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Asymmetric effects of tourism development and green innovation on economic growth and carbon emissions in top 10 GDP countries

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  • Asif Razzaq
  • Tehreem Fatima
  • Muntasir Murshed

Abstract

This study aims to evaluate the impacts of international tourism development and green technology innovation on economic growth and carbon dioxide emissions in the top 10 GDP countries between 1995 and 2018. Our preliminary findings reject the preposition of data normality, which instigate us to apply a novel method of moments quantile regression. The overall results suggest that international tourism development facilitates economic growth and increases carbon dioxide emissions asymmetrically across the different levels of economic growth and carbon dioxide emissions. Specifically, the economic growth impacts are relatively large for the comparatively more developed nations while the adverse environmental impacts are relatively larger for the comparatively less-polluted nations; thus, the tourism led-economic growth hypothesis is verified. On the other hand, green technology innovation is found to facilitate economic growth and mitigate carbon dioxide emissions, especially in the context of the relatively more developed and polluted economies.

Suggested Citation

  • Asif Razzaq & Tehreem Fatima & Muntasir Murshed, 2023. "Asymmetric effects of tourism development and green innovation on economic growth and carbon emissions in top 10 GDP countries," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 66(3), pages 471-500, February.
    • Handle: RePEc:taf:jenpmg:v:66:y:2023:i:3:p:471-500
    DOI: 10.1080/09640568.2021.1990029
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    Cited by:

    1. Li, Yibo & Jia, Xiaofen, 2023. "Asymmetric role of natural resources in uplifting the economic status of resource-rich economies," Resources Policy, Elsevier, vol. 85(PB).
    2. Murshed, Muntasir & Ahmed, Rizwan & Khudoykulov, Khurshid & Kumpamool, Chamaiporn & Alrwashdeh, Nusiebeh Nahar Falah & Mahmood, Haider, 2023. "Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies," Research in International Business and Finance, Elsevier, vol. 65(C).
    3. Sayef Bakari, 2024. "The Impact of Innovation and Economic Growth in Developed Countries," Economic Research Guardian, Weissberg Publishing, vol. 14(1), pages 32-54, June.
    4. Xie, Peijun & Xiao, Wenhui & Cai, Yifan & Zhu, Zili, 2024. "Does decentralization improve natural resources and government efficiency?," Resources Policy, Elsevier, vol. 91(C).
    5. Qianqian, Ding & Bashir, Uzma & Chunqiao, Tan, 2024. "The criticality of natural resources in financial development: Does geopolitical risk make any difference?," Resources Policy, Elsevier, vol. 89(C).
    6. Wei, Yi & Liu, Qing, 2023. "How does the travel and tourism industry contribute to sustainable resource management? The moderating role of ICT in highly resource-consuming countries," Resources Policy, Elsevier, vol. 82(C).
    7. Zhang, HongWei & Ben, Fang & Qin, Meng, 2024. "Mineral resources, tourism, human capital, and carbon neutrality: A path towards balanced and sustainable development," Resources Policy, Elsevier, vol. 90(C).
    8. Niu, Xiaodong & Niu, Xiaoqin & Ibrahim, Ridwan Lanre & Al-Faryan, Mamdouh Abdulaziz Saleh, 2023. "Do the asymmetric effects of natural resource dependence and financial development amidst green policies make or mar sustainability agenda in E7 countries?," Resources Policy, Elsevier, vol. 85(PB).
    9. Destek, Mehmet Akif & Hossain, Mohammad Razib & Khan, Zeeshan, 2023. "Premature Deindustrialization and Environmental Degradation," MPRA Paper 117737, University Library of Munich, Germany.
    10. Maxwell Chukwudi Udeagha & Marthinus Christoffel Breitenbach, 2024. "Investigating Financial Development and Its Direct and Indirect Environmental Effects in South Africa: Fresh Policy Insights," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(2), pages 428-495, April.
    11. Chen, Liang & Guo, Yirong, 2023. "Revisiting resources extraction perspective in determining the tourism industry: Globalisation and human capital for next-11 economies," Resources Policy, Elsevier, vol. 85(PA).
    12. Hsu, Ching-Chi, 2023. "Influence of climate finance and natural resource consumption on the mitigation of climate change in developed countries in the Pre-COP26 era," Resources Policy, Elsevier, vol. 83(C).
    13. Kai, Zhang & Sharaf, Mohamed & Wei, Siao-Yun & Shraah, Ata Al & Le, Luan Thanh & Arvind Bedekar, Dr Abhay & Bani Ahmad, Ahmad Y.A., 2024. "Exploring the asymmetric relationship between natural resources, fintech, remittance and environmental pollution for BRICS nations: New insights from MMQR approach," Resources Policy, Elsevier, vol. 90(C).
    14. Cai Li & Chengjie Guo, 2023. "Location Suitability Evaluation and Spatial Optimization of Self-Driving Camps in Xinjiang," Sustainability, MDPI, vol. 15(14), pages 1-25, July.
    15. Jan Neugebauer & Marek Vokoun, 2024. "Economic and Political Dynamics of Globalization: A Review of Continuity and Change in Research Focus," International Journal of Economic Sciences, European Research Center, vol. 13(1), pages 30-57, May.
    16. Samrena Jabeen & Ismat Nasim & Furrukh Bashir & David Chaloupský & Ahsan Akbar, 2024. "The Impact of Fossil Fuel Energy, Technological Innovation and Globalization on Tourism Inflows of Top Ten Most Visited Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 664-671, May.

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