ANÁLISIS DEL TOURISM LED GROWTH HYPOTHESIS: CASO ECUADOR

Abstract

Tourism is one of the main determinants of economic growth in many developing countries. The objective of this research is to establish whether there is a long-term relationship between tourism and economic growth in Ecuador. In the literature it was determined that the variables to be used would be GDP, international tourism receipts and real exchange rate. The data were taken from the Quarterly National Accounts, the Balance of Payments Bulletin and monthly statistical bulletin of the Central Bank respectively. A descriptive and econometric method for the analysis of the selected data was used. The econometric results show that tourism has a long-term relationship with economic growth, and that this relationship is also supported by a competitive exchange. Therefore, is necessary a further promotion by the private sector besides the public in this industry, which aims to be one of the drivers of economic growth in Ecuador