Abstract

PORTO, Natalia; ESPINOLA, Natalia  and  GARCIA, Carolina Inés. The Effect of Holidays and Non-working Days in the Economy: An Application for the Argentine case with more than a Decade of Changes. Estud. perspect. tur. [online]. 2019, vol.28, n.3, pp.840-859. ISSN 1851-1732.

The aim of this paper is to estimate the relationship between real GDP and the number of working days net of holidays for the period 1993-2015 in Argentina. We use vector autoregressive with error correction mechanisms techniques (short term) and a dynamic ordinary least square model (long term). The results show that a holiday less (or one additional working day) does not have a statistically significant impact on real GDP, both in the short and in the long term. In the long term, while the national holidays have a significant and negative impact on real GDP, the effect is less than 1%.

Keywords : Tourism; Holidays; Economic growth.