This paper studies the impacts on economic growth of a small tourism driven economy caused by an increase in the growth rate of international tourism demand. We present a formal model and empirical evidence.The ingredients of the dynamic model are a large population of intertemporally optimizing...

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....

International tourism is an important foreign exchange earner and an export for many low income countries as well as for developed ones. Nowadays many developing countries pay attention to economic policies for promoting international tourism as a potential strategic factor to development and...

In this paper we investigate the contribution of tourism to economic growth in Colombia. We first use the growth of real GDP per capita disaggregating it into economic growth generated by tourism and by other industries. This measure gives information of past performance of tourism in Colombia...

Argentine is the principal source of tourism in the Uruguayan case. Its effects in the economic growth is analyzed in the present paper by using quarterly data from 1987.I to 2006.IV. Co-integration analysis shows the existence of one cointegrated vector among real per capita GDP, Argentinean...