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We may infer that is because of the difficulties that are represented by the development of a production function for this service oriented industry (although it is possible to estimate).
The objective of this investigation is to try to explain the behavior of the industry. We try to find the determinants of income growth in the tourism sector for Mexico...
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A TOURISM INDUSTRY MODEL
The model used in the elaboration of this paper is a demand model, and for this reasons takes in account prices and income. The treatment of this model assumes that the measuring of foreign tourism revenues can be put into a model consistent with a model for export demand set forth in other work...
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