RT Journal Article
T1 A DSGE-VAR Analysis for Tourism Development and Sustainable Economic Growth.
A1 Alaminos, David
A1 León-Gómez, Ana María
A1 Sánchez-Serrano, José Ramón
K1 Desarrollo económico y social
K1 Turismo - Desarrollo
AB This paper aims to provide a better basis for understanding the transmission connection between tourism development and sustainable economic growth in the empirical scenario of International countries. In this way, we have applied the dynamic stochastic general equilibrium (DSGE) model in different countries in order to check the power of generalization of this framework to study the tourism development. Also, we extend this model to obtain the long-term effects of tourism development with confidence intervals. The influence of tourism development on sustainable economic growth is proved by our results and show the indirect consequences between tourist activity and other industries produced through the external effects of investment and human capital and public sector. Our study confirms that the DSGE technique can be a generalized model for the analysis of tourism development and, especially, can improve previous precision results with the DSGE-VAR model, where vector autoregression (VAR) is introduced in the DSGE model. The simulation results reveal even more than when the productivity of the economy in general enhances, as the current tourist demand increases in greater proportion than more than the national tourism demand. For its part, the consumption of domestic tourism rises more than the consumption of inbound tourism if the productivity of the tourism production enhances, but non-tourism prices decrease at a slower rate and tourism investment needs a longer time to recover to what is established.
PB MDPI
YR 2020
FD 2020-05-01
LK https://hdl.handle.net/10630/31705
UL https://hdl.handle.net/10630/31705
LA eng
NO Alaminos D, León-Gómez A, Sánchez-Serrano JR. A DSGE-VAR Analysis for Tourism Development and Sustainable Economic Growth. Sustainability. 2020; 12(9):3635. https://doi.org/10.3390/su12093635
NO Partial funding for open access charge: Universidad de Málaga
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 23 ene 2026