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Is there growth impact of tourism? Evidence from selected small island states |
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| Authors: | Seyi Saint Akadiri Ada Chigozie Akadiri Uju Violet Alola |
| Institution: | 1. Institute of Graduate Studies and Research Faculty of Business and Economics, Department of Economics, Eastern Mediterranean University, North Cyprus, via Mersin 10, Famagusta, Turkey;2. Institute of Graduate Studies and Research Faculty of Tourism, Department of Tourism Management, Eastern Mediterranean University, North Cyprus, via Mersin 10, Famagusta, Turkey |
| Abstract: | This study investigates the growth impact of international tourist arrivals on carbon emissions in selected small island states via Environmental Kuznets Curve (EKC) hypothesis. The study employed a panel-based multivariate model for seven small islands between the periods of 1995 and 2013 to evaluate the long-run equilibrium relationships between international tourism and carbon emissions through the channels of energy consumption and economic growth. Findings from the panel cointegration results show the existence of a long-run equilibrium relationship between the variables of interest. International tourist arrivals have a negatively significant impact on carbon dioxide emissions in the long run. Thus, we infer that the law of diminishing marginal returns with regard to tourism-induced EKC hypothesis holds in the case of small island states. |
| Keywords: | international tourism carbon emissions energy consumption economic growth small island states |