|
Abdullahi, D. A., Cheng, E., & Messinis, G. (2011). The role of exports, FDI and imports in development: Evidence from Sub-Saharan African countries. Applied Economics, 43(26), 3719–3731. Agrawal, G., & Khan, M. A. (2011). Impact of FDI on GDP: A Comparative Study of China and India. International Journal of Business and Management, 6(10), 71–71. Ahmed, A. D., Cheng, E., & Messinis, G. (2011). The role of exports, FDI and imports in development: Evidence from Sub-Saharan African countries. Applied Economics, 43(26), 3719–3731. Apergis, N., Lyroudi, K., & Vamvakidis, A. (2008). The relationship between foreign direct investment and economic growth: Evidence from transition countries. Transition Studies Review, 15(1), 37–51. Aqeel, A., Nishat, M., & Bilquees, F. (2004). The Determinants of Foreign Direct Investment in Pakistan [with Comments]. The Pakistan Development Review, 34(2), 651–664. Archer, B., & Fletcher, J. (1996). The economic impact of tourism in the Seychelles. Annals of Tourism Research, 23(1), 32–47. Balaguer, J., & Cantavella Jordá, M. (2000). Tourism as a long-run economic growth factor: The Spanish case. Working Papers= Documentos de Trabajo: Serie EC (Instituto Valenciano de Investigaciones Económicas), 13(10), 1–1. Biçak, H. A., & Altinary, M. (1996). Economic impact of the Israeli tourists on North Cyprus. Annals of Tourism Research, 23(4), 928–931. Blomstrom, M., Lipsey, R. E., & Zejan, M. (1994). What explains developing country growth? National Bureau of Economic Research, 23(1), 32–47. Brau, R., Lanza, A., & Pigliaru, F. (2007). How fast are small tourism countries growing? The 1980-2003 evidence. Nota di Lavoro, Fondazione Eni Enrico Mattei, 10(2), 57–87 Carkovic, M., & Levine, R. (2002). Does foreign direct investment accelerate economic growth? U of Minnesota Department of Finance Working Paper, 21(4),45–61 Chakraborty, C., & Basu, P. (2002). Foreign direct investment and growth in India: A cointegration approach. Applied Economics, 34(9), 1061–1073. Chen, Kuo, & Chen, (2007). The relationship between GDP and electricity consumption in 10 Asian countries. Energy Policy, 35(4), 2611–2621. Choe, J. I. (2003). Do foreign direct investment and gross domestic investment promote economic growth? Review of Development Economics, 7(1), 44–57. Chowdhury, A., & Mavrotas, G. (2005). FDI and growth: A causal relationship. Research Paper, UNU-WIDER, United Nations University (UNU), 23(25), 35–78 Christopher A. (1980). Comparison of Interwar and Postwar Business Cycles: Monetarism Reconsidered. The American Economic Review, 70(2), 23–46. Cortes-Jimenez, I., & Pulina, M. (2006). A further step into the ELGH and TLGH for Spain and Italy. Applied Economics, 46(3), 34–62. Cortes-Jimenez, I., & Pulina, M. (2010). Inbound tourism and long-run economic growth. Current Issues in Tourism, 13(1), 61–74. Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427–431. Duasa, J. (2007). Malaysian foreign direct investment and growth: Does stability matter. Journal of Economic Cooperation, 28(2), 83–98. Durbarry, R. (2004). Tourism and economic growth: The case of Mauritius. Tourism Economics, 10(4), 389–401. Enders, W. (1995). Applied econometric time series. John Wiley and Sons Enders, W. (2008). Applied econometric time series. John Wiley and Sons Engle, R. F., & Granger, C. W. J. (1987). Cointegration and error correction representation, estimation and testing. Econometrica, 6(55), 251–76. Enright, M. J., & Newton, J. (2005). Determinants of tourism destination competitiveness in Asia Pacific: Comprehensiveness and universality. Journal of Travel Research, 43(4), 339–350. Ericsson, J., & Irandoust, M. (2001). On the causality between foreign direct investment and output: a comparative study. The International Trade Journal, 15(1), 1–26. Eugenio-Martin, J., Martín Morales, N., & Scarpa, R. (2004). Tourism and economic growth in Latin American countries: A panel data approach. Fondazione ENI Enrico Mattei, 56(7), 56–87 Fayissa, B., & Nsiah, C. (2010). The impact of remittances on economic growth and development in Africa. American Economist, 55(2),67– 92. Feridun, M., & Sissoko, Y. (2011). Impact of FDI on Economic Development: A Causality Analysis for Singapore, 1976–2002. International Journal of Economic Sciences and Applied Research, 2(1), 71–90. Granger, C. W. (1969). Investigating causal relations by econometric models and cross-spectral methods. Econometrica: Journal of the Econometric Society, 2(34), 424–438. Granger, C. W. (1980). Testing for causality: a personal viewpoint. Journal of Economic Dynamics and Control, 7(2), 329–352. Granger, C. W., & Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2(2), 111–120. Greene, W. H. (2003a). Econometric analysis. Pearson Education India. Greene, W. H. (2003b). Econometric analysis. Pearson Education India. Gunduz, L., & Hatemi-J, A. (2005). Is the tourism-led growth hypothesis valid for Turkey? Applied Economics Letters, 12(8), 499–504. Haley, U. C., & Haley, G. T. (1997). When the tourists flew in: strategic implications of foreign direct investment in Vietnam’s tourism industry. Management Decision, 35(8), 595–604. Hansen, H., & Rand, J. (2006). On the causal links between FDI and growth in developing countries. The World Economy, 29(1), 21–41. Har, W.