Long run economic growth and tourism: inferring from Uruguay

Stefania Lionetti, Juan Brida and Wiston Adrián Risso ()
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Wiston Adrián Risso: Department of Economics - University of Siena, Italy

Quaderni della facoltà di Scienze economiche dell'Università di Lugano from USI Università della Svizzera italiana

Abstract: Argentina is the principal source of tourism in Uruguay. This paper analyzes the effects in the long run of tourism from Argentina on the economic growth of Uruguay. Using quarterly data from 1987.I to 2006.IV, the study uses co-integration analysis and shows the existence of one cointegrated vector among Uruguayan real per capita GDP, Argentinean tourism expenditure, and real exchange rate between Uruguay and Argentina, and tests that the causality relationship positively goes in one way from Argentinean tourism expenditure to real per capita GDP of Uruguay.

Keywords: economic growth; tourism earnings; Johansen cointegration test; Granger causality (search for similar items in EconPapers)
JEL-codes: C22 E01 F43 L83 O54 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2009
New Economics Papers: this item is included in nep-mac and nep-tur
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Persistent link: https://EconPapers.repec.org/RePEc:lug:wpaper:0901

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