Samimi, Ahmad Jafari; Sadeghi, Somaye; Sadeghi, Soraya - In: Institutions and Economies (formerly known as … 5 (2013) 2, pp. 59-68
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...