The Effects of Tourism, Economic Growth and Renewable Energy on Carbon Dioxide Emissions

Nuno Leitão and Daniel Balsalobre-Lorente ()
Additional contact information
Daniel Balsalobre-Lorente: University of Castilla-La Mancha

Chapter Chapter 4 in Strategies in Sustainable Tourism, Economic Growth and Clean Energy, 2021, pp 67-87 from Springer

Abstract: Abstract This study discusses the relationship between tourism demand and carbon dioxide (CO2) emissions, as well as the correlation between renewable energy and CO2 emissions. To achieve this, a robust panel methodology is employed for EU-28 countries. First, preliminary descriptive summary statistics and correlation analysis. Second, unit root tests in panel data (Levin et al. in J Econom, 108:1–24, 2002; ADF–Fisher Chi-square, and Phillips–Perron) to establish stationarity traits of the outlined variables Subsequently, we use Pedroni (Rev Econom Stat 83(4):727–731, 2001, Econom Theory 20(03):597–625, 2004), a panel data Random Effects (RE), DOLS (Panel Dynamic Least Squares) and panel Granger causality test, as econometric methodologies for long-run equilibrium relationship and detection of causality flow, respectively. The econometric empirical results confirm that there exists an Inverted-U linkage between economic growth and environmental degradation, which validates the Environmental Kuznets Curve (EKC) hypothesis for EU-28 countries. Furthermore, empirical results show a negative association between tourist arrivals and CO2 emissions, making it possible to infer that the tourism sector accentuates climate change. Regarding renewable energy, the results validate the negative relationship between this variable and carbon dioxide emissions, which is in line with previous studies. This result validates the position of the United Nation Sustainable Development Goals (UN-SDG’s) of access to clean energy (renewable energy) and mitigation of climate change issues. This empirical study also presents conclusions that are useful for policymakers and stakeholders.

Keywords: CO2 emissions; Tourism arrivals; Renewable energy; Panel data (search for similar items in EconPapers)
JEL-codes: Q20 Q50 Z30 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-030-59675-0_4

Ordering information: This item can be ordered from
http://www.springer.com/9783030596750

DOI: 10.1007/978-3-030-59675-0_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().