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The Impact of Tourism and Financial Development on Energy Consumption and Carbon Dioxide Emission: Evidence from Post-communist Countries

descriptionPublicationkeyboard_double_arrow_right Article , Journal 12 Feb 2021Publisher:Springer Science and Business Media LLCJournal:Journal of the Knowledge Economy, volume 13, pages 773-786 (issn: 1868-7865, eissn: 1868-7873,

Authors: Arletta Isaeva; Shakhnoza Tosheva; Raufhon Salahodjaev; Anastas Khachaturov;

doi: 10.1007/s13132-021-00732-x

The Impact of Tourism and Financial Development on Energy Consumption and Carbon Dioxide Emission: Evidence from Post-communist Countries

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Abstract

The purpose of this study is to investigate the causal relationship among energy consumption, carbon emission, financial development, and tourism using a sample of 12 post-communist countries in the period between 1995 and 2014. The results of Pedroni and Kao tests show the cointegration among observed variables. The Granger non-causality test demonstrates that there is bi-directional causality in financial development–tourism and energy–emission nexuses. The one-way causality is identified in cases of tourism–energy, tourism–CO2, finance–energy, and finance–CO2.

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Tashkent State Economic University
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