We consider the relationship between tourism and economic growth for Latin American countries since 1985 until 1998 …. The analysis proposed is based on a panel data approach and the Arellano-Bond estimator for dynamic panels. We obtain … variables. We show that the tourism sector is adequate for the economic growth of medium or low-income countries, though not …

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …