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Examining the causal impacts of tourism, globalization, economic growth and carbon emissions in tourism island territories: bootstrap panel Granger causality analysis

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  • Seyi Saint Akadiri
  • Taiwo Temitope Lasisi
  • Gizem Uzuner
  • Ada Chigozie Akadiri

Abstract

In this paper, we examine the direction of causality between tourism, economic growth and carbon emissions in a multivariate framework that incorporates the newly introduced globalization index as an additional variable. In order to achieve the research objective, we employed panel Granger causality testing approach as suggested by Kónya [(2006). Exports and growth: Granger causality analysis on OECD countries with a panel data approach. Economic Modelling, 23(6), 978–992] built on the Seemingly Unrelated Regressions and Wald tests that account for heterogeneity, cross-sectional dependence, and also produces country-specific bootstrap critical values, for a panel of 16 small island developing countries over the periods 1995–2014. Regarding the direction of causality between the variables, empirical results provide evidence in support of demand-flowing and supply-leading hypotheses, and that factors that contribute to environment pollutions are more internal, particularly within the tourism island territories.

Suggested Citation

  • Seyi Saint Akadiri & Taiwo Temitope Lasisi & Gizem Uzuner & Ada Chigozie Akadiri, 2020. "Examining the causal impacts of tourism, globalization, economic growth and carbon emissions in tourism island territories: bootstrap panel Granger causality analysis," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(4), pages 470-484, February.
    • Handle: RePEc:taf:rcitxx:v:23:y:2020:i:4:p:470-484
    DOI: 10.1080/13683500.2018.1539067
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    Cited by:

    1. Jeremiah Msugh Tule & Peter Francis Offum & Ilham Haouas & Seyi Saint Akadiri & Olufunke Meadows, 2024. "Harmonizing renewable energy and economic growth in Sub-Saharan Africa: the transformative potential of ICT," International Economics and Economic Policy, Springer, vol. 21(3), pages 617-648, July.
    2. Atif Jahanger & Bo Yang & Wei-Chiao Huang & Muntasir Murshed & Muhammad Usman & Magdalena Radulescu, 2023. "Dynamic linkages between globalization, human capital, and carbon dioxide emissions: empirical evidence from developing economies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 9307-9335, September.
    3. Najma Amin & Saif Ur Rahman & Sukaina Khalid & Sadia Idress, 2024. "How Does Tourism, Trade Openness and Green Energy Influence CO2 emissions? Evidence from ASEAN Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 71-79.
    4. Balsalobre-Lorente, Daniel & Abbas, Jaffar & He, Chang & Pilař, Ladislav & Shah, Syed Ale Raza, 2023. "Tourism, urbanization and natural resources rents matter for environmental sustainability: The leading role of AI and ICT on sustainable development goals in the digital era," Resources Policy, Elsevier, vol. 82(C).
    5. Melike Atay Polat & Suzan Ergun, 2023. "Analyzing the Environmental Kuznets Curve Hypothesis in Terms of Economic Growth and Different Types of Globalization in Turkiye," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(73-1), pages 107-142, June.

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