The Impacts Of Inbound Tourism Activities And Macroeconomic Variables On Environmental Degradation In Asean-4 (original) (raw)

Dynamic relationship between international tourism, economic growth and environmental pollution in the OECD countries: evidence from panel VAR model

Economic Research-Ekonomska Istraživanja , 2022

The aim of this study is to examine the impact of international tourism on economic growth and carbon emissions by using the Panel VAR model in selected OECD countries. By using yearly data for the periods of 1995 and 2020, we examine the dynamic rela- tionship between international tourism, economic growth, and carbon emissions using the Granger causality test and impulse responses analysis. Although we could not determine the pres- ence of a causal link between the variables using the Granger causality test, impulse responses analysis confirmed that responses of carbon emissions and economic growth to an unex- pected international tourism shock are positive and significant. On the other hand, impulse responses analysis results show that responses of carbon emissions and economic growth to unex- pected international tourism are positive and significant. The empirical findings also indicated that the responses of carbon emissions to an unexpected international tourism shock are higher than the responses of economic growth to an unexpected international tourism shock and these findings indicate that the negative impact of international tourism on environmental quality is greater than its positive impact on economic growth. Policymakers should take actions and measures to reduce the impact of international tourism on environmental deterioration. Improvements and dissemination of eco-friendly technologies in all tourism activities may help to reduce the negative impact of international tourism on carbon emissions.

How Important is Environmentally Sustainable Tourism? Evidence in Indonesia from 1974-2018 Using NARDL Cointegration

Jurnal Ekonomi & Studi Pembangunan

Tourism is one of the most important sectors of the Indonesian economy because it is one of the mainstay sectors in obtaining foreign exchange, which is expected to increase economic growth. However, along with its positive impact on economic growth, the expansion of the tourism industry is also a significant contribution to rising CO2 emissions and energy consumption. This study focuses on assessing the impact of the tourism sector as proxied by the number of international tourist visits on GDP per capita and the environment as seen from CO2 emissions and total energy consumption. This study uses data covering 44 years (1974 - 2018). The Nonlinear Autoregressive Distributed Lag (NARDL) method was used in this study. The results indicate that an increase in total foreign tourist arrivals has a positive impact on real GDP per capita and total energy consumption in the short term, whereas a decrease has a beneficial effect on reducing real GDP per capita, CO2 emissions, and total ener...

Observing the response of environmental and economic performances to tourism in light of structural changes

2023

In the current study, we explored the asymmetric impact of structural changes and tourism activities on economic performance and carbon emissions in selected economies of the Asian region from 1995 to 2020. Our findings say that the long-run estimates of positive shock in tourism are positively significant in China and India. Conversely, the estimated coefficient of negative shock in tourism is positive and significant in India only. These results confer that a rise in tourism activities causes economic growth to rise in China and India, whereas a fall in tourism activities causes economic activities to fall in India only. Similarly, a long-run positive structural change improves the economic growth in Thailand, Malaysia, and India. However, surprisingly, a long-run negative structural change also enhances the economic development of Thailand and Japan. On the other side, a positive shock in the tourism industry causes CO 2 emissions to fall in China, Japan, and Malaysia and rise in India. Likewise, a negative shock in tourist activities reduces in Japan and increases carbon emissions in Malaysia. Moreover, a positive structural change reduces CO 2 emissions in China, Thailand, and Japan, while a negative structural change reduces CO 2 emissions in China and India only.

Impact of Environmental Policy Factors on Tourism Industry: A Study from Indonesia Over Last Three Decades

International Journal of Energy Economics and Policy

The purpose of the present study analysis is to empirically examine the impact of various environmental factors on the Tourism industry in Indonesia. To achieve this objective, data is collected from World Development Indicators during the time of 1996-2016 under the title of environmental factors as defined by the experts of the world bank. A time of 22 years has been finalized for the predictors of tourism industry like forest area (FA), population growth, energy use, agriculture, forestry and fishing along with CO 2 emissions. Both descriptive and regression analysis techniques have been applied while adding the lagged predictors of both tourism industry and environmental factors. Eight regression models have been developed and results are generated through statistical tools like STATA-14. Findings of the study indicate that FA and population growth are the significant determinants of the tourism industry. Among the lagged predictors, international tourism (lagged), Nitrous oxide emissions, and lagged values of FA are significantly affecting international tourism receipt (ITR) in the region of Indonesia. For the 2 nd proxy; tourism expenditures, the key determinants under model 5-8 are, international tourism (lagged), Nitrous oxide emissions (lagged), CO 2 emission (lagged) and population growth. As per the practical implications, this study is very much useful for both the industry experts and policymakers at macro-level. Considering the set of factors as explained in the present study will provide new insight regarding sustainable development through environmental factors of the tourism industry. However, the key limitations are the lack of advance time series investigation, ignoring the impact of macroeconomic indicators and cross region analysis.

