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Pregled bibliografske jedinice broj: 1250440

The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries


Fatur Šikić, Tanja
The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries // 26th International congress Tourism and hospitality industry 2022 Trends and challenges Congress proceedings / Laškarin Ažić, Marina ; Cerović, Marta (ur.).
Opatija: Fakultet za menadžment u turizmu i ugostiteljstvu Sveučilišta u Rijeci, 2022. str. 69-82 doi:/10.20867/thi.26.14 (poster, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


CROSBI ID: 1250440 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries

Autori
Fatur Šikić, Tanja

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
26th International congress Tourism and hospitality industry 2022 Trends and challenges Congress proceedings / Laškarin Ažić, Marina ; Cerović, Marta - Opatija : Fakultet za menadžment u turizmu i ugostiteljstvu Sveučilišta u Rijeci, 2022, 69-82

Skup
26. bijenalni međunarodni kongres Turizam i hotelska industrija: trendovi i izazovi = 26th Biennial International Congress Tourism & Hospitality Industry - Trends and Challenges

Mjesto i datum
Opatija, Croatia, 21.10.2022

Vrsta sudjelovanja
Poster

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
tourism ; financial development ; CO2 emissions ; EU Mediterranean countries ; panel analysis

Sažetak
Purpose - The tourism sector not only contributes significantly to gross domestic product, but also plays an important role in the sustainable economic development of a country. Tourism accounts for approximately 8% of global carbon emissions. From flights and boat trips to souvenirs and accommodations, various activities contribute to tourism emissions. Formulating mitigation measures for sustainable tourism requires an understanding of the factors contributing to the increase in tourism CO2 emissions. This study analyses the impact of tourism and financial development on CO2 emissions, while controlling for foreign direct investment (FDI), real income and energy consumption in seven Mediterranean countries that are part of the European Union (Croatia, Cyprus, France, Greece, Italy, Slovenia, and Spain). Methodology - A dynamic panel regression model was used to understand the impact of tourism and financial development on CO2 emissions. The analysis was conducted using annual data from 1995 to 2020 for a sample of seven EU Mediterranean countries. Findings - The empirical results show that the number of tourist arrivals, financial development, real income and energy consumption play an important role in explaining CO2 emissions. Although financial development has an increasing effect on CO2 emissions, tourist arrivals reduce CO2 emissions. It seems that the EU policy to promote sustainable tourism has managed to reduce CO2 emissions. It appears that the tourism sector is using more clean and environmentally friendly technologies in its activities. European countries should continue to take the necessary measures for sustainable tourism. Contribution - This paper aims to contribute to the existing literature in two ways. First, this study examines the impact of tourist arrivals and financial development on environmental degradation so that appropriate measures can be taken to ensure sustainable tourism. Second, this study focuses on seven Mediterranean countries that are part of the EU and have similar tourism characteristics. The tourism sector in these countries depends heavily on beach tourism. Therefore, the results of this analysis will be of particular interest to policy makers.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
--ZIP-FMTU-001-11-2021 - Utjecaj porezne politike okoliša na održivi razvoj i zeleni rast (Fatur Šikić, Tanja) ( CroRIS)
--ZIP-FMTU-010-05-2022 - Financijski razvoj i zelena tranzicija (Hodžić, Sabina) ( CroRIS)

Ustanove:
Fakultet za menadžment u turizmu i ugostiteljstvu, Opatija

Profili:

Avatar Url Tanja Fatur Šikić (autor)

Poveznice na cjeloviti tekst rada:

Pristup cjelovitom tekstu rada doi thi.fthm.hr

Citiraj ovu publikaciju:

Fatur Šikić, Tanja
The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries // 26th International congress Tourism and hospitality industry 2022 Trends and challenges Congress proceedings / Laškarin Ažić, Marina ; Cerović, Marta (ur.).
Opatija: Fakultet za menadžment u turizmu i ugostiteljstvu Sveučilišta u Rijeci, 2022. str. 69-82 doi:/10.20867/thi.26.14 (poster, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
Fatur Šikić, T. (2022) The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries. U: Laškarin Ažić, M. & Cerović, M. (ur.)26th International congress Tourism and hospitality industry 2022 Trends and challenges Congress proceedings doi:/10.20867/thi.26.14.
@article{article, author = {Fatur \v{S}iki\'{c}, Tanja}, year = {2022}, pages = {69-82}, DOI = {/10.20867/thi.26.14}, keywords = {tourism, financial development, CO2 emissions, EU Mediterranean countries, panel analysis}, doi = {/10.20867/thi.26.14}, title = {The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries}, keyword = {tourism, financial development, CO2 emissions, EU Mediterranean countries, panel analysis}, publisher = {Fakultet za menad\v{z}ment u turizmu i ugostiteljstvu Sveu\v{c}ili\v{s}ta u Rijeci}, publisherplace = {Opatija, Croatia} }
@article{article, author = {Fatur \v{S}iki\'{c}, Tanja}, year = {2022}, pages = {69-82}, DOI = {/10.20867/thi.26.14}, keywords = {tourism, financial development, CO2 emissions, EU Mediterranean countries, panel analysis}, doi = {/10.20867/thi.26.14}, title = {The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries}, keyword = {tourism, financial development, CO2 emissions, EU Mediterranean countries, panel analysis}, publisher = {Fakultet za menad\v{z}ment u turizmu i ugostiteljstvu Sveu\v{c}ili\v{s}ta u Rijeci}, publisherplace = {Opatija, Croatia} }

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