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Tourism, Energy Consumption and Climate Change in OECD Countries

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Author Info

  • Aviral Kumar Tiwari

    (Faculty of Applied Economics and Faculty of Management, ICFAI University, Tripura, Kamalghat, Sadar, West Tripura)

  • Ilhan Ozturk

    (Faculty of Economics and Administrative Sciences, Cag University, 33800, Mersin, Turkey)

  • M. Aruna

    (Department of Management, IFHE Hyderabad, India)

Abstract

The study analyzed dynamics of the relationship between tourism, energy consumption, and climate change for 25 OECD countries during 1995-2005. For the analysis, Panel VAR (PVAR) model was used. Results of panel unit root-tests show that tourism is nonstationary in the level form but stationary in first difference form and energy consumption and climate change are stationary variables in the level form. Analysis of bivariate model shows that results are sensitive with change in the measurement of the tourism variable, change in order of variable and inclusion of the third variable. However, results of our trivariate model are found to be insensitive with either the change in the measurement of our tourism variable or change in the ordering of the variables. Our results of IRFs shows that response of tourism in one SD shock in climate change and energy consumption and response of climate change emissions to tourism is marginally positive. Further, we find that response of climate change in one SD shock in energy consumption and response of energy consumption in one SD shock in tourism and climate change is zero.

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File URL: http://www.econjournals.com/index.php/ijeep/article/download/514/289
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Bibliographic Info

Article provided by Econjournals in its journal International Journal of Energy Economics and Policy.

Volume (Year): 3 (2013)
Issue (Month): 3 ()
Pages: 247-261

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Handle: RePEc:eco:journ2:2013-03-6

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Related research

Keywords: Tourism; energy consumption; climate change; OECD countries; panel VAR;

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References

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  1. Maria Berrittella & Andrea Bigano & Roberto Roson & Richard S.J. Tol, 2004. "A General Equilibrium Analysis Of Climate Change Impacts On Tourism," Working Papers FNU-49, Research unit Sustainability and Global Change, Hamburg University, revised Nov 2004.
  2. Aviral Kumar Tiwari, 2011. "Comparative performance of renewable and nonrenewable energy source on economic growth and CO2 emissions of Europe and Eurasian countries: A PVAR approach," Economics Bulletin, AccessEcon, vol. 31(3), pages 2356-2372.
  3. Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002. "Unit root tests in panel data: asymptotic and finite-sample properties," Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
  4. Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics 9526, Faculty of Economics, University of Cambridge.
  5. Jacqueline M. Hamilton & David J. Maddison & Richard S.J. Tol, 2004. "The Effects Of Climate Change On International Tourism," Working Papers FNU-36, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2004.
  6. Gössling, Stefan & Peeters, Paul & Ceron, Jean-Paul & Dubois, Ghislain & Patterson, Trista & Richardson, Robert B., 2005. "The eco-efficiency of tourism," Ecological Economics, Elsevier, vol. 54(4), pages 417-434, September.
  7. Becken, Susanne & Frampton, Chris & Simmons, David, 2001. "Energy consumption patterns in the accommodation sector--the New Zealand case," Ecological Economics, Elsevier, vol. 39(3), pages 371-386, December.
  8. Maddala, G S & Wu, Shaowen, 1999. " A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 631-52, Special I.
  9. Gossling, Stefan & Hansson, Carina Borgstrom & Horstmeier, Oliver & Saggel, Stefan, 2002. "Ecological footprint analysis as a tool to assess tourism sustainability," Ecological Economics, Elsevier, vol. 43(2-3), pages 199-211, December.
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