Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297544 
Year of Publication: 
2020
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2300-8814 [Volume:] 14 [Issue:] 4 [Year:] 2020 [Pages:] 490-500
Publisher: 
University of Finance and Management in Warsaw, Faculty of Management and Finance, Warsaw
Abstract: 
The tourism industry is one of the most rapidly developing industries in the world and tourism in the Southeast Asian region has been developing in the past few years. The present study focuses on the data from the ASEAN region to study the association among the variables; inbound tourists, outbound tourists, tourism growth and ecological footprint. The period between 1995-2019 was the subject of study. The data for these indicators was extracted from the WDI. The econometric tools of heteroskedasticity, autocorrelation, unit root, cross-sectional dependence were applied in order to evaluate different dimensions of the data. In the estimation of regressors the panel corrected standard error and the one step system of generalized method of moments were used. The results of the estimations reveal that the effects of the regressors were significant. However, inbound tourism and tourism growth showed negative associations with the ecological footprints of the study units. The past and present studies show that the increase in the tourist activities decrease the ecological footprint and thereby increase the environmental quality of the economies. The present study isoriginal and poses major contributions to the academic literature and also has policy making implications.
Subjects: 
Ecological footprint
outbound tourism
inbound tourism
GMM
JEL: 
Z32
Q56
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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