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

Belucio, Matheus; Fuinhas, José Alberto; Banks, Liberato; Antunes, José; Fernandes, Fábio

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 th...


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