This study is intended to study the effects of foreign direct investment. From 1980 to 2016, cointegration tests showed a long-term correlation between foreign direct investment and tourism revenues. Studies have shown that foreign direct investment contributes to increase tourism revenues by directly affecting the development of the tourism sector. This paper suggests that the increase in the FDI to GDP1% ratio makes up the proportion of tourism revenue to GDP. With a 20.7% increase, pepper pointed to a causal relationship between interest rates and the FDI-to-GDP ratio.
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