Examining the impact of globalization in the environmental Kuznets curve hypothesis: the case of tourist destination states

Akadırı, Seyi Saint; Lasisi, Taiwo Temitope; Uzuner, Gizem; Akadiri, Ada Chigozie

doi:10.1007/s11356-019-04722-0

Cited by 84 publications

(30 citation statements)

References 52 publications

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“…Conclusively, the recent studies of Olanipekun, Saint Akadiri, Olawumi, Bekun, and Adewale (), Akadiri, Bekun, Taheri, and Akadiri (), Akadiri, Saint Akadiri, and Gungor (), Alola, Bekun, and Sarkodie (), Balcilar, Bekun, and Uzuner (), Balsalobre‐Lorente, Bekun, Etokakpan, and Driha (), Bekun and Agboola (), Bekun, Emir, and Sarkodie (), Saint Akadiri, Bekun, and Sarkodie (), Saint Akadiri, Alola, Olasehinde‐Williams, and Etokakpan (), Saint Akadiri, Lasisi, Uzuner, and Akadiri (), Samu, Bekun, and Fahrioglu () and Udemba, Güngör, and Bekun () all focus on the impacts of macroeconomic determinants on environmental degradation for various countries either through time series or panel‐based methodology.…”

Section: Introductionmentioning

confidence: 93%

Economic and social determinants of carbon emissions: Evidence from organization of petroleum exporting countries

Coşkuner

Paskeh

Olasehinde‐Williams

et al. 2020

Journal of Public Affairs

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This research investigates the economic and social determinants of carbon emissions in the Organization of Petroleum Exporting Countries (OPEC) over the period 1995–2016. The study particularly examines the link between CO2 emissions and four socio‐economic variables (per‐capita GDP, urbanisation, fossil fuel energy consumption and international trade). A long‐run relationship amongst these variables is confirmed by Kao, Pedroni and Johansen panel cointegration tests. Fully modified ordinary least squares outcomes show that the relationship between CO2 emission and GDP is non‐linear in OPEC countries and follows the inverted U‐shape suggested by the environmental Kuznets curve hypothesis. Also, urbanisation is responsible for a significant proportion of carbon emissions in OPEC countries. As expected, fossil fuel energy consumption is a significant positive driver of carbon emission. International trade significantly contributes to carbon emissions within OPEC member countries.

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Section: Introductionmentioning

confidence: 93%

Economic and social determinants of carbon emissions: Evidence from organization of petroleum exporting countries

Coşkuner

Paskeh

Olasehinde‐Williams

et al. 2020

Journal of Public Affairs

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“…Despite how a couple of assessments have attempted to investigate the impact of different economic-related indicators on EKC [7,[27][28][29][30][31], to the best of our understanding, the possible moderating effect of financial development has not been investigated. This formed the main focuses, similarly to the uniqueness, of the current assessment.…”

Section: Introductionmentioning

confidence: 99%

Sustainability of the Moderating Role of Financial Development in the Determinants of Environmental Degradation: Evidence from Turkey

et al. 2021

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One of the questions that remain unanswered in the literature on determinants of carbon emissions is the moderating effect of “financial development”. This becomes imperative, owing to the connection of carbon emissions to environmental degradation, which is considered to be one of the main challenges to sustainable development. Thus, this study investigated the moderating role of financial development in the determinants of carbon emissions for Turkey during the period of 1960 to 2016. Zivot–Andrew and Lee–Strazicich “unit root tests” were utilized to investigate the stationarity properties of the series. The cointegration among the variables employed was examined by utilizing the ARDL bounds test and Bayer–Hanck cointegration test. In contrast, the long-run causal relationship of the variables with carbon emissions was examined by using fully modified ordinary least square (FMOLS), dynamic OLS (DOLS), and Canonical Cointegrating Regression (CCR). The empirical findings reveal the significance of “economic growth”, “capital formation”, “energy consumption”, “urbanization”, and “financial development” as determinants of environmental degradation in Turkey. The study also found the significant moderating role of “financial development” in the relationship between “economic growth” and carbon emissions, capital formation and carbon emissions, and urbanization and carbon emissions. The environmental–financial related policies were suggested for the policymakers in Turkey to aid the reduction of carbon emission with the view of improving environmental quality.

