AN EMPIRICAL ANALYSIS OF THE CO2 EMISSIONS IMPACT: EVIDENCE FROM ROMANIAN TOURISM SECTOR

This paper investigates the impact of changes of the final demand in tourism sector upon the carbon dioxide (CO2) emissions, using the environmental input-output (IO) approach. The IO framework is used to reveal the changes in CO2 emissions as a result of changes in CO2 intensity of various economic sectors. The empirical analysis is developed for Romania, using economic and environmental data for two distinctive years - 2000 and 2006 respectively. Our results indicate that tourism sector generates medium-low emission multipliers, and the shocks in tourism final demand reveal that the environmental burdens transmitted throughout the economy are lower than the initial percentage change of 1%, 5% and 10% respectively. The second finding of the paper concerns the decrease in CO2 emissions as a result of changes in CO2 intensity in various productive sectors.