Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union

Jung Wan Lee and Tantatape Brahmasrene

Tourism Management, 2013, vol. 38, issue C, 69-76

Abstract: The study investigates the influence of tourism on economic growth and CO2 emissions. In the empirical analysis, unit root and cointegration tests using panel data of European Union countries from 1988 to 2009 are performed to examine the long-run equilibrium relationship among tourism, CO2 emissions, economic growth and foreign direct investment (FDI). Results from panel cointegration techniques and fixed-effects models indicate that a long-run equilibrium relationship exists among these variables. Furthermore, tourism, CO2 emissions and FDI have high significant positive effect on economic growth. Economic growth, in turn, shows a high significant positive impact on CO2 emissions while tourism and FDI incur a high significant negative impact on CO2 emissions.

Keywords: Tourism; Economic growth; Carbon emissions; Foreign direct investment; European Union (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (129)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0261517713000678

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:touman:v:38:y:2013:i:c:p:69-76

DOI: 10.1016/j.tourman.2013.02.016

Access Statistics for this article

Tourism Management is currently edited by Chris Ryan

More articles in Tourism Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().