The Impact of Tourism and Financial Development on Energy Consumption and Carbon Dioxide Emission: Evidence from Post-communist Countries

Arletta Isaeva, Raufhon Salahodjaev, Anastas Khachaturov and Shakhnoza Tosheva
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Anastas Khachaturov: ERGO Analytics
Shakhnoza Tosheva: ERGO Analytics

Journal of the Knowledge Economy, 2022, vol. 13, issue 1, No 34, 773-786

Abstract: Abstract The purpose of this study is to investigate the causal relationship among energy consumption, carbon emission, financial development, and tourism using a sample of 12 post-communist countries in the period between 1995 and 2014. The results of Pedroni and Kao tests show the cointegration among observed variables. The Granger non-causality test demonstrates that there is bi-directional causality in financial development–tourism and energy–emission nexuses. The one-way causality is identified in cases of tourism–energy, tourism–CO2, finance–energy, and finance–CO2.

Keywords: Tourism; Finance; Energy consumption; Carbon emissions (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s13132-021-00732-x

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