Alola, Andrew A.; Asongu, Simplice; Alola, Uju V. - 2019
This 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-à-vis tourism arrivals along with other explanatory variables … disequilibrium. Importantly, a percent increase in tourism arrivals is observed to cause a rise in house price by about 37 …