The Role of Foreign Direct Investment in Boosting Tourism Development: A Study of Vietnam for 1990–2020 Interval

Thao Thi Phuong Hoang ()
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Thao Thi Phuong Hoang: University of Pécs

A chapter in Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 1, 2023, pp 59-73 from Springer

Abstract: Abstract The vital purpose of this research is to use the ARDL model in order to determine the relationship between foreign direct investment (FDI) and tourism development in Vietnam from 1990 to 2020. The outcomes reveal that tourism development and FDI have a positive short-term and long-term interaction. In other words, FDI strongly causes tourism development in this study interval. This paper supports policymakers to perfect the development strategy for Vietnam's tourism industry. Apart from creating a favorable business environment to attract more FDI to the tourism industry in the future, it is also necessary to improve the efficiency of using this FDI capital to increase its contribution to tourism growth.

Keywords: Finance direct investment; Tourism industry; ARDL model; Granger test; Vietnam (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-9669-6_4

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DOI: 10.1007/978-981-19-9669-6_4

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