This short paper analyzes the effects in the long-run between tourism and the economic growth in the regions of Antioquia, Bolivar, Bogotá, Magdalena and San Andrés-Providencia of Colombia. Using annual data from 1990 to 2005, the study uses cointegration analysis to analyze the existence of...

This paper investigates the causal relations between tourism growth, relative prices and economic expansion for the Trentino-Alto Adige/Südtirol, a region of northeast Italy bordering on Switzerland and Austria. Johansen cointegration analysis shows the existence of one cointegrated vector...

This short paper analyses the effects in the long-run of tourism on the economic growth of Uruguay. Using quarterly data from 1987.I to 2006.IV, the study uses cointegration analysis and shows the existence of a cointegrated vector among Uruguayan real per capita GDP, Argentinean tourism...

This study proposes to examine the impact of tourism activity on the economic growth of Morocco and Tunisia. We contribute here to the empirical literature on the tourism-led growth (TLG) hypothesis, by adopting the error correction model framework, the cointegration and Granger Causality tests...

For over a decade now, various efforts have been put in place by various governments of the developing economies to promote economic growth, financial development and expand trade with mixed results. The ability of financial development and/or trade openness to influence economic growth in the...

For over a decade now, various efforts have been put in place by various governments of the developing economies to promote economic growth, financial development and expand trade with mixed results. The ability of financial development and/or trade openness to influence economic growth in the...

The relationship of economic growth with financial development and trade openness is analyzed with annual time-series data for Bolivia during the 1940-2010 period. The analysis is an advance over previous work in several ways. First, the hypothesis of a long-run relationship between these...

The relationship of economic growth with financial development and trade openness is analyzed with annual time-series data for Bolivia during the 1940-2010 period. The analysis is an advance over previous work in several ways. First, the hypothesis of a long-run relationship between these...

The aim of this paper is to evaluate the empirical validity of the principle of the effective demand in the long run in Argentina from 1980 to 2007 using the Sraffian Supermultiplier model (Serrano, 1995). This will be done through the cointegration analysis using the Johansen method. The...

The issue of foreign direct investment (FDI) has been affecting the world economy for years and is a considerable subject for both developed and developing countries. FDI is the fixed form of international business operation made across the national borders made mostly by the multi national...