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

Sánchez López, Fernando (2019) Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law. Economies, 7 (3). p. 83. ISSN 2227-7099

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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.

Item Type: Article
Subjects: Open Research Librarians > Multidisciplinary
Depositing User: Unnamed user with email support@open.researchlibrarians.com
Date Deposited: 14 Jul 2023 12:06
Last Modified: 20 Sep 2023 09:40
URI: http://stm.e4journal.com/id/eprint/1390

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