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

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

84 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 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

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 12 Responsible Consumption and Production
SDG 17 Partnerships for the Goals

Access to Document

10.1371/journal.pone.0288098

91706231-oaFinal published version, 958 KBLicence: CC BY

Cite this

@article{44e72d74ffb94cfe9c92000ec3e55df4,

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

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.",

author = "Erdiaw-Kwasie, \{Michael Odei\} and Owusu-Ansah, \{Kofi Kusi\} and Matthew Abunyewah and Khorshed Alam and Abebe Hailemariam and Patrick Arhin and Zander, \{Kerstin K.\} and Jonatan Lassa",

note = "Publisher Copyright: Copyright: {\textcopyright} 2023 Erdiaw-Kwasie et al.",

year = "2023",

month = nov,

doi = "10.1371/journal.pone.0288098",

language = "English",

volume = "18",

pages = "1--20",

journal = "PLoS One",

issn = "1932-6203",

publisher = "Public Library of Science (PLoS)",

number = "11",

}

TY - JOUR

T1 - Circular economy, environmental quality and tourism receipts in Europe

T2 - A time series data analysis

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

PY - 2023/11

Y1 - 2023/11

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/85178500373

U2 - 10.1371/journal.pone.0288098

DO - 10.1371/journal.pone.0288098

M3 - Article

C2 - 38032922

AN - SCOPUS:85178500373

SN - 1932-6203

VL - 18

SP - 1

EP - 20

JO - PLoS One

JF - PLoS One

IS - 11

M1 - e0288098

ER -

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

Abstract

Bibliographical note

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this