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The impact of FDI restrictions on tourism growth

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  • Soonchan Park

Abstract

This study investigates the impact of FDI regulatory restrictions on tourism growth. Using system generalized method of moments (GMM) estimation of the dynamic panel data model, this study finds that FDI restrictions have significant negative effects on tourism growth, implying that liberalizing FDI policies could promote tourism growth.

Suggested Citation

  • Soonchan Park, 2024. "The impact of FDI restrictions on tourism growth," Tourism Economics, , vol. 30(1), pages 262-266, February.
    • Handle: RePEc:sae:toueco:v:30:y:2024:i:1:p:262-266
    DOI: 10.1177/13548166231168528
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    References listed on IDEAS

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    1. Douglas M. Sanford Jr & Huiping Dong, 2000. "Investment in Familiar Territory: Tourism and New Foreign Direct Investment," Tourism Economics, , vol. 6(3), pages 205-219, September.
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    3. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    4. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    5. Sumei Tang & E.A. Selvanathan & Saroja Selvanathan, 2007. "The Relationship between Foreign Direct Investment and Tourism: Empirical Evidence from China," Tourism Economics, , vol. 13(1), pages 25-39, March.
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