Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis

The positive impact of the tourism industry on economic growth, revenues, infrastructure, employment, social inclusion and poverty reduction, although widely recognised, has been lately weighted against the appearance and exacerbation of several problems, such as: environmental footprint, increase...

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Autores principales:	Daniel Badulescu, Ramona Simut, Ioana Mester, Simona Dzitac, Mariana Sehleanu, Dorin Paul Bac, Alina Badulescu
Formato:	article
Lenguaje:	EN
Publicado:	Vilnius Gediminas Technical University 2021
Materias:	international tourism economic growth environment Autoregressive Distributed Lag Principal Component Analysis Economic growth, development, planning HD72-88 Business HF5001-6182
Acceso en línea:	https://doaj.org/article/c0559ad37d144f7080185642d2ea7104
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spelling	oai:doaj.org-article:c0559ad37d144f7080185642d2ea71042021-11-18T16:03:47ZDo economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis10.3846/tede.2021.157812029-49132029-4921https://doaj.org/article/c0559ad37d144f7080185642d2ea71042021-11-01T00:00:00Zhttps://www.jbem.vgtu.lt/index.php/TEDE/article/view/15781https://doaj.org/toc/2029-4913https://doaj.org/toc/2029-4921 The positive impact of the tourism industry on economic growth, revenues, infrastructure, employment, social inclusion and poverty reduction, although widely recognised, has been lately weighted against the appearance and exacerbation of several problems, such as: environmental footprint, increase of income inequality, cost increases related to solid waste collection, energy consumption, increased global CO2 emissions. On the other hand, the tourism sector is not just an active economic, societal, or environmental change agent; in turn, the tourism sector supports or is highly influenced by various factors, such as climate change, economic, political, or social factors. More recently, this industry has been highly impacted by the pandemic, technological developments and cultural trends. In this article we examined both the short and long-run relationship between tourism development and economic growth, CO2 emissions and energy consumption in European Union member states (EU27), by using the Principal Component Analysis (PCA) technique and autoregressive distributed lag (ARDL) model for panel data. The findings suggest that economic growth and energy consumption have a statistically significant impact on the tourism index both in the short and long-run, whereas CO2 emissions only have a significant impact upon the tourism index on the long run. Daniel BadulescuRamona SimutIoana MesterSimona DzitacMariana SehleanuDorin Paul BacAlina BadulescuVilnius Gediminas Technical Universityarticleinternational tourismeconomic growthenvironmentAutoregressive Distributed LagPrincipal Component AnalysisEconomic growth, development, planningHD72-88BusinessHF5001-6182ENTechnological and Economic Development of Economy, Vol 27, Iss 6 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	international tourism economic growth environment Autoregressive Distributed Lag Principal Component Analysis Economic growth, development, planning HD72-88 Business HF5001-6182
spellingShingle	international tourism economic growth environment Autoregressive Distributed Lag Principal Component Analysis Economic growth, development, planning HD72-88 Business HF5001-6182 Daniel Badulescu Ramona Simut Ioana Mester Simona Dzitac Mariana Sehleanu Dorin Paul Bac Alina Badulescu Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis
description	The positive impact of the tourism industry on economic growth, revenues, infrastructure, employment, social inclusion and poverty reduction, although widely recognised, has been lately weighted against the appearance and exacerbation of several problems, such as: environmental footprint, increase of income inequality, cost increases related to solid waste collection, energy consumption, increased global CO2 emissions. On the other hand, the tourism sector is not just an active economic, societal, or environmental change agent; in turn, the tourism sector supports or is highly influenced by various factors, such as climate change, economic, political, or social factors. More recently, this industry has been highly impacted by the pandemic, technological developments and cultural trends. In this article we examined both the short and long-run relationship between tourism development and economic growth, CO2 emissions and energy consumption in European Union member states (EU27), by using the Principal Component Analysis (PCA) technique and autoregressive distributed lag (ARDL) model for panel data. The findings suggest that economic growth and energy consumption have a statistically significant impact on the tourism index both in the short and long-run, whereas CO2 emissions only have a significant impact upon the tourism index on the long run.
format	article
author	Daniel Badulescu Ramona Simut Ioana Mester Simona Dzitac Mariana Sehleanu Dorin Paul Bac Alina Badulescu
author_facet	Daniel Badulescu Ramona Simut Ioana Mester Simona Dzitac Mariana Sehleanu Dorin Paul Bac Alina Badulescu
author_sort	Daniel Badulescu
title	Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis
title_short	Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis
title_full	Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis
title_fullStr	Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis
title_full_unstemmed	Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis
title_sort	do economic growth and environment quality contribute to tourism development in eu countries? a panel data analysis
publisher	Vilnius Gediminas Technical University
publishDate	2021
url	https://doaj.org/article/c0559ad37d144f7080185642d2ea7104
work_keys_str_mv	AT danielbadulescu doeconomicgrowthandenvironmentqualitycontributetotourismdevelopmentineucountriesapaneldataanalysis AT ramonasimut doeconomicgrowthandenvironmentqualitycontributetotourismdevelopmentineucountriesapaneldataanalysis AT ioanamester doeconomicgrowthandenvironmentqualitycontributetotourismdevelopmentineucountriesapaneldataanalysis AT simonadzitac doeconomicgrowthandenvironmentqualitycontributetotourismdevelopmentineucountriesapaneldataanalysis AT marianasehleanu doeconomicgrowthandenvironmentqualitycontributetotourismdevelopmentineucountriesapaneldataanalysis AT dorinpaulbac doeconomicgrowthandenvironmentqualitycontributetotourismdevelopmentineucountriesapaneldataanalysis AT alinabadulescu doeconomicgrowthandenvironmentqualitycontributetotourismdevelopmentineucountriesapaneldataanalysis
_version_	1718420809660235776

Do economic growth and environment quality contribute to tourism development in EU countries? A panel data analysis

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