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...

Modern theories of economic growth recognize human capital as the main factor of growth. Strong investments of countries in education and research are justified by this fact. However, there are few studies analyzing the interaction between the development of human capital and the economic growth...

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

The present paper argues that, in line with Nelson-Phelps (1966), there exist important complementarities among educational attainment, Ramp;D activities (and their derived innovations) and economic growth, although subject to a quot;skill-loss effectquot; (delta;-effect), due to the presence of...

Tourism is one of the most important factors in the productivity of the Mexican economy with significant multiplier effects on economic activity. This paper investigates possible causal relationships between tourism expenditure, real exchange rate and economic growth by using quarterly data....

In this paper we combine the Symbolic Time Series methods (Daw et. al., 2003) with the nearest neighbour single linkage clustering algorithm (Mantegna, 1999) to describe dynamics and structure of a set of stocks. We start with a partition of the time series state space; we label each piece of the...

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...

International tourism is an important foreign exchange earner and an export for many low income countries as well as for developed ones. Nowadays many developing countries pay attention to economic policies for promoting international tourism as a potential strategic factor to development and...

The aim of this paper is to study the economic dynamics of a set of countries of the American continent during the period 1951-2003. We introduce an alternative concept of growth convergence based on the notion of dynamic regimes. Regimes are defined in the state space of growth rates and real...

In this paper we empirically analyze the phenomena of indebtedness of the main companies belonging to the Spanish hotel industry. In particular, we introduce a method to analyze the structure and dynamics of the largest companies in this sector. The method combines the Pearson correlation...