European Academic Research ISSN 2286-4822
ISSN-L 2286-4822
Impact Factor: 3.4546 (UIF)
DRJI Value : 5.9 (B+)
Article Details :
Article Name :
The relationship between tourism, foreign direct investment and economic growth: evidence from Saudi Arabia
Author Name :
AFTAB ALAM, ELWALEED ABDULGAYOUM ALI IDRIS OMAIR MUJAHID MALIK, KAMISAN GAADAR
Publisher :
Bridge Center
Article URL :
Abstract :
Tourism is one of the worlds 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)
Keywords :
Tourism, FDI, Co-Integration, Saudi Arabia, Relationship Granger Causality
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