Brida, Juan Gabriel; Pereyra, Juan S.; Risso, Wiston Adrián - Volkswirtschaftliche Fakultät, … - 2008
disaggregating growth of real GDP per capita into economic growth generated by tourism and by other industries. Second, we analyze if … using the cointegration test by Johansen and the Granger Causality test. We find empirical evidence for one cointegrated … vector among real GDP per capita, Colombian tourism expenditures and real exchange rates, where the latter two variables are …