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This study examines the positive and negative effects of oil price shocks on tourism arrivals in Malaysia over the period 2000–2016. Using a nonlinear autoregressive distributed lag (ARDL) model, our results show that increases in oil prices have a stronger impact on tourism arrivals than decreases in oil prices, both in the short run and the long run.
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Al‐mulali et al. (2019) studied this question.
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