Long run economic growth and tourism: inferring from Uruguay
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.
|Date of creation:||2009|
|Date of revision:|
|Contact details of provider:|| Web page: https://www.bul.sbu.usi.ch|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- McCallum, Bennett T., 1984.
"On low-frequency estimates of long-run relationships in macroeconomics,"
Journal of Monetary Economics,
Elsevier, vol. 14(1), pages 3-14, July.
- Bennett T. McCallum, 1983. "On Low-Frequency Estimates of "Long-Run" Relationships in Macro- economics," NBER Working Papers 1162, National Bureau of Economic Research, Inc.
- Jean-Jacques Nowak & Mondher Sahli & Pasquale M. Sgro, 2003.
"Tourism, Trade And Domestic Welfare,"
Pacific Economic Review,
Wiley Blackwell, vol. 8(3), pages 245-258, October.
- Isabel Cortes-Jimenez & Manuela Pulina, 2006. "Tourism and Growth: Evidence for Spain and Italy," ERSA conference papers ersa06p128, European Regional Science Association.
- Anne O. Krueger, 1980.
"Trade Policy as an Input to Development,"
NBER Working Papers
0466, National Bureau of Economic Research, Inc.
- Phillips, P.C.B., 1986.
"Understanding spurious regressions in econometrics,"
Journal of Econometrics,
Elsevier, vol. 33(3), pages 311-340, December.
- Peter C.B. Phillips, 1985. "Understanding Spurious Regressions in Econometrics," Cowles Foundation Discussion Papers 757, Cowles Foundation for Research in Economics, Yale University.
- repec:ebl:ecbull:v:3:y:2008:i:21:p:1-8 is not listed on IDEAS
- Jacint Balaguer & Manuel Cantavella-Jordá, 2000.
"Tourism As A Long-Run Economic Growth Factor: The Spanish Case,"
Working Papers. Serie EC
2000-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Jacint Balaguer & Manuel Cantavella-Jorda, 2002. "Tourism as a long-run economic growth factor: the Spanish case," Applied Economics, Taylor & Francis Journals, vol. 34(7), pages 877-884.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Edgar J Sanchez Carrera & W. Adrian Risso & Juan Gabriel Brida, 2008. "Tourism's Impact on Long-Run Mexican Economic Growth," Economics Bulletin, AccessEcon, vol. 3(21), pages 1-8.
When requesting a correction, please mention this item's handle: RePEc:lug:wpaper:0901. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alessio Tutino)
If references are entirely missing, you can add them using this form.