Citation

Musah, Mohammed and Mensah, Isaac Adjei and Ankrah, Isaac and Prempeh, Kwadwo Boateng and Gyamfi, Bright Akwasi (2025) Tourism as a Catalyst for Sustainability in Japan: Leveraging Governance Effectiveness and Financialisation to Drive a Transformational Change. Sustainable Development. ISSN 0968-0802

Text Tourism as a Catalyst for Sustainability in Japan_ Leveraging Governance Effectiveness and Financialisation to Drive a Transformational Change - Musah - Sustainable Development - Wiley Online Library.pdf - Published Version Restricted to Repository staff only Download (688kB)

Abstract

While tourism contributes significantly to economic growth, its environmental impacts remain concerning, particularly under varying governance and financialisation conditions. This study uses Kernel regularised least squares (KRLS)machine learning approach to investigate these relationships in Japan (1996–2020). Results indicate tourism negatively affects environmental quality by reducing the load capacity factor, while government effectiveness and financialisation independently enhance sustainability. Financialisation positively moderates the tourism-environment relationship, whereas improved governance unexpectedly intensifies tourism's negative environmental impact. These findings highlight the importance of aligning tourism policies with financial mechanisms and calibrated governance frameworks to improve environmental outcomes.

Item Type:	Article
Uncontrolled Keywords:	Tourism
Subjects:	Z Bibliography. Library Science. Information Resources > ZA3038-5190 Information resources (General)
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	07 Jan 2026 03:39
Last Modified:	07 Jan 2026 03:39
URII:	http://shdl.mmu.edu.my/id/eprint/15172

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