findings showed that, in the short-run, FDI, trade, aid, remittances and tourism had positive significant effects on welfare …, trade and tourism were insignificant. In other words, FDI, trade and tourist inflows were repressed as a result of the … short and long run. In conclusion, terrorism and militancy not only undermined FDI, trade and tourism, but also led to a …

introduced in 2002 to develop the tourism industry in the undeveloped region of Northeast Brazil. It provides evidence that … tourism industry as part of their regional development policies. The main objective of these programs is to increase local … investment and employment, as tourism activities are labor intensive. Little evidence is available, however, to assess the effect …