The asymmetric relationship between globalization, tourism, CO2 emissions, and economic growth in Turkey: implications for environmental policy making
2020
Uzuner, Gizem | Akadiri, Seyi Saint | Lasisi, Taiwo Temitope
The current study examines the importance of asymmetric modelling of tourism-CO₂ emissions relationship by incorporating real income per capita and the newly developed globalization index in a multivariate time series model between 1970 and 2014 for Turkey. We used a non-linear autoregressive distributed lag model in analyzing the asymmetric cointegration association between the selected variables. Using Hatemi-J (2012) asymmetric causality testing method, we examined the asymmetric causal relationship among the variables. The empirical outcomes provide evidence for the existence of asymmetric long-run cointegration nexus among the variables. Asymmetric causality results show that both the positive and negative shock of tourism influence the CO₂ emissions in the long-term, while in the short-term, only the negative shock of tourism contributes to CO₂ emissions. Also discussed are the policy implications with regard to Turkey’s environmental and economic policies.
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