Kicking off the PGR Virtual Poster Showcase:
Festus Adedoyin, PhD student in the Faculty of Management with this poster entitled:
‘Energy consumption, CO2 emissions, and tourist arrivals to small island economies dependent on tourism.’
Click the poster below to enlarge.
In less than two decades, the global tourism industry has overtaken the construction industry as one of the bigger polluters, accounting for up to 8% of global greenhouse gas emissions. Consequently, research into the causal link between emissions and the tourism industry have increased significantly focusing extensively on top earners from the industry. However, few studies have thoroughly assessed this relationship for small island economies dependent on tourism. Hence, this paper aims to investigate the causal relationship between CO2 emissions, real GDP per capita, and the tourism industry. The long-run relationship is investigated using Pooled Mean Group ARDL Model. Prior to this, we conduct the Pedroni and Kao cointegration tests, the ADF-Fisher and Im, Perasan Shin unit root tests. We also examine causality using the Dumitrescu and Hurlin (2012) Panel causality tests. Our study seeks to contribute to the energy-growth-tourism debate as well as the feedback mechanism among the variables.