Do greenfield FDI inflows promote international tourism?

被引:4
作者
Gopalan, Sasidaran [1 ]
Khalid, Usman [2 ]
Okafor, Luke [3 ]
机构
[1] Natl Univ Singapore, Lee Kuan Yew Sch Publ Policy, Singapore, Singapore
[2] United Arab Emirates Univ UAEU, Coll Business & Econ, Dept ofEcon & Finance, UnitedArab Emirates, Al Ain, Yemen
[3] Univ Nottingham Malaysia, Sch Econ, Semenyih, Malaysia
关键词
Foreign direct investment (FDI); greenfield FDI; inbound tourism flows; emerging markets and developing economies; gravity model; distance; FOREIGN DIRECT-INVESTMENT; VISA RESTRICTIONS; EXCHANGE-RATE; IMPACT; DETERMINANTS; MODEL; WORLD; MOTIVATION; CAUSALITY; LANGUAGE;
D O I
10.1080/13683500.2023.2294486
中图分类号
F [经济];
学科分类号
02 ;
摘要
To what extent do Greenfield foreign direct investment (FDI) inflows to emerging markets and developing economies drive their tourist inflows? Using a novel dataset on bilateral Greenfield FDI, this study is the first to empirically investigate the impact of bilateral Greenfield FDI on bilateral tourist flows. The analysis is based on a large cross-country dyadic dataset comprising 103 origin countries and 63 destination countries over the period 2003-2017. The findings robustly establish that greater flows of bilateral Greenfield FDI stimulate bilateral tourism flows, and this effect is stronger for country pairs that are linguistically further apart and/or with greater physical distance. These findings are not susceptible to potential endogeneity issues.
引用
收藏
页码:4561 / 4578
页数:18
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