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Article

Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law

by
Fernando Sánchez López
Facultad de Ciencias, Universidad Nacional Autónoma de México, 04510 Ciudad de México, Mexico
Economies 2019, 7(3), 83; https://doi.org/10.3390/economies7030083
Submission received: 30 June 2019 / Revised: 26 July 2019 / Accepted: 14 August 2019 / Published: 20 August 2019
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Abstract

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.
Keywords: tourism volume index; unemployment; Okun’s law; structural vector autoregressive model tourism volume index; unemployment; Okun’s law; structural vector autoregressive model

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MDPI and ACS Style

Sánchez López, F. Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law. Economies 2019, 7, 83. https://doi.org/10.3390/economies7030083

AMA Style

Sánchez López F. Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law. Economies. 2019; 7(3):83. https://doi.org/10.3390/economies7030083

Chicago/Turabian Style

Sánchez López, Fernando. 2019. "Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law" Economies 7, no. 3: 83. https://doi.org/10.3390/economies7030083

APA Style

Sánchez López, F. (2019). Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law. Economies, 7(3), 83. https://doi.org/10.3390/economies7030083

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