The dynamic effects of globalization process in analysing N-shaped tourism led growth hypothesis
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Título: | The dynamic effects of globalization process in analysing N-shaped tourism led growth hypothesis |
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Autor/es: | Balsalobre-Lorente, Daniel | Driha, Oana M. | Sinha, Avik |
Grupo/s de investigación o GITE: | Economía del Turismo, Recursos Naturales y Nuevas Tecnologías (INNATUR) |
Centro, Departamento o Servicio: | Universidad de Alicante. Departamento de Análisis Económico Aplicado | Universidad de Alicante. Instituto Interuniversitario de Economía Internacional |
Palabras clave: | Tourism-led growth hypothesis | Globalization | CO2 emissions | Energy use |
Área/s de conocimiento: | Economía Aplicada |
Fecha de publicación: | jun-2020 |
Editor: | Elsevier |
Cita bibliográfica: | Journal of Hospitality and Tourism Management. 2020, 43: 42-52. doi:10.1016/j.jhtm.2020.02.005 |
Resumen: | This paper validates the tourism-led growth hypothesis for a panel of selected OECD countries, including the effects of per capita CO2, globalization and energy use during the period 1994–2014. The long-term relationship between economic growth and the above-mentioned variables is confirmed by applying unit root tests and cointegration approaches. The Generalized Method of Moments (GMM) methodology confirms a N-shaped relationship between international tourism and per capita economic growth. Globalization does not appear to be very effective in the short run for promoting economic growth; its impact on growth is determined through a finite-lag distribution, as the optimal effect can only be achieved in the long term. A direct relationship is detected between economic growth, energy use and globalization. The recommendation is to reshape regulatory frameworks with a clearer focus on promoting international tourism and more efficient energy use as a means of enhancing sustainable economic growth in developed countries. The empirical results reveal that fossil fuels account for a large part of the energy mix, so policy makers should consider reinforcing the promotion of clean energy sources and the use of more efficient processes. |
URI: | http://hdl.handle.net/10045/103556 |
ISSN: | 1447-6770 (Print) | 1839-5260 (Online) |
DOI: | 10.1016/j.jhtm.2020.02.005 |
Idioma: | eng |
Tipo: | info:eu-repo/semantics/article |
Derechos: | © 2020 Published by Elsevier Ltd on behalf of CAUTHE - COUNCIL FOR AUSTRALASIAN TOURISM AND HOSPITALITY EDUCATION |
Revisión científica: | si |
Versión del editor: | https://doi.org/10.1016/j.jhtm.2020.02.005 |
Aparece en las colecciones: | INV - INNATUR - Artículos de Revistas |
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2020_Balsalobre-Lorente_etal_JHospitTourManag_final.pdf | Versión final (acceso restringido) | 2,79 MB | Adobe PDF | Abrir Solicitar una copia |
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