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Investigating the impact of blue economy factors such as tourism, fishing and renewable energy on economic growth: fresh panel evidence from Bangladesh, Myanmar and India

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  • Mst. Jannatul Mawa
  • Ahsan Habib
  • Nayem Miah
  • Imtiaz Uddin
  • Md. Hasanur Rahman

Abstract

The present study examined the factors of the blue economy and measured the influence of the selected factors on economic growth. This study conducted a balanced panel analysis using secondary data spanning from 1995 to 2023. The unit root test results state that variables are stationary at first differences, and there is cointegration. The major findings of this study indicate a positive association between renewable energy use and economic growth. A 1% increase in renewable energy consumption tends to boost economic growth by 0.18%. Tourism has failed to determine economic growth in this selected panel group. More precisely, a 1% increase in fishing value boosts economic growth by 0.44%. The economic significance of fishing in Bangladesh, India, and Myanmar is very high. This study makes a significant contribution by analysing the correlation between the characteristics of the blue economy and economic growth in Bangladesh, Myanmar, and India.

Suggested Citation

  • Mst. Jannatul Mawa & Ahsan Habib & Nayem Miah & Imtiaz Uddin & Md. Hasanur Rahman, 2026. "Investigating the impact of blue economy factors such as tourism, fishing and renewable energy on economic growth: fresh panel evidence from Bangladesh, Myanmar and India," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 20(2), pages 89-107.
    • Handle: RePEc:ids:ijgrec:v:20:y:2026:i:2:p:89-107
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