Tourism demand from Europe to Mexico, 2005-2018: A cointegration analysis



Document title: Tourism demand from Europe to Mexico, 2005-2018: A cointegration analysis
Journal: Revista nicolaita de estudios económicos
Database: CLASE
System number: 000523237
ISSN: 1870-5464
Authors:

Year:
Volumen: 14
Number: 2
Pages: 135-143
Country: México
Language: Español
Document type: Artículo
Approach: Analítico, descriptivo
Spanish abstract There are several factors that have been characterizing and defining tourism as one of the productive activities best consolidated by its multiplier effect, which contributes to the economic and social development of the entire world (World Tourism Organization, 2014). Within the world economy, tourism demand, which can be defined as the number of tourists traveling to a country, has become an important element that can help generate welfare for the population (World Tourism Organization, 2017). Mexico is a country that, according to its important geodiversity and millenary culture, has a privileged place in terms of tourism. That is, there is an enormous amount of tourist resources that have a series of characteristics that make Mexico one of the most visited countries worldwide, in the eighth place ranked by the arrival of international tourists (World Tourism Organization, 2017)
English abstract This paper analyzes tourism demand in the countries of Europe for Mexico from 2005 to 2018. Unit root and cointegration tests in panel data are applied. Results indicate that there is presence of unit roots in the variables. A long-term equilibrium relationship was found among tourism demand, real exchange rate, and income, and also there are bidirectional causality relationships between these variables. The positive relationship among the variables implies that a depreciation of the domestic currency and a higher level of income of the releasing countries would generate greater tourism demand in Mexico
Disciplines: Economía
Keyword: Condiciones económicas,
Europa,
México,
Turismo,
Demanda turistica,
Cointegración,
Datos de panel,
Causalidad
Full text: https://biblat.unam.mx/hevila/Revistanicolaitadeestudioseconomicos/2019/vol14/no2/7.pdf