Assessing the linkage between energy consumption, fnancial development, tourism and environment: evidence from method of moments quantile regression

dc.authoridhttps://orcid.org/0000-0002-7567-9885en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.contributor.authorOhajionu, Uchechi Cynthia
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorHaseki, Murat İsmet
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2023-10-05T06:57:04Z
dc.date.available2023-10-05T06:57:04Z
dc.date.issued2022en_US
dc.departmentUygulamalı Bilimler Fakültesien_US
dc.description.abstractAccording to the United Nations World Tourism Organization (UNWTO), tourism sector ranks high in terms of her contribution to economic growth and employment opportunity generation in most economies. Several studies have been documented in the extant literature on the nexus between emission, tourism, and economic growth. However, the role of foreign direct investment that highlights either pollution haven or halo hypothesis and pivotal role of domestic credit to private sector in an environmental Kuznets curve (EKC) environment is lacking in the extant literature. To this end, this study used augmented mean group (AMG) and method of moment quantile regression (MM-QR) approaches to explore the nexus between per capital income and its square, tourism, foreign direct investment, domestic credit to private sector and CO2 emission. Empirical results show that tourism had a negative signifcant relationship with CO2 emission. Furthermore, income on the other hand had positive relationship with emissions while its square had negative relationship with emissions. This result also shows the presence of EKC indicating the inverted U-shaped curve. FDI has shown a positive signifcant relationship with pollution which indicates the pollutant haven hypothesis (PHH), and credit to private sector shows a positive relationship with CO2 emission. On the causality analysis from Dumitrescu and Hurlin panel causality test, there was a bi-directional causality between: tourism and CO2 emission, per capital income and CO2 emission as well as domestic credit and CO2 emission. From these outcomes, it shows that tourism development is not detrimental to environmental quality in the Mediterranean region investigated. However, there is need for caution on FDI infux and dirty economic activities that might compromise environmental quality in the study bloc.en_US
dc.identifier.doi10.1007/s11356-021-17920-6en_US
dc.identifier.endpage30018en_US
dc.identifier.issn0944-1344
dc.identifier.issn1614-7499
dc.identifier.issue20en_US
dc.identifier.pmid34997499en_US
dc.identifier.scopus2-s2.0-85122538527en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage30004en_US
dc.identifier.urihttps://hdl.handle.net/11363/5753
dc.identifier.urihttps://doi.org/
dc.identifier.volume29en_US
dc.identifier.wosWOS:000740214300004en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.institutionauthorOhajionu, Uchechi Cynthia
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherSPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANYen_US
dc.relation.ispartofEnvironmental Science and Pollution Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectGreen tourismen_US
dc.subjectSustainable developmenten_US
dc.subjectSustainabilityen_US
dc.subjectCarbon reductionen_US
dc.subjectPanel econometricsen_US
dc.subjectMediterranean countriesen_US
dc.titleAssessing the linkage between energy consumption, fnancial development, tourism and environment: evidence from method of moments quantile regressionen_US
dc.typeArticleen_US

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