Demanda de turismo de Europa a México, 2005-2018: un análisis de cointegración

Tourism Demand from Europe to Mexico, 2005–2018: A Cointegration Analysis

José César Lenin Navarro Chávez Mario Gómez

Revista Nicolaita de Estudios Económicos, 2019, vol. XIV, issue 2, 135-143

Abstract: This paper analyzes tourism demand in the countries of Europe for Mexi-co from 2005 to 2018. Unit root and cointegration tests in panel data are applied. Results indicate that there is presence of unit roots in the variables. A long-term equilibrium relationship was found among tourism demand, real exchange rate, and income, and also there are bidirectional causality relation-ships between these variables. The positive relationship among the variables implies that a depreciation of the domestic currency and a higher level of income of the releasing countries would generate greater tourism demand in Mexico.

Keywords: tourism demand; panel data; cross section dependence; panel cointegration; causality. (search for similar items in EconPapers)
JEL-codes: C13 C31 C33 C54 D12 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:rnicee:023023

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