IDEAS home Printed from https://ideas.repec.org/a/taf/jitecd/v31y2022i4p493-510.html
   My bibliography  Save this article

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

Author

Listed:
  • Amin Sokhanvar
  • Glenn P. Jenkins

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.

Suggested Citation

  • Amin Sokhanvar & Glenn P. Jenkins, 2022. "FDI, tourism, and accelerating the rate of economic growth in Spain," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 31(4), pages 493-510, May.
    • Handle: RePEc:taf:jitecd:v:31:y:2022:i:4:p:493-510
    DOI: 10.1080/09638199.2021.1988135
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09638199.2021.1988135
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09638199.2021.1988135?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jitecd:v:31:y:2022:i:4:p:493-510. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJTE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.