The Effect of Tourism, Economic Growth and Environment in Developing Countries

Abstract

The basic purpose of this study is to identify a link concerning tourism, pecuniary expansion, and environmental protection in developing countries. The current research looks at the overall state of emerging economies as well as income comparisons. The study employs the 3sls model. Tourism benefits from economic growth as well. Tourism is attracted by economic prosperity, and tourism will increase tourism. According to the findings, economic growth has a negative impact on the environment, and the environment has an adverse effect on economic growth. As income activity accelerates, so will environmental emissions, and environmental emissions have a detrimental impact on economic growth? Further findings imply that tourism has a favorable impact on the environment, with an increase in tourism causing a depreciation of the ecosystem. Environmental pollution has a favorable effect on tourism, as the majority of people travel to other countries for business and religious reasons. This can be found in all models. The exchange rate has a negative influence on the overall and high-income groups, but a favorable effect in the reduced groups. In all models, the other variable, political instability, has a negative effect on tourism, while trade has a favorable effect. GDP is boosted by the literacy rate and gross capital formation Population increase, urbanization, and energy use all have a favorable impact on environmental emissions, according to the study. According to the findings, host nations should not only encourage tourism, but also guarantee that the environment is not harmed, therefore ecofriendly must be pushed to maintain a seamless and sustainable development process.

Economic growth and environmental degradation paradox in ASEAN: A simultaneous equation model with dynamic panel data approach

“…Thus, it is concluded that there is no lag effect of the dependent variable on the first difference error in the GDP and CO 2 models. Therefore, because the ab(1) and ab (2) tests are met, it can be concluded that the GDP and CO 2 equation models are consistent.…”

Tourism, ICT and Inclusive Development: Global Evidence

“…Another group of research focuses on the effect of tourism on environmental sustainability (Azam et al, 2018;Lee and Brahmasrene, 2016;Paramati et al, 2017;Paramati et al, 2018;Ali et al, 2021;El Menyari, 2021;Liu et al, 2022;Usman et al, 2021). In accordance with these studies, sustainable development should be ensured by implementing prudent public policy where host governments must strive to promote socially and environmentally responsible tourism industries in their respective countries.…”

“…Therefore, host nations should not only encourage tourism, but also guarantee that the environmental quality is sustained. In this regard environmentally friendly tourism policies should be established to maintain a positive path towards sustainable development (Ali et al, 2021).…”

Analysis of the Effect of Urban Residents’ Sports Consumption on GDP Growth Based on Deep Learning

“…In addition, the results suggest that a two-stage approach is necessary because it provides a more in-depth look at household spending behavior. For example, highly educated families often participate in sports and invest a lot of money [ 11 ]. Zhang et al pointed out that GDP development should be driven from investment demand to consumption demand in a timely manner, and gradually from external to internal, to cultivate consumption power, thereby driving the timely consumption of residents [ 12 ].…”