is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant …

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …

An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study … on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the … results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring …

This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and …, it finds that U.S. shocks explain a large share of Mexico's macroeconomic fluctuations after NAFTA. This partly reflects … greater trade integration-but also Mexico's "Great Moderation," as the country escaped its former pattern of macro …

differentials and nonlinearities in the behavior of sectoral real exchange rates across Mexico, Canada and the U.S. Interpreting … price threshold bands as transactions costs, we find evidence that Mexico still face higher transaction costs than their …

estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico …

This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and …, it finds that U.S. shocks explain a large share of Mexico's macroeconomic fluctuations after NAFTA. This partly reflects … greater trade integration-but also Mexico's ""Great Moderation,"" as the country escaped its former pattern of macro …

differentials and nonlinearities in the behavior of sectoral real exchange rates across Mexico, Canada and the U.S. Interpreting … price threshold bands as transactions costs, we find evidence that Mexico still face higher transaction costs than their …