Energy, tourism, finance, and resource depletion: panel data analysis. Issue 11 (2nd December 2018)

• Record Type: Journal Article
• Authors: Bhuiyan, Miraj Ahmed; Zaman, Khalid; Shoukry, Alaa Mohamd; Gani, Showkat; Sharkawy, Mohamed A.; Sasmoko, ; Khan, Aqeel; Ahmad, Adnan; Hishan, Sanil S.
• Is Part Of: Energy sources. Volume 13:Issue 11/12(2018)
• Page Start: 463
• Page End: 474
• Publication Date: 2018-12-02
• Subjects: Nuclear energy consumption -- resource depletion -- financial factors -- net tourism receipts -- dynamic panel GMM -- panel causality; Natural resources -- Periodicals; Energy consumption -- Periodicals; Energy consumption -- Climatic factors -- Periodicals; Energy conversion -- Periodicals; Energy conversion -- Environment aspects -- Periodicals; 333.7905
• DOI: 10.1080/15567249.2019.1572837
• Languages: English
• ISSNs: 1556-7249

Abstract

ABSTRACT: This study examines the dynamic linkages between alternative and nuclear energy consumption, tourism receipts, bank-specific factors, and environment and resource factors in a heterogeneous panel of countries for the period 1995–2016. The study also addresses the United Nations sustainable development agenda under a resource conservation framework across countries. A two-step differenced Generalized Method of Moments (GMM) estimator is employed for robust inferences. The results show that bank-specific factors substantially reduce resource depletion, whereas international tourism increases energy resource depletion and carbon emissions across countries. Nuclear energy consumption reduces resource depletion, whereas industrial value added increases resource depletion and carbon emissions; thus, it is imperative to devise strong policies for sustainable production across countries. The results of panel causality tests confirm different causality patterns among the studied variables. The study concludes that an environmental and resource conservation process needs sustainable policy instruments, including cleaner production techniques, renewable energy sources, and sustainable production and consumption to achieve green growth.