Research note:The tourism-led growth hypothesis for Uruguay

• Juan Gabriel Brida ^[1] ; Bibiana Lanzilotta ; Stefania Lionetti ^[2] ; Wiston Adrián Risso ^[3]
  1. [1] Free University of Bozen-Bolzano

     Free University of Bozen-Bolzano

     Bolzano, Italia

     
  2. [2] Universita della Svizzera italiana

     Universita della Svizzera italiana

     Lugano, Suiza

     
  3. [3] Università degli Studi di Siena

     Università degli Studi di Siena

     Siena, Italia

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 16, Nº. 3, 2010, págs. 765-771
• Idioma: inglés
• DOI: 10.5367/000000010792278356
• Texto completo no disponible (Saber más ...)
• Dialnet Métricas: 4 Citas
• Resumen

  • 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.