Resumen

CANDIAS, Karen; LETICIA ROJAS, Mara  y  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.

Palabras clave : Tourism; Growth; Latin America and the Caribbean; cointegration; Granger causality test.

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