Climate Risk, Economic Stability, and Tourism - A Cross-Sectionally Dependent Heterogeneous Panel Causality Analysis

Wanhai You, Yue Zhang and Chien-Chiang Lee ()

Energy RESEARCH LETTERS, 2021, vol. 2, issue 2, 1-5

Abstract: This research is designed to study the Granger causality between climate risk, economic stability, and tourism. It uses the heterogeneous panel Granger approach developed by Dumitrescu and Hurlin (2012). This approach is particularly useful for data with cross-sectional dependence and heterogeneity. The findings suggest that, on the one hand, tourism development will be beneficial to national economic stability and, on the other hand, it will contribute to the national climate crisis.

Keywords: climate risk; economic stability; tourism; granger non-causality test (search for similar items in EconPapers)
JEL-codes: L83 Q54 Q56 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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