Regional Integration, International Tourism Demand and Renewable Energy Transition: Evidence from selected South Asia Economies

Murshed, Muntasir (2019): Regional Integration, International Tourism Demand and Renewable Energy Transition: Evidence from selected South Asia Economies.

Abstract

The aim of this paper is to explore the international tourism demand-renewable energy consumption-intra-regional trade nexus across seven South Asian economies. The Emirmahmutoglu–Kose and Dumitrescu–Hurlin causality test results reveal unidirectional causalities stemming from tourist influx and intra-regional trade to renewable energy consumption. Moreover, bidirectional causality is found between tourism demand and regional trade. Thus, these results are anticipated to generate key policy implications.

• Item Type: MPRA Paper
• Language: English
• Keywords: tourism demand, renewable energy transition
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q20 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q42 - Alternative Energy Sources

References

1. Amin, S. B., & Murshed, M. (2016). The economies of cross-border electricity trading in Bangladesh. Prospects & Challenges of Connectivity & Trading in Power & Energy: A Regional & International Perspective, 1, 119-128. 2. Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The review of economic studies, 47(1), 239-253. 3. Dumitrescu, E. I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic modelling, 29(4), 1450-1460. 4. Emirmahmutoglu, F., & Kose, N. (2011). Testing for Granger causality in heterogeneous mixed panels. Economic Modelling, 28(3), 870-876. 5. Lee, C. G. (2013). Electricity consumption and international tourism: The case of Singapore. Anatolia, 24(1), 91-94. 6. Murshed, M. (2018). Does improvement in trade openness facilitate renewable energy transition? Evidence from selected South Asian economies. South Asia Economic Journal, 19(2), 151-170. 7. Murshed, M. (2019). Are Trade Liberalization policies aligned with Renewable Energy Transition in low and middle income countries? An Instrumental Variable approach. Renewable Energy. DOI: 10.1016/j.renene.2019.11.106 8. Peng, B., Song, H., Crouch, G. I., & Witt, S. F. (2015). A meta-analysis of international tourism demand elasticities. Journal of Travel Research, 54(5), 611-633. 9. Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of applied econometrics, 22(2), 265-312. 10. Shezan, S. A., Saidur, R., Ullah, K. R., Hossain, A., Chong, W. T., & Julai, S. (2015). Feasibility analysis of a hybrid off-grid wind–DG-battery energy system for the eco-tourism remote areas. Clean Technologies and Environmental Policy, 17(8), 2417-2430. 11. Westerlund, J. (2005). New simple tests for panel cointegration. Econometric Reviews, 24(3), 297-316. 12. World Bank. (2019). World Development Indicators database. World Bank.