The Effect of Tourism, Foreign Direct Investment and Growth on CO2 Emissions: Panel Data Analysis


Akbulaev N.

African Journal of Hospitality, Tourism and Leisure, vol.12, no.1, pp.312-325, 2023 (Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 12 Say: 1
  • Nəşr tarixi: 2023
  • Doi nömrəsi: 10.46222/ajhtl.19770720.369
  • jurnalın adı: African Journal of Hospitality, Tourism and Leisure
  • Jurnalın baxıldığı indekslər: Scopus, Hospitality & Tourism Complete, Hospitality & Tourism Index, Directory of Open Access Journals
  • Səhifə sayı: pp.312-325
  • Açar sözlər: CO2 emissions, environmental pollution, foreign direct investments, panel data analysis, time series, Tourism
  • Adres: Bəli

Qısa məlumat

Natural resources provide the foundation for the growth and competitiveness of tourist destinations; hence, changes in these resources might affect tourism's development. The world is attempting to speed up its policies to decrease emissions of greenhouse gases, and the costs of these efforts are particularly difficult for low-development nations to bear. As a step in this direction, the purpose of the research is to analyze the impacts of foreign direct investment, tourism, and economic development on the deterioration of the environment in the countries of Morocco, Zimbabwe, Mauritius, and Ethiopia, all of which receive significant amounts of foreign capital inflows. In the section of the research devoted to empirical analysis, the authors investigated the impact that tourism had on CO2 emissions, as well as gross domestic product and foreign direct investments, in the countries of Morocco, Zimbabwe, Mauritius, and Ethiopia between the years 1995 and 2019. The panel analysis technique was employed in the time series analysis to investigate the link between the variables. The Hausman test was used to validate the analysis between the random and fixed effect models in determining the causal association. It has been established on the basis of the findings of the investigation; it has been established that tourism and CO2 have a considerable positive and negative impact on one another.