Carbon Tax Shocks Threaten Tourism Sectors, Undermine Sustainable Development
The article examines how a carbon tax affects the tourism industry under economic uncertainty. By using a complex model, the researchers found that different tourism sectors respond differently to changes in productivity, technology, and carbon tax. The tax can reduce the positive impacts of these changes while worsening the negative effects. The study also includes environmental quality and energy consumption in its analysis, improving our understanding of how tourism sectors interact with the economy. Overall, the findings suggest that carbon taxes can have varied and lasting effects on different parts of the tourism industry.