Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU
Abstract At the heart of the post-COP26 era and the European Green deal lies the underlying goals in Europe targeting climate neutrality and zero pollution through tourism developments and promotion of economic well-being of regions. This study empirically investigates the dynamic linkages among tou...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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SpringerOpen
2023-04-01
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| Series: | Future Business Journal |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s43093-023-00193-5 |
| _version_ | 1797845967974694912 |
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| author | Nnamdi Chinwendu Nwaeze Kingsley Ikechukwu Okere Izuchukwu Ogbodo Obumneke Bob Muoneke Ifeoma Nwakaego Sandra Ngini Samuel Uchezuike Ani |
| author_facet | Nnamdi Chinwendu Nwaeze Kingsley Ikechukwu Okere Izuchukwu Ogbodo Obumneke Bob Muoneke Ifeoma Nwakaego Sandra Ngini Samuel Uchezuike Ani |
| author_sort | Nnamdi Chinwendu Nwaeze |
| collection | DOAJ |
| description | Abstract At the heart of the post-COP26 era and the European Green deal lies the underlying goals in Europe targeting climate neutrality and zero pollution through tourism developments and promotion of economic well-being of regions. This study empirically investigates the dynamic linkages among tourism developments and emission while controlling for the influence of economic growth, trade, energy demand under the framework of Panel Autoregressive Distributed Lag (PARDL) using the top 12 tourist countries in the EU from 1995 to 2018. The findings are as follows: First, the study found that trade openness negatively influences emissions. Second, economic growth, tourism, and energy use positively and significantly influence emissions. Third, energy demand positively and significantly influences economic growth and tourism development in the short and long run. The study recommends additional tourism and energy development policies along with structures that rapidly drive economic activities to turn carbon-intensive economies into green economies. |
| first_indexed | 2024-04-09T17:47:30Z |
| format | Article |
| id | doaj.art-c7311671caff493c9dfb76f4aad319e6 |
| institution | Directory Open Access Journal |
| issn | 2314-7210 |
| language | English |
| last_indexed | 2024-04-09T17:47:30Z |
| publishDate | 2023-04-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Future Business Journal |
| spelling | doaj.art-c7311671caff493c9dfb76f4aad319e62023-04-16T11:15:42ZengSpringerOpenFuture Business Journal2314-72102023-04-019111210.1186/s43093-023-00193-5Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EUNnamdi Chinwendu Nwaeze0Kingsley Ikechukwu Okere1Izuchukwu Ogbodo2Obumneke Bob Muoneke3Ifeoma Nwakaego Sandra Ngini4Samuel Uchezuike Ani5Department of Economics, Abia State UniversityDepartment of Economics, Banking and Finance, Gregory UniversityDepartment of Banking and Finance, Enugu State University of Science and TechnologyDepartment of Finance, University of LagosDepartment of Banking and Finance, Enugu State University of Science and TechnologyDepartment of Banking and Finance, Enugu State University of Science and TechnologyAbstract At the heart of the post-COP26 era and the European Green deal lies the underlying goals in Europe targeting climate neutrality and zero pollution through tourism developments and promotion of economic well-being of regions. This study empirically investigates the dynamic linkages among tourism developments and emission while controlling for the influence of economic growth, trade, energy demand under the framework of Panel Autoregressive Distributed Lag (PARDL) using the top 12 tourist countries in the EU from 1995 to 2018. The findings are as follows: First, the study found that trade openness negatively influences emissions. Second, economic growth, tourism, and energy use positively and significantly influence emissions. Third, energy demand positively and significantly influences economic growth and tourism development in the short and long run. The study recommends additional tourism and energy development policies along with structures that rapidly drive economic activities to turn carbon-intensive economies into green economies.https://doi.org/10.1186/s43093-023-00193-5TourismEconomic growthPanel autoregressive distributed lagEnergy demandCarbon emissionEuropean Union |
| spellingShingle | Nnamdi Chinwendu Nwaeze Kingsley Ikechukwu Okere Izuchukwu Ogbodo Obumneke Bob Muoneke Ifeoma Nwakaego Sandra Ngini Samuel Uchezuike Ani Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU Future Business Journal Tourism Economic growth Panel autoregressive distributed lag Energy demand Carbon emission European Union |
| title | Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU |
| title_full | Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU |
| title_fullStr | Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU |
| title_full_unstemmed | Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU |
| title_short | Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU |
| title_sort | dynamic linkages between tourism economic growth trade energy demand and carbon emission evidence from eu |
| topic | Tourism Economic growth Panel autoregressive distributed lag Energy demand Carbon emission European Union |
| url | https://doi.org/10.1186/s43093-023-00193-5 |
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