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“…In order to achieve our research objectives, energy consumption in this context is assumed to be a component of globalization and a byproduct of tourism. Although, previous studies have employed energy consumption as a determinant of CO 2 emissions in examining EKC hypothesis (Saint Akadiri, Alola, & Akadiri, 2019; Saint Akadiri, Lasisi, Uzuner, & Akadiri, 2019), however, we are of the opinion that globalization also play a major role (aside domestic consumption of energy resources, real income and tourism), since it can impact on the rate at which energy resources are imported/exported among integrated economies of the world, thus globalization index should be integrated or incorporated in CO 2 equation (EKC analysis) as one of the drivers of international tourism and real income/output and, hence CO 2 emissions level. It will be theoretically right to assume that, without putting the impact of globalization into consideration, studies on the tourism‐induced EKC hypothesis might be inadequate and defiant of sound policy implications towards sustaining a clean environment in tourism destination countries, especially in TISs.…”

Section: Introductionmentioning

confidence: 99%

“…To the best of our (authors) knowledge, only few studies have examined in a cohesive multivariate framework the interrelationships between globalization, international tourism, economic growth and carbon dioxide emissions (Saint Akadiri et al, 2019a, 2019b; Haseeb, Xia, Baloch, & Abbas, 2018; Javid & Katircioglu, 2017; Shahbaz, Shahzad, Mahalik, & Sadorsky, 2018; Shahbaz, Solarin, & Ozturk, 2016; Leitão, 2014) examine the globalization‐induced EKC (Haseeb et al, 2018; Shahbaz et al, 2016; Shahbaz, Khan, Ali, & Bhattacharya, 2017) or preferably, examine the globalization‐tourism‐induced EKC proposition (Saint Akadiri, Lasisi, et al, 2019) like we did in this present study. Perhaps, most of existing studies on tourism‐induced EKC hypothesis have a preference on particular macroeconomic variables (for example energy consumption, foreign direct investment, among others) which appears to them a significant determinant of carbon emissions level or they were of the opinion that globalization may not necessarily influence the interaction and interconnectedness (turning point) between international tourism, economic growth and carbon emissions level (Saint Akadiri, Alola, & Akadiri, 2019).…”

Section: Introductionmentioning

confidence: 99%

Environmental Kuznets curve hypothesis in the case of tourism island states: The moderating role of globalization

et al. 2020

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This article examines the relationship between carbon emissions and international tourism growth through the channels of globalization and real income via testing the Environmental Kuznets curve (EKC) over the periods of 1995 to 2016 for 16 selected tourism island states (TIS) that prioritized tourism as a means of maximizing economic growth. Using the dynamic panel‐based pooled mean group method of autoregressive distributed lag, results confirm globalization‐tourism‐induced EKC hypothesis for TIS. This implies international tourism growth and carbon emissions, through the channels of globalization and real income are in a long‐term equilibrium relationship. International tourism and squared term of real income have an inverse significant effect on carbon emission level, while globalization and real income without squared term exert positive and significant effects on carbon emissions level in the long run. Results of the direction of causality tests show that there is a two‐way causality between globalization and carbon emissions, while result also shows one‐way causality running from international tourism to carbon emissions level in the long‐run in the case of the TIS. Thus, globalization‐tourism‐induced EKC hypothesis is suggested in the case of TIS.

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Examining the impact of globalization in the environmental Kuznets curve hypothesis: the case of tourist destination states

Cited by 84 publications

References 52 publications

Economic and social determinants of carbon emissions: Evidence from organization of petroleum exporting countries

Economic and social determinants of carbon emissions: Evidence from organization of petroleum exporting countries

Sustainability of the Moderating Role of Financial Development in the Determinants of Environmental Degradation: Evidence from Turkey

Environmental Kuznets curve hypothesis in the case of tourism island states: The moderating role of globalization

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