文献类型：期刊文献

英文题名：Ways to bring private investment to the tourism industry for green growth

作者：Gong, Fengxiao[1];Chen, Hui[2]

机构：[1]Tourism Coll Zhejiang, Publ Educ Dept, Hangzhou, Peoples R China;[2]Shaoxing Univ, Coll Arts & Sci, Shaoxing, Peoples R China

年份：2023

卷号：10

期号：1

外文期刊名：HUMANITIES & SOCIAL SCIENCES COMMUNICATIONS

收录：SSCI(收录号：WOS:001094984900004)、、Scopus(收录号：2-s2.0-85173727384)、WOS、A&HCI(收录号：WOS:001094984900004)

基金：This article is the supported by a project grant from Hangzhou Philosophy and Social Science Planning Project, Zhejiang Province (Grant No. 2022JD44).

语种：英文

外文摘要：Green economic growth is a crucial subject in environmental economics over the last half-century, emphasizing the need for different economic sectors to adapt their activities based on environmental concerns. This research explores the impacts of green growth, inflation rate, economic uncertainty, green finance, and financial development on the composite indicator of sustainable tourism in 10 ASEAN economies from 2000 to 2021, utilizing the PMG (Pooled Mean Group) technique. The findings reveal that, in the short run, financial development and green finance have insignificant coefficients, while green growth exhibits the most substantial positive coefficient. Economic uncertainty and inflation rate negatively affect sustainable tourism. In the long term, green financing has the most profound impact on sustainable tourism development, along with green growth and deepening financial markets, which accelerate sustainable tourism. Conversely, economic uncertainty and inflation rate have adverse effects on the green tourism industry. Primary practical policies to promote sustainable tourism include providing a comprehensive financial policy package, developing ICT-based tourism services, establishing an early warning system, and leveraging blockchain technology and cryptocurrency in green investments, enabling governments and stakeholders to foster sustainable tourism practices and advance environmental sustainability within the ASEAN region.