| Literature DB >> 36247157 |
Zhimin Zhou1, Shafaqat Mehmood1, Ather Azim Khan2, Zahid Ahmad3, Salman Khan1.
Abstract
Environmental sustainability is essential in tourism literature, and sun-and-beach tourism (SBT) is one of the most popular subsections of the tourism field. The appropriate policies and strategies during the COVID-19 pandemic to revive SBT growth through the lens of the regulatory dimension (RED) and risk dimension (RID) of environmental sustainability are gaining timely ground to conduct this research. The current study examined the nexus between SBT, RED, and RID utilizing three novel indexes (i.e., weighted sun-and-beach tourism index, weighted regulatory dimension index, and weighted risk dimension index) by employing the principal component analysis within the framework of six stages of empirical estimation strategy. These three novel indexes combine the most commonly used SBT, RED, and RID indicators. This research tested the CSD and homogeneous, then employed the second generation CIPS-CADF panel unit root test, used an AMG estimator, and employed the panel Toda-Yamamoto (PTY) causality test. The findings revealed that the RED positively influences SBT while the RID mitigates SBT. Results also indicate bidirectional causality between SBT, RID, and RED. In other words, changes in RID and RED have predictive power for the SBT, which further highlights the role of SBT on the RID and RED. Therefore, concerned authorities can focus on environmental sustainability design initiatives and appropriate policy/strategy implications to boost SBT.Entities:
Keywords: Environmental sustainability; Panel data analysis; Regulatory dimension; Risk dimension; Sun-and-beach tourism
Year: 2022 PMID: 36247157 PMCID: PMC9562339 DOI: 10.1016/j.heliyon.2022.e10893
Source DB: PubMed Journal: Heliyon ISSN: 2405-8440
Variables and sources.
| Variables | Symbol | Unit of measurement | Data sources |
|---|---|---|---|
| sun-and-beach tourism | |||
| Inbound arrivals | IA | number of arrivals | |
| international tourism receipts | ITR | Current US$ | |
| International tourism expenditures | ITE | Current US$ | |
| Risk dimension | |||
| Electricity production | EP | % of total | |
| CO2 emissions | CO2 | Metric tons per capita | |
| Terrestrial protected areas | TPA | % of total land area | |
| Regulatory dimension | |||
| Stringency of environmental regulation | SER | scale | |
| Environmental regulation enforcement | ERE | scale | |
| Quality of the natural Environment | QNE | Number of World Heritage natural sites | |
Note: We re-scaled the different measures into a similar unit system (see section 2.1).
Statistical summary of re-scaling the indicators to calculate SBT, RED, and RID.
| Indicators | 2005 Average | 2020 Average | Mean Diff. | Mean Diff. 95% CI | |||
|---|---|---|---|---|---|---|---|
| Mean | Std. Dev. | Mean | Std. Dev. | Min. | Max. | ||
| IA | 35.362 | 9.505 | 44.892 | 11.983 | 9.53 | 3.864 | 14.559 |
| ITR | 1881.1 | 484.917 | 1790.854 | 496.731 | -90.246 | -158.904 | 13.46 |
| ITE | 5.981 | 0.98 | 9.071 | 1.723 | 3.09 | 0.865 | 3.531 |
| SER | 4.871 | 0.084 | 4.905 | 0.089 | 0.034 | 0.152 | 0.37 |
| ERE | 4.207 | 0.099 | 4.932 | 0.097 | 0.725 | -0.031 | 0.252 |
| QNE | 4.991 | 0.087 | 4.013 | 0.091 | -0.978 | -0.301 | 0.004 |
| CO2 | 6.155 | 0.744 | 4.971 | 0.492 | -1.184 | -0.601 | -0.041 |
| TPA | 14.023 | 0.965 | 16.81 | 0.994 | 2.787 | 1.821 | 4.952 |
| EP | 5.106 | 0.396 | 5.998 | 0.521 | 0.892 | 0.089 | 0.845 |
Note: A bootstrap method for estimation, as argued by Zaman et al. (2016), there is a high chance of multicollinearity during the regression model in response to the contemporary use of these variables because these variables highly correlated with each other (normality assumption was not met).
