Exploring the Complex Nexus between Sustainable Development and Green Tourism through Advanced GMM Analysis

Xiaomin Sun, Jing Qing (), Syed Ahsan Ali Shah () and Yasir Ahmed Solangi
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Xiaomin Sun: School of Marxism, Hubei University, Wuhan 430062, China
Jing Qing: School of Public Administration, Hubei University, Wuhan 430062, China
Syed Ahsan Ali Shah: EMC3 Research Group, Science and Math Education Department, Universidad de Salamanca, 37008 Salamanca, Spain
Yasir Ahmed Solangi: School of Management, Jiangsu University, Zhenjiang 212013, China

Sustainability, 2023, vol. 15, issue 14, 1-20

Abstract: This research explores the complex nexus between sustainable development and green tourism across a representative set of 30 countries. To ensure robustness against potential endogeneity issues, the advanced Generalized Method of Moments (GMM) estimator is utilized for the analysis. Concurrently, key macroeconomic variables such as the GDP per capita, the literacy rate, and the population growth rate, along with environmental performance as captured by the Environmental Performance Index (EPI), are introduced as control variables. The findings reveal a notable positive correlation between sustainable development and green tourism, highlighting the integral role of green tourism in advancing sustainable development. This study also identifies complex associations between sustainable development and the control variables. Positive correlations are observed with the GDP per capita, the literacy rate, and the EPI, while the population growth rate exhibits a negative correlation with sustainable development. The outcomes underline the necessity of integrating sustainable tourism and environmental strategies into the wider discourse on sustainable development. This study provides substantial empirical insights into the multifaceted interplay of economic, social, and environmental factors, offering important implications for policymakers and academics alike. These findings contribute to a deeper understanding of sustainable development determinants and set a robust groundwork for the design of balanced, comprehensive development strategies.

Keywords: green tourism; eco-tourism; sustainable development; generalized method of moments; environmental performance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:14:p:10782-:d:1190354

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