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The role of tourism, trade, renewable energy use and carbon dioxide emissions on economic growth:evidence of tourism-led growth hypothesis in EU-28

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dc.contributor.authorBalsalobre-Lorente, Daniel
dc.contributor.authorLeitão, Nuno Carlos
dc.date.accessioned2020-09-02T09:14:42Z
dc.date.available2020-09-02T09:14:42Z
dc.date.issued2020
dc.description.abstractThe article examines the effects of renewable energy, trade, carbon dioxide emissions and international tourism on economic growth in EU-28, considering panel data for the period 1995-2014. The investigation finds the new determinants of economic growth. The empirical results find support from the panel fully modified least squares (FMOLS), panel dynamic least squares (DOLS) and fixed effects (FE) as estimation techniques. The econometric results are consistent with the existing literature. The variables considered in this study are cointegrated in the first difference, as suggested by the panel unit root test. The present study seeks to advance the knowledge of the growth determinants, paying attention to the effect that both the tourism and energy sector exerts on economic growth for EU-28 countries. The empirical results demonstrate that trade openness, tourism arrivals and renewable energy encourage economic growth. Therefore, according to the econometric results, renewable energy allows improving environmental quality. However, CO2 emissions are positively correlated with economic growth, showing that growth is directly correlated by climate change and greenhouse gas. The results also confirm the tourism-led growth hypothesis (TLGH) for the panel. Finally, the empirical results confirm that trade openness, energy use and international tourism contribute to enhance economic growth. Based on these findings, further insights and policy prescription are offered in the concluding section.Graphical abstract.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationBalsalobre-Lorente, D. & Leitão, N.C. (2020). The role of tourism, trade, renewable energy use and carbon dioxide emissions on economic growth: evidence of tourism-led growth hypothesis in EU-28. Environmental Science and Pollution Research. doi: 10.1007/s11356-020-10375-1pt_PT
dc.identifier.doi10.1007/s11356-020-10375-1pt_PT
dc.identifier.issn0944-1344
dc.identifier.issn1614-7499
dc.identifier.urihttp://hdl.handle.net/10400.15/3042
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherSpringerpt_PT
dc.relation.publisherversionhttps://link.springer.com/article/10.1007/s11356-020-10375-1#citeaspt_PT
dc.subjectTourism arrivalspt_PT
dc.subjectEconomic growthpt_PT
dc.subjectClimate changept_PT
dc.subjectRenewable energypt_PT
dc.subjectPanel datapt_PT
dc.titleThe role of tourism, trade, renewable energy use and carbon dioxide emissions on economic growth:evidence of tourism-led growth hypothesis in EU-28pt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.titleEnvironmental Science and Pollution Researchpt_PT
person.familyNameLeitão
person.givenNameNuno Carlos
person.identifier.orcid0000-0002-7602-2615
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication59b3a478-abed-4851-a925-fe8d133213c5
relation.isAuthorOfPublication.latestForDiscovery59b3a478-abed-4851-a925-fe8d133213c5

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