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Title Cointegration between Economic, Ecological and Tourism Development
Authors Pimonenko, Tetiana Volodymyrivna  
Liulov, Oleksii Valentynovych  
Us, Yana Oleksandrivna  
ORCID http://orcid.org/0000-0001-6442-3684
http://orcid.org/0000-0002-4865-7306
http://orcid.org/0000-0003-1451-0450
Keywords tourist
tourism
sustainable development
economic growth
green economy
Type Article
Date of Issue 2021
URI https://essuir.sumdu.edu.ua/handle/123456789/87577
Publisher Center for International Scientific Research
License Creative Commons Attribution - NonCommercial - NoDerivatives 4.0 International
Citation Pimonenko, T., Lyulyov, O., Us, Y. (2021). Cointegration between Economic, Ecological and Tourism Development. Journal of Tourism and Services, 23(12), 169-180. doi: 10.29036/jots.v12i23.293
Abstract The well-developed countries have more options to attract tourists and generate profit from the tourism development. At the same time, the high volume of CO2 emissions, ecological risks, polluted nature restrict the tourism development in the country. The reorientation of global development to green growth provokes transformations in all policies of the country’sdevelopment. It allows green countries to attract more tourists. In this case, the paper aims to analyze the relationships between economic growth, ecological indicators, and tourism development. Ukraine has chosen the EU vector of development. In this case, it is necessary to identify the targets for synchronizing the Ukrainian policies (economic, ecological, social, tourism, etc.) with the EU. The objects of the investigation were Ukraine and Visegradcountries for 2000-2020 years. The panel data was generated from World Data Bank, Eurostat, European Environmental Agency,and Ukrstat. The dependent variable –GDP (as an indicator of economic growth), independent –greenhouse gas emissions and share of renewable energy in the total energy consumption (ecological indicators), the volume of tourists (indicators of tourism development). At the first stage, the study used bibliometric analysis to identify publication activities’general tendency on the analyzed issues. The following methods were applied to check the hypothesis on cointegration between variables: panel unit root test, Pedroni panel cointegration tests, and the fully modified ordinary least squares and dynamic ordinary least squares panel cointegration techniques.The findings confirmed the relationships between economic, ecological,and tourism development. Thus, the decline of greenhouse gas emissions leads to increasing tourists, and as a consequence, it provokes GDP growth.
Appears in Collections: Наукові видання (ННІ БіЕМ)

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