Theoretical and Applied Economics
No. 1 / 2018 (614), Spring
The impact of carbon dioxide (CO2) emissions on tourism: Does the source of emission matter?
Akdeniz University, Antalya, Turkey
Mert TOPCU
Nevşehir Hacı Bektaş Veli University, Nevsehir, Turkey
Abstract. Tourism is often cited as an important driver of environmental degradation worldwide by previous literature. Butler (2000) alleges that tourists will not travel back to polluted and dirty destinations if they have alternative destinations available at comparable prices. It is thus likely that carbon emissions affect tourism industry as well. The goal of this paper is therefore to investigate the impact of carbon emissions on tourism receipts in the top ten country destinations around the world. We employ panel ARDL approach using the annual data for the period 1995-2010. Findings show that emissions from gaseous fuel have a positive impact whereas total emissions, emissions from solid fuel (only in the short-run) and liquid fuel have negative impact on tourism receipts. Policy implications depending on these results are also discussed.
Contents
Political economy map – A useful tool for public policy decision makers
Macroeconomic uncertainty and FDI in developing countries
Impact of foreign direct investment inflows on tax revenues in OECD countries: A panel cointegration and causality analysis
Macroprudential stability indicators of financial systems: Analysis of Bosnia and Herzegovina and Croatia
Does exchange rate always affect the number of inbound tourists significantly in China?
The effects of Turkish-Russian political relations on bilateral trade balance: Cointegration and causal analysis
The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries
Financial development, trade openness and growth in India
The impact of carbon dioxide (CO2) emissions on tourism: Does the source of emission matter?
Effect of exchange rate policy on GDP and GDP components: The Kyrgyz Republic Case
Dynamic linkages between corruption, economic growth, and income inequality in Pakistan: Say ‘No’ to corruption
Impact of defence expenditures on external debt: An econometric analysis for Turkey and Turkic Republics