Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis

The study examines how progress towards a circular economy (CE), patents related to recycling and secondary raw materials as a proxy for innovation, affect tourism receipts. The study uses Autoregressive Distributed Lag (ARDL) and Error Correction Method (ECM) to analyse time series data from EU cou...

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Detalles Bibliográficos
Autores principales: Erdiaw-Kwasie, Michael Odei, Owusu-Ansah, Kofi Kusi, Abunyewah, Matthew, Alam, Khorshed, Hailemariam, Abebe, Arhin, Patrick, Zander, Kerstin K., Lassa, Jonatan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10688725/
https://www.ncbi.nlm.nih.gov/pubmed/38032922
http://dx.doi.org/10.1371/journal.pone.0288098
Descripción
Sumario:The study examines how progress towards a circular economy (CE), patents related to recycling and secondary raw materials as a proxy for innovation, affect tourism receipts. The study uses Autoregressive Distributed Lag (ARDL) and Error Correction Method (ECM) to analyse time series data from EU countries from 2000 to 2020. Our estimates show that there exist long-run and short-run equilibrium relationships. In sum, evidence shows that promoting circular innovative practices, including recycling and using secondary raw materials in tourist destinations, could improve environmental quality and positively impact tourism receipts. The study concludes with policy and practical suggestions for circular economy innovation towards green tourism, destination management, and sustainable tourism.

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