The relationship between foreign direct investment and tourism: empirical evidence from China

• Autores: Tang Sumei, E. A. Selvanathan, Saroja Selvanathan
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 13, Nº. 1, 2007, págs. 25-39
• Idioma: inglés
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• Resumen

  • This paper investigates the causal link between foreign direct investment and tourism in China by employing the Granger causality test under a VAR framework proposed by Zapata and Rambaldi (1997). Only a one-directional causality is found from foreign direct investment to tourism. This explains the rapid growth in the tourism market in China during the past decade.