Benefits of Economic Growth in Tourism for Ecuador’s Tourism Balance of Payments
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The research aims to measure the benefits of tourism economic growth on Ecuador's tourism balance of payments. The hypothesis is that economic growth benefits Ecuador's tourism balance of payments. The methodology used was quantitative, correlational, and longitudinal. Time series data were collected corresponding to 2016-2023. Principal components were used to create indexes of the variables, the hypothesis was tested using the Pearson coefficient, and linear regression was used to determine the impact between the variables. A positive correlation was found (r = .9535). The linear regression yielded a coefficient β = 0.619 (sig = 0.000). This means that, as tourism economic growth increases by one unit, the tourism balance of payments increases by 0.619 billion dollars. The coefficient of determination was 0.9091, which implies that approximately 90.91% of the variability in the tourism balance of payments can be explained by the economic growth of tourism.
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