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Migration and tourism demand
Leitão, Nuno Carlos; Shahbaz, MuhammadThis study considers the relationship between immigration and Portuguese tourism demand for the period 1995-2008, using a dynamic panel data approach. The findings indicate that Portuguese tourism increased significantly during the period in accordance with the values expected for a developed country. The regression results show that income, shock of immigration, population, and geographical distance between Po...
Foreign direct investment-economic growth nexus:the role of domestic financial ...
Shahbaz, Muhammad; Leitão, Nuno Carlos; Malik, SummairaThe aim of present paper is to examine the role of financial development on FDI-Growth nexus using annual data over the period of 1975-2008. The results show that financial development is playing its role well but not satisfactory. This study will provide new guidelines for policy making authorities for Portuguese's economy. The manuscript applies the unrestricted error correction model (ECM) estimator advanced...
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