Research Article
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Year 2023, Volume: 5 Issue: 2, 135 - 143, 04.01.2024
https://doi.org/10.48119/toleho.1382389

Abstract

References

  • Andersson, F. N. (2016). Identifying and modelling cycles and long waves in economic time series. In Structural Analysis And The Process Of Economic Development, Routledge, 34-55.
  • Aydin, M. (2019). Renewable and non-renewable electricity consumption–economic growth nexus: evidence from OECD countries. Renewable Energy, 136, 599-606.
  • Aygün Oğur, A., & Baycan, T. (2023). Assessing climate change impacts on tourism demand in Turkey. Environment, Development and Sustainability, 25(3), 2905-2935.
  • Bahar, O., & Bozkurt, K. (2010). Gelişmekte olan ülkelerde turizm-ekonomik büyüme ilişkisi: dinamik panel veri analizi. Anatolia: Turizm Araştırmaları Dergisi, 21(2), 255-265.
  • Bakhat, M., & Rosselló, J. (2011). Estimation of tourism-ınduced electricity consumption: the case study of Balearics Islands, Spain. Energy Economics, 33(3), 437-444.
  • Bekun, F. V., Adekunle, A. O., Gbadebo, A. D., Alhassan, A., Akande, J. O., & Yusoff, N. Y. M. (2023). Sustainable electricity consumption in South Africa: the impacts of tourism and economic growth. Environmental Science and Pollution Research, 1-11.
  • Brown, R.L., Durbin, J. ve Evans, J.M. (1975), Techniques for Testing the Constancy of Regression Relationships over Time, Journal of the Royal Statistical Society, 37(2), s.149-192.
  • Bulut, U., Ongan, S., Dogru, T. et al. (2023). The nexus between government spending, economic growth, and tourism under climate change: testing the CEM model for the USA. Environ Sci Pollut Res 30, 8 6138–86154 https://doi.org/10.1007/s11356-023-28319-w
  • De Siano, R., & Canale, R. R. (2022). Controversial effects of tourism on economic growth: A spatial analysis on Italian provincial data. Land Use Policy, 117, 106081.
  • Dogru, T., Bulut, U., Kocak, E., Işık, C., Suess, C., & Sirakaya-Turk, E. (2020). The nexus between tourism, economic growth, renewable energy consumption, and carbon dioxide emissions: contemporary evidence from OECD countries. Environmental Science and Pollution Research, 27, 40930-40948.
  • Du, D., Lew, A. A., & Ng, P. T. (2016). Tourism and economic growth. Journal of travel research, 55(4), 454-464.
  • Gençay, R., Gradojevic, N., Selçuk, F., & Whitcher, B. (2010). Asymmetry of information flow between volatilities across time scales. Quantitative Finance, 10(8), 895-915.
  • Habibi, F., Rahmati, M., & Karimi, A. (2018). Contribution of tourism to economic growth in Iran's Provinces: GDM approach. Future Business Journal, 4(2), 261-271.
  • Işık, C. (2012). The USA's international travel demand and economic growth in Turkey: A causality analysis (1990–2008). Tourismos: An International Multidisciplinary Journal of Tourism, 7(1), 235–252.
  • Işık, C. (2015). Foreign direct investment in tourism: Panel data analysis of D7 countries. Athens Journal of Tourism, 2(2), 93-103.
  • Işık, C., Dogru, T., & Turk, E. S. (2018). A nexus of linear and non‐linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence. International Journal of Tourism Research, 20(1), 38-49.
  • Işık, C., Doğan, E., & Ongan, S. (2017). Analyzing the tourism–energy–growth nexus for the top 10 most-visited countries. Economies, 5(4), 40.
  • Işık, C., & Radulescu, M. (2017). Electricity–growth Nexus in Turkey: The importance of capital and labor. Revista Română de Statistică-Supliment nr, 6, 230-44.
  • Işık, C., Sirakaya-Turk, E., & Ongan, S. (2020). Testing the efficacy of the economic policy uncertainty index on tourism demand in USMCA: Theory and evidence. Tourism Economics, 26(8), 1344-1357.
  • Katircioglu, S. T. (2014). International tourism, energy consumption, and environmental pollution: The case of Turkey. Renewable and Sustainable Energy Reviews, 36, 180-187.
  • Lai, T. M., To, W. M., Lo, W. C., Choy, Y. S., & Lam, K. H. (2011). The causal relationship between electricity consumption and economic growth in a Gaming and Tourism Center: The case of Macao SAR, the People’s Republic of China. Energy, 36(2), 1134-1142.
  • Lee, C. G. (2013). Electricity consumption and international tourism: The case of Singapore. Anatolia, 24(1), 91-94.
  • Lee, J. W., & Brahmasrene, T. (2013). Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union. Tourism Management, 38, 69-76.
  • Lew, A. A. (2011). Tourism’s Role in the Global Economy. Tourism Geographies, 13 (1): 148-51.
  • Liu, Y., Kumail, T., Ali, W., & Sadiq, F. (2019). The dynamic relationship between CO2 emission, international tourism and energy consumption in Pakistan: a cointegration approach. Tourism Review, 74(4), 761-779.
