ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA

Asif Raihan; Liton Chandra Voumik; Miguel Angel Esquivias; Abdul Rahim Ridzuan; Nora Yusma Mohamed Yusoff; Sahoo Malayaranjan

doi:10.30892/gtg.514spl01-1174

ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA

Asif Raihan
, Liton Chandra Voumik
, Miguel Angel Esquivias^*
, Abdul Rahim Ridzuan
, Nora Yusma Mohamed Yusoff
, Sahoo Malayaranjan

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	1786-1795
Number of pages	10
Journal	Geojournal of Tourism and Geosites
Volume	51
DOIs	https://doi.org/10.30892/gtg.514spl01-1174
State	Published - 2023
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2023 Editura Universitatii din Oradea. All rights reserved.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 12 Responsible Consumption and Production

Keywords

Climate change
Economic growth
Energy use
Financial development
Sustainable tourism
Tourist arrivals

ASJC Scopus subject areas

Geography, Planning and Development
Cultural Studies
Earth and Planetary Sciences (miscellaneous)

Access to Document

10.30892/gtg.514spl01-1174

Cite this

@article{42505e6c124d4c569c7e13446478b239,

title = "ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA",

abstract = "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.",

keywords = "Climate change, Economic growth, Energy use, Financial development, Sustainable tourism, Tourist arrivals",

author = "Asif Raihan and Voumik, \{Liton Chandra\} and Esquivias, \{Miguel Angel\} and Ridzuan, \{Abdul Rahim\} and Yusoff, \{Nora Yusma Mohamed\} and Sahoo Malayaranjan",

year = "2023",

doi = "10.30892/gtg.514spl01-1174",

language = "English",

volume = "51",

pages = "1786--1795",

journal = "Geojournal of Tourism and Geosites",

issn = "2065-0817",

publisher = "Editura Universitatii din Oradea",

}

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

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 - https://www.scopus.com/pages/publications/85182438550

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 -

ENERGY TRAILS OF TOURISM: ANALYZING THE RELATIONSHIP BETWEEN TOURIST ARRIVALS AND ENERGY CONSUMPTION IN MALAYSIA

Abstract

Bibliographical note

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

Fingerprint

Cite this