This study observes the persuade of labour force, capital formation, energy use, urbanization and income growth on environmental degradations and confirm the EKC with Consumption of energy in selected developed nations using the panel data during the time period 1995 to 2021. The estimated outcomes of the paper illustrate that when use of energy increases the environmental quality improves. The association between income growth and carbon emission is negative and statistically significant in the long run while, positive in the short run in case of selected developed countries. In long-term labour force and capital formation has positive influence on carbon emanation. Carbon emissions initially rise as consumption of energy rises in the long-term, but after a particular position, it starts reduce. This study suggests that environment can be improved by income growth in the selected developed countries. Controlling urbanization development will allow for a reduction in carbon emissions while enhancing agricultural practices. To reduce carbon emissions, energy usage should be effectively managed and optimized. Furthermore, direction of environmental degradation can be reduced by income growth with optimal use of capital and labor to achievement of better climate conditions.
The current study aims at studying tourism which has emerged as one of the most dynamic rising international industries for economies. The present study inspects the influence of tourism receipts, trade openness, investment and population on the economic growth of selected Asian nations between 1995 and 2021. The data for the variable of interest has been taken from the Global Development Indicator (WDI). Checks for LLC and IPS have been conducted on stationary. Both the models, FMOLS and the Dynamic OLS, have been used to capture both short and long-run flexibility. For this objective, the Granger causality technique has been utilized. The results indicate that tourism receipts have a favorable and substantial effect on the economic growth of some Asian nations. The study also shows that the tourism sector has ample capacity to contribute to economic growth; therefore, tourist-attractive places should be provided with essential amenities such as connectivity and infrastructure.
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