  • Liu, Y., Sadiq, F., Ali, W., & Kumail, T. (2022). Does tourism development, energy consumption, trade openness and economic growth matters for ecological footprint: Testing the Environmental Kuznets Curve and pollution haven hypothesis for Pakistan. Energy, 245, 123208.
  • Manzoor, F., Wei, L., Asif, M., Haq, M. Z. U., & Rehman, H. U. (2019). The contribution of sustainable tourism to economic growth and employment in Pakistan. International journal of environmental research and public health, 16(19), 3785.
  • Martín-Cejas, R. R., &Sanchez, P. P. R. (2010). Ecological footprint analysis of road transport related to tourism activity: The case for Lanzarote Island. Tour Manag., 31(1), 98–103.
  • Menegaki, A.N. (2020), The ARDL Method in the Energy-Growth Nexus Field: Best Implementation Strategies, Economies, 7(105), 1-16.
  • Mérida, A., & Golpe, A. A. (2016). Tourism‐led growth revisited for Spain: Causality, business cycles and structural breaks. International Journal of Tourism Research, 18(1), 39-51.
  • Mohapatra, G., & Giri, A. K. (2020). Examining the relationship between electricity consumption, economic growth, energy prices and technology development in India. The Indian Economic Journal, 68(4), 515-534.
  • Muhammad, B. (2019). Energy consumption, CO2 emissions and economic growth in developed, emerging and Middle East and North Africa countries. Energy, 179, 232-245.
  • Narayan, P. (2005), The Saving and Investment Nexus for China: Evidence from Cointegration Tests, Applied Economics, 37(17), 1979-1990.
  • Nissan, E., Galindo, M. A., & Méndez, M. T. (2011). Relationship between tourism and economic growth. The Service Industries Journal, 31(10), 1567-1572.
  • Pablo-Romero, M. D. P., Pozo-Barajas, R., & Sánchez-Rivas, J. (2019). Tourism and temperature effects on the electricity consumption of the hospitality sector. Journal of Cleaner Production, 240, 118168.
  • Paramati, S. R., Alam, M. S.,& Chen, C. F. (2017). The effects of tourism on economic growth and CO2 emissions: a comparison between developed and developing economies. J Travel Res 56(6), 712–724.
  • Pata, U. K., & Balsalobre-Lorente, D. (2022). Exploring the impact of tourism and energy consumption on the load capacity factor in Turkey: a novel dynamic ARDL approach. Environmental Science and Pollution Research, 29(9), 13491-13503.
  • Pata, U. K., Kartal, M. T., Erdogan, S., & Sarkodie, S. A. (2023). The role of renewable and nuclear energy R&D expenditures and income on environmental quality in Germany: Scrutinizing the EKC and LCC hypotheses with smooth structural changes. Applied Energy, 342, 121138.
  • Pesaran, M. H., Shin, Y. & Smith, R.J. (2001), Bounds Testing Approaches to the Analysis of Level Relationships, Journal of Applied Econometrics, 16(3), 289-326.
  • Pesaran, M.H. & Pesaran, B. (1997), Working with Microfit 4.0, Oxford: Oxford University Press. Rahman, M. M. (2020). Environmental degradation: The role of electricity consumption, economic growth and globalisation. Journal of environmental management, 253, 109742.
  • Razzaq, A., Fatima, T., & Murshed, M. (2023). Asymmetric effects of tourism development and green innovation on economic growth and carbon emissions in Top 10 GDP Countries. Journal of Environmental Planning and Management, 66(3), 471-500.
  • Shaheen, K., Zaman, K., Batool, R., Khurshid, M. A., Aamir, A., Shoukry, A. M., ... & Gani, S. (2019). Dynamic linkages between tourism, energy, environment, and economic growth: evidence from top 10 tourism-induced countries. Environmental Science and Pollution Research, 26, 31273-31283.
  • Stamatiou, P. (2022). Modeling electricity consumption for growth in an open economy. International Journal of Energy Economics and Policy.
  • Tang, C. F., Tiwari, A. K., & Shahbaz, M. (2016). Dynamic inter-relationships among tourism, economic growth and energy consumption in India. Geosystem engineering, 19(4), 158-169.
  • Turgut, E., Uçan, O., & Başaran, N. (2021). Turizm sektörünün Türkiye ekonomisine etkisi: ARDL sınır testi yaklaşımı. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (45), 144-159.
  • Visas, H., Rehan, R., Ul-Haq, J., Cheema, A. R., Khanum, S., & Hye, Q. M. A. (2023). Does tourism increase energy consumption in BRICS countries?. Journal of Tourism Management Research, 10(1), 94-106.
  • Yorucu, V., & Mehmet, O. (2015). Modeling energy consumption for growth in an open economy: ARDL and causality analysis for Turkey. International Journal of Green Energy, 12(12), 1197-1205.

