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Copyright of Investigación Económica is the property of Universidad Nacional Autonoma de Mexico, Facultad de Economia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

A luz de la ley de Okun (1983), en su versión de tasas de crecimiento, se evaluó la sensibilidad del desempleo a la actividad económica estatal en México (desde inicios de 2004 hasta el primer semestre de 2018). Para capturar la heterogeneidad de las 32 entidades federativas se contrastaron los resultados de regresiones individuales con la estimación de datos de panel de efectos fijos. El coeficiente de Okun es significativo y con el signo correcto en 22 entidades federativas, con una variación entre -7,21 y -1,25. Las diez entidades restantes (con signo incorrecto y coeficiente no significativo) se caracterizan por deficientes desempeños económicos, sociales e institucionales. Se observa que la gran recesión generó cambios estructurales en 15 de las 22 entidades federativas donde sí se cumple la ley de Okun en todo el período; además, en estas 22 entidades el índice del Estado de derecho y la tasa de condiciones críticas de ocupación determinan la sensibilidad del crecimiento del desempleo al crecimiento del producto. [ABSTRACT FROM AUTHOR]

Copyright of EconoQuantum is the property of Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The misery index (MI) was devised to summarize the most evident costs for a society, attempting to objectively measure the loss in general welfare. It has been remarked in the literature that economic growth exerts a negative impact on the MI; however, analyses of this relationship in the tourism field have been neglected. This study assessed the effectiveness of the tourism sector at improving welfare conditions by measuring the impact of tourism GDP on the misery index and providing a theoretical framework for the relationship between tourism and the MI. A quantitative analysis was conducted using quarterly time series data for the period 2005Q1–2021Q2. Firstly, the existence of a long-term relationship was tested by using the Toda–Yamamoto procedure, and secondly, by applying linear and nonlinear ARDL models. The main results show that tourism can help to reduce the loss of welfare mirrored by the MI. These findings have policy implications, as they provide evidence that expanding the tourism sector counters the MI, and, consequently, the economic malaises derived from it. [ABSTRACT FROM AUTHOR]

In this paper, we analyze, by means of the difference version of Okun's law, the relationship between tourism sector growth and unemployment in Mexico during the period 2000Q2–2018Q4. The results show that tourism growth is a palliative for unemployment, whereas unemployment reduces the growth of the tourism sector. The results also show that the relationship between the mentioned variables becomes stronger during an economic crisis and weaker during expansion periods. [ABSTRACT FROM AUTHOR]