The impact of tourism and natural resources on the ecological footprint: a case study of ASEAN countries
2020
Kongbuamai, Nattapan | Bui, Quocviet | Yousaf, Hafiz Muhammad Abaid Ullah | Liu, Yun
This study examines the impacts of economic growth, energy consumption, tourism, and natural resources on the ecological footprint in the ASEAN countries for spanning from 1995 to 2016. For this purpose, the cross-sectional dependent test, the second-generation unit root test, and the Westerlund cointegration test have been applied. The Driscoll-Kraay panel regression model has been used to check the long-run relationship among the series. Also, the Dumitrescu-Hurlin panel causality test is used to determine the paths of causal interactions. These tests help to overcome the problem of cross-sectional dependence in panel data analysis. The results showed an inverted U-shaped EKC behavior in ASEAN countries, hence a negative relation between tourism and natural resources with the ecological footprint. This implies that tourism and natural resources help to improve the environmental quality in ASEAN countries.
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