The Tourism-Led-Growth Hypothesis for Uruguay

Tourism Economics, Vol. 16, No. 3, pp. 765-771, 2010

6 Pages Posted: 26 Jan 2009 Last revised: 9 May 2011

See all articles by Juan Gabriel Brida

Juan Gabriel Brida

Universidad de la República

Wiston Adrián Risso

University of Siena - Department of Economics

Bibiana Lanzilotta

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

Stefania Lionetti

University of Lugano

Date Written: January, 26 2009

Abstract

This short paper analyses the effects in the long-run of tourism on the 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. We also show that the causality relationship goes positively in one way from Argentinean tourism expenditure to real per capita GDP of Uruguay. Finally, we compare our study with similar papers also investigating the TLGH.

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

JEL Classification: C22, E01, F43, L83, O54

Suggested Citation

Brida, Juan Gabriel and Risso, Wiston Adrián and Lanzilotta, Bibiana and Lionetti, Stefania, The Tourism-Led-Growth Hypothesis for Uruguay (January, 26 2009). Tourism Economics, Vol. 16, No. 3, pp. 765-771, 2010. Available at SSRN: https://ssrn.com/abstract=1333102

Juan Gabriel Brida (Contact Author)

Universidad de la República ( email )

Av. 18 de Julio
Montevideo, 1968
Uruguay

Wiston Adrián Risso

University of Siena - Department of Economics ( email )

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

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

Stefania Lionetti

University of Lugano ( email )

Via Sole 14
CH-6904 Lugano, Ticino 6900
Switzerland

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