Tourism and FDI-Growth Nexus in Upper-Middle Income Countries: Evidence from Static and Dynamic Panel Analyses

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dc.authoridEMIKONEL, MURAT/0000-0002-8415-0510
dc.authoridADELEYE, Bosede Ngozi/0000-0002-1274-714X
dc.authoridSOYLU, OZGUR BAYRAM/0000-0002-5030-5924
dc.contributor.authorSoylu, Ozguer Bayram
dc.contributor.authorAdeleye, Bosede Ngozi
dc.contributor.authorOkur, Fatih
dc.contributor.authorEmikonel, Murat
dc.date.accessioned2024-10-04T18:54:05Z
dc.date.available2024-10-04T18:54:05Z
dc.date.issued2023
dc.departmentBayburt Üniversitesien_US
dc.description.abstractThis paper examines the role of tourism in foreign direct investment-growth relations in upper-middle-income countries. We deploy static and dynamic panel analysis to evaluate how tourism indicators influence the impact of FDI net inflows on growth using unbalanced panel data on 29 upper-middle-income countries from 2010 to 2019. The tourism indicators are receipts, arrivals, and expenditures. The results from static and dynamic analyses indicate that for the most part (1) FDI and tourism exert asymmetric effects on growth, (2) tour-ism indicators reduce the negative effect of FDI on growth, (4) trade openness is a positive and significant predictor of growth, and (5) domestic credit negatively contributes to growth. Deductively, results evidence that tourism indicators are critical drivers of economic growth in upper-middle-income countries. Overall, tourism receipts show the largest influence on FDI to spur the most appreciable impact on growth. Despite this, the fact that tourism indicators cannot eliminate the destructive impact of FDI on economic growth shows that tourism development policies should be based on a greener and more sustainable ground, taking into account the effects of the coronavirus.en_US
dc.identifier.doi10.37741/t.71.1.10
dc.identifier.endpage177en_US
dc.identifier.issn1332-7461
dc.identifier.issn1849-1545
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85152532341en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage162en_US
dc.identifier.urihttps://doi.org/10.37741/t.71.1.10
dc.identifier.urihttp://hdl.handle.net/20.500.12403/3855
dc.identifier.volume71en_US
dc.identifier.wosWOS:000992717700010en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInst Tourismen_US
dc.relation.ispartofTourismen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjecttourismen_US
dc.subjectforeign direct investmenten_US
dc.subjecteconomic growthen_US
dc.titleTourism and FDI-Growth Nexus in Upper-Middle Income Countries: Evidence from Static and Dynamic Panel Analysesen_US
dc.typeArticleen_US

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