Causalidad entre turismo y crecimiento económico de largo plazo: una revisión crítica de la literatura econométrica

Causality between tourism and long-term economic growth: a critical review of the econometric literature

Juan Brida, Juan Pereyra (), María Jesús Such and Manuela Pulina

MPRA Paper from University Library of Munich, Germany

Abstract: This work contains a critical review of main econometric studies that have addressed the analysis of causality between tourism and long-term economic growth. These studies have employed a variety of methodologies, models such as VAR, VECM, ARDL, ARCH, GARCH, cross section and panel data. In general using a test of cointegration of economic variables as a way to test Granger causality. This work shows that in the cases reviewed there is strong empirical evidence for the hypothesis of tourism's long-term economic growth. However, this does not allow general conclusions on policy and planning implications. Additionally, the study shows that the values of the elasticity of economic growth from tourism are significant different between countries.

Keywords: tourism; economic growth; Granger’s causality (search for similar items in EconPapers)
JEL-codes: C30 F43 L83 (search for similar items in EconPapers)
Date: 2011, Revised 2011
New Economics Papers: this item is included in nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/37332/1/MPRA_paper_37332.pdf original version (application/pdf)

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:pra:mprapa:37332

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().