Resumen

ROJAS, Mara Leticia. Current account and international tourism: evidence from selected South American economies. Prob. Des [online]. 2024, vol.55, n.218, pp.143-168.  Epub 28-Ene-2025. ISSN 0301-7036.  https://doi.org/10.22201/iiec.20078951e.2024.218.70157.

International tourism has an impact on the external constraint to growth. Therefore, the relationship between tourism and the current account balance (CAB) was analyzed for Argentina, Brazil, Chile and Uruguay by means of a cointegration analysis using autoregressive models with distributed lags. Actual output and the real effective exchange rate were used as control variables. The existence of cointegration was corroborated for Argentina and Brazil since tourism has a stable negative relationship with the CAB. In the case of Chile, there is evidence of cointegration for the set of variables, although foreign exchange flows from international tourism do not seem to affect the CAB balance. Finally, no conclusive proof of cointegration was obtained for Uruguay.

Palabras llave : international tourism; current account balance (CAB); tourism balance; cointegration; South America.

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