Renewable Energy Matters for Tourism Industry in BRICS Plus Turkey Countries

Elma Satrovic, Adnan Muslija and Eda Yasa Ozelturkay ()
Additional contact information
Elma Satrovic: Cag University
Adnan Muslija: University of Sarajevo
Eda Yasa Ozelturkay: Cag University

A chapter in Strategic Innovative Marketing and Tourism, 2020, pp 149-158 from Springer

Abstract: Abstract The scope of this paper is to investigate whether or not the renewable energy influences the tourism industry in the case of BRICS plus Turkey countries. Due to the fact that the primary energy source in these countries is fossil fuels, this has risen up a serious concern on environmental issues. The motivation to select these countries lies in the fact that all of these six have recorded an exponential economic growth in the last few decades. As a consequence, the standard of living has been increased as well as the energy consumption. Thus, the annual panel data are collected in the period between 1995 and 2015 in the case of BRICS countries plus Turkey to explore the link of interest. We have employed the panel VAR methodology. The most important findings suggest a response of tourism industry to renewable energy to be significant and negative. However, this negative relationship holds true in the short-run while the long-run impact tends to be positive. These results can be of great importance for policy makers, thus this paper summarizes in detail the policy implications.

Keywords: BRICS countries; Turkey; Renewable energy; Tourism (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:prbchp:978-3-030-36126-6_17

Ordering information: This item can be ordered from
http://www.springer.com/9783030361266

DOI: 10.1007/978-3-030-36126-6_17

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().