Tourism and Renewable Energy in South Asia: A Panel Study

Purpose - The distinct linkage between tourism and energy has received significant attention due to the recent momentum towards green tourism and environmental sustainability. Given the present growth trajectory of the tourism industry, we examine the selected South Asian countries' tourismre...

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Autores principales:	Sakib Bin Amin, Farhan Khan
Formato:	article
Lenguaje:	EN
Publicado:	Faculty of tourism and hospitality management 2021
Materias:	tourism renewable energy panel non-granger causality variance decomposition south asia Hospitality industry. Hotels, clubs, restaurants, etc. Food service TX901-946.5
Acceso en línea:	https://doaj.org/article/e0f0433fbd604e62bbade827baa91b4f
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spelling	oai:doaj.org-article:e0f0433fbd604e62bbade827baa91b4f2021-11-05T08:16:12ZTourism and Renewable Energy in South Asia: A Panel Study10.20867/thm.27.3.51330-75331847-3377https://doaj.org/article/e0f0433fbd604e62bbade827baa91b4f2021-11-01T00:00:00Zhttps://thm.fthm.hr/images/issues/vol27no3/5_Amin_Khanhttps://doaj.org/toc/1330-7533https://doaj.org/toc/1847-3377Purpose - The distinct linkage between tourism and energy has received significant attention due to the recent momentum towards green tourism and environmental sustainability. Given the present growth trajectory of the tourism industry, we examine the selected South Asian countries' tourismrenewable energy nexus. Design - We obtain data (1995 to 2018) from the World Bank (2018) and the BP Statistical Review of World Energy (2018). Methodology - Second generation cointegration tests were conducted to verify the cointegrating relationship. DCCE and ARDL-PMG methods were used for long-run estimation. DumitrescuHurlin panel causality test was conducted to check long-run causalities. Finally, Variance Decomposition analysis was used to assess the effect of tourism on REs in the future Findings - Tourism and renewable energy consumption are positively associated in the long-run. Unidirectional causalities are observed from tourism to renewable energy uses at both the aggregate and disaggregate levels. Furthermore, tourism can significantly explain the predicted variation in the use of different renewable energies for the next 15 years. Originality - To our knowledge, this is the first study conducted to analyse the relationship between tourism and renewable energy consumption at both aggregate and disaggregated levels in South Asia. We also propose tourism-friendly renewable energy policies that may be key for continuing sustainable tourism development in the selected South Asian countries.Sakib Bin Amin Farhan Khan Faculty of tourism and hospitality managementarticletourismrenewable energypanel non-granger causalityvariance decompositionsouth asiaHospitality industry. Hotels, clubs, restaurants, etc. Food serviceTX901-946.5ENTourism and Hospitality Management, Vol 27, Iss 3, Pp 555-579 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	tourism renewable energy panel non-granger causality variance decomposition south asia Hospitality industry. Hotels, clubs, restaurants, etc. Food service TX901-946.5
spellingShingle	tourism renewable energy panel non-granger causality variance decomposition south asia Hospitality industry. Hotels, clubs, restaurants, etc. Food service TX901-946.5 Sakib Bin Amin Farhan Khan Tourism and Renewable Energy in South Asia: A Panel Study
description	Purpose - The distinct linkage between tourism and energy has received significant attention due to the recent momentum towards green tourism and environmental sustainability. Given the present growth trajectory of the tourism industry, we examine the selected South Asian countries' tourismrenewable energy nexus. Design - We obtain data (1995 to 2018) from the World Bank (2018) and the BP Statistical Review of World Energy (2018). Methodology - Second generation cointegration tests were conducted to verify the cointegrating relationship. DCCE and ARDL-PMG methods were used for long-run estimation. DumitrescuHurlin panel causality test was conducted to check long-run causalities. Finally, Variance Decomposition analysis was used to assess the effect of tourism on REs in the future Findings - Tourism and renewable energy consumption are positively associated in the long-run. Unidirectional causalities are observed from tourism to renewable energy uses at both the aggregate and disaggregate levels. Furthermore, tourism can significantly explain the predicted variation in the use of different renewable energies for the next 15 years. Originality - To our knowledge, this is the first study conducted to analyse the relationship between tourism and renewable energy consumption at both aggregate and disaggregated levels in South Asia. We also propose tourism-friendly renewable energy policies that may be key for continuing sustainable tourism development in the selected South Asian countries.
format	article
author	Sakib Bin Amin Farhan Khan
author_facet	Sakib Bin Amin Farhan Khan
author_sort	Sakib Bin Amin
title	Tourism and Renewable Energy in South Asia: A Panel Study
title_short	Tourism and Renewable Energy in South Asia: A Panel Study
title_full	Tourism and Renewable Energy in South Asia: A Panel Study
title_fullStr	Tourism and Renewable Energy in South Asia: A Panel Study
title_full_unstemmed	Tourism and Renewable Energy in South Asia: A Panel Study
title_sort	tourism and renewable energy in south asia: a panel study
publisher	Faculty of tourism and hospitality management
publishDate	2021
url	https://doaj.org/article/e0f0433fbd604e62bbade827baa91b4f
work_keys_str_mv	AT sakibbinamin tourismandrenewableenergyinsouthasiaapanelstudy AT farhankhan tourismandrenewableenergyinsouthasiaapanelstudy
_version_	1718444502550577152

Tourism and Renewable Energy in South Asia: A Panel Study

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