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

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.

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Year of publication:	2013
Authors:	Samimi, Ahmad Jafari ; Sadeghi, Somaye ; Sadeghi, Soraya
Published in:	Institutions and Economies (formerly known as International Journal of Institutions and Economies). - Faculty of Economics and Administration. - Vol. 5.2013, 2, p. 59-68
Publisher:	Faculty of Economics and Administration
Subject:	developing countries \| Foreign Direct Investment \| panel VECM \| tourism industry

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Extent:	application/pdf
Type of publication:	Article
Classification:	F21 - International Investment; Long-Term Capital Movements ; L83 - Sports; Gambling; Recreation; Tourism ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010678246