The Effect of Tourism, Economic Growth and Environment in Developing Countries
Muhammad Hasnain Ali (),
Rao Akmal Ali () and
Ahsan Farooq ()
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Muhammad Hasnain Ali: PhD Scholar, Department of Business Administration, Bahauddin Zakariya University, Multan, Pakistan
Rao Akmal Ali: Department of Management Sciences, National University of Modern Languages, Multan Campus, Pakistan
Ahsan Farooq: M.Phil. Scholar, Department of Management Sciences, Ripha International University, Faisalabad Campus, Pakistan
iRASD Journal of Energy and Environment, 2021, vol. 2, issue 1, 24-33
The primary purpose of this study is to identify a link concerning tourism, economic growth, and environmental protection in developing countries. The current research looks at the overall state of emerging economies. The study employs the 3SLS technique. Tourism is attracted by economic prosperity, and tourism will increase economic growth. According to the findings, economic growth hurts the environment. At the same time, environmental degradation decreases economic growth. As income activity accelerates, environmental emissions have a detrimental impact on economic growth. Further findings imply that tourism adversely affects the environment, increasing tourism and causing a depreciation of the ecosystem. The environment impacts tourism, as most people travel to other countries for business and religious reasons. In all models, the other variables, like political instability, has a negative effect on tourism, while trade has a favorable effect. According to the study, GDP is boosted by the literacy rate and gross capital formation and population increase, urbanization, and energy use all have a favorable impact on CO2 emissions. According to the findings, host nations should encourage tourism and guarantee that the environment is not harmed; therefore, eco-friendly must be pushed to maintain a seamless and sustainable development process.
Keywords: Tourism; Economic Growth; Environment; Developing Economies; 3SLS (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ani:irdjee:v:2:y:2021:i:1:p:24-33
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