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The Impact of Tourism and Financial Development on Energy Consumption and Carbon Dioxide Emission: Evidence from Post-communist Countries

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  • Arletta Isaeva

    (ERGO Analytics)

  • Raufhon Salahodjaev

    (Tashkent State University Of Economics)

  • Anastas Khachaturov

    (ERGO Analytics)

  • Shakhnoza Tosheva

    (ERGO Analytics)

Abstract

The purpose of this study is to investigate the causal relationship among energy consumption, carbon emission, financial development, and tourism using a sample of 12 post-communist countries in the period between 1995 and 2014. The results of Pedroni and Kao tests show the cointegration among observed variables. The Granger non-causality test demonstrates that there is bi-directional causality in financial development–tourism and energy–emission nexuses. The one-way causality is identified in cases of tourism–energy, tourism–CO2, finance–energy, and finance–CO2.

Suggested Citation

  • Arletta Isaeva & Raufhon Salahodjaev & Anastas Khachaturov & Shakhnoza Tosheva, 2022. "The Impact of Tourism and Financial Development on Energy Consumption and Carbon Dioxide Emission: Evidence from Post-communist Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 773-786, March.
    • Handle: RePEc:spr:jknowl:v:13:y:2022:i:1:d:10.1007_s13132-021-00732-x
    DOI: 10.1007/s13132-021-00732-x
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