Journal of Tourism and Development

Journal of Tourism and Development

The Impact of Carbon Emissions (CO2) on the Tourism Industry in the Selected Countries

Document Type : Original Article

Authors
1 PhD Candidate in Economics, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran.
2 Associate Professor, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran
3 MA student in Economics, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran.
10.22034/jtd.2023.413503.2814
Abstract
Today, the increase in carbon dioxide (CO2) emissions and its adverse environmental effects have been noticed more than ever. In this regard, The main goal of this research is to investigate the impact of CO2 emissions on the tourism income of selected countries that are members of the Organization for Economic Cooperation and Development (OECD) during the annual period of 2008 to 2019 using the panel quantile regression model. The quantile panel regression estimation results show that carbon emission (LCO2) hurts tourism income in all deciles except for the first, second, fourth, and fifth deciles. The rest of the deciles have statistical significance. Gross domestic product (LGDP) positively and significantly affects all deciles. Trade openness (LTRADE) positively affects tourism income in all deciles except for the fifth, sixth, and seventh deciles. The rest of the deciles have statistical significance. The number of incoming tourists (LTN) up to the sixth decile positively affects tourism income, and the seventh and eighth deciles have no statistical significance. The governance index (GOV), except for the second, third, and fourth deciles, has a negative effect. However, in the rest of the deciles, it positively affects tourism income, and the sixth, eighth, and ninth deciles have statistical significance. The exchange rate (LEX) negatively affects tourism income in all deciles, and except for the first decile, the rest have statistical significance.
Keywords

 
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