Analyzing the Tourism Development and Ecological Footprint Nexus: Evidence From the Countries With Fastest-Growing Rate of Tourism GDP
Ilyas Okumus () and
Sinan Erdogan
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Ilyas Okumus: Hatay Mustafa Kemal University
Chapter Chapter 8 in Strategies in Sustainable Tourism, Economic Growth and Clean Energy, 2021, pp 141-154 from Springer
Abstract:
Abstract Sustainable development is a holistic approach that aims to do future-friendly planning with its economic, environmental and social dimensions by establishing a balance between the needs of human life and the sustainability of natural resources. Tourism, contributing to the economic development of both developed and developing countries, includes environmental, social and economic dimensions of sustainable development with this structure. Therefore, analyzing tourism development and environmental quality nexus is a crucial issue for policymakers to design effective policies for a sustainable life. The main purpose of this study is to investigate the impacts of tourism investments on the ecological footprint in the six countries (Ecuador, Egypt, Turkey, Uzbekistan, Tunisia and Sri Lanka), which are in the top 20 countries, fastest-growing in terms of tourism GDP over the period of 1995–2014. In addition to tourism investments, our quadratic EKC model includes economic growth, energy use and individual internet use as independent variables. Empirical findings reveal that tourism investments and internet uses have negative impacts on ecological footprint. On the other hand, energy consumption increases environmental degradation. Also, the existence of the EKC is confirmed in these countries.
Keywords: Tourism investments; Ecological footprint; Environmental Kuznets curve hypothesis (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-59675-0_8
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DOI: 10.1007/978-3-030-59675-0_8
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