Our Archives

Call 08068929770 or 08122972656 for any enquiries.

Project Topic:

IMPACT OF FOREIGN DIRECT INVESTMENT (FDI) ON THE HOSPITALITY SECTOR IN NORTHERN CYPRUS

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 115 ::   Attributes: Secondary Data Analysis,abstract, table of content, references ::   599 people found this useful

Project Body:

ABSTRACT

The study on determine the impact of foreign direct investment (FDI) on the hospitality in northern Cyprus is with the aim to determine the relationship between foreign direct investment (FDI)and the hospitality industry in northern Cyprus, to determine the effect of the contribution of the hospitality industry to the economic development processes in Cyprus, to investigate on the factors affecting the hospitality in northern Cyprus, and to examine whether foreign direct investment (FDI) is beneficial to the hospitality industry in northern Cyprus. The study made use of secondary data which are gotten from central bank of Cyprus (CBC) statistical bulletin 2018. Ordinary least square regression was used for the data analysis and test of hypothesis. The result of the data analysis shows that the p-value (0.029) is less than the level of significance (0.05); the null hypothesis was rejected and the study concludes that there is significant relationship (correlation index (0.933)) between foreign direct investment (FDI) and the hospitality industry in northern Cyprus. The study also made useful recommendation to assist the federal government in decision making.

 

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF STUDY

The internalization of an economy that was once characterized by its foreign trade flows (imports and exports) and by the movement of people, nowadays results in an intensification of Foreign Direct Investment (FDI) movements. Globalization and neo-liberal policies, including liberalization and privatization, have generated a significant growth of FDI in recent years (Mwillima, 2003). Despite the increase of globalization in the Tourism industry, there is surprisingly little empirical research on the impact of FDI. Many studies about FDI exist, but only a few analyze the Tourism sector and its hospitality (Osuala 2007). Even though FDI plays an important role in the development of world Tourism, the analysis and its impacts on hospitality sector has been neglected and has attracted less attention than what was expected. Most countries worldwide try to attract FDI to promote their growth. FDI is a means to finance new structures and equipment and allow a transfer of more advanced technology and forms of management, in addition to the multiplier effects it provides. It is crucial for countries to understand what drives companies to invest abroad, given that FDI contributes to their economic growth and development. The aim of this study is to identify the impacts of foreign direct investment on the hospitality sector, from a comprehensive review of literature. Accordingly, the paper begins with a brief summary of international trade theories and their connection with FDI; followed by a theoretical framework of FDI, identifying the positive and negative impacts that it has on the hospitality sector and the determinant factors in the attraction process. In the second part of the paper, the connection between FDI and its impact on the hospitality sector is analyzed, concluding that the factors considered determinant in FDI attraction are similar to Tourism and other sectors, but varying in their importance. Lastly, some strategies are suggested to attract FDI.

1.2 STATEMENT OF PROBLEM

The financial system in North Cyprus is relatively underdeveloped by western standards, even though progress has been made. Despite some recent improvement, business freedom remains constrained by some factors. For example, corruption and political unrest in North Cyprus remains in high levels. This is evident in all the sectors and levels of government. North Cyprus is still considered a transit country. The economy remains vulnerable on several fronts due to tax evasion and the lack of anti-money laundering laws. The resolution of the property problem in North Cyprus is obstructing foreign investors. The process of the denationalization of land and national buildings, medium and large-sized national enterprises in industrial sectors with intensive capital, and strategic sectors like energy, water and transport, has been slow, thereby reducing its impact on the hospitality sector

1.3 AIM AND OBJECTIVES OF STUDY

The main aim of the research work is to determine the impact of foreign direct investment (FDI) on the hospitality in northern Cyprus. Other specific objectives of study are:

  1. to determine the relationship between foreign direct investment (FDI)and the hospitality industry in northern Cyprus
  2. to determine the effect of the contribution of the hospitality industry to the economic development processes in Cyprus
  3.  to investigate on the factors affecting the hospitality in northern Cyprus
  4. to examine whether foreign direct investment (FDI)is beneficial to the hospitality industry in northern Cyprus
  5. to proffer solution to the above problem

1.4 RESEARCH QUESTIONS

The study came up with research questions so as to ascertain the above stated objectives of the study. The research questions for the study are:

  1. What is the relationship between foreign direct investment (FDI) and the hospitality industry in northern Cyprus?
  2. What is the effect of the contribution of the hospitality industry to the economic development processes in northern Cyprus?
  3.  What are the factors affecting the hospitality in northern Cyprus?
  4. Is foreign direct investment (FDI) beneficial to the hospitality industry in northern Cyprus?
  5. What are the major constraints hindering foreign direct invest on the hospitality sector in North Cyprus?

