Implications of Oil Price Fluctuations for Tourism Receipts: The Case of Oil Exporting Countries

Implications of Oil Price Fluctuations for Tourism Receipts: The Case of Oil Exporting Countries

This study investigates the influence of oil prices on tourism income in countries that heavily relied on crude oil exports from 2000 to 2017. We found that oil prices and tourism receipts are cointegrated, revealing the existence of their long-run equilibrium relationship. Another significant findi...

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Bibliographic Details
Main Authors: Siamand Hesami, Bezhan Rustamov, Husam Rjoub, Wing-Keung Wong
Format: Article
Language:English
Published: MDPI AG 2020-08-01
Series:Energies
Subjects:
oil price
tourism income
causality
SYS-GMM
MENA countries
Online Access:https://www.mdpi.com/1996-1073/13/17/4349

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