The Relationship between Foreign Direct Investment and Tourism Development: Evidence from Developing Countries

Samimi, Ahmad Jafari and Sadeghi, Somaye and Sadeghi, Soraya (2013) The Relationship between Foreign Direct Investment and Tourism Development: Evidence from Developing Countries. Institutions and Economics, 5 (2). pp. 59-68.

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Abstract

This paper investigates the existence of Granger causality and co-integrated relationships between tourism related Foreign Direct Investment (FDI) and tourism development in developing countries using panel VECM techniques from 1995 to 2008. The results confirm the existence of a co-integrated relationship between variables in the long run. In addition, there is a bilateral long-run causality between tourism related FDI and tourism development, while there is no short-run causality between variables.

Item Type: Article
Uncontrolled Keywords: developing countries, Foreign Direct Investment, panel VECM, tourism industry
Subjects: H Social Sciences > HC Economic History and Conditions
Depositing User: MS NURUL SYAFIQAH RAMALIM
Date Deposited: 31 Jul 2013 03:23
Last Modified: 31 Jul 2013 03:23
URI: http://repository.um.edu.my/id/eprint/1031

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