Analyzing the nexus between tourism and CO2 emissions: the role of renewable energy and R&D
Erdinc Balli,
Orhan Cengiz,
Ayse Ipek Koca Balli
et al.
Abstract:This study aims to investigate the relationship between tourism development, renewable energy consumption (REN), research and development (R&D) expenditure, and CO2 emissions in 12 emerging markets and middle-income Europe spanning 1999–2020. We applied the panel autoregressive distributed lag and the Driscoll–Kraay estimator to determine the relationship between variables. According to both estimators’ results, a U-shaped relationship exists between economic growth and CO2 emissions. This result indic… Show more
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