Pregled bibliografske jedinice broj: 1250440
The impact of tourism and financial development on carbon emissions: evidence from EU Mediterranean countries
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:
Tanja Fatur Šikić
(autor)