Empirical analysis of tourism as a tool to increase foreign direct investment in developing country: Evidence from Malaysia

Abstract

In this research manuscript studies to investigate the association between tourism and Foreign Direct Investment (FDI) in emerging countries by selecting Malaysia from amongst the developing countries. The connection among tourism and FDI growth has been argued whether tourism contributes to the growth of FDI or it is impacted by growth of the economies (economic-driven tourism development). This paper studies the impact of tourism on Foreign Direct Investment (FDI) growing in Malaysia. The purpose of this paper is to identify the key factors influencing foreign direct investment (FDI) in the Malaysia tourism business. This is done in order to effectively attract and withstand FDI as well as to remain economical.