On the Nonlinear Impact of Tourism on Environment Quality in South Asia: Evidence from the NARDL Approach

Review of Economics and Development Studies

The current study inspects the nonlinear effects of tourism (TOR), energy use, and output growth on carbon emissions in the selected South Asian (SA) countries, namely Pakistan, Nepal, Sri Lanka, and India. The empirical results are obtained by implementing the recently developed nonlinear autoregressive distributive lag (NARDL) technique covering the data spanning from 1990 to 2019. The empirical findings suggest the nonlinear effect of TOR on carbon emissions in the long run. Further, the results revealed that positive shocks in TOR have a positive and significant effect on carbon emissions in the SA region. In contrast, negative shocks in TOR mitigate carbon emissions in all SA economies except Nepal. Moreover, the results demonstrate that energy use and output growth also have a meaningful impact on carbon emissions. Based on the findings, the directions for future research and policy implications are proposed.

Economic Development and Environmental Degradation in ASEAN

Signifikan: Jurnal Ilmu Ekonomi

The economic development in ASEAN still declines environmental quality, whereas the worst environmental quality became negative externality reduce output in many sectors of ASEAN’s economy. This paper aimed to analyze the two-way relationship among economic development and environmental degradation in ASEAN with the factors which influenced it. This article used a panel data from eight ASEAN countries with the period of 2004 – 2013. The analysis method used simultaneous equation model. The results showed the two-way relationship between economic development and environmental degradation in ASEAN existed. Moreover, Gross Domestic Product (GDP) per capita and energy consumption had a positive impact on environmental degradation. Meanwhile, carbon dioxide emission per capita and trade openness had a positive effect on economic development. Therefore, the economic development strategy for ASEAN countries should be directed to increase GDP per capita and reduce the energy consumption.DOI...

Re-evaluating the environmental impacts of tourism: does EKC exist?

Environmental Science and Pollution Research

The study investigates the long-run impact of tourism development on ecological footprint by employing the time-varying coefficient cointegration approach (TVC), in addition to the conventional cointegration techniques in the case of Azerbaijan for the period of 1996-2014. Based on the TVC estimation results, the coefficient of tourism development, which is the income elasticity of environmental degradation, was found to be time invariant. The paper uses energy consumption, trade, urbanization, and institutional quality indicators as control explanatory variables. The estimation results revealed that trade and energy consumption have statistically significant and positive impact on ecological footprint, while the coefficients of the other explanatory variables were found to be insignificant. Both the conventional estimation methods and the TVC concluded that, for the relationship between ecological footprint and tourism development, the EKC hypothesis is not present in Azerbaijan. Policy implications for the resource-rich economies have been discussed.

Effect of Tourism on Environmental Pollution: Further Evidence from Malaysia, Singapore and Thailand

Journal of Cleaner Production, 2018

The central aim of this study is to contribute to the encroachment of knowledge on the impact of tourism on environmental pollution by CO2 emissions ASEAN-3 namely Malaysia, Thailand and Singapore during 1990-2014. The FMOLS results reveal that the impact of tourism variable on environmental pollution is significantly positive, while for Thailand and Singapore, it is found negative and statistically significant. Empirical findings suggest that sustainable economic development should be ensured by implementing prudent public policy, where tourism industry needs to be expanded further, but the fulfillment of its responsibility towards maintaining green and sustainable environment must be top most priority.

Tourism and environmental quality nexus: Further evidence from Malaysia, Singapore and Thailand

2019

The central aim of this study is to contribute to the encroachment of knowledge on impact of tourism on environmental pollution by CO2 emissions ASEAN-3 namely Malaysia, Thailand and Singapore during 1990-2014. The FMOLS results reveal that the impact of tourism variable on environmental pollution is significantly positive, while for Thailand and Singapore, it is found negative and statistically significant. Empirical findings suggest that sustainable economic development should be ensured by implementing prudent public policy, where tourism industry needs to be expanded further but fulfilment of its responsibility towards maintaining green and sustainable environment must be top most priority.

Impact of Macroeconomic Indicators on Development Patterns: Case of Tourism Industry in Asean Region

Journal of Security and Sustainability Issues, 2019

The purpose of this research is to examine the impact of macroeconomic indicators on tourism revenue from five states of ASEAN region. To address this objective secondary data is collected over last 18 years from 2001-2017 with annual observations. Macroeconomic indicators include inflation, oil prices, industrial growth, exchange rate stock market index, and gross domestic product over time. Method of the study is based on regression OLS estimation with robust standard errors. Empirical findings indicates that key determinants for the change in tourism revenue in selected countries are exchange rate, stock market index, inflation and industrial growth. However, impact of GDP on tourism revenue is also significant for Malaysia, Indonesia, and Brunei. Study findings can be very much beneficial for present decision-making regarding growth in tourism industry in ASEAN region. Limitations of the study includes less than 20 years of time duration, ignoring the microeconomic indicators of tourism revenue and cross-sectional analysis. Future studies can address these limitations which better understanding and practical implications.