The impacts of the tourism sector on the eco-efficiency of the Latin American and Caribbean countries

Daniela Castilho, José Alberto Fuinhas () and António Cardoso Marques

Socio-Economic Planning Sciences, 2021, vol. 78, issue C

Abstract: The impacts of the tourism sector on the overall eco-efficiency of 22 Latin America and Caribbean countries from 1995 to 2016 were examined. A Data Envelopment Analysis was used to calculate the overall eco-efficiency of each country (considering the CO2 emissions as the input and the GDP as the output). Posteriorly, a Panel Autoregressive Distributed Lag model was applied to analyse the impacts of tourism arrivals, tourism capital investment, and direct tourism contribution to employment on eco-efficiency. The results indicated that tourism arrivals decrease these countries eco-efficiency, both in the short- and long-run. Contrariwise, tourism capital investment and direct tourism contribution to employment seem to promote eco-efficiency in the long-run. These findings recommend that policymakers should respect these destinations carrying capacity and, simultaneously, encourage investments in sustainable tourism projects and productive employment to all.

Keywords: Eco-efficiency; Tourism arrivals; Tourism capital investment; Direct tourism contribution to employment; PARDL; Latin America and caribbean countries (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:78:y:2021:i:c:s0038012121000811

DOI: 10.1016/j.seps.2021.101089

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