Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

Murshed, Muntasir; Mahmood, Haider; Alkhateeb, Tarek Tawfik Yousef; Banerjee, Suvajit

doi:10.3390/su12208341

Cited by 36 publications

(22 citation statements)

References 48 publications

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“…Ignoring such CSD issues could lead to the estimation of biased and inconsistent stationarity and cointegrating properties [65]. Hence, following Murshed et al [66,67], the Pesaran [68] CSD test is used to check for CSD. This method is chosen because of its capacity to handle datasets with small cross-sectional units and finite time dimensions.…”

Section: Methodsologymentioning

confidence: 99%

Renewable Energy Use and Ecological Footprints Mitigation: Evidence from Selected South Asian Economies

et al. 2021

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Fossil fuel-dependency has induced a trade-off between economic growth and environmental degradation across the developing nations in particular. Against this backdrop, this study aims to evaluate the impacts of renewable energy use on the ecological footprints in the context of four South Asian fossil fuel-dependent nations: Bangladesh, India, Pakistan, and Sri Lanka. The econometric analysis involves the use of recently developed methods that account for cross-sectional dependency, slope heterogeneity, and structural break issues in the data. The results reveal that renewable energy consumption reduces the ecological footprints while nonrenewable energy use boosts the ecological footprints. The results also confirm the validity of the environmental Kuznets curve and pollution haven hypotheses for the panel of the South Asian nations. Besides, foreign direct investment inflows are found to degrade the environment while higher institutional quality improves it. Furthermore, unidirectional causalities are run from overall energy use, economic growth, and institutional quality to ecological footprints. At the same time, bidirectional associations between foreign direct investment inflows and ecological footprints are also ascertained. The overall findings highlight the pertinence of reducing fossil fuel-dependency, enhancing economic growth, restricting dirty foreign direct investment inflows, and improving institutional quality to ensure environmental sustainability across South Asia.

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Section: Methodsologymentioning

confidence: 99%

Renewable Energy Use and Ecological Footprints Mitigation: Evidence from Selected South Asian Economies

et al. 2021

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“…Moreover, fragile infrastructure, lack of political will to invest in welfare systems, climate vulnerabilities, and the vast numbers of populations in Asia’s continent make it a provocative case to examine. At the same time, energy consumption trends in Asian economies are critical to the environment (Murshed et al, b ).…”

Section: Introductionmentioning

confidence: 99%

The roles of economic growth and health expenditure on CO2 emissions in selected Asian countries: a quantile regression model approach

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et al. 2021

Environ Sci Pollut Res

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Continuous economic growth and the rise in energy consumption are linked with environmental pollution. Demand for health care expenditure increased after the COVID-19 pandemic. This study is interesting in modeling the nexus between public and private health expenditure, carbon dioxide emissions, and economic growth. To this end, the present study analyzed the nexus between public and private health care expenditure, economic growth, and environmental pollution for 36 Asian countries for the period 1991–2017. FMOLS, GMM, and quantile regression analysis confirm the EKC hypothesis in Asia. Besides, FMOLS and quantile regressions reached the reducing effects of government and private health expenditures on CO 2 emissions. While quantile regression results show that public and private health expenditures can mitigate CO 2 emissions; however, these results differ for various levels of CO 2 . Findings of quantile regression show a significant impact of both public and private health expenditures in reducing CO 2 at the 50 th and 75 th quantiles but results are insignificant for the 25 th quantile. Overall, the paper concludes that both government and private health sectors’ expenditures caused CO 2 emissions to decrease in Asia and that the negative impact of the private health sector on CO 2 emissions is greater than that of the government health sector. The concluding remark is that the higher the health spending, the higher the environmental quality will be in Asia. Hence, the health administrators need to increase public and private health expenditures with an effective cost-service and energy-efficient management approach to reach sustainable health services and a sustainable environment in Asia. Supplementary Information The online version contains supplementary material available at 10.1007/s11356-021-13639-6.

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“…Murshed ( 2020a ) and Murshed et al. ( 2020b ) find the instrumental roles of ICT trade as improving energy efficiency, increasing renewable energy consumption in total energy consumption, and enhancing access to cleaner cooking fuels and technology. Shah et al.…”

Section: Practical Implications Of Rci On Environmental Sustainability: Evidence From South Asiamentioning

confidence: 99%

Regional integration and environmental sustainability during the COVID‐19 pandemic: Evidence from South Asia

et al. 2021

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South Asia, a sub‐region with nearly a third of the world's population living in extreme poverty and hunger, has been affected by the COVID‐19 pandemic in an unprecedented way. The pandemic has undermined the progress achieved by the subregion towards attaining sustainable development goals. This study argues that fostering environmental sustainability in the South Asian region is crucial to “Building Back Better” while taking cognisance of future climate‐related risks. With the low level of preparedness, the collapse of global supply chains, and restrictive regional integration, the individual country in the region lacks the fiscal and technical capacity to implement sustainable development goals effectively. Therefore, based on the analytical approach to regional integration, this paper explores the potential role of regional integration in ensuring environmental sustainability in South Asia. Additionally, this study illustrates how the COVID‐19 pandemic has affected several environmental aspects at the regional level, such as clean energy, disaster risk reduction, and waste management, and shows how regional cooperation can address these challenges post pandemic. While previous studies mainly focus on regional integration in the European Union, this study targets the crucial importance of regional cooperation in South Asia in achieving environmental sustainability.

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Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

Cited by 36 publications

References 48 publications

Renewable Energy Use and Ecological Footprints Mitigation: Evidence from Selected South Asian Economies

Renewable Energy Use and Ecological Footprints Mitigation: Evidence from Selected South Asian Economies

The roles of economic growth and health expenditure on CO2 emissions in selected Asian countries: a quantile regression model approach

Regional integration and environmental sustainability during the COVID‐19 pandemic: Evidence from South Asia

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