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- Title
Real Wages as Determinant of Labour Productivity in the Mexican Tourism Sector.
- Authors
Brida, Juan Gabriel; Risso, Wiston Adrián; Carrera, Edgar J. Sanchez
- Abstract
In this paper we use time-series techniques to estimate the long-run relationship between real wages and labour productivity in the Mexican tourism. Using yearly data from 1970 to 2004, we find a cointegration relationship showing that the average labour productivity depends positively on real wages. We show that real wage is weakly exogenous and causes labour productivity. Moreover, the impulse-response function shows that a positive shock in real wages produces a small negative effect in productivity for two years followed by a large positive one.
- Subjects
MEXICO; TOURISM; LABOR productivity; REAL wages; COINTEGRATION
- Publication
European Journal of Tourism Research, 2010, Vol 3, Issue 1, p67
- ISSN
1994-7658
- Publication type
Article
- DOI
10.54055/ejtr.v3i1.46