Research Note: The Tourism-Led Growth Hypothesis for Uruguay

Juan Brida, Bibiana Lanzilotta, Stefania Lionetti and Wiston Adrián Risso
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Wiston Adrián Risso: Department of Economics, University of Siena, Siena, Italy

Tourism Economics, 2010, vol. 16, issue 3, 765-771

Abstract: 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.

Keywords: economic growth; tourism earnings; Johansen cointegration test; Granger causality; Uruguay (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:16:y:2010:i:3:p:765-771

DOI: 10.5367/000000010792278356

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