References
- Baltagi, B. H. (2005). Econometric analysis of panel data (3rd ed.). England: Willey.
- Borensztein, E., de Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth?Journal of International Economics, 45, 115–135.
- Busse, M., & Hefeker, C. (2007). Political risk, institutions and foreign direct investment. European Journal of Political Economy, 27, 397–415.
- Cortes-Jimenez, I., & Pulina, M. (2010). Inbound tourism and long-run economic growth. Current Issues in Tourism, 13, 61–74.
- Craigwell, R., & Moore, W. (2007). Foreign direct investment and tourism in SIDS: Evidence from panel causality tests. Tourism Analysis, 13, 427–432.
- Dreher, A. (2006). Does globalization affect growth? Evidence from a new index of globalization. Applied Economics, 38, 1091–1110.
- Dunning, J. H., & Kundu, S. K. (1995). The internationalization of the hotel industry. Management International Review, 35, 101–103.
- Euromonitor International. (2013). Global market information database (GMID) [online]. Retrieved July 19, 2013, from http://www.euromonitor.com/.
- Fischer, C. (2004). The influence of immigration and international tourism on the demand for imported food products. Food Economics Acta Agriculturae Scandinavica, Section C, 1, 21–33.
- Gholipour, H. F., & Al-Mulali, U. (2012). The interaction between tourism and FDI in real estate in OECD countries. Current Issues in Tourism, 10.1080/13683500.2012.733359.
- Gholipour, H. F., & Masron, T. A. (2011). The effect of tourism agglomeration on foreign real estate investment. International Journal of Strategic Property Management, 15, 222–230.
- Im, K., Pesaran, H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115, 53–74.
- Ivanov, S., & Webster, C. (2013a). Tourism's impact on growth: The role of globalisation. Annals of Tourism Research, 41, 231–236.
- Ivanov, S., & Webster, C. (2013b). Globalisation as a driver of destination competitiveness. Annals of Tourism Research. http://dx.doi.org/10.1016/j.annals.2013.07.010.
- Kao, C. D. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90, 1–44.
- Khan, H., Toh, R. S., & Chua, L. (2005). Tourism and trade: Cointegration and Granger causality tests. Journal of Travel Research, 44, 171–176.
- KOF. (2011). Index of globalization [online]. Retrieved July 21, 2013, from http://globalization.kof.ethz.ch/.
- Kulendran, N., & Wilson, K. (2000). Is there a relationship between international trade and international travel?Applied Economics, 32, 1001–1009.
- Lee, C., & Chang, C. (2008). Tourism development and economic growth: A closer look at panels. Tourism Management, 29, 180–192.
- Levin, A., Lin, C. F., & Lu, C. S. (2002). Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, 108, 1–24.
- Meléndez, L. M. (2010). NAFTA, tourism, and environment in Mexico. International Environmental Agreements: Politics, Law and Economics, 10, 107–131.
- Mustafa, M. H. (2010). Tourism and globalization in the Arab world. International Journal of Business and Social Science, 1, 37–48.
- Pedroni, P. (2000). Fully modified OLS for heterogeneous cointegrated panels. Advanced Econometrics, 15, 93–130.
- Sanford, D. M., & Dong, H. (2000). Investment in familiar territory: Tourism and new foreign direct investment. Tourism Economics, 6, 205–219.
- Santana-Gallego, M., Ledesma-Rodriguez, F., & Perez-Rodrıguez, J. V. (2011). Tourism and trade in OECD countries. A dynamic heterogeneous panel data analysis. Empirical Economics, 41, 533–554.
- Sayah, R. (2013, November 6). Iran to relax visa requirements amid tourism boom. CNN [online]. Retrieved January 4, 2014, from http://www.edition.cnn.com/2013/11/06/world/meast/iran-tourism-boom-sayah/.
- Shan, J., & Wilson, K. (2001). Causality between trade and tourism: Empirical evidence from China. Applied Economics Letters, 8, 279–283.
- Tang, C. F., & Abosedra, S. (2012). Small sample evidence on the tourism-led growth hypothesis in Lebanon. Current Issues in Tourismdoi, 10.1080/13683500.2012.732044.
- Tang, S., Selvanathan, E. A., & Selvanathan, S. (2007). The relationship between foreign direct investment and tourism: Empirical evidence from China. Tourism Economics, 13, 25–39.
- World Travel and Tourism Council. (2013). Economic data search tool [online]. Retrieved July 24, 2013, from http://www.wttc.org/research/economic-data-search-tool/.
- Zhang, J., Ebbers, H., & Zhou, C. (2011). Flows of tourists, commodities and investment: The case of China. In A. Matias, P. Nijkamp, & M. Sarmento (Eds.), Tourism economics: Impact analysis (Chap. 4, pp. 43–63). Heidelberg: Physica-Verlag HD.