-M., Lam, Z.-L., Leng, C., Liew, K.-Y., Ling, H., & Carmen, L. (2010). Malaysia’s International Relations and Foreign Direct Investment (FDI): A Structural Change Analysis. Asian Social Science, 6(7), 156–170. Herzer, D., Klasen, S., & Nowak-Lehmann D, F. (2008). In search of FDI-led growth in developing countries: The way forward. Economic Modelling, 25(5), 793–810. Holtz-Eakin, D., Newey, W., & Rosen, H. S. (1988). Estimating vector autoregressions with panel data. Econometrica: Journal of the Econometric Society, 4(6), 1371–1395. Hsiao, C., & Shen, Y. (2003). Foreign Direct Investment and Economic Growth: The Importance of Institutions and Urbanization. Economic Development and Cultural Change, 51(4), 883–896. ISTAT. (2013). Italy GDP growth rate. Retrieved from www.tradingeconomics.com Juan G.B. (2009). The Tourism-led Growth Hypothesis: Empirical Evidence from Colombia. Tourismos: An International Multidisciplinary Journal Of Tourism, 4(2), 13–27. Karimi, M. S., & Yusop, Z. (2009). FDI and economic growth in Malaysia. Economic Dynamics and Control, 7(2), 329–352. Kasimati, E. (2011). Economic Impact of Tourism on Greece’s Economy: Cointegration and Causality Analysis. International Research Journal of Finance and Economics, 2(79), 79–85. Katircioglu, S. (2011). The bounds tset of the level relatonship and causality between foreign direct investment and international tourism: The case in Turkey. The World Economy, 29(3), 21–41. Keating, J. W. (1990). Identifying VAR models under rational expectations. Journal of Monetary Economics, 25(3), 453–476. Khalil, S., Kakar, M. K., & Malik, A. (2007). Role of Tourism in Economic Growth: Empirical Evidence from Pakistan Economy. The Pakistan Development Review, 32(4), 985–995. Kim, H. J., Chen, M.-H., & Jang, S. (2006). Tourism expansion and economic development: The case of Taiwan. Tourism Management, 27(5), 925–933. Koop, G. M. (2008a). An introduction to econometrics. John Wiley and Sons. Koop, G. M. (2008b). An introduction to econometrics. John Wiley and Sons. Kulendran, N., & Wilson, K. (2000). Is there a relationship between international trade and international travel? Applied Economics, 32(8), 1001–1009. Lan, N. P. (2006). Foreign Direct Investment and its Linkage to Economic Growth in Vietnam: A Provincial Level Analysis. University of South Australia, Australia. 27(5), 925–933. Lashkarizadeh, M., Gashti, H, & Shahrivar, R. B. (2010). Evaluation of the Relationship between Tourism Industry and Economic Growth in Iran. Economic Dynamics and Control, 9(2), 39–52. Lau, E., Oh, S.-L., & Hu, S.-S. (2008). Tourist arrivals and economic growth in Sarawak. Applied Economics, 35(4), 69-97. Lee, C.-C., & Chang, C.-P. (2008). Tourism development and economic growth: a closer look at panels. Tourism Management, 29(1), 180–192. Lee, L.-C., Lin, P.-H., Chuang, Y.-W., & Lee, Y.-Y. (2011). Research output and economic productivity: A Granger causality test. Scientometrics, 89(2), 465–478. Lee, Y.-S. (2005). Foreign Direct Investment and Regional Trade Liberalization: A Viable Answer for Economic Development? Journal of World Trade, 3(39), 701–717. Liu, X., Burridge, P., & Sinclair, P. J. (2002). Relationships between economic growth, foreign direct investment and trade: evidence from China. Applied Economics, 34(11), 1433–1440. Luo, Q., Ge, T., & Feng, J. (2011). Granger causality with signal-dependent noise. Neuroimage, 57(4), 1422–1429. Mah, J. S. (2010). Foreign direct investment inflows and economic growth of China. Journal of Policy Modeling, 32(1), 155–158. Mankiw, N. G., Runkle, D. E., & Shapiro, M. D. (1984). Are preliminary announcements of the money stock rational forecasts? Journal of Monetary Economics, 14(1), 15-27. Minciu, R. (2000). The Economy of tourism. Publishing House Uranus, Bucharest. MINECO, Spain. (2010). Registry of the Ministry of Economy and Competitiveness. Retrieved from http://www.micinn.es/portal/site/MICINN/?lang_choosen=en Mohammadzade & Najafi N. (2009). Studying the causal relationship between number of tourists and gross domestic product in the selected Islamic countries. Economic Modeling Quarterly, 1(4), 99–112. Mortaza, M., G., & Das, N., C. (2007). Foreign Direct Investment, Trade Liberalization and Economic Growth: Empirical Evidence from South Asia and Implications for Bangladesh. Policy Analysis Unit (Pau) Working Paper, 45(3),67-90. Moudatsou, A., & Kyrkilis, D. (2011). FDI and Economic Growth: Causality for the EU and ASEAN. Journal of Economic Integration, 26(3), 554–577. Mutinelli, M., & Piscitello, L. (2011). Inward FDI in Italy and its policy context. Tourism Management, 29(5), 25–93. Nair-Reichert, U., & Weinhold, D. (2001). Causality Tests for Cross‐Country Panels: A New Look at FDI and Economic Growth in Developing Countries. Oxford Bulletin of Economics and Statistics, 63(2), 153–171. Neves Sequeira, T., & Campos, C. (2005). International tourism and economic growth: A panel data approach. Tourism Management, 31(5), 76–93. Oh, C.-O. (2005). The contribution of tourism development to economic growth in the Korean economy. Tourism Management, 26(1), 39–44. Pesaran, M. H., Shin, Y., & Smith, R. J. (2001a). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. Pesaran, M. H., Shin, Y., & Smith, R. J. (2001b). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. Po, W.-C., & Huang, B.-N. (2008). Tourism development and economic growth–a nonlinear approach. Physica A: Statistical Mechanics and Its Applications, 387(22), 5535–5542. Proenca, S., & Soukiazis, E. (2005). Tourism as an alternative source of regional growth in Portugal. Centro de Estudos Da Uniao Europeia Faculdade de Economia Da Unversidade de Coimbra, Discussion Paper, 5(34), 45–68. Rudra, P., & Pradhan. (2009). The FDI led-growth hypothesis in ASEAN-5 countries: Evidence from co-integration panel analysis. International Journal of Business and Management, 4(12), 23–98. Salleh, N. H. M., Othman, R., & Sarmidi, T. (2011). An Analysis of the Relationships between Tourism Development and Foreign Direct Investment: An Empirical Study in Selected Major Asian Countries. International Journal of Business Social Science, 3(2), 250–257. Schwert, G. W. (1987). Effects of model specification on tests for unit roots in macroeconomic data. Journal of Monetary Economics, 20(1), 73–103. Sekmen, F. (2007). Cointegration and Causality among Foreign Direct Investment in Tourism Sector, GDP, and Exchange Rate Volatility in Turkey. Journal of Applied Econometrics, 4(12), 29–78. Selvanathan, S. (2007). The effect of war and other factors on Sri Lankan tourism. Applied Economics Letters, 14(1), 35–38. Sharpley, R. (2003). Tourism, modernisation and development on the island of Cyprus: challenges and policy responses. Journal of Sustainable Tourism, 11(2-3), 246–265. Shibata, R. (1976). Selection of the order of an autoregressive model by Akaike’s information criterion. Biometrika, 63(1), 117–126. Tang, S., Selvanathan, E. A., and Selvanathan, S. (2007). The relationship between foreign direct investment and tourism: Empirical evidence from China. Tourism Economics, 13(1), 25–39. Tayebbi, S. K., Jabbari, A. and Babaki, R. (2009). Studying the causal relationship between tourism and economic growth, knowledge and Development Magazine. Scientific Research, 9(24), 24–67. Tiwari, A. K. (2011). Tourism, Exports and FDI as a Means of Growth: Evidence from four ASIAN Countries. The Romanian Economic Journal, 14(40), 131–151. Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics, 66(1), 225–250. UNCTAD’FDI/TNC database. (2010). Retrieved from http://stats.unctad.org/fdi/ UNCTAD’FDI/TNC database. (2012). Retrieved from http://stats.unctad.org/fdi/ Vijayakumar, N. (2009). Causal relationship between foreign direct investment and growth: Evidence from BRICS countries. International Business Research, 2(4), 198–198. Wang, M. (2003). Manufacturing FDI and economic growth: Evidence from Asian economies. Economic Journal, 12(40), 31–51. World investment report, N. Y. and G. (2003). New York and Geneva. Retrieved from website: http://www.worldbank.org/ Worldbank. (2012). Retrieved from website: http://data.worldbank.org/country/italy WTO. (2005). World Tourism Organization. Retrieved from website: http://www.wto.org/ WTO (2000). Yearbook of tourism statistic. Retrieved from website: http://www.wto.org/ Zhang, K. H. (2007). Does foreign direct investment promote economic growth? Evidence from East Asia and Latin America. Contemporary Economic Policy, 19(2), 175–185. Zortuk, M. (2009). Economic impact of tourism on Turkey’s economy: Evidence from cointegration tests. International Research Journal of Finance and Economics, 25(3), 231–239.
|