The relationship between tourism, foreign direct investment and economic growth: evidence from Saudi Arabia

Journal Article

Alam, Aftab . 2016

• Publication Work Type: PhD
• Publication Online URL: The relationship between tourism, foreign direct investment and economic growth: evidence from Saudi Arabia
• Tags: Empirical Analysis
• Magazine \ Newspaper: European Academic Research
• Issue Number: 4
• Volume Number: 4
• Pages: 4091-4106

Publication Abstract

Tourism is one of the world's main businesses and a progressively significant source of external channel of investment that is used to financial economic development. The main aim of this research paper is to inspect the short-term and long-term relationships between tourism and Foreign Direct Invest (FDI) growth in Saudi Arabia. In this research has used quarterly data covering the (2000–2013) time period and unit-root test techniques, co-integrated analysis and granger causality test to examine the relationships between variables. The findings showed that there is a positive relationship between tourism receipt and numbers of tourist with Foreign Direct Investment (FDI) in the short term and long-term relationship. The Granger causality test shows a bidirectional causality running between tourism expenditure and Foreign Direct Investment (FDI)