Unemployment and growth in the tourism sector in Mexico : revisiting the growth-rate version of Okun’s law

Fernando Sánchez López

In this paper, we analyze, by means of the difference version of Okun's law, the relationship between tourism sector growth and unemployment in Mexico during the period 2000Q2-2018Q4. The results show that tourism growth is a palliative for unemployment, whereas unemployment reduces the growth of the tourism sector. The results also show that the relationship between the mentioned variables becomes stronger during an economic crisis and weaker during expansion periods.

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Year of publication:	2019
Authors:	Sánchez López, Fernando
Published in:	Economies : open access journal. - Basel : MDPI, ISSN 2227-7099, ZDB-ID 2704214-5. - Vol. 7.2019, 3/83, p. 1-17
Subject:	unemployment \| Okun’s law \| structural vector autoregressive model \| tourism volume index \| Arbeitslosigkeit \| Unemployment \| Okunsches Gesetz \| Okun's law \| Tourismus \| Tourism \| Mexiko \| Mexico \| Wirtschaftswachstum \| Economic growth \| VAR-Modell \| VAR model \| Theorie der Arbeitslosigkeit \| Unemployment theory

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3390/economies7030083 [DOI] hdl:10419/257015 [Handle]
Classification:	C32 - Time-Series Models ; E24 - Employment; Unemployment; Wages ; O47 - Measurement of Economic Growth; Aggregate Productivity ; z32
Source:	ECONIS - Online Catalogue of the ZBW

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