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ECONOMIC DEVELOPMENT THROUGH SECOND HOME DEVELOPMENT: EVIDENCE FROM SOUTH AFRICA
Author(s) -
HOOGENDOORN GIJSBERT,
VISSER GUSTAV
Publication year - 2011
Publication title -
tijdschrift voor economische en sociale geografie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 55
eISSN - 1467-9663
pISSN - 0040-747X
DOI - 10.1111/j.1467-9663.2011.00663.x
Subject(s) - human settlement , economic growth , empirical evidence , capital (architecture) , geography , development economics , economic geography , economics , archaeology , epistemology , philosophy
This investigation aims to make a contribution towards addressing the general lack of academic reflection on second homes in South Africa. In particular, it aims to provide insight into the economic impact of second home development on smaller settlements in remote rural towns in the country. While the empirical evidence demonstrates the unique development characteristics and impact of South African second home development, the investigation also highlights the stimulation of new capital inflow, employment creation and property price appreciation.