Abstract

http://ssrn.com/abstract=2276029
 


 



Investigating the Influence of Tourism on Economic Growth And Carbon Emissions: Evidence from Panel Analysis of the European Union


Jung-Wan Lee


Boston University

Tantatape Brahmasrene


Purdue University North Central

February 23, 2013

Tourism Management, Vol. 38 (2013), pp. 69-76

Abstract:     
The study investigates the influence of tourism on economic growth and CO2 emissions. In the empirical analysis, unit root and cointegration tests using panel data of European Union countries from 1988 to 2009 are performed to examine the long-run equilibrium relationship among tourism, CO2 emissions, economic growth and foreign direct investment (FDI). Results from panel cointegration techniques and fixed-effects models indicate that a long-run equilibrium relationship exists among these variables. Furthermore, tourism, CO2 emissions and FDI have high significant positive effect on economic growth. Economic growth, in turns, shows a high significant positive impact on CO2 emissions while tourism and FDI incur a high significant negative impact on CO2 emissions.

Keywords: tourism, economic growth, carbon emissions, foreign direct investment, European Union

JEL Classification: Q2, R1, Z

Accepted Paper Series


Not Available For Download

Date posted: June 8, 2013  

Suggested Citation

Lee, Jung-Wan and Brahmasrene, Tantatape, Investigating the Influence of Tourism on Economic Growth And Carbon Emissions: Evidence from Panel Analysis of the European Union (February 23, 2013). Tourism Management, Vol. 38 (2013), pp. 69-76. Available at SSRN: http://ssrn.com/abstract=2276029

Contact Information

Jung-Wan Lee (Contact Author)
Boston University ( email )
595 Commonwealth Avenue
Boston, MA 02215
United States
Tantatape Brahmasrene
Purdue University North Central ( email )
1401 South US 421
Westville, IN 46391
United States
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