Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis

Michael Odei Erdiaw-Kwasie; Kofi Kusi Owusu-Ansah; Matthew Abunyewah; Khorshed Alam; Abebe Hailemariam; Patrick Arhin; Kerstin K. Zander; Jonatan Lassa

doi:10.1371/journal.pone.0288098

Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis

Michael Odei Erdiaw-Kwasie, Kofi Kusi Owusu-Ansah, Matthew Abunyewah, Khorshed Alam, Abebe Hailemariam, Patrick Arhin, Kerstin K. Zander, Jonatan Lassa

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Abstract

The study examines how progress towards a circular economy (CE), patents related to recycling and secondary raw materials as a proxy for innovation, affect tourism receipts. The study uses Autoregressive Distributed Lag (ARDL) and Error Correction Method (ECM) to analyse time series data from EU countries from 2000 to 2020. Our estimates show that there exist long-run and short-run equilibrium relationships. In sum, evidence shows that promoting circular innovative practices, including recycling and using secondary raw materials in tourist destinations, could improve environmental quality and positively impact tourism receipts. The study concludes with policy and practical suggestions for circular economy innovation towards green tourism, destination management, and sustainable tourism.

Original language	English
Article number	e0288098
Pages (from-to)	1-20
Number of pages	20
Journal	PLoS One
Volume	18
Issue number	11
DOIs	https://doi.org/10.1371/journal.pone.0288098
Publication status	Published - Nov 2023

Bibliographical note

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Copyright: © 2023 Erdiaw-Kwasie et al.

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abstract = "The study examines how progress towards a circular economy (CE), patents related to recycling and secondary raw materials as a proxy for innovation, affect tourism receipts. The study uses Autoregressive Distributed Lag (ARDL) and Error Correction Method (ECM) to analyse time series data from EU countries from 2000 to 2020. Our estimates show that there exist long-run and short-run equilibrium relationships. In sum, evidence shows that promoting circular innovative practices, including recycling and using secondary raw materials in tourist destinations, could improve environmental quality and positively impact tourism receipts. The study concludes with policy and practical suggestions for circular economy innovation towards green tourism, destination management, and sustainable tourism.",

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AU - Erdiaw-Kwasie, Michael Odei

AU - Owusu-Ansah, Kofi Kusi

AU - Abunyewah, Matthew

AU - Alam, Khorshed

AU - Hailemariam, Abebe

AU - Arhin, Patrick

AU - Zander, Kerstin K.

AU - Lassa, Jonatan

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Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis

Abstract

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