Examining stationarity is of particular importance and represents the first step in empirical time-series research. Non-stationarity invalidates many of the results obtained from standard techniques and, therefore, requires special treatment. Because oil prices play an important role in...

This study examines the oil price asymmetric influences on tourism (tourism receipts) for select MENA countries (namely: Egypt, Israel, Jordan, Lebanon, Morocco, Tunisia, and Turkey). Although annual sample data from 1995-2018 was collected, however, to be able to apply the asymmetric analysis,...