Expanding the tourism energy growth nexus: an empirical analysis within the Eurozone

George Ekonomou () and George Halkos
Additional contact information
George Ekonomou: Agricultural University of Athens

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 11, No 19, 27585-27605

Abstract: Abstract This study extends the energy tourism growth discussion by adopting the concept of market segments when investigating tourism proxies. We adopt econometric procedures to identify potential structural breaks and cross-sectional dependence together with appropriate panel data model specifications. Causality tests are also processed to search for the direction of potential linkages. The rationale behind such an approach is to integrate the energy growth nexus discussion with the tourism growth nexus into one specification and investigate holistically potential impacts and causalities under a new, unobserved in relative literature set of variables. Interestingly, we offer to the relevant literature in the following ways: first, the concept of market segments regarding business and leisure tourism spending as a proxy for tourism expansion is used. Second, we also encompass internal consumption, by international and domestic visitors, instead of international receipts when searching for causalities. Third, we consider capital investment spending within the travel and tourism sector. This issue is less visible, if not unnoticed, in relevant studies since the vast majority adopt the concept of foreign investment spending. Our empirical findings confirm the conservation hypothesis, while the feedback hypothesis is also present in our specifications. Practical implications demand effective management within the tourism system to foster pro-environmental behavior and achieve efficient energy use within the economic system.

Keywords: Tourism; Energy consumption; Economic growth; Sustainability (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10668-023-03772-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:endesu:v:26:y:2024:i:11:d:10.1007_s10668-023-03772-2

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-023-03772-2

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().