Eugenio-Martín, Juan Luis; Morales, Noelia Martín; … - 2004
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 …