Tourism and the Mediterranean Experience Amidst Environmental Issues: Fresh Insights from Panel Analysis

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dc.authorscopusid57193455217
dc.authorscopusid57211561521
dc.authorscopusid57193578500
dc.authorscopusid57207774552
dc.authorscopusid57204473707
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorDossou, Toyo Amegnonna Marcel
dc.contributor.authorEluwole, Kayode Kolawole
dc.contributor.authorLasisi, Taiwo Temitope
dc.contributor.authorUzuner, Gizem
dc.date.accessioned2024-09-11T19:58:12Z
dc.date.available2024-09-11T19:58:12Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractAccording to the United Nations World Tourism Organization (UNWTO), tourism is critical to a country’s economic development. It acts as a catalyst for direct and indirect job creation, economic growth, and the attraction of foreign direct investment (FDI). To this end, the present study looks into the relationship between economic growth (GDP), domestic credit (DC), tourism (TR), FDI, and CO2 emissions for selected Mediterranean countries. This study employs panel corrected standard errors (PCSE) and dynamic ordinary least squares (DOLS) approaches to assure the trustworthiness of the findings. The empirical information gathered supports the idea that tourism adds to pollution in the analyzed blocs. Furthermore, the data supports the pollution haven hypothesis concept by demonstrating that an increase in FDI harms the environment. The study’s findings advocate for precautionary actions to alleviate the detrimental effects of tourism-related pollution. Ecotourism policies that support sustainable behaviors must be developed and implemented. Countries can establish a balance between economic growth and environmental protection by implementing such policies. Governments, policymakers, and stakeholders must work together to create effective frameworks and policies that promote responsible tourism. This research fills a knowledge vacuum by shedding light on the specific dynamics of Mediterranean tourism businesses. Economic growth, domestic credit, tourism, FDI, and CO2 emissions are all linked, according to empirical research. The findings highlight the importance of establishing ecotourism legislation and constructing sustainable infrastructure to reduce tourism’s negative environmental impacts. Countries may safeguard the long-term viability of their tourism businesses by finding a balance between economic growth and environmental protection. © 2023, Econjournals. All rights reserved.en_US
dc.description.sponsorshipNew Uzbekistan Universityen_US
dc.description.sponsorshipGizem Uzuner sincerely acknowledges the New Uzbekistan University for their support and financial funding in realizing this study.en_US
dc.identifier.doi10.32479/ijeep.14826
dc.identifier.endpage331en_US
dc.identifier.issn2146-4553en_US
dc.identifier.issue5en_US
dc.identifier.scopus2-s2.0-85171981827en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage325en_US
dc.identifier.urihttps://doi.org/10.32479/ijeep.14826
dc.identifier.urihttps://hdl.handle.net/11363/8441
dc.identifier.volume13en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEconjournalsen_US
dc.relation.ispartofInternational Journal of Energy Economics and Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectCarbon Reduction; Green Tourism; Mediterranean Countries; Panel Econometrics; Sustainability; Tourism-Emissionen_US
dc.titleTourism and the Mediterranean Experience Amidst Environmental Issues: Fresh Insights from Panel Analysisen_US
dc.typeArticleen_US

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