Causality between Foreign Direct Investment and Tourism: Empirical Evidence from India

Saroja Selvanathan, E.A. Selvanathan and Brinda Viswanathan
Authors registered in the RePEc Author Service: Eliyathamby Antony Selvanathan

Finance Working Papers from East Asian Bureau of Economic Research

Abstract: This 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.

Keywords: FDI; Tourism; Granger Causality (search for similar items in EconPapers)
JEL-codes: C32 F21 L83 (search for similar items in EconPapers)
Date: 2009-01
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Citations: View citations in EconPapers (1)

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Working Paper: Causality between Foreign Direct Investment and Tourism: Empirical Evidence from India (2009)
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