Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses...

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Bibliographic Details
Published in:Sustainability 2020-10, Vol.12 (20), p.8341
Main Authors: Murshed, Muntasir, Mahmood, Haider, Alkhateeb, Tarek Tawfik Yousef, Banerjee, Suvajit
Format: Article
Language:English
Subjects:
Energy consumption
Energy policy
Heterogeneity
Integration
Per capita
Regional development
Renewable resources
Sustainability
Tourism
Trade
Trends
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Summary:This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses, accounting for cross-sectional dependency and slope heterogeneity issues, showed that higher degrees of intra-regional trade between the South Asian economies exert positive impacts on the IITD in South Asia. Similarly, undergoing a RET was found to stimulate the IITD further. Besides, the joint favorable impacts of regional trade integration and RET on South Asia’s IITD were also ascertained. Therefore, these findings impose key policy implications concerning the pertinence of strengthening regional trade cooperation between the South Asian neighbors and boosting renewable energy consumption for enhancing the IITD further.
ISSN:2071-1050
2071-1050
DOI:10.3390/su12208341