ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA
This study aims to investigate the long-term relationship between Malaysian tourism, energy consumption, and their association with economic growth, and financial development, using the Autoregressive Distributed Lag (ARDL) method. Utilizing annual data spanning from 1990 to 2020, this research ex...
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| Format: | Article |
| Language: | English |
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Editura Universităţii din Oradea
2023-12-01
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| Series: | Geo Journal of Tourism and Geosites |
| Subjects: | |
| Online Access: | https://gtg.webhost.uoradea.ro/PDF/GTG-4spl-2023/gtg.514spl19-1174.pdf |
| _version_ | 1797339837391437824 |
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| author | Asif RAIHAN Liton Chandra VOUMIK Miguel Angel ESQUIVIAS Abdul Rahim RIDZUAN Nora Yusma Mohamed YUSOFF Asmaul Husna HARIS FADZILAH Sahoo MALAYARANJAN |
| author_facet | Asif RAIHAN Liton Chandra VOUMIK Miguel Angel ESQUIVIAS Abdul Rahim RIDZUAN Nora Yusma Mohamed YUSOFF Asmaul Husna HARIS FADZILAH Sahoo MALAYARANJAN |
| author_sort | Asif RAIHAN |
| collection | DOAJ |
| description | This study aims to investigate the long-term relationship between Malaysian tourism, energy consumption, and
their association with economic growth, and financial development, using the Autoregressive Distributed Lag (ARDL)
method. Utilizing annual data spanning from 1990 to 2020, this research examines how increased international tourist
arrivals, economic growth, and financial development contribute to energy consumption in Malaysia. The study's findings
reveal that growing tourism escalates energy demands for transportation, accommodation, and leisure activities. Furthermore,
economic expansion drives energy usage through business expansion and increased industrial activities. Financial progress
facilitates capital accessibility, leading to investments in energy-intensive sectors. In conclusion, to ensure sustainable future
energy demand, this study underscores the importance of eco-friendly tourism practices that stimulate economic growth while
minimizing emissions. Sustainable economic and financial strategies are also essential. |
| first_indexed | 2024-03-08T09:54:11Z |
| format | Article |
| id | doaj.art-c96638fc0ccd47bc83df83673c41df5c |
| institution | Directory Open Access Journal |
| issn | 2065-0817 |
| language | English |
| last_indexed | 2024-03-08T09:54:11Z |
| publishDate | 2023-12-01 |
| publisher | Editura Universităţii din Oradea |
| record_format | Article |
| series | Geo Journal of Tourism and Geosites |
| spelling | doaj.art-c96638fc0ccd47bc83df83673c41df5c2024-01-29T13:56:20ZengEditura Universităţii din OradeaGeo Journal of Tourism and Geosites2065-08172023-12-01514 supplement1786179510.30892/gtg.514spl19-1174ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIAAsif RAIHAN0Liton Chandra VOUMIK1Miguel Angel ESQUIVIAS2Abdul Rahim RIDZUAN3Nora Yusma Mohamed YUSOFF4Asmaul Husna HARIS FADZILAH5Sahoo MALAYARANJAN6Institute of Climate Change, National University of Malaysia, Bangi, Malaysia, e-mail: asifraihan666@gmail.comDepartment of Economics, Noakhali Science and Technology University, Noakhali, Bangladesh, e-mail: litonvoumik@gmail.comFaculty of Economics and Business, Airlangga University, Indonesia, e-mail: miguel@feb.unair.ac.idInstitute for Big Data Analytics and Artificial Intelligence (IBDAAI), Universiti Teknologi MARA, Malaysia; University of Religions and Denominations, Qom, Iran; Faculty of Business Management, Universiti Teknologi MARA, Melaka Campus, Malaysia, Centre for Economic Development and Policy (CEDP), Universiti Malaysia Sabah, Malaysia; Accounting Research Institute (ARI), University Teknologi MARA, Malaysia, e-mail: Rahim670@uitm.edu.my Institute of Energy Policy and Research, University Tenaga Nasional, Putrajaya, Malaysia, e-mail: nora@uniten.edu.myFaculty of Economics and Business, University Malaysia Sawarak, Malaysia, e-mail: hfahusna@unimas.myInstitute of Energy Policy and Research, University Tenaga Nasional, Putrajaya, Malaysia, e-mail: sahoomalayaranjan4@gmail.comThis study aims to investigate the long-term relationship between Malaysian tourism, energy consumption, and their association with economic growth, and financial development, using the Autoregressive Distributed Lag (ARDL) method. Utilizing annual data spanning from 1990 to 2020, this research examines how increased international tourist arrivals, economic growth, and financial development contribute to energy consumption in Malaysia. The study's findings reveal that growing tourism escalates energy demands for transportation, accommodation, and leisure activities. Furthermore, economic expansion drives energy usage through business expansion and increased industrial activities. Financial progress facilitates capital accessibility, leading to investments in energy-intensive sectors. In conclusion, to ensure sustainable future energy demand, this study underscores the importance of eco-friendly tourism practices that stimulate economic growth while minimizing emissions. Sustainable economic and financial strategies are also essential.https://gtg.webhost.uoradea.ro/PDF/GTG-4spl-2023/gtg.514spl19-1174.pdfenergy use; tourist arrivals; economic growth; financial development; sustainable tourism; climate change |
| spellingShingle | Asif RAIHAN Liton Chandra VOUMIK Miguel Angel ESQUIVIAS Abdul Rahim RIDZUAN Nora Yusma Mohamed YUSOFF Asmaul Husna HARIS FADZILAH Sahoo MALAYARANJAN ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA Geo Journal of Tourism and Geosites energy use; tourist arrivals; economic growth; financial development; sustainable tourism; climate change |
| title | ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA |
| title_full | ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA |
| title_fullStr | ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA |
| title_full_unstemmed | ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA |
| title_short | ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA |
| title_sort | energy trails of tourism analyzing the relationship between tourist arrivals and energy consumption in malaysia |
| topic | energy use; tourist arrivals; economic growth; financial development; sustainable tourism; climate change |
| url | https://gtg.webhost.uoradea.ro/PDF/GTG-4spl-2023/gtg.514spl19-1174.pdf |
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