The tourism in Latin America and Caribbean: A Panel VAR evidence

نویسندگان

چکیده

In the late twentieth century, increase in globalization was vital for tourism industry. The industry is commonly understood as essential several economies. this study, through a Panel Vector Autoregressive composed of 26 countries Latin America and Caribbean, there relationship between Gross Domestic Product tourism, Product, decomposition KOF Globalization Index (social, economic, political), public investment, exchange rate, population. time horizon empirical analysis comprises annual information from 1995 to 2015. results show bidirectional social investment. addition, evidence shows other important results: contribute discussions on providing theoretical basis that contributes deci sion-making private agents.

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ژورنال

عنوان ژورنال: Turizam

سال: 2022

ISSN: ['1450-6661', '1821-1127']

DOI: https://doi.org/10.5937/turizam26-30985