Effects of tourism and economic growth on sustainable electricity consumption: Fresh evidence from Türkiye

Year 2023, Volume: 5 Issue: 2, 135 - 143, 04.01.2024
https://doi.org/10.48119/toleho.1382389

Abstract

This study investigated the impact of tourism and economic growth on electricity consumption in the Turkish economy, which operates under an open system, throughout the time span from 1995 to 2022. The analysis employed the ARDL bounds test method and the wavelet-based Fourier causality test. The empirical evidence demonstrates the presence of a long-term cointegration relationship among economic growth, tourist arrivals, and consumption of electricity. The research findings indicate a positive relationship between economic growth, tourist arrivals, and power consumption. To enhance the robustness of the findings, the series underwent wavelet processing, followed by the application of Fourier causality analysis to these transformed series. Wavelet-based causality analysis reveals that trade openness exerts a significant influence on not only electricity consumption but also on tourism and economic growth. The results additionally indicate that shocks exhibit persistence across all components.

References

  • Andersson, F. N. (2016). Identifying and modelling cycles and long waves in economic time series. In Structural Analysis And The Process Of Economic Development, Routledge, 34-55.
  • Aydin, M. (2019). Renewable and non-renewable electricity consumption–economic growth nexus: evidence from OECD countries. Renewable Energy, 136, 599-606.
  • Aygün Oğur, A., & Baycan, T. (2023). Assessing climate change impacts on tourism demand in Turkey. Environment, Development and Sustainability, 25(3), 2905-2935.
  • Bahar, O., & Bozkurt, K. (2010). Gelişmekte olan ülkelerde turizm-ekonomik büyüme ilişkisi: dinamik panel veri analizi. Anatolia: Turizm Araştırmaları Dergisi, 21(2), 255-265.
  • Bakhat, M., & Rosselló, J. (2011). Estimation of tourism-ınduced electricity consumption: the case study of Balearics Islands, Spain. Energy Economics, 33(3), 437-444.
  • Bekun, F. V., Adekunle, A. O., Gbadebo, A. D., Alhassan, A., Akande, J. O., & Yusoff, N. Y. M. (2023). Sustainable electricity consumption in South Africa: the impacts of tourism and economic growth. Environmental Science and Pollution Research, 1-11.
  • Brown, R.L., Durbin, J. ve Evans, J.M. (1975), Techniques for Testing the Constancy of Regression Relationships over Time, Journal of the Royal Statistical Society, 37(2), s.149-192.
  • Bulut, U., Ongan, S., Dogru, T. et al. (2023). The nexus between government spending, economic growth, and tourism under climate change: testing the CEM model for the USA. Environ Sci Pollut Res 30, 8 6138–86154 https://doi.org/10.1007/s11356-023-28319-w
  • De Siano, R., & Canale, R. R. (2022). Controversial effects of tourism on economic growth: A spatial analysis on Italian provincial data. Land Use Policy, 117, 106081.
  • Dogru, T., Bulut, U., Kocak, E., Işık, C., Suess, C., & Sirakaya-Turk, E. (2020). The nexus between tourism, economic growth, renewable energy consumption, and carbon dioxide emissions: contemporary evidence from OECD countries. Environmental Science and Pollution Research, 27, 40930-40948.
  • Du, D., Lew, A. A., & Ng, P. T. (2016). Tourism and economic growth. Journal of travel research, 55(4), 454-464.
  • Gençay, R., Gradojevic, N., Selçuk, F., & Whitcher, B. (2010). Asymmetry of information flow between volatilities across time scales. Quantitative Finance, 10(8), 895-915.
