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The Progressive Correlation Between Carbon Emission, Economic Growth, Energy Use, and Oil Consumption by the Most Prominent Contributors to Travel and Tourism GDPs


Aarif Mohammad Khan

Asma Basit

Uzma Khan

Muhammad Kamran Khan
Travel and tourism have glimpsed a significant and promising implication for economic development. Despite the commendatory implication of tourism, it levies a stringent environmental cost such as environmental degeneration. Hence, this study will incorporate the 18 countries out of the top 20 travel and tourism contributors to economic growth to assess the progressive correlation between tourist arrival, economic growth, energy consumption, and oil consumption on carbon emission by applying panel ARDL spanning from 1995 to 2019. The outcome of the panel ARDL reveals that both periods have witnessed that the endogenous variables have a substantial and positive impact on environmental degradation except for tourism as it indicates −0.22 and −0.48% in the long and short run, having a rate of adjustment as −0.52 toward the equilibrium. The simultaneous quantile regression reveals that in the 50 and 75 percentiles, the effect of tourism has a negative impact, which contradicts the PMG findings. These determinations suggest that the policymakers look for more manageable and environmentally sound tourism and economic growth procedures to safeguard the sustainable environment in the studied countries.
- Zhengzhou University China (People's Republic of)
- Bahria University Pakistan
- Bahria University Pakistan
- University of Business and Technology Saudi Arabia
- Great Lakes Institute of Management India
Sociology and Political Science, Economics, FOS: Political science, environmental degradation, Social Sciences, Economic Impact of Environmental Policies and Resources, Energy Consumption, Tourism, Engineering, Natural resource economics, Sociology, Sustainable development, GE1-350, oil consumption, Rebound Effect on Energy Efficiency and Consumption, Political science, Tourism Development, Energy, Geography, Ecology, Social science, economic growth, FOS: Sociology, Consumption (sociology), Economics, Econometrics and Finance, Tourism and its Impact on Communities, Archaeology, Physical Sciences, Economics and Econometrics, Consumption, Sustainable tourism, FOS: Law, FOS: Economics and business, Tourism Research, energy consumption, Econometrics, Biology, Panel data, Renewable Energy, Sustainability and the Environment, Sustainable Tourism, Environmental degradation, Environmental sciences, Energy consumption, FOS: Biological sciences, Electrical engineering, tourism, Quantile regression, Law
Sociology and Political Science, Economics, FOS: Political science, environmental degradation, Social Sciences, Economic Impact of Environmental Policies and Resources, Energy Consumption, Tourism, Engineering, Natural resource economics, Sociology, Sustainable development, GE1-350, oil consumption, Rebound Effect on Energy Efficiency and Consumption, Political science, Tourism Development, Energy, Geography, Ecology, Social science, economic growth, FOS: Sociology, Consumption (sociology), Economics, Econometrics and Finance, Tourism and its Impact on Communities, Archaeology, Physical Sciences, Economics and Econometrics, Consumption, Sustainable tourism, FOS: Law, FOS: Economics and business, Tourism Research, energy consumption, Econometrics, Biology, Panel data, Renewable Energy, Sustainability and the Environment, Sustainable Tourism, Environmental degradation, Environmental sciences, Energy consumption, FOS: Biological sciences, Electrical engineering, tourism, Quantile regression, Law
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