Resumo

CANDIAS, Karen; LETICIA ROJAS, Mara  e  LONDON, Silvia. Tourism and growth in Latin America and the Caribbean: cause or consequence?. Revista de coyuntura y perspectiva [online]. 2020, vol.5, n.3, pp.99-135. ISSN 2415-0622.

Abstract The main goal of the work is to corroborate the existence of a long-time relationship between tourism revenues (as percentage of total exports) and the product per capita growth for the Latin America and the Caribbean economies during 1995-2017. Unit root proves, cointegration tests and Granger causality test are employed. The study seeks to determine if tourism cause growth, growth cause tourism or there exists a bidirectional relationship. The outcomes highlight only 10 countries out of 33 shown a long-time stable relationship between tourism and growth. Considering the analysis by sub-regions, 6 economies belong to the Caribbean area and 4 to the Latin America. Tourism seems to be an important tool for the growth of insular and little countries and shows some particularities for the cases of Brazil and Argentina.

Palavras-chave : Tourism; Growth; Latin America and the Caribbean; cointegration; Granger causality test.

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