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The Impact of Tourism and Financial Development on Energy Consumption and Carbon Dioxide Emission: Evidence from Post-communist Countries

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Abstract

The purpose of this study is to investigate the causal relationship among energy consumption, carbon emission, financial development, and tourism using a sample of 12 post-communist countries in the period between 1995 and 2014. The results of Pedroni and Kao tests show the cointegration among observed variables. The Granger non-causality test demonstrates that there is bi-directional causality in financial development–tourism and energy–emission nexuses. The one-way causality is identified in cases of tourism–energy, tourism–CO2, finance–energy, and finance–CO2.

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  1. https://www.un.org/en/climatechange/science/key-findings

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Authors and Affiliations

  1. ERGO Analytics, Tashkent, Uzbekistan

    Arletta Isaeva & Anastas Khachaturov

  2. Tashkent State University Of Economics, Tashkent, Uzbekistan

    Raufhon Salahodjaev

  3. ERGO Analytics, Tashkent, Uzbekistan

    Shakhnoza Tosheva

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  1. Arletta Isaeva
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  2. Raufhon Salahodjaev
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  3. Anastas Khachaturov
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  4. Shakhnoza Tosheva
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Correspondence to Raufhon Salahodjaev.

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Isaeva, A., Salahodjaev, R., Khachaturov, A. et al. The Impact of Tourism and Financial Development on Energy Consumption and Carbon Dioxide Emission: Evidence from Post-communist Countries. J Knowl Econ 13, 773–786 (2022). https://doi.org/10.1007/s13132-021-00732-x

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  • DOI: https://doi.org/10.1007/s13132-021-00732-x

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