An Evaluation of the Tourism-Induced Environmental Kuznets Curve (T-EKC) Hypothesis: Evidence from G7 Countries

Cem Ișik, Munir Ahmad, Uğur Pata (), Serdar Ongan, Magdalena Radulescu, Festus Fatai Adedoyin, Engin Bayraktaroğlu, Sezi Aydın and Ayse Ongan
Additional contact information
Cem Ișik: Faculty of Tourism, Anadolu University, Eskişehir 26210, Turkey
Munir Ahmad: School of Economics, Zhejiang University, Hangzhou 310058, China
Serdar Ongan: Department of Economics, St. Mary’s College of Maryland, St. Mary’s City, MD 20686, USA
Magdalena Radulescu: Faculty of Economic Studies and Law, University of Pitesti, 110040 Pitesti, Romania
Festus Fatai Adedoyin: Departament of Accounting, Economics and Finance, Bournemouth University, Fern Barrow, Poole, Dorset BH12 5BB, UK
Engin Bayraktaroğlu: Faculty of Tourism, Anadolu University, Eskişehir 26210, Turkey
Sezi Aydın: Faculty of Tourism, Anadolu University, Eskişehir 26210, Turkey
Ayse Ongan: Fuqua School of Business, Duke University, Durham, NC 27708, USA
Authors registered in the RePEc Author Service: cem Işık

Sustainability, 2020, vol. 12, issue 21, 1-11

Abstract: This paper analyzes the legitimacy of the Environmental Kuznets Curve (EKC) hypothesis for a group of seven (G7) countries over the period 1995–2015. In addition to testing the EKC speculation, the authors also would like to understand the ways in which increases in renewable energy consumption and the international tourism receipt affect the CO 2 emissions in G7 countries, because the energy and tourism sectors may have considerable direct impacts on CO 2 emissions. In this investigation, a panel bootstrap cointegration test and an augmented mean group (AMG) estimator were applied. The empirical findings indicate that the tourism-induced EKC hypothesis is valid only for France. Additionally, it was detected that a rise in renewable energy consumption has a negative (reduction) impact on CO 2 emissions in France, Italy, the UK, and the US. However, an increase in the receipt of international touristm has a positive (additional) impact on Italy’s CO2 emissions. Hence, this country’s decision-makers should re-review their tourism policy to adopt a renewable-inclusive one for sustainable tourism and the environment.

Keywords: EKC hypothesis; tourism; G7 countries; panel bootstrap cointegration test; AMG estimator (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:21:p:9150-:d:439529

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