Dirty Dance: Tourism and Environment
IMF Working Papers, September 9, 2022
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- Dirty Dance: Tourism and Environment
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Bibliographic details
- Authors: Serhan Cevik
- Published: September 9, 2022
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400220272.001
Summary and research scope
- Tourism accounted for about 10 percent of global GDP before the COVID-19 pandemic.
- The study empirically investigates the impact of tourism on CO2 emissions in a relatively homogenous panel of 15 Caribbean countries over the period 1960–2019.
- The paper examines international tourist arrivals' effect on CO2 emissions while controlling for other economic, institutional and social factors.
Key findings
- International tourist arrivals have a statistically and economically significant effect on CO2 emissions.
- Tourism’s environmental impact is especially pronounced in small island countries where the carbon footprint of tourism constitutes a substantial share of carbon dioxide (CO2) emissions.
- Managing tourism sustainably requires addressing tourism-driven environmental degradation and excessive dependency on fossil fuel-based energy consumption.
Policy implications and recommendations
- Implement a comprehensive set of policies and reforms aimed at reducing tourism’s impact on environmental quality.
- Curb excessive dependency on fossil fuel-based energy consumption as part of tourism and environmental policy strategies.
- Integrate economic, institutional and social factors into policy design, given their role as controls in the empirical analysis.
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- Working Paper