Assessing the Dynamic Impact of Tourism, Industrialization, Urbanization, and Globalization on Growth and Environment in Southeast Asia

International Journal of Sustainable Development & World Ecology, Vol. 24, No. 4, pp. 362-371, 2017; DOI: 10.1080/13504509.2016.1238021

Posted: 20 Dec 2017 Last revised: 22 Dec 2017

See all articles by Tantatape Brahmasrene

Tantatape Brahmasrene

Purdue University North Central

Jung Wan Lee

Boston University - Department of Administrative Sciences

Date Written: August 30, 2017

Abstract

The purpose of this article is to investigate the impact of growth and environment in Southeast Asia. Extending existing research, this research builds on variables such as tourism, industrialization, urbanization, globalization, economic growth, and environment in a multivariate format. Cointegration tests and panel regression models are employed in the empirical analysis using panel data of Southeast Asian countries. The research discovers a long-run equilibrium relationship between carbon dioxide emissions, tourism, industrialization, urbanization, globalization, and economic growth. Accordingly, pertaining to short-run analysis, tourism, urbanization, and globalization directly affect economic growth while industrialization is insignificant. Further analysis shows the extent to which these factors impact environment. The results reveal an intriguing paradox that tourism negatively impacts carbon emissions in the region while industrialization and urbanization directly cause carbon emissions. These findings suggest the effectiveness of green or ecotourism in the region and highlight how Southeast Asian countries develop policies to curb carbon emission levels and leverage these attributes for sustainable environment.

Keywords: Economic Growth, Industrialization, Urbanization, Globalization, Environment, Tourism, Carbon Dioxide Emission, Asia

Suggested Citation

Brahmasrene, Tantatape and Lee, Jung Wan, Assessing the Dynamic Impact of Tourism, Industrialization, Urbanization, and Globalization on Growth and Environment in Southeast Asia (August 30, 2017). International Journal of Sustainable Development & World Ecology, Vol. 24, No. 4, pp. 362-371, 2017; DOI: 10.1080/13504509.2016.1238021 . Available at SSRN: https://ssrn.com/abstract=3089072

Tantatape Brahmasrene

Purdue University North Central ( email )

1401 South US 421
Westville, IN 46391
United States

Jung Wan Lee (Contact Author)

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

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