BIST Tourism and BIST Electricity Index Relationship

Nigar Huseynli
Additional contact information
Nigar Huseynli: Department of Business Administration, Azerbaijan State University of Economics, Baku, Azerbaijan.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 3, 306-312

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.

Keywords: Tourism; Stock Market; BIST Electricity Index; Energy; BIST Tourism Index (search for similar items in EconPapers)
JEL-codes: L32 L83 O13 Q43 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/14157/7309 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/14157 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-03-35

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().