The role of international tourism on energy consumption: empirical evidence from Turkey
Korhan K. Gokmenoglu and
Baris Memduh Eren
Current Issues in Tourism, 2020, vol. 23, issue 9, 1059-1065
Abstract:
Although tourism is one of the most critical sectors of an economy, the literature has highly ignored its role as a potential determinant of energy consumption. To fill this gap, we investigate the role of international tourism on the energy consumption of Turkey, from 1960 to 2015, in a multivariate framework. Powerful (Bayer, C., & Hanck, C. (2013). Combining non-cointegration tests. Journal of Time Series Analysis, 34(1), 83–95) cointegration and (Hacker, R. S., & Hatemi-J, A. (2006). Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application. Applied Economics, 38(13), 1489–1500) bootstrap causality tests provide empirical evidence for the importance of the tourism sector on energy consumption for the sample investigated. Our findings can pave the way to establish sector-specific policy recommendation those will be important for several aspects such as sustainability of tourism led growth, competitiveness of the tourism sector and environmental protection.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rcitxx:v:23:y:2020:i:9:p:1059-1065
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DOI: 10.1080/13683500.2019.1574723
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