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The Validation of the Tourism-Led Growth Hypothesis in the Next Leading Economies: Accounting for the Relevant Role of Education on Carbon Emissions Reduction?

In: Strategies in Sustainable Tourism, Economic Growth and Clean Energy

Author

Listed:
  • Festus Victor Bekun

    (Istanbul Gelisim University
    South Ural State University)

  • Festus Fatai Adedoyin

    (Bournemouth University)

  • Daniel Balsalobre-Lorente

    (University of Castilla-La Mancha)

  • Oana M. Driha

    (University of Alicante)

Abstract

Over the last few decades, a significant volume of research has been documented on the tourism-led growth hypothesis (TLGH). However, the role of education over environmental degradation is yet to be given the desired attention. This study explores the impact of air transport over economic growth between 1994 and 2014 in China, India and the US, the three economies predicted to be the largest in forthcoming years. This way, TLGH is tested while also introducing the connection between education and pollutant emissions (CO2) for these economies. Thus, suggesting how development in air transport contributes positively to enhance economic growth in the long run. In contrast, ascending CO2 emissions are negatively connected to economic growth contributing to its reduction in selected countries. Further empirical results also confirm the positive effects of energy use and education on economic growth. Based on these results, education is seen to mitigate the pernicious effects of environmental degradation over economic growth's dampening effects.

Suggested Citation

  • Festus Victor Bekun & Festus Fatai Adedoyin & Daniel Balsalobre-Lorente & Oana M. Driha, 2021. "The Validation of the Tourism-Led Growth Hypothesis in the Next Leading Economies: Accounting for the Relevant Role of Education on Carbon Emissions Reduction?," Springer Books, in: Daniel Balsalobre-Lorente & Oana M. Driha & Muhammad Shahbaz (ed.), Strategies in Sustainable Tourism, Economic Growth and Clean Energy, chapter 0, pages 249-278, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-59675-0_14
    DOI: 10.1007/978-3-030-59675-0_14
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