To balance tourism’s economic benefit and environmental pollution, this paper proposes an analytical approach by using the input–output (IO) model and tourism satellite accounts (TSA). Four steps are taken: (1) the setting of system boundaries according to the combined IO and TSA database; (2) economic benefit estimation for tourism income, sectoral multipliers and inter-sector linkages; (3) environmental pollution estimation of direct and indirect CO2 emissions; and (4) a policy analysis to balance the economic benefit and CO2 emissions (in terms of reducing the CO2 emissions intensity) in tourism-related sectors. In the case of Beijing, some interesting insights can be obtained. Beijing’s tourism sectors experienced a fast economic growth and a clear decrease in CO2 emissions during 2007–2012, with the former having a greater absolute change rate (particularly for the shopping and sightseeing sectors). In all tourism sectors (except for transportation), the indirect CO2 emissions were over three times greater than the direct CO2 emissions. Transportation was a leading contributor to both the economic benefit (representing 91.65% of tourism income in 2012) and to environmental pollution (representing 38.75% of tourism-related CO2 emissions). The detailed findings regarding the industrial and energy structures offer insightful policies for a high-benefit and low-emissions development of tourism.
28 July 2020 in Journal of Systems Science and Information
With the boom of web technology, Internet concerns (IC) have become emerging drivers of crude oil price. This paper makes the first attempt to measure the frequency-varying co-movements between crude oil price and IC in five domains (i.e., fundamentals, supply-demand, crisis, war and weather) by using the frequency causality test method. Based on the monthly Brent spot price and search volumes (SVs) captured by Google Trends from January 2004 to September 2019, new and complementary insights regarding the co-movements between crude oil price and IC are obtained. 1) The co-movements between crude oil price and the IC of supply-demand, war, and weather support a neutral hypothesis at all frequencies due to the characteristics (low value or volatility) of these IC data. 2) There is a unidirectional causal relationship between crude oil price and the IC of fundamentals, running from the latter to the former at low frequencies (long-term). 3) There is a feedback relationship between crude oil price and the IC of crisis, with the IC of crisis driving crude oil price at medium and low frequencies (mid- and long-term) and crude oil price causing the IC of crisis to change permanently. The conclusions of this paper provide important implications for both oil market economists and investors.
1 August 2020 in Journal of Systems Science and Complexity