Answers are grounded in this paper and cite their sources.
This paper investigates the causal link between foreign direct investment and tourism in China by employing the Granger causality test under a VAR framework proposed by Zapata and Rambaldi (1997). Only a one-directional causality is found from foreign direct investment to tourism. This explains the rapid growth in the tourism market in China during the past decade.
No takes yet. Share an insight, caveat, or question.
Tang et al. (2007) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: