Tourism and Economic Growth: The Case of Uruguay

PASOS: Revista de Turismo y Patrimonio Cultural, Vol. 6, No. 3, pp. 481-492, 2008

21 Pages Posted: 6 Feb 2008 Last revised: 16 Jun 2011

See all articles by Juan Gabriel Brida

Juan Gabriel Brida

Universidad de la República

Bibiana Lanzilotta

Instituto de Economía - FCEA UdelaR; Centro de Investigaciones Economicas (CINVE - Uruguay)

Wiston Adrián Risso

University of Siena - Department of Economics

Date Written: June 3, 2011

Abstract

Argentine is the principal source of tourism in the Uruguayan case. Its effects in the economic growth is analyzed in the present paper by using quarterly data from 1987.I to 2006.IV. Co-integration analysis shows the existence of one cointegrated vector among real per capita GDP, Argentinean tourism expenditure, and real exchange rate between Uruguay and Argentine. Granger-causality test suggests that causality positively goes in one way from expenditure to real per capita GDP.

Note: Downloadable document is in Spanish.

Keywords: economic growth, tourism earnings, Johansen cointegration, test, Granger causality

JEL Classification: O10, L83, C22

Suggested Citation

Brida, Juan Gabriel and Lanzilotta, Bibiana and Risso, Wiston Adrián, Tourism and Economic Growth: The Case of Uruguay (June 3, 2011). PASOS: Revista de Turismo y Patrimonio Cultural, Vol. 6, No. 3, pp. 481-492, 2008, Available at SSRN: https://ssrn.com/abstract=1016074

Juan Gabriel Brida (Contact Author)

Universidad de la República ( email )

Av. 18 de Julio
Montevideo, 1968
Uruguay

Bibiana Lanzilotta

Instituto de Economía - FCEA UdelaR ( email )

Montevideo
Uruguay

Centro de Investigaciones Economicas (CINVE - Uruguay) ( email )

Uruguay 1242
Montevideo, 11100
Uruguay

HOME PAGE: http://www.cinve.org.uy

Wiston Adrián Risso

University of Siena - Department of Economics ( email )

Piazza S. Francesco, 7
Siena, I-53100
Italy
00390577235058 (Phone)

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