The real estate growth hypothesis in tourism destinations

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Title: The real estate growth hypothesis in tourism destinations
Authors: Perles Ribes, José Francisco | Ramón-Rodríguez, Ana B. | Torregrosa, Teresa | Sevilla-Jiménez, Martín
Research Group/s: Internacionalización de la Empresa y Comercio Exterior | Economía del Turismo, Recursos Naturales y Nuevas Tecnologías (INNATUR) | Economía de la Innovación y de la Inteligencia Artificial (ECO-IA)
Center, Department or Service: Universidad de Alicante. Departamento de Análisis Económico Aplicado
Keywords: Real estate development | Tourism growth | Non-linear causality analysis | Asymmetries
Issue Date: 12-Apr-2024
Publisher: Varna University of Management
Citation: European Journal of Tourism Research. 2024, 37: 3704.
Abstract: This article proposes and theoretically develops the Real Estate Growth Hypothesis concept. It empirically investigates the connection between the expansion of tourism and the progress of real estate in Calp, an established tourist hotspot situated on the Mediterranean coast of Spain. Using annual data for the period 1967-2019 and a time series methodology that considers the possible nonlinearity of the relationship, the article draws conclusions from local and long-term perspectives. The results indicate that tourism causes real estate development, but only in the case of positive shocks. In view of this result, practical implications are outlined, and suggestions are made for managing tourist destinations.
ISSN: 1994-7658 (Print) | 1314-0817 (Online)
DOI: 10.54055/ejtr.v37i.3236
Language: eng
Type: info:eu-repo/semantics/article
Rights: © 2024 The Author(s). This work is licensed under the Creative Commons Attribution 4.0 International (CC BY 4.0). To view a copy of this license, visit
Peer Review: si
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Appears in Collections:INV - ECO-IA - Artículos de Revistas
INV - Internacionalización de la Empresa y Comercio Exterior - Artículos de Revistas
INV - INNATUR - Artículos de Revistas

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