The relationship between tourism foreign direct investment and economic growth evidence from Saudi Arabia
Tourism is one of the world's main businesses and a progressively significant source of external channel of investment that is used to financial economic development. The main aim of this research paper is to inspect the short term and long term relationships between tourism and Foreign Direct Invest (FDI) growth in Saudi Arabia. In this research has used quarterly data covering the (2000 2013) time period and unit root test techniques, co integrated analysis and granger causality test to examine the relationships between variables. The findings showed that there is a positive relationship between tourism receipt and numbers of tourist with Foreign Direct Investment (FDI) in the short term and long term relationship. The Granger causality test shows a bidirectional causality running between tourism expenditure and Foreign Direct Investment (FDI)