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

Author

Listed:
  • Hassan F Gholipour

    (Western Sydney University, Australia)

  • Reza Tajaddini

    (Swinburne University of Technology, Australia)

  • Usama Al-mulali

    (Multimedia University, Melaka, Malaysia)

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.

Suggested Citation

  • Hassan F Gholipour & Reza Tajaddini & Usama Al-mulali, 2022. "Dutch Disease phenomenon and demand for international business travels: Panel ARDL/PMG estimation," Tourism Economics, , vol. 28(5), pages 1401-1415, August.
    • Handle: RePEc:sae:toueco:v:28:y:2022:i:5:p:1401-1415
    DOI: 10.1177/1354816620983131
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    Cited by:

    1. Juan L Eugenio-Martin & Roberto Patuelli, 2022. "Panel data models in tourism research: Innovative applications and methods," Tourism Economics, , vol. 28(5), pages 1348-1354, August.

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