Research Note: The Tourism-Led Growth Hypothesis for Uruguay

Research Note: The Tourism-Led Growth Hypothesis for Uruguay

This paper analyses the effects of tourism on the long-run economic growth of Uruguay. Using quarterly data from 1987.I to 2006.IV, the study uses cointegration analysis and shows the existence of a cointegrated vector among Uruguayan real per capita GDP, Argentinean tourism expenditure (the princip...

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Veröffentlicht in:Tourism economics : the business and finance of tourism and recreation 2010-09, Vol.16 (3), p.765-771
Hauptverfasser: Brida, Juan Gabriel, Lanzilotta, Bibiana, Lionetti, Stefania, Risso, Wiston Adrián
Format: Artikel
Sprache:eng
Schlagworte:
Causality
Cointegration analysis
Economic growth
Economic impact analysis
Expenditures
GDP
Government spending
Gross Domestic Product
Hypotheses
Leisure economics
Leisure expenditure
Leisure industry
Studies
Tourism
Uruguay
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Beschreibung
Zusammenfassung:This paper analyses the effects of tourism on the long-run economic growth of Uruguay. Using quarterly data from 1987.I to 2006.IV, the study uses cointegration analysis and shows the existence of a cointegrated vector among Uruguayan real per capita GDP, Argentinean tourism expenditure (the principal source of tourism in Uruguay) and real exchange rate between Uruguay and Argentina. It also shows that there is a positive causality relationship between Argentinean tourism expenditure and real per capita GDP of Uruguay. Finally, the authors compare this study with similar papers investigating the tourism-led growth hypothesis.
ISSN:1354-8166
2044-0375
DOI:10.5367/000000010792278356