Unemployment and growth in the tourism sector in Mexico: Revisiting the growth-rate version of Okun's law

Artikel

In this paper, we analyze, by means of the difference version of Okun's law, the relationship between tourism sector growth and unemployment in Mexico during the period 2000Q2-2018Q4. The results show that tourism growth is a palliative for unemployment, whereas unemployment reduces the growth of the tourism sector. The results also show that the relationship between the mentioned variables becomes stronger during an economic crisis and weaker during expansion periods.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economies ; ISSN: 2227-7099 ; Volume: 7 ; Year: 2019 ; Issue: 3 ; Pages: 1-17 ; Basel: MDPI

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Tourism and Development ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Tourism and Development
• Subject: unemployment ; Okun’ ; s law ; structural vector autoregressive model ; tourism volume index

Contributors, Location and Time

• Event: Geistige Schöpfung
• (who): Sanchez Lopez, Fernando
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2019

Further information

• DOI: doi:10.3390/economies7030083
• Handle: http://hdl.handle.net/10419/257015
• Last update: 20.09.2024, 8:21 AM CEST