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BIST Tourism and BIST Electricity Index Relationship

Author

Listed:
  • Nigar Huseynli

    (Department of Business Administration, Azerbaijan State University of Economics, Baku, Azerbaijan.)

Abstract

In this study, which is based on daily data, the relationship between BIST electricity index and BIST tourism index was measured between 2012:M9 2022:M9 periods. The aim of the study is to measure the relationship between BIST electricity index and BIST tourism index. VAR Granger causality test was applied to determine whether there is any causal relationship between the variables. It has been determined as a result of the analysis that the BIST electricity index has no effect on the BIST tourism index. Two-way ineffectiveness was determined among the variables. In addition, it was obtained as a result of the analysis that the applied correlation relationship was weak between these variables. The results obtained from the study are important in terms of measuring the effects among BIST indices.

Suggested Citation

  • Nigar Huseynli, 2023. "BIST Tourism and BIST Electricity Index Relationship," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 306-312, May.
    • Handle: RePEc:eco:journ2:2023-03-35
    as

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    References listed on IDEAS

    as
    1. Buket Altınoz & Alican Umut, 2022. "The Relationship of Exchange Rate and Oil Price Volatilities with Stock Returns: Evidence from Borsa Istanbul Sector Indexes," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 72(72-1), pages 385-405, June.
    2. Zeravan Abdulmuhsen Asaad, 2021. "Oil Price, Gold Price, Exchange Rate and Stock Market in Iraq Pre-During COVID19 Outbreak: An ARDL Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 562-571.
    3. Kamaldeen Ajala & Musa Abdullahi Sakanko & Sesan Oluseyi Adeniji, 2021. "The Asymmetric Effect of Oil Price on the Exchange Rate and Stock Price in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 202-208.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Tourism; Stock Market; BIST Electricity Index; Energy; BIST Tourism Index;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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