Structural changes, financial and business regulatory measures, energy and tourism demand: Evidence from group of seven countries
The structural change is largely proliferated to adjust the momentous growth in tourism and energy demand, which is regulated by sound financial and business oriented measures in order to sustained economic profit. The objective of the study is to examine the impact of financial factors and business...
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| Veröffentlicht in: | International journal of finance and economics 2021-04, Vol.26 (2), p.2198-2218 |
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| container_end_page | 2218 |
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| container_title | International journal of finance and economics |
| container_volume | 26 |
| creator | Munir, Irfan Ullah Yue, Shen Nassani, Abdelmohsen A. Abro, Muhammad Moinuddin Qazi Hyder, Shabir Zaman, Khalid |
| description | The structural change is largely proliferated to adjust the momentous growth in tourism and energy demand, which is regulated by sound financial and business oriented measures in order to sustained economic profit. The objective of the study is to examine the impact of financial factors and business regulatory measures on energy and tourism demand in a group of seven (G‐7) countries, by using a consistent time series data from 1995–2015. The results of panel fixed effect regression confirm that financial and business regulatory measures increase energy and tourism demand. The panel causality results confirmed the unidirectional relationship running from finance to tourism and from energy to business regulatory measures that establish the finance‐led tourism growth and energy‐led business regulation hypothesis, while there is feedback relationship between energy and tourism, and energy and finance, which encourages the implementation of energy expansionary policies for long‐run sustained finance and international tourism across countries. |
| doi_str_mv | 10.1002/ijfe.1901 |
| format | Article |
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The objective of the study is to examine the impact of financial factors and business regulatory measures on energy and tourism demand in a group of seven (G‐7) countries, by using a consistent time series data from 1995–2015. The results of panel fixed effect regression confirm that financial and business regulatory measures increase energy and tourism demand. The panel causality results confirmed the unidirectional relationship running from finance to tourism and from energy to business regulatory measures that establish the finance‐led tourism growth and energy‐led business regulation hypothesis, while there is feedback relationship between energy and tourism, and energy and finance, which encourages the implementation of energy expansionary policies for long‐run sustained finance and international tourism across countries.</description><identifier>ISSN: 1076-9307</identifier><identifier>EISSN: 1099-1158</identifier><identifier>DOI: 10.1002/ijfe.1901</identifier><language>eng</language><publisher>Chichester, UK: John Wiley & Sons, Ltd</publisher><subject>business regulatory measures ; Energy ; energy demand ; financial factors ; G‐7 countries ; panel fixed effect ; Tourism ; tourism demand</subject><ispartof>International journal of finance and economics, 2021-04, Vol.26 (2), p.2198-2218</ispartof><rights>2020 John Wiley & Sons, Ltd.</rights><rights>2021 John Wiley & Sons, Ltd.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3301-8ca44bcabc65c5dd41306d78d2959dad963b1a28c11db5e94df7af9ade42334d3</citedby><cites>FETCH-LOGICAL-c3301-8ca44bcabc65c5dd41306d78d2959dad963b1a28c11db5e94df7af9ade42334d3</cites><orcidid>0000-0002-2585-2790</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1002%2Fijfe.1901$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1002%2Fijfe.1901$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1417,27924,27925,45574,45575</link.rule.ids></links><search><creatorcontrib>Munir, Irfan Ullah</creatorcontrib><creatorcontrib>Yue, Shen</creatorcontrib><creatorcontrib>Nassani, Abdelmohsen A.</creatorcontrib><creatorcontrib>Abro, Muhammad Moinuddin Qazi</creatorcontrib><creatorcontrib>Hyder, Shabir</creatorcontrib><creatorcontrib>Zaman, Khalid</creatorcontrib><title>Structural changes, financial and business regulatory measures, energy and tourism demand: Evidence from group of seven countries</title><title>International journal of finance and economics</title><description>The structural change is largely proliferated to adjust the momentous growth in tourism and energy demand, which is regulated by sound financial and business oriented measures in order to sustained economic profit. 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| identifier | ISSN: 1076-9307 |
| ispartof | International journal of finance and economics, 2021-04, Vol.26 (2), p.2198-2218 |
| issn | 1076-9307 1099-1158 |
| language | eng |
| recordid | cdi_proquest_journals_2510970295 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | business regulatory measures Energy energy demand financial factors G‐7 countries panel fixed effect Tourism tourism demand |
| title | Structural changes, financial and business regulatory measures, energy and tourism demand: Evidence from group of seven countries |
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