Econometric model of Services Sector Development and Impact of Tourism in Latin American Countries

Eva Aguayo, Pilar Exposito () and Nelida Lamelas ()

Applied Econometrics and International Development, 2001, vol. 1, issue 2

Abstract: Over recent decades some Latin American countries have experienced an important development due to the positive effect of tourism on the services sector. Our model relates tourism with the increase of Value-Added in services, taking into account other important variables which influence the evolution of this sector and explain the important differences among developed and less developed countries. Besides tourism, the industrial evolution is also very important to improve the development of services through some inter-sector relations. The model suggests that some stagnation of services development in many countries is due largely to a lack of industrial investment, specially in countries with a low level of tourism. Our main conclusions are that both factors, industry and tourism, need to be increased generally to contribute to development of employment and production of the services sector. .

JEL-codes: C5 F0 L8 (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.usc.es/economet/reviews/aeid122.pdf
No

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eaa:aeinde:v:1:y:2001:i:2_2

Ordering information: This journal article can be ordered from
http://www.usc.es/economet/info.htm

Access Statistics for this article

More articles in Applied Econometrics and International Development from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().