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 | |
| Publication status | Published - Aug 2022 |
Bibliographical note
Publisher Copyright:© The Author(s) 2021.
Keywords
- Dutch disease
- business travel
- economics
- natural resources
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