Dutch Disease phenomenon and demand for international business travels : Panel ARDL/PMG estimation

Hassan F. Gholipour; Reza Tajaddini; Usama Al-mulali

doi:10.1177/1354816620983131

Dutch Disease phenomenon and demand for international business travels : Panel ARDL/PMG estimation

Hassan F. Gholipour, Reza Tajaddini, Usama Al-mulali

Western Sydney University

Research output: Contribution to journal › Article › peer-review

Abstract

This article explores the long-run and short-run effect of natural resource rents on inbound and outbound business travels in resource-abundant economies. By applying panel ARDL/PMG models for 25 countries with annual data for 2005–2017, our results show that increases in dependency on natural resources lead to lower demand for inbound and outbound business travels in the long run. The short-run analyses indicate that while natural resource rents have a significant and positive impact on outbound business travels, they do not affect inbound business travels.

Original language	English
Pages (from-to)	1401-1415
Number of pages	15
Journal	Tourism Economics
Volume	28
Issue number	5
DOIs	https://doi.org/10.1177/1354816620983131
Publication status	Published - 2022

Keywords

Dutch disease
business travel
economics
natural resources

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10.1177/1354816620983131

Cite this

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title = "Dutch Disease phenomenon and demand for international business travels : Panel ARDL/PMG estimation",

abstract = "This article explores the long-run and short-run effect of natural resource rents on inbound and outbound business travels in resource-abundant economies. By applying panel ARDL/PMG models for 25 countries with annual data for 2005–2017, our results show that increases in dependency on natural resources lead to lower demand for inbound and outbound business travels in the long run. The short-run analyses indicate that while natural resource rents have a significant and positive impact on outbound business travels, they do not affect inbound business travels.",

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AB - This article explores the long-run and short-run effect of natural resource rents on inbound and outbound business travels in resource-abundant economies. By applying panel ARDL/PMG models for 25 countries with annual data for 2005–2017, our results show that increases in dependency on natural resources lead to lower demand for inbound and outbound business travels in the long run. The short-run analyses indicate that while natural resource rents have a significant and positive impact on outbound business travels, they do not affect inbound business travels.

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KW - business travel

KW - economics

KW - natural resources

UR - http://hdl.handle.net/1959.7/uws:59009

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DO - 10.1177/1354816620983131

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Dutch Disease phenomenon and demand for international business travels : Panel ARDL/PMG estimation

Abstract

Keywords

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