Oil price shocks and tourism stock prices; global evidence
Bibliographic Data
| ID | 21699463 |
|---|---|
| Authors | Dlawar Mahdi Hadi (0000-0003-1013-7230, Komar University of Science and Technology, corresponding author) |
| Year | 2023 |
| Volume | 26 |
| Issue | 9 |
| Pages | 1384-1388 |
| Publication date | 2023-05-03 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Current Issues in Tourism (JOURNAL) |
| Journal identifiers | ISSN: 1368-3500 • E-ISSN: 1747-7603 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13683500.2023.2185879 |
| OpenAlex | W4324025768 |
| Language | EN |
| Citations received | 1 |
| References cited | 12 |
This novel study utilizes nonparametric causality-in-quantile and wavelet coherence analysis to uncover the impact of oil prices on tourism stocks across 12 global leading tourism markets. The findings of nonparametric causality-in-quantile reveal that oil prices impact the tourism stocks only in Germany, Italy, Thailand, and the United States. The overall results of wavelet analysis indicate that oil prices and tourism stocks move in phase with the crucial role of the global economic and financial crisis particularly, the COVID-19 outbreak. Several useful insights for scholars, investors, policymakers, and tourism corporate executives are drawn from this study
Business · Econometrics · Economics · Financial crisis · Financial economics · Geography · Granger causality · Macroeconomics · Monetary economics · Oil price · Quantile · Tourism · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Market Dynamics and Volatility
| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |