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Research Note: The Tourism-Led Growth Hypothesis for Uruguay

Author

Listed:
  • Juan Gabriel Brida

    (School of Economics and Management, Free University of Bolzano, Via Sernesi 1, I-39100 Bolzano, Italy)

  • Bibiana Lanzilotta

    (Centro de Investigaciones Económicas (CINVE), Montevideo, Uruguay)

  • Stefania Lionetti

    (Institute for Economic Research (IRE), University of Lugano, Lugano, Switzerland)

  • Wiston Adrián Risso

    (Department of Economics, University of Siena, Siena, Italy)

Abstract

This paper analyses the effects of tourism on the long-run 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 expenditure (the principal source of tourism in Uruguay) and real exchange rate between Uruguay and Argentina. It also shows that there is a positive causality relationship between Argentinean tourism expenditure and real per capita GDP of Uruguay. Finally, the authors compare this study with similar papers investigating the tourism-led growth hypothesis.

Suggested Citation

  • Juan Gabriel Brida & Bibiana Lanzilotta & Stefania Lionetti & Wiston Adrián Risso, 2010. "Research Note: The Tourism-Led Growth Hypothesis for Uruguay," Tourism Economics, , vol. 16(3), pages 765-771, September.
    • Handle: RePEc:sae:toueco:v:16:y:2010:i:3:p:765-771
    DOI: 10.5367/000000010792278356
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    References listed on IDEAS

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    1. Elias Soukiazis & Sara Proença, 2008. "Tourism as an alternative source of regional growth in Portugal: a panel data analysis at NUTS II and III levels," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 7(1), pages 43-61, April.
    2. Nikolaos Dritsakis, 2004. "Tourism as a Long-Run Economic Growth Factor: An Empirical Investigation for Greece Using Causality Analysis," Tourism Economics, , vol. 10(3), pages 305-316, September.
    3. Charalambos Louca, 2006. "Income and Expenditure in the Tourism Industry: Time Series Evidence from Cyprus," Tourism Economics, , vol. 12(4), pages 603-617, December.
    4. Lokman Gunduz & Abdulnasser Hatemi-J, 2005. "Is the tourism-led growth hypothesis valid for Turkey?," Applied Economics Letters, Taylor & Francis Journals, vol. 12(8), pages 499-504.
    5. Juan Luis Eugenio-Martín & Noelia Martín Morales & Riccardo Scarpa, 2004. "Tourism and Economic Growth in Latin American Countries: A Panel Data Approach," Working Papers 2004.26, Fondazione Eni Enrico Mattei.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Juan Gabriel Brida & María Nela Seijas, 2012. "Cruise visitors' experience in Uruguay: an empirical survey study," Documentos de Investigación 72, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.
    2. Nikeel Kumar & Ronald Ravinesh Kumar & Radika Kumar & Peter Josef Stauvermann, 2020. "Is the tourism–growth relationship asymmetric in the Cook Islands? Evidence from NARDL cointegration and causality tests," Tourism Economics, , vol. 26(4), pages 658-681, June.
    3. Sung Yu-Chi, 2018. "Revisiting the Tourism-Led Growth Hypothesis in a Dual Model Using Mwald Granger Causality Analysis," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(8), pages 1102-1110, August.
    4. Konstantakopoulou, Ioanna, 2022. "Does health quality affect tourism? Evidence from system GMM estimates," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 425-440.
    5. Azam Muhammad & Mahdiat Mahdiat & Hafeez Muhammad Haroon & Bakhtyar Baher, 2022. "Investigating the Role of Tourism in Economic Growth: Empirical Evidence from Pakistan," Polish Journal of Sport and Tourism, Sciendo, vol. 29(1), pages 39-47, March.
    6. Viorica Chirilă & Gina Ionela Butnaru & Ciprian Chirilă, 2020. "Spillover Index Approach in Investigating the Linkage between International Tourism and Economic growth in Central and Eastern European Countries," Sustainability, MDPI, vol. 12(18), pages 1-36, September.
    7. Nasir Muhammad Ali & Wu Junjie & Guerrero José Calderón, 2015. "Economic Growth, Exchange Rate and Constrained Competiveness of the Tourism Sector in Andalucía," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 48(1), pages 84-100, December.
    8. Salah Eddine Sari Hassoun & Khayereddine Salim Adda & Asma Hadjira Sebbane, 2021. "Examining the connection among national tourism expenditure and economic growth in Algeria," Future Business Journal, Springer, vol. 7(1), pages 1-9, December.
    9. Rui Zhang & Yuqin Sun & Jiecao Jiang, 2023. "Factors Influencing the Spatial Spillovers of the Interprovincial Tourism Economy Based on Three-dimensional Distance: Evidence From China," SAGE Open, , vol. 13(3), pages 21582440231, August.
    10. Tang, Chor Foon, 2011. "Tourism, real output and real effective exchange rate in Malaysia: a view from rolling sub-samples," MPRA Paper 29379, University Library of Munich, Germany.
    11. Jitendra Sharma & Subrata Kumar Mitra, 2021. "Asymmetric relationship between tourist arrivals and employment," Tourism Economics, , vol. 27(5), pages 952-970, August.
    12. Juan Carlos Martín & Pedro Moreira & Concepción Román, 2020. "A hybrid-fuzzy segmentation analysis of residents’ perception towards tourism in Gran Canaria," Tourism Economics, , vol. 26(7), pages 1282-1304, November.
    13. Estefanía Galván & Cecilia Parada & Martina Querejeta & Soledad Salvador, 2021. "Licencias para el cuidado de los recién nacidos: Relevamiento internacional y análisis de la situación en Uruguay," Documentos de Trabajo (working papers) 21-17, Instituto de Economía - IECON.
    14. Ghassan Dibeh & Ali Fakih & Walid Marrouch, 2020. "Tourism–growth nexus under duress: Lebanon during the Syrian crisis," Tourism Economics, , vol. 26(3), pages 353-370, May.
    15. Herman Sahni & Christian Nsiah & Bichaka Fayissa, 2021. "The African economic growth experience and tourism receipts: A threshold analysis and quantile regression approach," Tourism Economics, , vol. 27(5), pages 915-932, August.
    16. Ronald Ravinesh Kumar & Peter Josef Stauvermann & Nikeel Kumar & Syed Jawad Hussain Shahzad, 2019. "Exploring the effect of ICT and tourism on economic growth: a study of Israel," Economic Change and Restructuring, Springer, vol. 52(3), pages 221-254, August.
    17. Pavlos Stamatiou, 2022. "Modeling Electricity Consumption for Growth in an Open Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 154-163, March.

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