Green innovation for the ecological footprints of tourism in China. Fresh evidence from ARDL approach

Zihui Liu, Xuebin Huang and Anfeng Xu

Economic Research-Ekonomska Istraživanja, 2023, vol. 36, issue 2, 2172600

Abstract: This study’s objective is to analyze ecological footprints that exist among China’s economic growth, energy consumption, carbon dioxide emissions, and the revenue that is generated from tourism in other countries. The years 1995 through 2020 are the focus of this particular research endeavor. The relationship between tourism and carbon emissions has been discovered by a large number of researchers; nevertheless, the findings have been inconsistent and do not give a clear picture of the situation. We can only hope that the results of the study will improve the existing body of knowledge on tourism and the quality of the surrounding environment. Throughout the whole of this investigation, the autoregressive distributed lagged (ARDL) model was used to explore both long-run and short-run estimations. A dynamic ordinary least squares (DOLS) model was used in the study to arrive at long-term estimations that could be relied upon. Even though money from tourism does not have a substantial influence on the quality of the environment in China, growth and increasing energy usage are primary donors to carbon emissions in the nation. ARDL model’s long-term projections were shown to be correct by the DOLS approach, which offered this validation. The results of the research provide fresh insights into the body of knowledge that has been accumulated on the subject of the linkage between tourism and the natural environment. Because the receipts from tourism do not have any significant negative exteriority toward the environment, energy usage is an important element of environmental degradation and policymakers should prioritize the development of the tourism sector over energy-focused manufacturing activities to maintain the growth of the nation in the upper quartiles. This is because tourism does not have any significant negative externalities on the environment. Sustainable tourism minimizes environmental and cultural damage while boosting profits. Developing the appropriate technology, physical infrastructure, and human capital requires money, time, and effort.

Date: 2023
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DOI: 10.1080/1331677X.2023.2172600

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