The effects of tourism market diversification on CO<sub>2</sub> emissions: evidence from Australia

Peng, Yi‐Ting; Saboori, Behnaz; Ranjbar, Omid; Can, Muhlis

doi:10.1080/13683500.2022.2071683

Cited by 17 publications

(6 citation statements)

References 15 publications

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“…Diversification of the tourism portfolio of destinations has been discussed in various studies (See for example, Wortman et al, 2016; Kong and Chang, 2012; Benur and Bramwell, 2015; Chen et al, 2011; Jang and Chen, 2008; Yap et al, 2022; Peng et al, 2022). Applying the financial portfolio theory, Jang and Chen (2008) investigated optimal market mixe to lessen the instability of inbound tourist market demand to Taiwan.…”

Section: Introductionmentioning

confidence: 99%

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A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

Saboori

Ghader

Soleymani³

2022

Tourism Economics

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In this study for the first time, we examined the effect of tourism market diversification (TMD) on economic growth for 109 countries categorized by income groups. Employing Quantile regression, the results revealed that TMD contributes to the economic growth of low- and lower-middle-income countries only at the lower, and lower-to-intermediate quantiles. In high-income countries, TMD not only has no significant effect on economic growth at lower quantile of GDP, but its effect tends to be negative at higher quantiles. Our findings indicated that TMD strategies work better at lower levels of economic growth than at higher levels of economic growth.

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Section: Introductionmentioning

confidence: 99%

“…In recent studies, Yap et al (2022) employed TMD data and reported that it has a positive significant effect on inbound tourism in Qatar. Peng et al (2022) used the same database and tested the effect of TMD on environmental degradation in Australia.…”

Section: Introductionmentioning

confidence: 99%

A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

Saboori

Ghader

Soleymani³

2022

Tourism Economics

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“…Recently, Peng et al examined the effect of tourism market diversification on CO 2 emissions in Australia. They found that tourism market diversification in Australia has a positive impact on CO 2 emissions in the long run [61].…”

Section: Energy Consumption Co 2 Emission and International Tourist A...mentioning

confidence: 99%

Revisiting the Environmental Kuznets Curve Hypothesis in the MENA Region: The Roles of International Tourist Arrivals, Energy Consumption and Trade Openness

2023

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This paper employed advanced panel methods to examine the effects of international tourist arrivals on CO2 emissions in the Middle East and North Africa (MENA) region over the period of 1995–2018. To analyze the predictive power of tourist arrivals for CO2 emissions, the panel Granger non-causality test was employed. Employing the common correlated effects mean group estimator showed that tourist arrival reduces CO2 emissions, while energy consumption and trade openness are the main contributors of CO2 emissions. Results also showed that although first-generation estimators confirmed the Environmental Kuznets Curve (EKC) hypothesis, according to the CCE-MG estimator, an inverted U-shaped association between economic progress and CO2 emissions does not exist. Furthermore, the null hypothesis of non-Granger causality from tourist arrivals to CO2 emissions was rejected. The findings suggest taking a more sustainable approach to tourism development and energy conservation in the long run.

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“…The significance of tourism contributions to economic conditions, job opportunities, infrastructural development, and the balance of payments are apparent and critical (Huseynov, 2023 ; Mittal & Sinha, 2022 ; Peng et al, 2022 , 2023 ). Despite the benefits, it is evident that an overwhelming rise in tourism may have detrimental effects (i.e., environmental damage, increased energy consumption, and transportation) (Razzaq et al, 2023 ; Yang et al, 2023 ).…”

Section: Theoretical Background and Empirical Reviewmentioning

confidence: 99%

“…The literature shows that these uncertainties affect the economic agent’s behavior, consumption choice delays, and investment. In line with this, tourism market diversification may also act as an important factor in reducing the reliance on socio-political and financial fluctuations (Can & Gozgor, 2018 ; Peng et al, 2022 , 2023 ). GPR relates to the political commotion, discord, and contentious problems and is considered a business cycle transition indicator (Tiwari et al, 2019 ).…”

Section: Theoretical Background and Empirical Reviewmentioning

confidence: 99%

Sustainable development goals perspective: nexus between Christians’ religious tourism, geopolitical risk, and CO2 pollution in Italy

Nawaz

Guo

Nawaz

et al. 2023

Environ Sci Pollut Res

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Travel and tourism support a country’s economy and improve its social outlook. The religious inclination is an important factor influencing tourism and constitutes a significant part of general tourism. Thus, assessing and evaluating its real impacts on a country is crucial. As the world continues to grapple with the effects of environmental degradation, numerous studies have delved into the research between tourism, energy consumption, and pollution emissions. However, the impact of religious tourism on the environment is often overlooked. To bridge this gap, this study explores the relationship between religious tourist arrivals, geopolitical risk, and environmental quality in Italy. By employing ARDL and wavelets coherence analysis on the Italian data from 1997 to 2019, the findings of this study reveal a mitigation effect of religious tourist arrivals and geopolitical risk on CO 2 pollution levels. In contrast, it highlights the significance of foreign direct investment and transportation as significant contributors to CO 2 pollution. In conclusion, the study highlights the crucial role that religious tourism and religious leaders can play in mitigating environmental pollution and the importance of considering this aspect in future environmental studies as well as emphasize the need for Italian authorities to pay close attention to the impact of foreign direct investment and transportation energy consumption on the environment to achieve sustainable development goals.

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The effects of tourism market diversification on CO₂ emissions: evidence from Australia

Cited by 17 publications

References 15 publications

A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

Revisiting the Environmental Kuznets Curve Hypothesis in the MENA Region: The Roles of International Tourist Arrivals, Energy Consumption and Trade Openness

Sustainable development goals perspective: nexus between Christians’ religious tourism, geopolitical risk, and CO2 pollution in Italy

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The effects of tourism market diversification on CO2 emissions: evidence from Australia

Cited by 17 publications

References 15 publications

A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

Revisiting the Environmental Kuznets Curve Hypothesis in the MENA Region: The Roles of International Tourist Arrivals, Energy Consumption and Trade Openness

Sustainable development goals perspective: nexus between Christians’ religious tourism, geopolitical risk, and CO2 pollution in Italy

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The effects of tourism market diversification on CO₂ emissions: evidence from Australia