Asymmetric effects of tourism development and green innovation on economic growth and carbon emissions in top 10 GDP countries
This study aims to evaluate the impacts of international tourism development and green technology innovation on economic growth and carbon dioxide emissions in the top 10 GDP countries between 1995 and 2018. Our preliminary findings reject the preposition of data normality, which instigate us to app...
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Published in | Journal of environmental planning and management Vol. 66; no. 3; pp. 471 - 500 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Abingdon
Routledge
23.02.2023
Taylor & Francis Ltd |
Subjects | |
Online Access | Get full text |
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Abstract | This study aims to evaluate the impacts of international tourism development and green technology innovation on economic growth and carbon dioxide emissions in the top 10 GDP countries between 1995 and 2018. Our preliminary findings reject the preposition of data normality, which instigate us to apply a novel method of moments quantile regression. The overall results suggest that international tourism development facilitates economic growth and increases carbon dioxide emissions asymmetrically across the different levels of economic growth and carbon dioxide emissions. Specifically, the economic growth impacts are relatively large for the comparatively more developed nations while the adverse environmental impacts are relatively larger for the comparatively less-polluted nations; thus, the tourism led-economic growth hypothesis is verified. On the other hand, green technology innovation is found to facilitate economic growth and mitigate carbon dioxide emissions, especially in the context of the relatively more developed and polluted economies. |
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AbstractList | This study aims to evaluate the impacts of international tourism development and green technology innovation on economic growth and carbon dioxide emissions in the top 10 GDP countries between 1995 and 2018. Our preliminary findings reject the preposition of data normality, which instigate us to apply a novel method of moments quantile regression. The overall results suggest that international tourism development facilitates economic growth and increases carbon dioxide emissions asymmetrically across the different levels of economic growth and carbon dioxide emissions. Specifically, the economic growth impacts are relatively large for the comparatively more developed nations while the adverse environmental impacts are relatively larger for the comparatively less-polluted nations; thus, the tourism led-economic growth hypothesis is verified. On the other hand, green technology innovation is found to facilitate economic growth and mitigate carbon dioxide emissions, especially in the context of the relatively more developed and polluted economies. |
Author | Murshed, Muntasir Fatima, Tehreem Razzaq, Asif |
Author_xml | – sequence: 1 givenname: Asif orcidid: 0000-0001-6165-1833 surname: Razzaq fullname: Razzaq, Asif organization: Department of Business Administration, ILMA University – sequence: 2 givenname: Tehreem orcidid: 0000-0003-4766-1642 surname: Fatima fullname: Fatima, Tehreem organization: School of Economics and Management, East China Jiaotong University – sequence: 3 givenname: Muntasir orcidid: 0000-0001-9872-8742 surname: Murshed fullname: Murshed, Muntasir organization: School of Business and Economics, North South University |
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SubjectTerms | administrative management Asymmetry carbon Carbon dioxide Carbon dioxide emissions carbon emissions Clean technology Developed countries Economic development Economic growth Economics Emissions Environmental impact GDP Green development green technology innovation Gross Domestic Product Innovations international tourism Method of moments Nations Normality panel quantile regression Pollution regression analysis Sustainable development sustainable technology Technology Tourism Tourism development |
Title | Asymmetric effects of tourism development and green innovation on economic growth and carbon emissions in top 10 GDP countries |
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