Please use this identifier to cite or link to this item: https://hdl.handle.net/10316/106525
Title: The tourism in Latin America and Caribbean: A Panel VAR evidence
Authors: Belucio, Matheus
Fuinhas, José Alberto 
Banks, Liberato
Antunes, José
Fernandes, Fábio
Keywords: Tourism GDP; GDP; Latin America and the Caribbean; Globalization; Panel Vector Autoregressive
Issue Date: 2022
Project: info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID/ECO/04007/2019/PT/Center for Advanced Studies in Management and Economics 
info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID/GES/04630/2013/PT/Research Unit in Business Sciences 
UIDB/05037/2020 
metadata.degois.publication.title: Turizam
metadata.degois.publication.volume: 26
metadata.degois.publication.issue: 4
Abstract: In the late twentieth century, the increase in globalization was vital for the tourism industry. The tourism industry is commonly understood as essential for several economies. In this study, through a Panel Vector Autoregressive composed of 26 countries in Latin America and the Caribbean, there was a relationship between the Gross Domestic Product of tourism, the Gross Domestic Product, the decomposition of the KOF Globalization Index (social, economic, and political), public investment, the exchange rate, and the population. The time horizon for the empirical analysis comprises annual information from 1995 to 2015. The results show a bidirectional relationship between social globalization and public investment. In addition, evidence shows other important results: Gross Domestic Product and Gross Domestic Product of tourism, Gross Domestic Product of tourism and public investment, and Gross Domestic Product and public investment. The empirical results contribute to the discussions on tourism in Latin America and the Caribbean, providing a theoretical basis that contributes to the decision- making of public and private agents.
URI: https://hdl.handle.net/10316/106525
ISSN: 1450-6661
1821-1127
DOI: 10.5937/turizam26-30985
Rights: openAccess
Appears in Collections:I&D CeBER - Artigos em Revistas Internacionais

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