Jamaica
This note provides estimates of the tourism income multiplier for countries in Latin America. The well-known Keynesian formulation of the concept forms the basis on which the estimates were derived. Except for a few destinations, such as Argentina, Brazil, Ecuador, Bolivia, and Paraguay, the actual sizes of the estimated multipliers are fairly consistent with those obtained for other developing countries. The implication is that developing countries share some common features that retard their ability to extract more benefits from the tourist industry.
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