THE IMPACT OF INTERNATIONAL TOURISM ON ENERGY CONSUMPTION: A PANEL STUDY OF THE WESTERN BALKANS AND THE EUROPEAN UNION

Jelena Petrović, Žarko Dimitrijević

DOI Number
https://doi.org/10.22190/FULP2002055P
First page
055
Last page
067

Abstract


During the 21st century, international tourism has recorded a steady increase and a growing importance for the economic growth and development of many countries. Yet, tourism in general and international tourism in particular require a vast amount of energy for products and services that are needed to satisfy tourists` needs and wants. The purpose of this paper is to analyze the impact of international tourism on the final energy consumption in the Western Balkans and the European Union (EU) countries in the period from 2007 to 2017. The results of regression analysis indicate that the impact of the number of foreign tourists on final energy consumption depends on the level of international tourism development. Concurrently, the results indicate that population and GDP per capita have an important impact on the final energy consumption in the EU and the Western Balkans countries.

Keywords

international tourism, energy consumption, foreign tourists, population, GDP per capita

Full Text:

PDF

References


Apergis, N., Payne, J. E., (2009). Energy consumption and economic growth in Central America: Evidence from a panel cointegration and error-correction model, Energy Economics, Vol. 31., No. 2., 2009, pp. 211-216.

Balaguer, J., Cantavella-Jorda, M., (2002). Tourism as a Long-run Economic Growth Factor: The Spanish Case, Applied Economics,Vol. 34., No. 7., 2002, pp. 877–884.

Becken, S., (2002) Analysing international tourist flows to estimate energy use associated with air travel, Journal of Sustainable Tourism, Vol. 10., No. 2., 2002, pp. 114–31.

Becken, S., Simmons, D., (2002). Understanding energy consumption patterns of tourist attractions and activities in New Zealand, Tourism Management, Vol. 23., No. 4., 2002, pp. 343–54.

Leon, C. J., Arana, J. E., Aleman, A. H., (2014). CO2 emissions and tourism in developed and less developed countries, Applied Economics Letters, Vol. 21., No. 16., 2014, pp. 1169-1173.

Chandran, V. G. R., Tang, C.F., (2013). The dynamic links between CO2 emissions, economic growth and coal consumption in China and India, Applied Energy, Vol. 104., No. C, 2013, pp. 310-318.

Cheng, B., (1995). An investigation of cointegration and causality between energy consumption and economic growth, Journal of Energy and Development, Vol. 21., No. 1., 1995, pp. 73–84.

European Commission (2020). Eurostat. Retrived 15 January, 2020 https://ec.europa.eu/eurostat/data/database

European Commission, Tourism statistics - annual results for the accommodation sector

Retrived 15 January, 2020, from https://ec.europa.eu/eurostat/data/database,

European Commission, News

Retrived 17 May, 2020, from https://ec.europa.eu/info/news/preparing-future-eu-strategy-energy-sector-integration-2020-apr-14_en,

Ghosh, S., (2009). Electricity supply, employment and real GDP in India: Evidence from cointegration and Granger-causality tests, Energy Policy, Vol. 37., No. 8., 2009, pp. 2926-2929.

Glasure, Y.U., (2002). Energy and national income in Korea: further evidence on the role of omitted variables, Energy Economics, Vol. 24., No. 4., 2002, pp. 355–365.

Government of Albania, National Energy and Action Plan, June 2003, updated April 2005.

Government of Montenegro, Ministry of Labor and Entrepreneurship, Energy Development Strategy Up By 2030, May, 2014.

Jalil, A., Mahmood, T., Idrees, M., (2013). Tourism-growth nexus in Pakistan: Evidence from ARDL bounds tests, Economic Modelling, Vol. 35., No. C, 2013, pp. 185-191.

Jobert, T., Karanfil, F., (2007). Sectoral energy consumption by source and economic growth in Turkey, Energy Policy, Vol. 35., No. 11., 2007, pp. 5447–5456.

Katircioğlu, S. T., (2010). Testing the tourism-led growth hypothesis for Singapore – an empirical investigation from bounds test to cointegration and Granger causality tests, Tourism Economics, Vol. 16., No. 4, 2010, pp. 1095-1101.

Katircioğlu, S. T., (2014). International tourism, energy consumption, and environmental pollution: The case of Turkey, Renewable and Sustainable Energy Reviews, 36(C), 180-187.

