Descriptive statistics of the variables
| Variable | Mean (Std. Dev.) |
|---|---|
| Travel and Tourism's total contribution to GDP US$ in real prices | 41.613 (40.261) |
| Policy and enabling condition subindex measure specific policies in the tourism industry (1 = low, 7 = best) | 0.512 (1.451) |
| Enabling environment subindex focus on the general situations necessary for tourism operations (1 = low, 7 = best) | 0.605 (1.711) |
| Government prioritization assesses the degree to which governments promote the tourism sector (1 = low, 7 = best) | 0.576 (1.640) |
| Human resource assesses the availability of quality and efficiency of human resources allocation (1 = low, 7 = best) | 0.552 (1.564) |
| Tourism ICT readiness measures ICT infrastructure development (1 = low, 7 = best) | 0.613 (1.736) |
| Infrastructure subindex describes the quality and availability of physical infrastructure (1 = low, 7 = best) | 0.558 (1.585) |
| Air transport infrastructure measures the extent country provides adequate air connectivity to travellers (1 = low, 7 = best) | 0.451 (1.312) |
| Country dummies | 3.5 (1.713) |
| Variable | Mean (Std. Dev.) |
|---|---|
| Travel and Tourism's total contribution to GDP US$ in real prices | 41.613 (40.261) |
| Policy and enabling condition subindex measure specific policies in the tourism industry (1 = low, 7 = best) | 0.512 (1.451) |
| Enabling environment subindex focus on the general situations necessary for tourism operations (1 = low, 7 = best) | 0.605 (1.711) |
| Government prioritization assesses the degree to which governments promote the tourism sector (1 = low, 7 = best) | 0.576 (1.640) |
| Human resource assesses the availability of quality and efficiency of human resources allocation (1 = low, 7 = best) | 0.552 (1.564) |
| Tourism ICT readiness measures ICT infrastructure development (1 = low, 7 = best) | 0.613 (1.736) |
| Infrastructure subindex describes the quality and availability of physical infrastructure (1 = low, 7 = best) | 0.558 (1.585) |
| Air transport infrastructure measures the extent country provides adequate air connectivity to travellers (1 = low, 7 = best) | 0.451 (1.312) |
| Country dummies | 3.5 (1.713) |
Note(s): Data source: open trade and competitiveness data (https://tcdata360.worldbank.org/topics)
Source(s): Authors' estimation
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