Table IV. Summary of results of this... | Emerald Publishing

Table IV.

Summary of results of this study for Mercosur countries and Lorde et al.’s (2015) for Caribbean countries

Variable	International tourism demand Argentina, Brazil, Chile and Uruguay			Total Caribbean (Lorde et al., 2015)
Variable	Total	Intra-bloc flows	Extra-bloc flows	Total Caribbean (Lorde et al., 2015)
Habit persistence	0.67	0.47	0.49	0.61
Per capita GDP of destination countries	Not significant	Not significant	−2.01	0.27
Per capita GDP of origin countries	0.41	Not significant	0.43	0.29
Population of destination countries	Not significant	Not significant	Not significant	−0.41
Population of origin countries	0.37	3.46	Not significant	0.28
Bilateral real exchange rate	0.18	−2.82	−1.30	−0.25
Price of the competing countries	0.11	3.00	−1.53	−0.10
Remoteness indicator of destination countries	−0.99	−1.12	4.23
Remoteness indicator of origin countries	Not significant	0.73	−7.4
Distance	−0.39	−15.5	6.33

Variable	International tourism demandArgentina, Brazil, Chile and Uruguay			Total Caribbean(Lorde et al., 2015)
Variable	Total	Intra-bloc flows	Extra-bloc flows	Total Caribbean(Lorde et al., 2015)
Habit persistence	0.67	0.47	0.49	0.61
Per capita GDP of destination countries	Not significant	Not significant	−2.01	0.27
Per capita GDP of origin countries	0.41	Not significant	0.43	0.29
Population of destination countries	Not significant	Not significant	Not significant	−0.41
Population of origin countries	0.37	3.46	Not significant	0.28
Bilateral real exchange rate	0.18	−2.82	−1.30	−0.25
Price of the competing countries	0.11	3.00	−1.53	−0.10
Remoteness indicator of destination countries	−0.99	−1.12	4.23
Remoteness indicator of origin countries	Not significant	0.73	−7.4
Distance	−0.39	−15.5	6.33

Source:

Lorde et al. (2015)