Green Growth and Sustainability: The Role of Tourism, Travel and Hospitality Service Industry in Korea

Journal of Distribution Science, Vol.11, No.7, 15-22. DOI: 10.13106/jds.2013.vol11.no7.15

8 Pages Posted: 15 Nov 2015 Last revised: 18 Dec 2017

See all articles by Jung Wan Lee

Jung Wan Lee

Anhui University of Finance and Economics; Boston University - Department of Administrative Sciences

Michael Kwag

Boston University - Department of Administrative Sciences

Date Written: July 30, 2013

Abstract

The study investigates the influence of tourism and hospitality industry on economic growth and CO2 emissions. In the empirical analysis, unit root tests, cointegration test and vector error correction model regression using time series data of South Korea from the first quarter of 1970 to the third quarter of 2010 are performed to examine the long-run equilibrium relationship and short-run dynamics among the tourism and hospitality industry, CO2 emissions, economic growth and other industry sectors. Results from cointegration techniques and vector error correction models indicate that a long-run equilibrium relationship exists among these variables. Furthermore, the tourism and hospitality industry and CO2 emissions have high significant positive effect on economic growth. The tourism and hospitality industry in Korea, in turns, shows a high significant positive impact on economic growth while the industry sector incurs a high significant negative impact on CO2 emissions.

Keywords: tourism, hospitality, economic growth, carbon emissions, Korea

JEL Classification: O41, O44, Q55, Q56, Q58

Suggested Citation

Lee, Jung Wan and Kwag, Michael, Green Growth and Sustainability: The Role of Tourism, Travel and Hospitality Service Industry in Korea (July 30, 2013). Journal of Distribution Science, Vol.11, No.7, 15-22. DOI: 10.13106/jds.2013.vol11.no7.15 . Available at SSRN: https://ssrn.com/abstract=2690470

Jung Wan Lee (Contact Author)

Anhui University of Finance and Economics ( email )

962 CaoShan Road
Bengbu, Anhui 233030
China
86 166 5525 6962 (Phone)

HOME PAGE: http://www.aufe.edu.cn

Boston University - Department of Administrative Sciences ( email )

808 Commonwealth Avenue
Boston, MA 02215
United States
617 358 5627 (Phone)
617 353 6840 (Fax)

HOME PAGE: http://www.bu.edu/met

Michael Kwag

Boston University - Department of Administrative Sciences ( email )

United States

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