  • Habibi, F., Rahmati, M., & Karimi, A. (2018). Contribution of tourism to economic growth in Iran's Provinces: GDM approach. Future Business Journal, 4(2), 261-271.
  • Işık, C. (2012). The USA's international travel demand and economic growth in Turkey: A causality analysis (1990–2008). Tourismos: An International Multidisciplinary Journal of Tourism, 7(1), 235–252.
  • Işık, C. (2015). Foreign direct investment in tourism: Panel data analysis of D7 countries. Athens Journal of Tourism, 2(2), 93-103.
  • Işık, C., Dogru, T., & Turk, E. S. (2018). A nexus of linear and non‐linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence. International Journal of Tourism Research, 20(1), 38-49.
  • Işık, C., Doğan, E., & Ongan, S. (2017). Analyzing the tourism–energy–growth nexus for the top 10 most-visited countries. Economies, 5(4), 40.
  • Işık, C., & Radulescu, M. (2017). Electricity–growth Nexus in Turkey: The importance of capital and labor. Revista Română de Statistică-Supliment nr, 6, 230-44.
  • Işık, C., Sirakaya-Turk, E., & Ongan, S. (2020). Testing the efficacy of the economic policy uncertainty index on tourism demand in USMCA: Theory and evidence. Tourism Economics, 26(8), 1344-1357.
  • Katircioglu, S. T. (2014). International tourism, energy consumption, and environmental pollution: The case of Turkey. Renewable and Sustainable Energy Reviews, 36, 180-187.
  • Lai, T. M., To, W. M., Lo, W. C., Choy, Y. S., & Lam, K. H. (2011). The causal relationship between electricity consumption and economic growth in a Gaming and Tourism Center: The case of Macao SAR, the People’s Republic of China. Energy, 36(2), 1134-1142.
  • Lee, C. G. (2013). Electricity consumption and international tourism: The case of Singapore. Anatolia, 24(1), 91-94.
  • Lee, J. W., & Brahmasrene, T. (2013). Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union. Tourism Management, 38, 69-76.
  • Lew, A. A. (2011). Tourism’s Role in the Global Economy. Tourism Geographies, 13 (1): 148-51.
  • Liu, Y., Kumail, T., Ali, W., & Sadiq, F. (2019). The dynamic relationship between CO2 emission, international tourism and energy consumption in Pakistan: a cointegration approach. Tourism Review, 74(4), 761-779.
  • Liu, Y., Sadiq, F., Ali, W., & Kumail, T. (2022). Does tourism development, energy consumption, trade openness and economic growth matters for ecological footprint: Testing the Environmental Kuznets Curve and pollution haven hypothesis for Pakistan. Energy, 245, 123208.
  • Manzoor, F., Wei, L., Asif, M., Haq, M. Z. U., & Rehman, H. U. (2019). The contribution of sustainable tourism to economic growth and employment in Pakistan. International journal of environmental research and public health, 16(19), 3785.
  • Martín-Cejas, R. R., &Sanchez, P. P. R. (2010). Ecological footprint analysis of road transport related to tourism activity: The case for Lanzarote Island. Tour Manag., 31(1), 98–103.
  • Menegaki, A.N. (2020), The ARDL Method in the Energy-Growth Nexus Field: Best Implementation Strategies, Economies, 7(105), 1-16.
  • Mérida, A., & Golpe, A. A. (2016). Tourism‐led growth revisited for Spain: Causality, business cycles and structural breaks. International Journal of Tourism Research, 18(1), 39-51.
  • Mohapatra, G., & Giri, A. K. (2020). Examining the relationship between electricity consumption, economic growth, energy prices and technology development in India. The Indian Economic Journal, 68(4), 515-534.
  • Muhammad, B. (2019). Energy consumption, CO2 emissions and economic growth in developed, emerging and Middle East and North Africa countries. Energy, 179, 232-245.
  • Narayan, P. (2005), The Saving and Investment Nexus for China: Evidence from Cointegration Tests, Applied Economics, 37(17), 1979-1990.
