Tourism is one of the most important factors in the productivity of the Mexican economy with significant multiplier effects on economic activity. This paper investigates possible causal relationships between tourism expenditure, real exchange rate and economic growth by using quarterly data....

Cornerstone economic growth models as the Solow-Swan model and their modern extensions normally assume the rate of population growth as exogenous without any explanation of the links between economic growth and most important demographic variables. Recently, some articles have presented models...