The asymmetric impact of air transport on economic growth in Spain: fresh evidence from the tourism-led growth hypothesis

Authors: Balsalobre-Lorente, D., Driha, O.M., Bekun, F.V. and Adedoyin, F.

http://eprints.bournemouth.ac.uk/33349/

Journal: Current Issues in Tourism

Publisher: Taylor & Francis

ISSN: 1368-3500

The tourism sector has emerged as an essential driver for economic growth strategies during the last decades. An asymmetric long-run effect of air transport on economic growth is validated assuming a process of social globalization in Spain between 1970 and 2015. To achieve the study’s objective, the recent asymmetric autoregressive distributed lag methodology framework advanced by Shin, Yu, and Greenwood-Nimmo (2014) is applied. For determining the causality direction, this methodology is applied in conjunction with the non-parametric causality test proposed by Diks and Panchenko (2006). The current study also accounts for the effects of renewable energy use and urbanization process over economic growth. Empirical results showed that air transport, urbanization process and social globalization exert positive and significant implications over economic growth, while renewable energy use reduces economic growth, as a consequence of an energy mix sustained by fossil sources. Based on these outcomes several policy recommendations were offered in the concluding section.

This data was imported from Scopus:

Authors: Balsalobre-Lorente, D., Driha, O.M., Bekun, F.V. and Adedoyin, F.F.

http://eprints.bournemouth.ac.uk/33349/

Journal: Current Issues in Tourism

ISSN: 1368-3500

DOI: 10.1080/13683500.2020.1720624

© 2020, © 2020 Informa UK Limited, trading as Taylor & Francis Group. The tourism sector has emerged as an essential driver for economic growth strategies during the last decades. An asymmetric long-run effect of air transport on economic growth is validated assuming a process of social globalization in Spain between 1970 and 2015. To achieve the study’s objective, the recent asymmetric autoregressive distributed lag methodology framework advanced by Shin, Yu, and Greenwood-Nimmo (2014) is applied. For determining the causality direction, this methodology is applied in conjunction with the non-parametric causality test proposed by Diks and Panchenko (2006). The current study also accounts for the effects of renewable energy use and urbanization process over economic growth. Empirical results showed that air transport, urbanization process and social globalization exert positive and significant implications over economic growth, while renewable energy use reduces economic growth, as consequence of an energy mix sustained by fossil sources. Based on these outcomes several policy recommendations were offered in the concluding section.

This data was imported from Web of Science (Lite):

Authors: Balsalobre-Lorente, D., Driha, O.M., Bekun, F.V. and Adedoyin, F.F.

http://eprints.bournemouth.ac.uk/33349/

Journal: CURRENT ISSUES IN TOURISM

eISSN: 1747-7603

ISSN: 1368-3500

DOI: 10.1080/13683500.2020.1720624

The data on this page was last updated at 14:40 on July 12, 2020.