Journal
TOURISM MANAGEMENT
Volume 54, Issue -, Pages 275-283Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.tourman.2015.12.001
Keywords
Tourism development; Carbon dioxide emissions; Per capita GDP; Energy demand; Gross fixed capital formation; Health expenditures; Panel techniques
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The study investigates the relationship between economic growth, carbon dioxide emissions, tourism development, energy demand, domestic investment and health expenditures with an aim to test the validity of the Environmental Kuznets Curve (EKC) hypothesis in the panel of three diversified World's region including East Asia & Pacific, European Union and High income OECD and Non-OECD countries. The study covers the period of last nine years i.e. 2005-2013. The study used the principal component analysis (PCA) to construct tourism development index which is the amalgamation of number of tourists' arrivals, tourism receipts and international tourism expenditures. The results validate the inverted U-shaped relationship between carbon emissions and per capita income in the region. The results further substantiate the following causal relationships i.e. i) tourism-induced carbon emissions, ii) energy induced emissions, iii) investment induced emissions, iv) growth led tourism, v) investment led tourism and vi) health led tourism development in the region. (C) 2015 Elsevier Ltd. All rights reserved.
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