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

Research output: Contribution to journalArticlepeer-review

47 Downloads (Pure)

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 languageEnglish
Article numbere0288098
Pages (from-to)1-20
Number of pages20
JournalPLoS One
Volume18
Issue number11
DOIs
Publication statusPublished - Nov 2023

Bibliographical note

Publisher Copyright:
Copyright: © 2023 Erdiaw-Kwasie et al.

Fingerprint

Dive into the research topics of 'Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis'. Together they form a unique fingerprint.

Cite this