Stefania Lionetti () (IRE, Facolta' di Scienze Economiche, University of Lugano, Switzerland) Juan Gabriel Brida () (School of Economics and Management - Free University of Bolzano, Italy) Wiston Adrián Risso () (Department of Economics - University of Siena, Italy)
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Argentina is the principal source of tourism in Uruguay. This paper analyzes the effects in the long run of tourism from Argentina on the economic growth of Uruguay. Using quarterly data from 1987.I to 2006.IV, the study uses co-integration analysis and shows the existence of one cointegrated vector among Uruguayan real per capita GDP, Argentinean tourism expenditure, and real exchange rate between Uruguay and Argentina, and tests that the causality relationship positively goes in one way from Argentinean tourism expenditure to real per capita GDP of Uruguay.
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Find related papers by JEL classification: C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
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