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Regional Integration, International Tourism Demand and Renewable Energy Transition: Evidence from selected South Asia Economies

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  • Murshed, Muntasir

Abstract

The aim of this paper is to explore the international tourism demand-renewable energy consumption-intra-regional trade nexus across seven South Asian economies. The Emirmahmutoglu–Kose and Dumitrescu–Hurlin causality test results reveal unidirectional causalities stemming from tourist influx and intra-regional trade to renewable energy consumption. Moreover, bidirectional causality is found between tourism demand and regional trade. Thus, these results are anticipated to generate key policy implications.

Suggested Citation

  • Murshed, Muntasir, 2019. "Regional Integration, International Tourism Demand and Renewable Energy Transition: Evidence from selected South Asia Economies," MPRA Paper 98095, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:98095
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    File URL: https://mpra.ub.uni-muenchen.de/98117/1/MPRA_paper_98095.pdf
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    References listed on IDEAS

    as
    1. Murshed, Muntasir, 2019. "Trade Liberalization Policies and Renewable Energy Transition in Low and Middle-Income Countries? An Instrumental Variable Approach," MPRA Paper 97075, University Library of Munich, Germany.
    2. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    3. Emirmahmutoglu, Furkan & Kose, Nezir, 2011. "Testing for Granger causality in heterogeneous mixed panels," Economic Modelling, Elsevier, vol. 28(3), pages 870-876, May.
    4. Joakim Westerlund, 2005. "New Simple Tests for Panel Cointegration," Econometric Reviews, Taylor & Francis Journals, vol. 24(3), pages 297-316.
    5. M. Hashem Pesaran, 2007. "A simple panel unit root test in the presence of cross-section dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
    6. Muntasir Murshed, 2018. "Does Improvement in Trade Openness Facilitate Renewable Energy Transition? Evidence from Selected South Asian Economies," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 19(2), pages 151-170, September.
    7. T. S. Breusch & A. R. Pagan, 1980. "The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(1), pages 239-253.
    8. Murshed, Muntasir, 2020. "Are Trade Liberalization policies aligned with Renewable Energy Transition in low and middle income countries? An Instrumental Variable approach," Renewable Energy, Elsevier, vol. 151(C), pages 1110-1123.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    tourism demand; renewable energy transition;

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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