Abstract
India is one of the fastest growing nations in the world with ample scope for renewable energy. Nevertheless, challenges in expansion of renewable energy consumption have resulted in pollutant emissions continuing to be a noteworthy environmental concern in India. This paper investigates the relationship between energy consumption, CO2 emissions, Gross Domestic Product (GDP), and international tourist arrivals in India during 1991-2018, using the Autoregressive Distributed Lag and Vector Error Correction Model frameworks. This study extends the Indian literature on economic growth, energy consumption, and pollutant emissions nexus by including tourism, an energy-intensive industry in the model specification. Results reveal that energy consumption and tourism positively contribute to CO2 emissions. A long-run unidirectional causality running from energy consumption, GDP, GDP2, and tourist arrivals towards CO2 emissions is observed. Our results suggest that sustainable tourism, energy consumption, and economic growth should be at the forefront of the economic development agenda of India.
Original language | English |
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Pages (from-to) | 361-380 |
Number of pages | 20 |
Journal | Journal of the Asia Pacific Economy |
Volume | 26 |
Issue number | 2 |
Early online date | 28 Jun 2021 |
DOIs | |
Publication status | Published - 2021 |
Bibliographical note
Funding Information:The authors wish to thank Accounting, Finance and Economics Department Energy Cluster, Grififth University and Asia Pacific College of Business and Law, Charles Darwin University for providing funds to facilitate this research project. The authors also gratefully acknowledge Ms. Tanya Parker for editorial assistance.
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© 2021 Informa UK Limited, trading as Taylor & Francis Group.
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.