The asymmetric effect of tourism, financial development, and globalization on ecological footprint in Turkey

Godil, Danish Iqbal; Sharif, Arshian; Rafique, Saima; Kittisak Jermsittiparsert,

The asymmetric effect of tourism, financial development, and globalization on ecological footprint in Turkey

2020

Godil, Danish Iqbal | Sharif, Arshian | Rafique, Saima | Kittisak Jermsittiparsert,

With the growing interest among researchers in analyzing the ecological footprint of any country, this study focuses on new dimensions to analyze the long-run and short-run asymmetric impact of tourism, financial development, and globalization on ecological footprint in Turkey by using Quantile Autoregressive Distributed Lag model for the period from 1986 to 2018. Further, the EKC hypothesis was also tested. The results show that tourism, globalization, and financial development are positively and significantly associated with the EFP. This means that the increase in these variables will further increase the ecological footprint in Turkey. The U-shaped EKC curve was found to be valid in Turkey. The results also depict nonlinear and asymmetric association among most of the variables. Hence, based on the results, further research directions and practical implications can be suggested.

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