Dynamic influence of aging, industrial innovations, and ICT on tourism development and renewable energy consumption in BRICS economies

Sadia Bano, Lu Liu and Anwar Khan

Renewable Energy, 2022, vol. 192, issue C, 431-442

Abstract: Given the rise in population ageing and urbanization, the BRICS (Brazil, Russia, India, China, and South Africa) economies are stressed about dealing with the climate change process and ascertaining the energy crisis. To diffuse the technological innovations and curtail natural resource extraction, with an objective of green tourism development, the transition towards renewable energy sector, the policy framework in the BRICS countries needs a reorientation, which is the study's primary aim. The study proposes a novel policy framework for BRICS economies by exploring the role of ageing, information, communication, and technology (ICT), and industrial innovations on tourism and renewable energy between 2000 and 2017. By exercising the second-generation econometric approaches, the impact of industrial innovations, natural resources, economic growth, and ICT on tourism is positive, while the role of ageing on tourism is negative. Similarly, industrial innovations, economic growth, and ageing are positive determinants of renewable energy, while ICT and natural resources are negative determinants. The causal results supported bidirectional links between ageing, tourism, ICT and tourism, while economic growth unidirectionally causing tourism. Similarly, industrial innovation, ICT, and natural resources are simultaneously unilaterally causing renewable energy in BRICS economies. The results obtained from the current study are unique, based on which we have discussed policy proposals for theory and practice.

Keywords: Ageing of the population; ICT; Industrial innovations; Tourism; Renewable energy; BRICS (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148122006024
Full text for ScienceDirect subscribers only

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:renene:v:192:y:2022:i:c:p:431-442

DOI: 10.1016/j.renene.2022.04.134

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

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