Table 1

Variable description

VariableDescription
T&T industry GDP (US$ million)“Travel and Tourism industry direct contribution to GDP, US$ million”
T&T capital investment (% total capital investment)“Travel and Tourism capital investment as a percentage of total capital investment”
T&T government expenditure (% government budget)“Travel and Tourism government expenditure as a percentage of total government budget”
Country brand strategy (0–100)“This indicator evaluates the accuracy of a National Tourism Organization’s (NTO) Country Brand Strategy”
Impact of rules on FDI (1–7)“Response to the survey question: “In your country, how restrictive are rules and regulations on foreign direct investment (FDI)?” [1 = Extremely restrictive; 7 = Not restrictive at all]”
Extent of Staff training (1–7)“Response to the survey question: “In your country, to what extent do companies invest in training and employee development?” [1 = Not at all: 7 = To a great extent]”

Source(s): Authors’ own work

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