Journal
JOURNAL OF THE KNOWLEDGE ECONOMY
Volume 13, Issue 1, Pages 773-786Publisher
SPRINGER
DOI: 10.1007/s13132-021-00732-x
Keywords
Tourism; Finance; Energy consumption; Carbon emissions
Categories
Ask authors/readers for more resources
The study examines the causal relationship among energy consumption, carbon emission, financial development, and tourism in 12 post-communist countries from 1995 to 2014. The results show cointegration among variables and bi-directional causality in financial development-tourism and energy-emission nexuses. One-way causality is identified in cases of tourism-energy, tourism-CO2, finance-energy, and finance-CO2.
The purpose of this study is to investigate the causal relationship among energy consumption, carbon emission, financial development, and tourism using a sample of 12 post-communist countries in the period between 1995 and 2014. The results of Pedroni and Kao tests show the cointegration among observed variables. The Granger non-causality test demonstrates that there is bi-directional causality in financial development-tourism and energy-emission nexuses. The one-way causality is identified in cases of tourism-energy, tourism-CO2, finance-energy, and finance-CO2.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available