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Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

Author

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  • Muntasir Murshed

    (School of Business and Economics, North South University, Dhaka 1208, Bangladesh)

  • Haider Mahmood

    (Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, P.O. Box 173, Alkharj 11942, Saudi Arabia)

  • Tarek Tawfik Yousef Alkhateeb

    (Department of Agriculture Economics, Kafrelsheikh University, Kafrelsheikh 33516, Egypt)

  • Suvajit Banerjee

    (Department of Economics and Politics, Vidya Bhavana, Visva Bharati University, Bolpur 731204, India)

Abstract

This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses, accounting for cross-sectional dependency and slope heterogeneity issues, showed that higher degrees of intra-regional trade between the South Asian economies exert positive impacts on the IITD in South Asia. Similarly, undergoing a RET was found to stimulate the IITD further. Besides, the joint favorable impacts of regional trade integration and RET on South Asia’s IITD were also ascertained. Therefore, these findings impose key policy implications concerning the pertinence of strengthening regional trade cooperation between the South Asian neighbors and boosting renewable energy consumption for enhancing the IITD further.

Suggested Citation

  • Muntasir Murshed & Haider Mahmood & Tarek Tawfik Yousef Alkhateeb & Suvajit Banerjee, 2020. "Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia," Sustainability, MDPI, vol. 12(20), pages 1-17, October.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:20:p:8341-:d:425889
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