The effects of tourism and globalization over environmental degradation in developed countries

Daniel Balsalobre-Lorente, Oana M. Driha, Muhammad Shahbaz and Avik Sinha

MPRA Paper from University Library of Munich, Germany

Abstract: This paper focuses on long-term evidence on economic growth, international tourism, globalization, energy consumption and carbon dioxide (CO2) emissions in OECD countries for the period of 1994-2014. The empirical analysis reveals that climate change is magnified by energy use, tourism and economic growth. An inverted U-shaped relationship is also found between international tourism and CO2 emissions. The contribution of international tourism to climate change in the early stages of development is thus diminished by globalization in the later stages. In other words, globalization appears to reduce carbon emissions from international tourism. The empirical results provide additional arguments for shaping regulatory frameworks aimed at reversing the current energy mix in OECD countries by facilitating energy efficiency and promoting renewable sources.

Keywords: Tourism; Globalization; CO2 Emissions; Economic Growth; Energy (search for similar items in EconPapers)
JEL-codes: Q5 Q53 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

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https://mpra.ub.uni-muenchen.de/100132/9/MPRA_paper_100132.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:100092

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