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Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 10 Oct 2020Publisher:MDPI AGJournal:Sustainability, volume 12, page 8,341 (eissn: 2071-1050,

Authors: Muntasir Murshed; Haider Mahmood; Tarek Tawfik Yousef Alkhateeb; Suvajit Banerjee;

doi: 10.3390/su12208341

Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

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Abstract

This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses, accounting for cross-sectional dependency and slope heterogeneity issues, showed that higher degrees of intra-regional trade between the South Asian economies exert positive impacts on the IITD in South Asia. Similarly, undergoing a RET was found to stimulate the IITD further. Besides, the joint favorable impacts of regional trade integration and RET on South Asia’s IITD were also ascertained. Therefore, these findings impose key policy implications concerning the pertinence of strengthening regional trade cooperation between the South Asian neighbors and boosting renewable energy consumption for enhancing the IITD further.

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Keywords

regional integration, Environmental effects of industries and plants, slope heterogeneity, TJ807-830, renewable energy transition, South Asia, TD194-195, Renewable energy sources, energy sustainability, Environmental sciences, GE1-350, sustainable tourism, energy security, cross-sectional dependency

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	36
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 1%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%