International tourism and the food, drink, and tobacco industry: Data for Mexico, 1993Q1 - 2017Q2
International tourism has had a positive effect on the Mexican Food, Drink and Tobacco industry. We have found that international tourism, whether measured by the number of tourist arrivals, or by the tourists’ average expenditure, produces a positive effect on the long-run Food, Drinks, and Tobacco Industry (FDTI) real GDP growth. The data we are providing were elaborated by the National Institute of Statistics and Geography, INEGI for its acronym in Spanish, and by the Bank of Mexico, Banxico, for its abbreviation in Spanish. The data refer to the average expenditure of tourists, arrival of international tourists, GDP of the food, drink, and tobacco industry, and the index of the multilateral real exchange rate of the Mexican peso with respect to 111 countries. We are also providing the dummies we employed to estimate the models.