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

Authors

  • Heppi Millia Department of Economics, Universitas Halu Oleo,Kendari 93232
  • Pasrun Adam Department of Mathematics, Universitas Halu Oleo, Kendari 93232 http://orcid.org/0000-0001-5597-7554
  • Zainuddin Saenong Department of Economics, Universitas Halu Oleo, Kendari 93232
  • Muh. Yani Balaka Department of Economics, Universitas Halu Oleo, Kendari 93232
  • Yuwanda Purnamasari Pasrun Department of Information Systems, Universitas Sembilanbelas November,Kolaka 93517
  • La Ode Saidi Department of Mathematics, Universitas Halu Oleo, Kendari 93232 http://orcid.org/0000-0003-0039-3038
  • Wali Aya Rumbia Department of Economics, Universitas Halu Oleo, Kendari 93232

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.JEL Classifications: C32, E310, F310, O330DOI: https://doi.org/10.32479/ijeep.10083

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Published

2020-10-10

How to Cite

Millia, H., Adam, P., Saenong, Z., Balaka, M. Y., Pasrun, Y. P., Saidi, L. O., & Rumbia, W. A. (2020). The Influence of Crude Oil Prices Volatility, the Internet and Exchange Rate on the Number of Foreign Tourist Arrivals in Indonesia. International Journal of Energy Economics and Policy, 10(6), 280–287. Retrieved from https://econjournals.com/index.php/ijeep/article/view/10083

Issue

Vol. 10 No. 6 (2020)

Section

Articles

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