Causality between Foreign Direct Investment and Tourism: Empirical Evidence from India
Published By: MSE on eSS | Published Date: April, 24 , 2009This paper investigates the causal link between foreign direct investment
and tourism in India by employing the Granger causality test under a VAR
framework. A one-way causality link is found from foreign direct
investment to tourism in India. This evidence once again adds to the
need for appropriate policies and plans to further expand and develop
tourism given that FDI flow into India is expected to be strong in the
coming years, bringing along a demand for tourism as well. [Working Paper No. 46/2009] URL:[http://www.mse.ac.in/pub/working%20paper%2046.pdf]
Author(s): Brinda Viswanathan, Saroja Selvanathan, E.A. Selvanathan | Posted on: Mar 24, 2011 | Views(867) | Download (172)