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Foreign Direct Investment in Tourism and Economic Growth: Panel Data of OECD Countries
( Vol-5,Issue-9,September 2018 )
Author(s):

Bryna Meivitawanli

Keywords:

economic growth, FDI, foreign direct investment, system GMM, tourism

Abstract:

It is debated whether foreign direct investment (FDI) exerts significant influence on economic growth. This paper aims to examine the effect of FDI in tourism on economic growth. The particular focus on tourism provides insight on possible contradictory process that previous literature have captured. This paper analyzes panel data of 18 OECD countries from 2005 to 2012 using system GMM developed by Arellano and Bover (1995) and Blundell and Bond (1998). The results show that FDI in tourism industry does not significantly affect economic growth. Furthermore, the absorptive capacities, human capital and trade openness, that are proven to work for aggregate FDI do not work for tourism-related FDI. Therefore governments are advised to take precaution against the common wisdom that FDI (in aggregate) contributes to economic growth. As this paper suggests, tourism industry, among other sectors, presents itself as an exception.

ijaers doi crossref DOI:

10.22161/ijaers.5.9.34

Paper Statistics:
  • Total View : 17
  • Downloads : 7
  • Page No: 287-295
Cite this Article:
MLA
Bryna Meivitawanli et al ."Foreign Direct Investment in Tourism and Economic Growth: Panel Data of OECD Countries". International Journal of Advanced Engineering Research and Science(ISSN : 2349-6495(P) | 2456-1908(O)),vol 5, no. 9, 2018, pp.287-295 AI Publications, doi:10.22161/ijaers.5.9.34
APA
Bryna Meivitawanli(2018).Foreign Direct Investment in Tourism and Economic Growth: Panel Data of OECD Countries. International Journal of Advanced Engineering Research and Science(ISSN : 2349-6495(P) | 2456-1908(O)),5(9), 287-295. http://dx.doi.org/10.22161/ijaers.5.9.34
Chicago
Bryna Meivitawanli. 2018,"Foreign Direct Investment in Tourism and Economic Growth: Panel Data of OECD Countries". International Journal of Advanced Engineering Research and Science(ISSN : 2349-6495(P) | 2456-1908(O)).5(9):287-295. Doi: 10.22161/ijaers.5.9.34
Harvard
Bryna Meivitawanli. 2018,Foreign Direct Investment in Tourism and Economic Growth: Panel Data of OECD Countries, International Journal of Advanced Engineering Research and Science(ISSN : 2349-6495(P) | 2456-1908(O)).5(9), pp:287-295
IEEE
Bryna Meivitawanli."Foreign Direct Investment in Tourism and Economic Growth: Panel Data of OECD Countries", International Journal of Advanced Engineering Research and Science(ISSN : 2349-6495(P) | 2456-1908(O)),vol.5,no. 9, pp.287-295,2018.
Bibtex
@article {brynameivitawanli2018foreign,
title={Foreign Direct Investment in Tourism and Economic Growth: Panel Data of OECD Countries},
author={Bryna Meivitawanli},
journal={International Journal of Advanced Engineering Research and Science},
volume={5},
year= {2018},
}
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References:

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