Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis
Article
Article Title | Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis |
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ERA Journal ID | 39745 |
Article Category | Article |
Authors | Erdiaw-Kwasie, Michael Odei, Owusu-Ansah, Kofi Kusi, Abunyewah, Matthew, Alam, Khorshed, Hailemariam, Abebe, Arhin, Patrick, Zander, Kerstin K. and Lassa, Jonatan |
Journal Title | PLoS One |
Journal Citation | 18 (11), pp. 1-20 |
Article Number | e0288098 |
Number of Pages | 20 |
Year | 2023 |
Publisher | Public Library of Science (PLoS) |
Place of Publication | United States |
ISSN | 1932-6203 |
Digital Object Identifier (DOI) | https://doi.org/10.1371/journal.pone.0288098 |
Web Address (URL) | https://journals.plos.org/plosone/ |
Abstract | The study examines how progress towards a circular economy (CE), patents related to recycling and secondary raw materials as a proxy for innovation, affect tourism receipts. The study uses Autoregressive Distributed Lag (ARDL) and Error Correction Method (ECM) to analyse time series data from EU countries from 2000 to 2020. Our estimates show that there exist long-run and short-run equilibrium relationships. In sum, evidence shows that promoting circular innovative practices, including recycling and using secondary raw materials in tourist destinations, could improve environmental quality and positively impact tourism receipts. The study concludes with policy and practical suggestions for circular economy innovation towards green tourism, destination management, and sustainable tourism. |
Keywords | Circular economy, environmental quality, Europe, innovation, time series data, tourism receipts |
ANZSRC Field of Research 2020 | 380205. Time-series analysis |
380105. Environment and resource economics | |
410404. Environmental management | |
Byline Affiliations | Charles Darwin University |
University of Wyoming, United States | |
School of Business | |
Curtin University | |
Technical University of Dortmund, Germany |
https://research.usq.edu.au/item/z398x/circular-economy-environmental-quality-and-tourism-receipts-in-europe-a-time-series-data-analysis
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