BIST Tourism and BIST Electricity Index Relationship

Authors

  • Nigar Huseynli Department of Business Administration, Azerbaijan State University of Economics, Baku, Azerbaijan.

DOI:

https://doi.org/10.32479/ijeep.14157

Keywords:

Tourism, Stock Market, BIST Electricity Index, Energy, BIST Tourism Index

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.

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Published

2023-05-17

How to Cite

Huseynli, N. (2023). BIST Tourism and BIST Electricity Index Relationship. International Journal of Energy Economics and Policy, 13(3), 306–312. https://doi.org/10.32479/ijeep.14157

Issue

Vol. 13 No. 3 (2023)

Section

Articles

License

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