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Assessing The Impact Of Tourism On Housing Price Dynamics: Evidence From Hawaii Highlighting Directional Causality And Vacation Rentals, Micaiah Ocalvey
Assessing The Impact Of Tourism On Housing Price Dynamics: Evidence From Hawaii Highlighting Directional Causality And Vacation Rentals, Micaiah Ocalvey
Economics Student Theses and Capstone Projects
Tourism has been shown to impact housing prices and residents’ ability to afford housing in a host community as well as impacting several other aspects of the host community. This study uses Hawaii as a case study to examine how tourism impacts housing price dynamics and whether there is a different distribution of effects across the different islands due to tourism levels including an aspect about short-term rentals and housing prices. Compiled datasets spanning from 2000 to 2023 of monthly data and from 2019 to 2023 (short-term rentals) OLS and 2SLS regression methodologies were employed to analyze the relationship between …