1.5 STATEMENT OF RESEARCH HYPOTHESIS

Hypothesis 1

H0: there is no significant relationship between foreign direct investment (FDI) and the hospitality industry in northern Cyprus

H1: there is significant relationship between foreign direct investment (FDI) and the hospitality industry in northern Cyprus

Hypothesis 2

H0: the hospitality industry has no significant effect on the economic development of northern Cyprus

H1: the hospitality industry has significant effect on the economic development of northern Cyprus

1.6 SIGNIFICANCE OF STUDY

Foreign Direct Investment (FDI) has become an increasingly important element for economic development. Specifically in the Tourism and Hospitality Sectors, it is paramount to know which factors affect FDI inflows. This work offers a comprehensive review of articles that were published, and to determine if the impacts of FDI on the Hospitality Sector are similar to the determinants of FDI in other sectors. The information obtained is a starting point for the implementation of strategies to attract foreign investment. The study will also serve as a repository of information to other researchers that desire to carry out similar research on the above topic. Finally the study will contribute to the body of existing literature and knowledge in this field of study and provide a basis for further research

1.7 SCOPE OF STUDY

This study on the impact of foreign direct investment on the hospitality sector in North Cyprus will cover various approaches to the study and its impact on the area of study from the year 2000 to 2017.

Financial constraint- Insufficient funds tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature/information and in the process of data collection (statistical data from World Bank).

Time constraint- The researcher will simultaneously engage in this study with other academic work. Consequently, this will cut reduce the time devoted for the research work.

1.8 DEFINITION OF TERMS

Foreign Direct Investment: Is a controlling ownership in a business enterprise in one country by an entity based in another country.

Hospitality: The friendly and generous reception and entertainment of guests, visitors, or strangers.


Get The Complete Project »

Project Department:

MORE TOURISM AND HOSPITALITY MANAGEMENT FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED TOURISM AND HOSPITALITY MANAGEMENT FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN ASSESSMENT OF TOURIST ATTRACTION DEVELOPMENT AND CONSUMER BEHAVIOUR IN AKWA AKWA IBOM STATE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 52 ::   Attributes: Questionnaire, Data Analysis  ::   4255 engagements

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY In Nigeria today and the world at large, the rate of growth of tourism is proportional to the level of economic development in destination countr...Continue reading »

A CRITICAL STUDY ON THE HARZARDS OF INVESTIGATIVE JOURNALISM IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 60 ::   Attributes: Questionnaire, Data Analysis

ABSTRACT This study was intended to critically study the hazards of investigative journalism in Nigeria. This study was guided by the following objectives; to examine the difficulties and problems fa...Continue reading »

ASSESSING THE CHALLENGES OF HOSPITALITY AND TOURISM INDUSTRY

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 40 ::   Attributes: Questionnaire, Data Analysis  ::   4609 engagements

CHAPTER ONE 1.0 INTRODUCTION The rate of growth of the hospitality industry in Nigeria is becoming alarming thereby increasing the level of competition in this very industry. Most hotels in Nigeria ...Continue reading »

HAZARDS AND PROSPECTS OF JOURNALISM IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 30 ::   Attributes: Questionnaire, Data Analysis

CHAPTER ONE GENERAL BACKGROUND HISTORY OF JOURNALISM Journalism can described as day-to-day activities or operation of gathering and transmitting of a news or information to a large audience thr...Continue reading »

REPOSITIONING CULTURE AND TOURISM IN A DIVERSIFIED ECONOMY: A CASE STUDY OF NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis  ::   1937 engagements

CHAPTER ONE INTRODUCTION Background of the study Nigeria so much depends on her oil that she forgets the other natural endowments she is blessed with; earning her the name a “mono-economy&rdqu...Continue reading »

THE IMPACT OF ICT APPLICATIONS ON THE HOSPITALITY AND TOURISM INDUSTRY (A CASE STUDY OF TINAPA RESORT CENTER)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 60 ::   Attributes: Questionnaire, Data Analysis  ::   2678 engagements

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY The Nigeria tourist attraction center has improved significantly with the advancement in the level of technology. The tourism and hospitality in...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Michael G. from FUTO said "Good job boys!!! Great content. You guys just saved me. God bless u...".
    Rating: Very Good
  • 2. Favour from Ui said "I must say a job well done...Thanx so much for being honest..I will surely introduce your platform to my friends...".
    Rating: Very Good
  • 3. Anderson from ABU said "thank you so much for great delivery. God will continue to bless you business. your website will always gain favour and growth from God...thank you".
    Rating: Excellent
  • 4. Adegboyega from ridwan said ""i like the confidence you guys installed in me. i never knew there are still some good people in Nigeria; my job was delivered on time as promised ".
    Rating: Excellent
  • 5. Oreokuwa Seun from KSU said "thank you for delivering as promised. though there was a one day delay but I got my work and it has great quality. Thank you Mr Donald. Thank you miss love. God bless you".
    Rating: Very Good
  • 6. Danladi Isa from ABU said "thank you uniprojectmaterials.com, all I can say is thank you for being reliable. I appreciate.".
    Rating: Excellent

Paper Information

Format:ms word
Chapter:1-5
Pages:115
Attribute:Secondary Data Analysis,abstract, table of content, references
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives