External Trade, Tourism and Economic Integration in Latin America

We analyse the positive effects of industry, external trade and tourism on economic development, with a comparative study of twenty-two Latin American countries and an especial reference to the case of MERCOSUR and Andean Community. Besides tourism the industrial evolution is also very important to improve the development of services through some intersectoral relations. Our econometric model shows an important positive impact on the services sector of the industry and the tourism, which is included in the exports of the sector services.