The purpose of this study is to investigate the contribution of tourism to economic growth in Colombia. First, we perform an ex-post analysis and quantify the contribution of the tourism to economic growth from the early 90’s until 2006 by disaggregating growth of real GDP per capita into...

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...

Cornerstone economic growth models as the Solow-Swan model and their modern extensions normally assume the rate of population growth as exogenous without any explanation of the links between economic growth and most important demographic variables. Recently, some articles have presented models...

In this paper we introduce a new method to describe dynamical patterns of the real exchange rate movements time series and to analyze contagion in currency crisis. The method combines the tools of Symbolic Time Series Analysis with the nearest neighbor single linkage clustering algorithm. Data...

In this paper we study the effects of real wage on labour productivity for the Mexican Tourism sector. Using yearly data from 1970 to 2004, we find a cointegration relationship showing that average labour productivity depends positively on the real wage. We also show that real wage is weak...

The present short paper considers the cruising expenditure in Costa Rica as a key variable in the economic analysis of the cost and benefits associated with the cruise industry. We use cross sectional dimension for 2008 to analyze the different variables influencing expenditure levels....

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...

Using the methodology suggested by Box and Jenkins (1970) we compare two SARIMA models for the overnight stays of the tourist in South Tyrol. We applied a seasonal unit root test suggesting that there is not seasonal unit root in the series. However, the best of the two models predicting the...

This paper describes the dynamics of the economic performance of the sub-national Mexican states from 1970 to 2006; the used state variables are the levels and the growth rates of the GDP per capita. The authors situate his approach in a conceptual and methodological panorama of the existent...