Kelly, J., Williams, P., (2007). Modeling Tourism Destination Energy Consumption and Greenhouse Gas Emissions: Whistler, British Columbia, Canada, Journal of Sustainable Tourism, Vol. 15., No. 1., 2007, pp. 67-90.

Lean, H. H., Smyth, R., (2010). CO2 emissions, electricity consumption and output in ASEAN, Applied Energy, Vol. 87., No. 6., 2010, pp. 1858-1864.

Lee, C.C., Chang, C.P., Chen, P.F., (2008). Energy-income causality in OECD countries revisited: the key role of capital stock, Energy Economics, Vol. 30., No. 1., 2008, pp. 2359–2373.

Lee, C. G., Hung, W. T., (2010). Tourism, health and income in Singapore, International Journal of Tourism Research, Vol. 12., No. 4., 2010, pp. 355-359.

Lee, J. W., Brahmasrene, T., (2013). Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union, Tourism Management, Vol. 38., 2013, pp. 69-76.

Mudarissov, B. A., Lee, Y., (2014). The relationship between energy consumption and economic growth in Kazakhstan, Geosystem Engineering, Vol. 17., No. 1., 2014, pp. 63-68.

National Assembly of The Republic of Serbia, Energy Sector Development Strategy of the Republic of Serbia for the period by 2025 with projections by 2030, (Official Herald of The Republic of Serbia 101/2015)

Oh, C.O., (2005). Contribution of tourism development to economic growth in the Korean, economy. Tourism Management, Vol. 26., No. 1., 2005, pp. 39-44.

Paul, B. P., Uddin, G.S., (2011). Energy and output dynamics in Bangladesh, Energy Economics, Vol. 33., No. 3., 2011, pp. 480-487.

Payne, J. E., (2009). On the dynamics of energy consumption and output in the US, Applied Energy, Vol. 86., No. 4., 2009, pp. 75–77.

Shahbaz, M., Feridun, M., (2012). Electricity consumption and economic growth empirical evidence from Pakistan, Quality and Quantity, Vol. 46., No. 5., 2012, pp. 1583-1599.

Soares, J. A., Kim, Y. K., Heo, E., (2014). Analysis of causality between energy consumption and economic growth in Indonesia, Geosystem Engineering, Vol. 17., No. 1., 2014, pp. 58-62.

Tang, C. F., (2008). A re-examination of the relationship between electricity consumption and economic growth in Malaysia, Energy Policy, Vol. 36., No. 8., 2008, 3077–3085.

Tang, C. F., (2011). Is the tourism-led growth hypothesis valid for Malaysia? A view from disaggregated tourism markets, International Journal of Tourism Research, Vol. 13., No. 1., 2011, pp. 97-101.

Tang, C. F., Abosedra, S., (2014). The impact of tourism, energy consumption and political instability on economic growth in the MENA countries, Energy Policy, Vol. 68., No. C, 2014, pp. 458-464.

Tang, C. F., Abosedra, S., (2016). Tourism and growth in Lebanon: New evidence from bootstrap simulation and rolling causality approaches, Empirical Economics, Vol. 50., No. 2., 2016, pp. 679-697

Tang, C. F., Tan, E. C., (2013). Exploring the nexus of electricity consumption, economic growth, energy prices and technology innovations in Malaysia, Applied Energy, Vol. 104., No. C, 2013, pp. 297-305.

Tiwari, A. K., Ozturk, I., Aruna, M., (2013). Tourism, energy consumption and climate change in OECD countries, International Journal of Energy Economics and Policy, Vol. 3., No. 3., 2013, pp. 247-261.

UNWTO, European Union Tourism Trends, https://www.e-unwto.org/doi/pdf/10.18111/9789284419470 World Tourism Organization (2018), European Union Tourism Trends, UNWTO, Madrid, DOI: https://doi.org/10.18111/9789284419470

Vidyarthi, H., (2013), Energy consumption, carbon emissions and economic growth in India, World Journal of Science, Technology and Sustainable Development, Vol. 10 No. 4, 2013, pp. 278-287.

Yorucu, V., & Mehmet, O. (2015). Modeling energy consumption for growth in an open economy: ARDL and causality analysis for Turkey, International Journal of Green Energy, Vol. 12., No., 12, 2015, pp. 1197-1205.

The World Bank, Retrived 15 December, 2019, from https://data.worldbank.org




DOI: https://doi.org/10.22190/FULP2002055P

Refbacks

  • There are currently no refbacks.


ISSN 1450-5517 (Print)
ISSN 2406-1786 (Online)