CO2 Emission, Energy Consumption, Economic Growth and Tourism for Turkey: Evidence from a Cointegration Test with a Structural Break
Journal Title: International Journal Of Management And Economics Invention - Year 2016, Vol 2, Issue 12
Abstract
In this study, two different models were employed by using the data for the period of 1963-2011 in Turkey. In the first model, the effect of CO2 emission, economic growth, and international tourism on energy consumption was investigated in Turkey. In the second model, the effect of energy consumption, economic growth, and international tourism on CO2 emission was studied. For this purpose, the stationarity of the series was analyzed by using traditional unit root tests (ADF and PP unit root tests) and unit root tests with structural breaks (Zivot and Andrews (1992), Lumsdaine and Papell (1997), Lee and Strazicich (2003, 2004) and Kapetanios(2005)). Since the series contained unit root at the level and were stationary at the first difference, the process continued with cointegration analysis. The results of the cointegration test developed by Maki (2012), which allows for 5 breaks, showed the presence of a cointegration relationship in both analyses. In the last section of the study, cointegration coefficient estimator DOLS was used. The findings show that an increase in international tourist arrivals decreases energy consumption and CO2 emission. For this reason, it is necessary for policymakers to develop policies that focus on tourism to decrease environmental pollution
Authors and Affiliations
Dr. Tuba Baskonus Direkci
Keywords
Related Articles
- EP ID EP211589
- DOI -
- Views 95
- Downloads 0
Corruption As A Major Challenge Of Human Capital Development In Nigeria
The study focused on corruption as a major challenge in the attainment of human capital development in Nigeria. The study basically used descriptive approach. Data used for the study were secondary data generated from Na...
Accessing Oil Price Shocks AndExchange Rate Volatility in Nigeria
The recent fall in the price of crude oil in the international market is sending economic and political shocks around the world. The hardest hit has been countries like Nigeria whose economies depend largely on oil for a...
Dialectical Idea About The Onset Of Management Information System Between Ancient And Modern
Opinions varied about the first beginnings of the emergence of the idea of management information system and with the multiplicity they all moved away from the truth in determining these beginnings in revenue convincing...
Benefits And Constraints Of Using Mobile Banking In Microfinance In Developing Countries
A large number of populations in developing countries do not have access to formal financial services. Recent innovation in providing financial services in a convenient and efficient way is the use of mobile banking tech...
CEO Pay and Company Performance in the Food and Tobacco Industry
Chief executive officers for companies in competitive industries are motivated to maximize shareholder wealth and not shirk job responsibility since lack of effort could result in firm bankruptcy or a takeover from a com...