The relationship between renewable energy consumption, international tourism, trade openness, innovation and carbon dioxide emissions: international evidence

Thi, Duyen; Tran, Van Quang; Nguyen, Dat T.

doi:10.1080/14786451.2023.2192827

Cited by 25 publications

(8 citation statements)

References 84 publications

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“…Erlier studies [ 59 , 60 ] have shown a direct link between the expansion of global trade and the increase in CO 2 emissions. Multiple studies have shown that international trade has either negligible effects on CO 2 emissions or its impact fluctuates relianting on the rate of exports and the specific time analyzed [ 61 ]. The incorporation of DAE in the model aimed to analyze the influence of trade connections, regardless of whether they are between adjacent nations or not, on CO 2 emissions.…”

Section: Review Of Literaturementioning

confidence: 99%

Financial globalization and economic growth amid geopolitical risk: A study on China-Russia far East federal district

Wang,

Sibt-e-Ali

2024

Heliyon

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Section: Review Of Literaturementioning

confidence: 99%

Financial globalization and economic growth amid geopolitical risk: A study on China-Russia far East federal district

Wang,

Sibt-e-Ali

2024

Heliyon

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“…The study of Thi et al [38] considers the nexus between renewable energy, tourism demand, international trade, innovation, and carbon dioxide emissions for 53 economies with different developments. The econometric results reveal that renewable energy, international trade, urban population, innovation, and foreign direct investment aim to decrease pollution emissions.…”

Section: The Link Between International Trade and Pollution Emissionsmentioning

confidence: 99%

“…The econometric results reveal that renewable energy, international trade, urban population, innovation, and foreign direct investment aim to decrease pollution emissions. In addition, Thi et al [38] demonstrated that tourism arrivals and economic growth stimulate climate change and greenhouse emissions.…”

Section: The Link Between International Trade and Pollution Emissionsmentioning

confidence: 99%

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The Link between Human Development, Foreign Direct Investment, Renewable Energy, and Carbon Dioxide Emissions in G7 Economies

Leitão

2024

Energies

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This research evaluates the determinants of pollution emissions, considering the human development index, international trade, renewable energy, and foreign direct investment (FDI) as explanatory variables. This study tests the relationship between trade intensity and FDI on carbon dioxide emissions, considering the arguments of the pollution haven hypothesis (PHH) versus halo pollution (HP). The econometric strategy applies panel data (fixed effects, random effects), a generalised linear model (Gamma), panel cointegration models such as FMOLS and DOLS, the ARDL panel model, and the panel quantile regressions to data from the G7 countries from 1990 to 2019. Before using econometric models, this investigation considers preliminary tests such as the panel unit root test (first and second generation) and the cointegration test. The econometric results show that human development decreased pollution emissions. In addition, renewable energy improves air quality and aims to reduce climate change. The inverted environmental Kuznets curve also supports the results when evaluating the relationship between the human development index and carbon dioxide emissions.

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“…For instance, a decrease in trade openness might lead to a higher exchange rate, making travel to the country more expensive for foreign tourists. This could, in turn, affect the demand for tourism and hence the number of arrivals (Hussain, 2023;Okafor et al, 2023;Thi et al, 2023).…”

Section: Economic Variables Trendsmentioning

confidence: 99%

Influence of Economic Factors and Government Initiatives on International Tourism Demand in Kenya

Momanyi

2023

JHTM

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This study examined the influence of economic factors and government interventions on the demand for international tourism in Kenya. Using a correlational research design and data from the Kenya National Bureau of Statistics, Kenya Tourism Board, and World Development Indicators, the study analyzes various economic indicators and tourism-related data for the period 1980-2019. The analysis includes correlation analysis, regression analysis, cointegration testing, and Vector Error Correction Model (VECM) analysis. The findings reveal significant relationships between economic factors, government initiatives, and international tourism arrivals. GDP and tourism earnings exhibit strong positive correlations with arrivals, while variables such as the weighted exchange rate, trade openness, tourism product price, substitute product price, and tourism promotion funds show moderate to negative correlations. Regression analysis and VECM modeling provide insights into the relationships and dynamics among the variables, allowing for forecasting of future trends. The findings of this study suggest that government initiatives, particularly investment in tourism promotion, play a significant role in attracting international tourists to Kenya. The country's GDP and tourism earnings are also important factors influencing tourism demand. These findings can guide policymakers and tourism stakeholders in formulating strategies to further develop and promote the tourism industry in Kenya. Measures to enhance the country's political stability, diversify tourism offerings, and allocate sufficient funds for tourism promotion can contribute to sustained growth in international tourism arrivals.

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The relationship between renewable energy consumption, international tourism, trade openness, innovation and carbon dioxide emissions: international evidence

Cited by 25 publications

References 84 publications

Financial globalization and economic growth amid geopolitical risk: A study on China-Russia far East federal district

Financial globalization and economic growth amid geopolitical risk: A study on China-Russia far East federal district

The Link between Human Development, Foreign Direct Investment, Renewable Energy, and Carbon Dioxide Emissions in G7 Economies

Influence of Economic Factors and Government Initiatives on International Tourism Demand in Kenya

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