{"title":"Cointegration between Economic, Ecological and Tourism Development","authors":"T. Pimonenko, O. Lyulyov, Yana Us","doi":"10.29036/jots.v12i23.293","DOIUrl":null,"url":null,"abstract":"The well-developed countries have more options to attract tourists and generate profit from the tourism development. At the same time, the high volume of CO2 emissions, ecological risks, polluted nature restrict the tourism development in the country. The reorientation of global development to green growth provokes transformations in all policies of the country’s development. It allows green countries to attract more tourists. In this case, the paper aims to analyze the relationships between economic growth, ecological indicators, and tourism development. Ukraine has chosen the EU vector of development. In this case, it is necessary to identify the targets for synchronizing the Ukrainian policies (economic, ecological, social, tourism, etc.) with the EU. The objects of the investigation were Ukraine and Visegrad countries for 2000-2020 years. The panel data was generated from World Data Bank, Eurostat, European Environmental Agency, and Ukrstat. The dependent variable – GDP (as an indicator of economic growth), independent – greenhouse gas emissions and share of renewable energy in the total energy consumption (ecological indicators), the volume of tourists (indicators of tourism development). At the first stage, the study used bibliometric analysis to identify publication activities’ general tendency on the analyzed issues. The following methods were applied to check the hypothesis on cointegration between variables: panel unit root test, Pedroni panel cointegration tests, and the fully modified ordinary least squares and dynamic ordinary least squares panel cointegration techniques. The findings confirmed the relationships between economic, ecological, and tourism development. Thus, the decline of greenhouse gas emissions leads to increasing tourists, and as a consequence, it provokes GDP growth.","PeriodicalId":43795,"journal":{"name":"Journal of Tourism and Services","volume":" ","pages":""},"PeriodicalIF":3.1000,"publicationDate":"2021-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"38","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Tourism and Services","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.29036/jots.v12i23.293","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"HOSPITALITY, LEISURE, SPORT & TOURISM","Score":null,"Total":0}
引用次数: 38
Abstract
The well-developed countries have more options to attract tourists and generate profit from the tourism development. At the same time, the high volume of CO2 emissions, ecological risks, polluted nature restrict the tourism development in the country. The reorientation of global development to green growth provokes transformations in all policies of the country’s development. It allows green countries to attract more tourists. In this case, the paper aims to analyze the relationships between economic growth, ecological indicators, and tourism development. Ukraine has chosen the EU vector of development. In this case, it is necessary to identify the targets for synchronizing the Ukrainian policies (economic, ecological, social, tourism, etc.) with the EU. The objects of the investigation were Ukraine and Visegrad countries for 2000-2020 years. The panel data was generated from World Data Bank, Eurostat, European Environmental Agency, and Ukrstat. The dependent variable – GDP (as an indicator of economic growth), independent – greenhouse gas emissions and share of renewable energy in the total energy consumption (ecological indicators), the volume of tourists (indicators of tourism development). At the first stage, the study used bibliometric analysis to identify publication activities’ general tendency on the analyzed issues. The following methods were applied to check the hypothesis on cointegration between variables: panel unit root test, Pedroni panel cointegration tests, and the fully modified ordinary least squares and dynamic ordinary least squares panel cointegration techniques. The findings confirmed the relationships between economic, ecological, and tourism development. Thus, the decline of greenhouse gas emissions leads to increasing tourists, and as a consequence, it provokes GDP growth.
期刊介绍:
Journal of Tourism and Services, established in September 2010, is the international reviewed scientific research journal published by the Center for International Scientific Research of VŠO and VŠPP in cooperation with the following partners. The journal publishes high-quality scientific papers and essays with a focus on tourism and service industry development. Together with the scientific part and in order to promote the exchange of current and innovative ideas and stimulating debate, the Journal also includes Reviews of Existing Work or Short Essays, Research Notes, and Research and Industry sections to address important topics and advance theoretical knowledge or thinking about key areas of tourism and services and to allow researchers to present initial findings and reflections or problems concerning fieldwork and research in general.