The Effect of Tourism, Economic Growth and Environment in Developing Countries

Abstract

The basic purpose of this study is to identify a link concerning tourism, pecuniary expansion, and environmental protection in developing countries. The current research looks at the overall state of emerging economies as well as income comparisons. The study employs the 3sls model. Tourism benefits from economic growth as well. Tourism is attracted by economic prosperity, and tourism will increase tourism. According to the findings, economic growth has a negative impact on the environment, and the environment has an adverse effect on economic growth. As income activity accelerates, so will environmental emissions, and environmental emissions have a detrimental impact on economic growth? Further findings imply that tourism has a favorable impact on the environment, with an increase in tourism causing a depreciation of the ecosystem. Environmental pollution has a favorable effect on tourism, as the majority of people travel to other countries for business and religious reasons. This can be found in all models. The exchange rate has a negative influence on the overall and high-income groups, but a favorable effect in the reduced groups. In all models, the other variable, political instability, has a negative effect on tourism, while trade has a favorable effect. GDP is boosted by the literacy rate and gross capital formation Population increase, urbanization, and energy use all have a favorable impact on environmental emissions, according to the study. According to the findings, host nations should not only encourage tourism, but also guarantee that the environment is not harmed, therefore ecofriendly must be pushed to maintain a seamless and sustainable development process.