TY - JOUR
T1 - ENERGY TRAILS OF TOURISM
T2 - ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA
AU - Raihan, Asif
AU - Voumik, Liton Chandra
AU - Esquivias, Miguel Angel
AU - Ridzuan, Abdul Rahim
AU - Yusoff, Nora Yusma Mohamed
AU - Malayaranjan, Sahoo
N1 - Publisher Copyright:
© 2023 Editura Universitatii din Oradea. All rights reserved.
PY - 2023
Y1 - 2023
N2 - This study aims to investigate the long-term relationship between Malaysian tourism, energy consumption, and their association with economic growth, and financial development, using the Autoregressive Distributed Lag (ARDL) method. Utilizing annual data spanning from 1990 to 2020, this research examines how increased international tourist arrivals, economic growth, and financial development contribute to energy consumption in Malaysia. The study's findings reveal that growing tourism escalates energy demands for transportation, accommodation, and leisure activities. Furthermore, economic expansion drives energy usage through business expansion and increased industrial activities. Financial progress facilitates capital accessibility, leading to investments in energy-intensive sectors. In conclusion, to ensure sustainable future energy demand, this study underscores the importance of eco-friendly tourism practices that stimulate economic growth while minimizing emissions. Sustainable economic and financial strategies are also essential.
AB - This study aims to investigate the long-term relationship between Malaysian tourism, energy consumption, and their association with economic growth, and financial development, using the Autoregressive Distributed Lag (ARDL) method. Utilizing annual data spanning from 1990 to 2020, this research examines how increased international tourist arrivals, economic growth, and financial development contribute to energy consumption in Malaysia. The study's findings reveal that growing tourism escalates energy demands for transportation, accommodation, and leisure activities. Furthermore, economic expansion drives energy usage through business expansion and increased industrial activities. Financial progress facilitates capital accessibility, leading to investments in energy-intensive sectors. In conclusion, to ensure sustainable future energy demand, this study underscores the importance of eco-friendly tourism practices that stimulate economic growth while minimizing emissions. Sustainable economic and financial strategies are also essential.
KW - Climate change
KW - Economic growth
KW - Energy use
KW - Financial development
KW - Sustainable tourism
KW - Tourist arrivals
UR - http://www.scopus.com/inward/record.url?scp=85182438550&partnerID=8YFLogxK
U2 - 10.30892/gtg.514spl01-1174
DO - 10.30892/gtg.514spl01-1174
M3 - Article
AN - SCOPUS:85182438550
SN - 2065-0817
VL - 51
SP - 1786
EP - 1795
JO - Geojournal of Tourism and Geosites
JF - Geojournal of Tourism and Geosites
ER -
