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

Brida, Juan Gabriel and Pereyra, Juan Sebastián and Such, María Jesús and Pulina, Manuela (2011): Causalidad entre turismo y crecimiento económico de largo plazo: una revisión crítica de la literatura econométrica.

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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.

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