Real Wage as Determinant of Labour Productivity in the Mexican Tourism
European Journal of Tourism Research, Vol. 3, No. 1, pp. 67-76
Posted: 11 May 2011
Date Written: November 28, 2008
Abstract
In this paper we study the effects of real wage on labour productivity for the Mexican Tourism sector. Using yearly data from 1970 to 2004, we find a cointegration relationship showing that average labour productivity depends positively on the real wage. We also show that real wage is weak exogenous and causes labor productivity. Moreover, the impulse-response function shows that a positive shock in real wages produces a small negative effect in productivity for two years followed by a large positive one.
Suggested Citation: Suggested Citation
Brida, Juan Gabriel and Risso, Wiston Adrián and Sanchez Carrera, Edgar Javier, Real Wage as Determinant of Labour Productivity in the Mexican Tourism (November 28, 2008). European Journal of Tourism Research, Vol. 3, No. 1, pp. 67-76, Available at SSRN: https://ssrn.com/abstract=1308577
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