The impact of tourism developments on CO2 emissions: An advanced panel data estimation. (January 2020)

• Record Type: Journal Article
• Authors: Koçak, Emrah; Ulucak, Recep; Ulucak, Zübeyde Şentürk
• Is Part Of: Tourism management perspectives. Volume 33(2020)
• Publication Date: 2020-01
• Subjects: Tourism-climate nexus -- Tourism developments -- CO2 emissions -- STIRPAT model -- Advanced panel data; Tourism -- Periodicals; 338.4791
• DOI: 10.1016/j.tmp.2019.100611
• Languages: English
• ISSNs: 2211-9736

Abstract

Abstract: Vulnerability and interaction between tourism and climate change are among the most important issues discussed recently. In this context, this study focuses primarily on how CO2 emissions, the main source of global warming and climate change, react to tourism developments. To this end, the impact of tourism developments on CO2 emissions in the most visited countries is examined from 1995 to 2014 by conducting the continuously updated fully modified (CUP-FM) and the continuously updated bias-corrected (CUP-BC) estimators. Empirical results indicate that tourism arrivals have an increasing effect on CO2 emissions, while tourism receipts have a reducing effect on CO2 emissions. Results also reveal a possible co-movement and causal relationship between tourism developments and CO2 emissions in the long-run. Highlights: Investigates vulnerability and interaction between tourism developments and CO2 emissions. Employs annual data of most visited countries for the period 1995–2014. Performs advanced panel data methodologies that take the cross-sectional dependence into account. Reveals a possible co-movement and causal relationship between tourism developments and CO2 emissions in the long-run