Research note: Tourism and economic growth in Latin American countries - further empirical evidence

• Bichaka Fayissa ^[1] ; Christian Nsiah ^[2] ; Bedassa Tadesse ^[3]
  1. [1] Middle Tennessee State University

     Middle Tennessee State University

     Estados Unidos

     
  2. [2] Black Hills State University

     Black Hills State University

     City of Spearfish, Estados Unidos

     
  3. [3] University of Minnesota, Duluth

     University of Minnesota, Duluth

     City of Duluth, Estados Unidos

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 17, Nº. 6, 2011, págs. 1365-1373
• Idioma: inglés
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• Resumen

  • Using panel data that span from 1990 to 2005, the authors investigate the impact of tourism on the economic growth of 18 heterogeneous Latin American countries within the framework of the conventional neoclassical growth model. Results from the empirical models show that revenues from the tourism industry contribute positively to both the current level and the growth rate of the per capita GDP of the countries in the region, as do investments in physical and human capital. The findings imply that Latin American economies may enhance their economic growth in the short run by strengthening their tourism industries strategically, while not neglecting the traditional sources of economic growth.