Authors
Eyup Dogan, Alper Aslan
Publication date
2017/9/1
Source
Renewable and Sustainable Energy Reviews
Volume
77
Pages
239-245
Publisher
Pergamon
Description
A major criticism to the existing energy-growth-environment literature, we notice, is the selection of methodology. Panel estimation techniques that fail to consider both heterogeneity and cross-sectional dependence across countries may cause forecasting errors. The other concern related to the literature is that only a small number of studies analyze the influence of tourism on CO2 emissions even though tourism sector has potential for affecting the environment. To fulfill the mentioned gaps in the literature, this study analyzes the relationship among carbon emissions, real income, energy consumption and tourism for a panel of the EU and candidate countries over the period 1995–2011 by using heterogeneous panel estimation techniques with cross-sectional dependence. Results from the CADF and the CIPS panel unit root tests show that the analyzed variables become stationary at their first-differences. The LM …
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