Synergies and Conflicts Between International Trade, Tourism, and Climate Change Mitigation in China
Year: 2024
Type: article
Abstract: The study aims to establish the correlation between international trade, the tourist sector, foreign direct investments, GDP growth, and climatic changes in China. The study has conducted an analysis of the data spanning from 1995 to 2023, utilizing FMOLS and DOLS models to investigate the enduring correlation between international trade, foreign direct investment, and climate change. The co-integration analysis indicates a favorable association between international trade, foreign direct investment (FDI), and GDP growth. Nevertheless, the rise in global trade and the expansion of GDP has adverse effects on climate change. The study investigated the significant impact of the tourist sector on climate change, particularly in China, where it has a predominantly negative effect. The Chinese government is under pressure to promote the use of renewable energy sources in order to mitigate the climatic impacts of international trade and foreign direct investment. Additionally, they should enhance their tourist industry regulations to minimize pollution generated by the transportation sector.
Authors: Rana A. Alomari, Li Weijun
Institution: Anhui University of Technology
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: diamond
OpenAlex ID: W4401753650