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....

Based on a microeconomic theory framework, this paper explores in what extent the visit to a museum influences visitors' informal learning. Empirically, a Heckman selection model has been employed that allows one to draw causal inferences in the observational setting. Survey data were collected...

We introduce a model of tourism choice where we consider that the choice of a tourism resort by a tourist, depends not only on the characteristics of the product offered by the resort but depends also on certain characteristics -crowding types- of the other tourists that have chosen the same...

In this paper we introduce a new method to describe dynamical patterns of multidimensional time. The method combines the tools of Symbolic Time Series Analysis with the nearest neighbor single linkage clustering algorithm. Data symbolization allows to obtain a metric distance between two...

The present paper argues that, in line with Nelson-Phelps (1966), there exist important complementaries among educational attainment, R and D activities (and their derived innovations) and economic growth, although subject to a “skill-loss effect†( -effect), due to the presence of...

In this paper we introduce a dynamic model to study the macroeconomic effects of advertising activities in tourism. The agents of the model are a representative consumer which optimize their intertemporal welfare, a representative firm that produces tourism services, an authority which organizes...

This paper reformulates the neoclassical Solow-Swan model of economic growth in discrete time by introducing a generic population growth law that verifies the following properties: 1) population is strictly increasing and bounded 2) the rate of growth of population is decreasing to zero as time...

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

In standard economic growth theory it is assumed that labor force follows exponential growth, a not realistic assumption. As described in Maynard Smith (1974), the growth of natural populations is more accurately depicted by a logistic growth law. In this paper we analyze how the Ramsey growth...

This paper study the relationships between tourism and economic growth by introducing a dynamic model whose ingredients are an economy producing a non-traded consumption good consumed by domestic residents and foreign tourists and a capital good. The model analyses the relationships between...