Figure 1An overview of the preparation of the variables.
PCA results: WSBTI, WRIDI, and WREDI.
| WI | EV | PE1stPC | FL1stPC | CWWI | ||||
|---|---|---|---|---|---|---|---|---|
| WSBTI | 2.951 | 0.984 | IA | ITR | ITE | IA | ITR | ITE |
| 0.573 | 0.58 | 0.573 | 0.956 | 0.957 | 0.982 | |||
| WRIDI | 2.763 | 0.942 | EP | CO2 | TPA | EP | CO2 | TPA |
| 0.592 | 0.581 | 0.573 | 0.879 | 0.782 | 0.935 | |||
| WREDI | 2.864 | 0.963 | SER | ERE | QNE | SER | STTID | ERE |
| 0.581 | 0.592 | 0.571 | 0.841 | 0.932 | 0.954 | |||
Note: This table depicts the overall results of principal component analysis (PCA). WI, AVI, PE1stPC, FL1stPC, and CWWI denote average values of indicators, Eigenvalue, proportion explained by first principal component, factor loading of first principal component, and correlation with weighted index, respectively. WSBTI, WRIDI, and WREDI denote the weighted sun-and-beach tourism index, risk dimension index, and regulatory dimension index. AI, ITR, ITE, EP, CO2, TPA, SER, ERE, and QNE denote inbound arrivals, international tourism receipts, international tourism expenditures, electricity production, CO2 emissions, terrestrial protected areas, the stringency of environmental regulation, environmental regulation enforcement, and quality of the natural environment, respectively.
Figure 2Six stages of empirical estimation strategy.
Results of CSD and homogeneity.
| Breusch-Pagan LM | Pesaran scaled LM | Pesaran CD | |
|---|---|---|---|
| lnSBT | 215.4739∗∗∗ | 14.25178∗∗∗ | 4.350608∗∗∗ |
| lnRED | 324.9354∗∗∗ | 24.68852∗∗∗ | 1.028383 |
| lnRID | 388.0202∗∗∗ | 30.70343∗∗∗ | 11.2113∗∗∗ |
| ( | |||
| Slope Homogeneity | Test Statistics | p-value | |
| 4.323∗∗∗ | 0.000 | ||
| 5.295∗∗∗∗ | 0.000 | ||
Note: ∗ indicate significance at 1% level.
CIPS panel unit root test results.
| Variables | Level | First Difference |
|---|---|---|
| lnRID | 1.70944 | 4.15808∗ |
| lnRED | 1.72178 | 3.91255∗ |
| lnSBT | 1.89406 | 3.85441∗ |
Note: ∗ denote the rejection of the null of unit root at 1% level. The critical value of the CIPS at the 1% level is -2.63.
Results of LM bootstrap panel cointegration.
| Tests | Coefficient | p-value |
|---|---|---|
| Constant | -0.8448 | 0.1991 |
| Constant and Trend | 1.1914 | 0.1167 |
The AMG estimation.
| Tests | Coefficient | Standard Error | p-value |
|---|---|---|---|
| lnRED | 0.5221881∗ (3.31) | 0.157862 | 0.001 |
| lnRID | -0.7559881∗∗ (2.19) | 0.345793 | 0.029 |
| Constant | 4.000358∗ (3.53) | 1.131855 | 0.000 |
Note. ∗ and ∗∗ indicate significance at 1% and 5% levels, respectively.
Results of PTY bootstrap causality test.
| Variables | statistic | p-value |
|---|---|---|
| lnRID → lnSBT | 25.32879∗ | 0.0014 |
| lnRED → lnSBT | 61.69646∗ | 0.0000 |
| lnSBT → lnRID | 19.32898∗∗ | 0.0132 |
| lnSBT → lnRED | 14.44016∗∗∗ | 0.0710 |
Note: ∗, ∗∗ and ∗∗∗ indicate significance at 1%, 5% and 10% levels, respectively.