The Empirical Evidence on Tourism-Urbanization-CO2 Emissions Nexus

Šatrović, Elma; Muslija, Adnan

doi:10.30519/ahtr.484287

Cited by 39 publications

(17 citation statements)

References 37 publications

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“…Therefore, the study suggests, "the policy-makers should put higher attention to reduce pollution" (Shakouri et al, 2017). Lastly, the policy makers should focus on "promoting the development of sustainable tourism since the environment-friendly tourism is suggested to be the only acceptable one" (Satrovic & Muslija, 2019).…”

Section: Discussionmentioning

confidence: 99%

China-Pakistan Economic Corridor and Climate Change: The Mediation Role of Tourism Development

Karim¹

2020

PSSR

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This research aims to explore the role of China Pakistan Economic Corridor (CPEC) on tourism development and tourism development on climate change. In addition, the study also examines the mediating role of tourism development on the relationship between China Pakistan Economic Corridor and climate change. The study employed "Partial Least Square Structural Equation Modeling Approach" and results from the structural analysis suggest that CPEC significantly influences tourism development and tourism development in return significantly contributes to climate change. Moreover, tourism development partially mediates the relationship between CPEC and climate change. The findings of this study extend the understanding of CPEC and Tourism development in the context of climate change and offer implications for policy makers and other stake holders to minimize the destruction of climate change in future

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Section: Discussionmentioning

confidence: 99%

China-Pakistan Economic Corridor and Climate Change: The Mediation Role of Tourism Development

Karim¹

2020

PSSR

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“…In addition, one should be very careful while interpreting the results of the panel VAR model. This is due to the fact that variables are interdependent in the model (Satrovic and Muslija, 2019). Thereby, the estimated coefficients provide very limited information on the reaction to the innovations or shock.…”

Section: Methodsmentioning

confidence: 99%

Do Innovation and Entrepreneurship Have Dominant Roles in Economic Growth? A New Perspective of Developed Countries

Šatrović

Muslija

Abul³

2020

HSSR

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Purpose of the study: The purpose of this paper is to analyze the potential causal link between innovation, entrepreneurship activity, and economic growth in the case of nine developed countries over the time-span ranging between 2001 and 2014. The research goal is to examine if the findings of this paper support the endogenous growth theory. Methodology: This paper has initially explored the stationary properties of the variables. Moreover, the causal links between the variables of interest have been investigated by estimating the panel VAR model (trivariate) employing the GMM framework. This paper also examines the potential causal linkage amid the variables of interest by employing the Granger causality test. Main Findings: Empirical results suggest that economic growth is found to Granger cause innovation and entrepreneurship activity. These findings emphasize the necessity to take both innovation and entrepreneurship while analyzing the determinants of economic growth since these are found to be interconnected and may play a critical role in the growth of the economy. These findings also support the endogenous growth. Applications of this study: Outcome of this paper is expected to provide significant insights for decision-makers to make a necessary effort not only to increase the start-up rates in developed countries but also to reduce the informal sector that is likely to occur as a result of start-ups in developing countries jeopardizing developed countries’ competitiveness. Novelty/Originality of this study: The first contribution of this study to the literature is the examination of cross-sectional dynamics of developed countries’ innovation, entrepreneurship, and economic growth. Secondly, these results indicate that entrepreneurial activity is a proximate cause and should be modelled as the channel through which innovation contributes to economic growth. Thirdly, the data used in this study are more comprehensive.

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“…To better understand the dynamic interaction of the four endogenous variables of interest, we adopt a recent multivariate econometric technique, PVAR analysis that is proposed in Sims (1980) and enables to deal with the difference among units (Satrovic & Muslija, 2019). More specifically, we consider a four-variate homogeneous panel VAR of order p using a GMM estimator to eliminate country-fixed and time effects.…”

Section: Pvar Analysismentioning

confidence: 99%

Is Tourism a Key Factor for Economic Growth? Fresh Evidence from South Europe Using Panel Cointegration and PVAR Analyses

Kostakis

2020

WJAE

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This paper brings fresh empirical evidence on the relationship between tourism and economic growth for five South European countries over the period 2000Q1-2018Q4 within a multivariate framework. PVAR and panel cointegration analyses are employed to infer the causal relationship between tourism and economic growth. Heterogeneous panel cointegration test reveals a long-run relationship between real GDP, labour force, gross fixed capital formation and tourism. Granger causality validates the bidirectional and unidirectional causal relationship between tourism, labour and economic growth and physical capital and economic growth, respectively. Simultaneously, impulse-response functions of PVAR model highlight the fact that short-run innovations might have a smaller impact on economic growth against a permanent long-run augmentation of these variables. Our findings might leave ample room for government policies to stimulate strategies for higher economic growth.

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The Empirical Evidence on Tourism-Urbanization-CO2 Emissions Nexus

Cited by 39 publications

References 37 publications

China-Pakistan Economic Corridor and Climate Change: The Mediation Role of Tourism Development

China-Pakistan Economic Corridor and Climate Change: The Mediation Role of Tourism Development

Do Innovation and Entrepreneurship Have Dominant Roles in Economic Growth? A New Perspective of Developed Countries

Is Tourism a Key Factor for Economic Growth? Fresh Evidence from South Europe Using Panel Cointegration and PVAR Analyses

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