Unemployment and growth in the tourism sector in Mexico: Revisiting the growth-rate version of Okun's law

Unemployment and growth in the tourism sector in Mexico: Revisiting the growth-rate version of Okun's law

In this paper, we analyze, by means of the difference version of Okun's law, the relationship between tourism sector growth and unemployment in Mexico during the period 2000Q2-2018Q4. The results show that tourism growth is a palliative for unemployment, whereas unemployment reduces the growth...

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Veröffentlicht in:Economies 2019-09, Vol.7 (3), p.1-17
1. Verfasser: Sanchez Lopez, Fernando
Format: Artikel
Sprache:eng
Schlagworte:
American dollar
Economic conditions
Economic growth
Employment
Expenditures
Foreign exchange rates
GDP
Gross Domestic Product
Growth models
Job creation
Okun&#x2019
Okun’s law
s law
structural vector autoregressive model
Tourism
Tourism development
tourism volume index
Unemployment
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Beschreibung
Zusammenfassung:In this paper, we analyze, by means of the difference version of Okun's law, the relationship between tourism sector growth and unemployment in Mexico during the period 2000Q2-2018Q4. The results show that tourism growth is a palliative for unemployment, whereas unemployment reduces the growth of the tourism sector. The results also show that the relationship between the mentioned variables becomes stronger during an economic crisis and weaker during expansion periods.
ISSN:2227-7099
2227-7099
DOI:10.3390/economies7030083