Tourism demand in Mexico is around 80 percent represented by USA visitors. The goal of this paper is to explain the long-term effects of Tourism Demand in Mexico with respect to US visitors. To reach our goal the methodology of this paper follows the Johansen cointegration analysis and using...

This paper studies the relationships between tourism and economic growth through a dynamic model showing how the time preference affect the investment in a economic sector based on natural resources as tourism. Assuming extreme values, it is possible to verify that a high time preference or...

This paper analyses the regional convergence of sub-national states in the case of Mercosur from 1961 to 2005 by using a non-parametric techniques of clustering under the concept of regime of performance. That is, the convergence between two regions is established by the approximation of their...

Between 1985 and 1998, the growth rate of Chile was among the top four in the world (Massad, 2002, Gallego and Loayza, 2002) showing, moreover, a very heterogeneous behavior at regional level. The objective of this paper is to analyze how dissimilar are the economic performance of Chilean...

This work extends the Sard-Smale Theorem to maps between convex subsets of Banach spaces that may have an empty interior.

This work extends the Sard-Smale Theorem to maps between convex subsets of Banach spaces that may have an empty interior.

This paper provides an extended framework to study general equilibrium theory with commodity spaces possibly of infinite dimensions. Our approach overcomes some difficulties found in the literature since it allows the study of the equilibrium when consumption sets may have an empty interior. It...

In this short paper we analyze the impact of tourist demand in hotel rooms on the investment of hotels on environmental quality. We show that when income of the tourists increases, then to maintain the demand for rooms, the hotels must in-crease the investment on the environmental quality of the...

This paper models the dynamic of a sector where firms imitate the technology of leading firms. While it would seem natural to expect that managers will aim at producing with the technology that produces the highest benefits, if many other managers also follow this behavior, the market structure...