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

• Hassan F Gholipour ^[1] ; Reza Tajaddini ^[2] ; Usama Al-mulali ^[3]
  1. [1] University of Western Sydney

     University of Western Sydney

     Australia

     
  2. [2] Swinburne University of Technology

     Swinburne University of Technology

     Australia

     
  3. [3] Multimedia University

     Multimedia University

     Malasia

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 28, Nº. Extra 5, 2022 (Ejemplar dedicado a: Panel Data Models in Tourism Research), págs. 1401-1415
• Idioma: inglés
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• Resumen

  • 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.