  • Nissan, E., Galindo, M. A., & Méndez, M. T. (2011). Relationship between tourism and economic growth. The Service Industries Journal, 31(10), 1567-1572.
  • Pablo-Romero, M. D. P., Pozo-Barajas, R., & Sánchez-Rivas, J. (2019). Tourism and temperature effects on the electricity consumption of the hospitality sector. Journal of Cleaner Production, 240, 118168.
  • Paramati, S. R., Alam, M. S.,& Chen, C. F. (2017). The effects of tourism on economic growth and CO2 emissions: a comparison between developed and developing economies. J Travel Res 56(6), 712–724.
  • Pata, U. K., & Balsalobre-Lorente, D. (2022). Exploring the impact of tourism and energy consumption on the load capacity factor in Turkey: a novel dynamic ARDL approach. Environmental Science and Pollution Research, 29(9), 13491-13503.
  • Pata, U. K., Kartal, M. T., Erdogan, S., & Sarkodie, S. A. (2023). The role of renewable and nuclear energy R&D expenditures and income on environmental quality in Germany: Scrutinizing the EKC and LCC hypotheses with smooth structural changes. Applied Energy, 342, 121138.
  • Pesaran, M. H., Shin, Y. & Smith, R.J. (2001), Bounds Testing Approaches to the Analysis of Level Relationships, Journal of Applied Econometrics, 16(3), 289-326.
  • Pesaran, M.H. & Pesaran, B. (1997), Working with Microfit 4.0, Oxford: Oxford University Press. Rahman, M. M. (2020). Environmental degradation: The role of electricity consumption, economic growth and globalisation. Journal of environmental management, 253, 109742.
  • Razzaq, A., Fatima, T., & Murshed, M. (2023). Asymmetric effects of tourism development and green innovation on economic growth and carbon emissions in Top 10 GDP Countries. Journal of Environmental Planning and Management, 66(3), 471-500.
  • Shaheen, K., Zaman, K., Batool, R., Khurshid, M. A., Aamir, A., Shoukry, A. M., ... & Gani, S. (2019). Dynamic linkages between tourism, energy, environment, and economic growth: evidence from top 10 tourism-induced countries. Environmental Science and Pollution Research, 26, 31273-31283.
  • Stamatiou, P. (2022). Modeling electricity consumption for growth in an open economy. International Journal of Energy Economics and Policy.
  • Tang, C. F., Tiwari, A. K., & Shahbaz, M. (2016). Dynamic inter-relationships among tourism, economic growth and energy consumption in India. Geosystem engineering, 19(4), 158-169.
  • Turgut, E., Uçan, O., & Başaran, N. (2021). Turizm sektörünün Türkiye ekonomisine etkisi: ARDL sınır testi yaklaşımı. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (45), 144-159.
  • Visas, H., Rehan, R., Ul-Haq, J., Cheema, A. R., Khanum, S., & Hye, Q. M. A. (2023). Does tourism increase energy consumption in BRICS countries?. Journal of Tourism Management Research, 10(1), 94-106.
  • Yorucu, V., & Mehmet, O. (2015). Modeling energy consumption for growth in an open economy: ARDL and causality analysis for Turkey. International Journal of Green Energy, 12(12), 1197-1205.
There are 47 citations in total.

Details

Primary Language English
Subjects Tourism Policy
Journal Section Peer-reviewed Articles
Authors

Cuma Demirtaş 0000-0002-1475-5530

Publication Date January 4, 2024
Submission Date October 27, 2023
Acceptance Date December 6, 2023
Published in Issue Year 2023 Volume: 5 Issue: 2

Cite

APA Demirtaş, C. (2024). Effects of tourism and economic growth on sustainable electricity consumption: Fresh evidence from Türkiye. Journal of Tourism Leisure and Hospitality, 5(2), 135-143. https://doi.org/10.48119/toleho.1382389

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