The Influence of Crude Oil Prices Volatility, the Internet and Exchange Rate on the Number of Foreign Tourist Arrivals in Indonesia

Heppi Millia, Pasrun Adam, Zainuddin Saenong, Muh. Yani Balaka, Yuwanda Purnamasari Pasrun, La Ode Saidi and Wali Aya Rumbia
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Heppi Millia: Department of Economics, Universitas Halu Oleo, Kendari, Indonesia
Pasrun Adam: Department of Mathematics, Universitas Halu Oleo, Kendari, Indonesia,
Zainuddin Saenong: Department of Economics, Universitas Halu Oleo, Kendari, Indonesia
Muh. Yani Balaka: Department of Economics, Universitas Halu Oleo, Kendari, Indonesia
Yuwanda Purnamasari Pasrun: Department of Information System, Universitas Sembilanbelas November, Kolaka, Indonesia.
La Ode Saidi: Department of Mathematics, Universitas Halu Oleo, Kendari, Indonesia,
Wali Aya Rumbia: Department of Economics, Universitas Halu Oleo, Kendari, Indonesia

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 6, 280-287

Abstract: This paper seeks to examine the influence of crude oil prices volatility, the internet, and exchange rate on the number of foreign tourist arrivals in Indonesia. Using a time-series dataset from 1995 to 2018 and employing an autoregressive distributed lag (ARDL) model plus an error correction model (ECM-ARDL), our research shows that in the long run, the internet has a positive influence on the number of foreign tourist arrivals. Every 1% rise in the internet, the number of foreign tourist arrivals rises by 0.49%. However, crude oil prices volatility and exchange rates do not significantly affect the number of foreign tourist arrivals. In the short run, there is a negative influence of crude oil price volatility on the number of foreign tourist arrivals. Meanwhile, the exchange rate positively affects the number of foreign tourist arrivals, meaning that the appreciation (depreciation) of the IDR exchange rate against the USD causes the number of foreign tourist arrivals to go down (up).

Keywords: Crude oil price volatility; the internet; exchange rate; foreign tourist arrivals; ARDL model. (search for similar items in EconPapers)
JEL-codes: C32 E31 F31 O33 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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