1. Circular economy, environmental quality and tourism receipts in Europe: A time series data analysis.
- Author
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Erdiaw-Kwasie MO, Owusu-Ansah KK, Abunyewah M, Alam K, Hailemariam A, Arhin P, Zander KK, and Lassa J
- Subjects
- Time Factors, Europe, Data Analysis, Carbon Dioxide analysis, Tourism, Economic Development
- Abstract
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., Competing Interests: The authors have declared that no competing interests exist., (Copyright: © 2023 Erdiaw-Kwasie et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
- Published
- 2023
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