House prices and tourism development in Cyprus: A contemporary perspective

Basit Öğe Kaydı
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorAsongu, Simplice A.
dc.contributor.authorAlola, Uju Violet
dc.date.accessioned2019-12-30T08:54:44Z
dc.date.available2019-12-30T08:54:44Z
dc.date.issued2019en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractThis study investigates the nexus between tourism development and house prices in the Republic of Cyprus over the period spanning from 2005Q1 to 2016Q4. Tourism indicators vis-a-vis tourism arrivals along with other explanatory variables (the domestic credit, the land area per person, and the consumer price index) are employed in a multivariate autoregressive distributed lag (ARDL)-bound test model. The empirical results indicate a significant evidence of cointegration. Indicatively, an observed adjustment of about 44% from short-run to long-run implies that the model is not relatively slow to adjust to disequilibrium. Importantly, a percent increase in tourism arrivals is observed to cause a rise in house price by about 37%. Expectedly, it is statistically observed that as the land area per person decreases, it is accompanied by a hike in house price. Also, the impacts of domestic credit offered to private enterprises and the consumer price index are different from the results in previous studies. As a policy guide, the government of Cyprus and stakeholder in the tourism and housing sectors should outline a strategy that will ensure the social welfare of people such that housing availability is not hampered by tourism activities.en_US
dc.identifier.doi10.1002/pa.2035en_US
dc.identifier.issn1472-3891
dc.identifier.issn1479-1854
dc.identifier.scopus2-s2.0-85076352020en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://hdl.handle.net/11363/1593
dc.identifier.urihttps://doi.org/
dc.identifier.wosWOS:000502277200001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USAen_US
dc.relation.ispartofJOURNAL OF PUBLIC AFFAIRSen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectAUTOREGRESSIVE TIME-SERIESen_US
dc.subjectUNIT-ROOTen_US
dc.subjectGRANGER CAUSALITYen_US
dc.subjectBOUNDS TESTen_US
dc.subjectGROWTHen_US
dc.subjectCONSUMPTIONen_US
dc.subjectHYPOTHESISen_US
dc.subjectVARIABLESen_US
dc.titleHouse prices and tourism development in Cyprus: A contemporary perspectiveen_US
dc.typeArticleen_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
Ä°sim:
House prices and tourism development in Cyprus.pdf
Boyut:
468.46 KB
Biçim:
Adobe Portable Document Format
Açıklama:
Makale / Article
Ä°ndir
Lisans paketi
Listeleniyor 1 - 1 / 1
Küçük Resim Yok
Ä°sim:
license.txt
Boyut:
1.56 KB
Biçim:
Item-specific license agreed upon to submission
Açıklama:
Ä°ndir

Koleksiyon

Web of Science ve Scopus Atıf Dizinlerindeki Yayınlar
Scopus İndeksli Yayınlar Koleksiyonu
WoS İndeksli Yayınlar Koleksiyonu