Tourism, Energy Consumption and Climate Change in OECD Countries

Authors

  • Aviral Kumar Tiwari ICFAI University Tripura
  • Ilhan Ozturk Cag University
  • M. Aruna

Abstract

The study analyzed dynamics of the relationship between tourism, energy consumption, and climate change for 25 OECD countries during 1995-2005. For the analysis, Panel VAR (PVAR) model was used. Results of panel unit root-tests show that tourism is nonstationary in the level form but stationary in first difference form and energy consumption and climate change are stationary variables in the level form. Analysis of bivariate model shows that results are sensitive with change in the measurement of the tourism variable, change in order of variable and inclusion of the third variable. However, results of our trivariate model are found to be insensitive with either the change in the measurement of our tourism variable or change in the ordering of the variables. Our results of IRFs shows that response of tourism in one SD shock in climate change and energy consumption and response of climate change emissions to tourism is marginally positive. Further, we find that response of climate change in one SD shock in energy consumption and response of energy consumption in one SD shock in tourism and climate change is zero. Keywords: Tourism; energy consumption; climate change; OECD countries; panel VAR JEL Classifications: L83; O13; Q4; Q5

Downloads

Download data is not yet available.

Downloads

Published

2013-06-16

How to Cite

Tiwari, A. K., Ozturk, I., & Aruna, M. (2013). Tourism, Energy Consumption and Climate Change in OECD Countries. International Journal of Energy Economics and Policy, 3(3), 247–261. Retrieved from https://econjournals.com./index.php/ijeep/article/view/514

Issue

Vol. 3 No. 3 (2013)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.