European Tourism Sector Development in the Context of Energy Uncertainty

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F24%3A43908040" target="_blank" >RIV/60076658:12510/24:43908040 - isvavai.cz</a>

Result on the web

<a href="https://www.econjournals.com/index.php/ijeep/article/view/15653/7779" target="_blank" >https://www.econjournals.com/index.php/ijeep/article/view/15653/7779</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.32479/ijeep.15653" target="_blank" >10.32479/ijeep.15653</a>

Result language

angličtina

Original language name

European Tourism Sector Development in the Context of Energy Uncertainty

Original language description

The research is a novel to study the impact of energy uncertainty on international tourism receipt in 11 European countries namely Belgium, Croatia, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Spain and Sweden due to availability of energy uncertainty index data recently developed by Dang et al. (2023). As econometric tool, we employ a fully modified ordinary least squares (FMOLS) framework and include obtained long-run relations in a panel Vector Error Correction model (VECM). The findings suggest that 1% increase in energy uncertainty leads to 0.08% decrease in international tourism receipt in Europe. Moreover, international tourism receipt reaches the equilibrium with the adjustment speed of 23% annually. Regarding the effect of control variables, economic development has a negative relation whereas CO2 emissions and institutional quality have a positive association with international tourism receipt. As a policy implication, enhancing renewable energy is suggested to cope with energy uncertainty consequences that might affect tourism development.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

International Journal of Energy Economics and Policy

ISSN

2146-4553

e-ISSN

2146-4553

Volume of the periodical

14

Issue of the periodical within the volume

2

Country of publishing house

TR - TURKEY

Number of pages

9

Pages from-to

410-418

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85188277457