FDI, tourism, and accelerating the rate of economic growth in Spain

Amin Sokhanvar and Glenn Jenkins ()

The Journal of International Trade & Economic Development, 2022, vol. 31, issue 4, 493-510

Abstract: Foreign direct investment (FDI) and tourism are listed as essential components of economic growth in many countries. However, empirical evidence remains controversial and ambiguous. This paper investigates the long-run effects of international tourism and FDI inflows on the rate of economic growth in Spain as an economy with a great GDP share of tourism and FDI. By employing a non-linear ARDL analysis, this study suggests that although international tourism development improves the economic growth rate, it might be wishful thinking to improve this rate by increasing the current rate of FDI in this country if the quality of FDI and its rate of return is as low as in the past. The reasons and solutions are explored in detail, and policy implications are provided.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/09638199.2021.1988135 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jitecd:v:31:y:2022:i:4:p:493-510

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJTE20

DOI: 10.1080/09638199.2021.1988135

Access Statistics for this article

The Journal of International Trade & Economic Development is currently edited by Pasquale Sgro, David E.A. Giles and Charles van Marrewijk

More articles in The Journal of International Trade & Economic Development from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().