The role of globalization, real income, tourism in environmental sustainability target. Evidence from Turkey.

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ID: 29563
2019
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Abstract
In this study, we examine the role of real income, globalization and tourism on environmental sustainability target by applying Autoregressive Distributed Lag (ARDL) bounds testing approach that controls for structural breaks and Vector Error Correction Model (VECM) Granger causality approach that produces robust, efficient and reliable short-run and long-run estimates in the case of Turkey over the periods 1970-2014. To achieve our research objective, we examine stationarity properties of the series via unit root test after which we applied Bayer-Hanck combined cointegration technique to evaluate the presence of a long-run cointegration relationship among the series. The empirical results show that a 1% increase in real income level and international tourists' arrivals led to 0.625% and 0.129% increase in metric ton per capita CO emissions in the short-run and 0.345% and 0.071% increase in metric tons per capita CO emissions in the long-run, while globalization has non-significant negative impacts on CO emissions. The causality analysis suggest that tourism Granger causes CO emissions both in the short- and long-run, while real income and globalization only Granger cause CO emissions in the long-run. Findings also show that a one standard deviation shock to CO emissions has a noticeable positive and persistent impact on tourism, globalization and economic growth in the long-run.
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akadiri2019thethe Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Akadiri, Seyi Saint;Alola, Andrew Adewale;Akadiri, Ada Chigozie;
Journal The Science of the total environment
Year 2019
DOI
S0048-9697(19)32710-X
URL
Keywords Keywords not found

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