Effects of tourism and economic growth on sustainable electricity consumption: Fresh evidence from Türkiye
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Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Anadolu University
Access Rights
info:eu-repo/semantics/openAccess
Abstract
This study investigated the impact of tourism and economic growth on electricity consumption in the Turkish economy, which operates under an open system, throughout the time span from 1995 to 2022. The analysis employed the ARDL bounds test method and the wavelet-based Fourier causality test. The empirical evidence demonstrates the presence of a long-term cointegration relationship among economic growth, tourist arrivals, and consumption of electricity. The research findings indicate a positive relationship between economic growth, tourist arrivals, and power consumption. To enhance the robustness of the findings, the series underwent wavelet processing, followed by the application of Fourier causality analysis to these transformed series. Wavelet-based causality analysis reveals that trade openness exerts a significant influence on not only electricity consumption but also on tourism and economic growth. The results additionally indicate that shocks exhibit persistence across all components.
Description
Keywords
Tourism Economy, Growth, Electricity Consumption, ARDL, Wavelet
Journal or Series
Journal of Tourism, Leisure and Hospitality
WoS Q Value
Scopus Q Value
Volume
5
Issue
2
