Impacts of Tourism and Fiscal Expenditure on Remote Islands in Japan: A Panel Data Analysis

Table 2 SBIC for Model Selection

	Linear Model	Log-linear Model
Without Dummies
Lag = 0	19904.5	-3702.85
Lag = 1	19900.7	-3709.04
Lag = 2	19911.0	-3701.22
Lag = 3	19922.3	-3690.84
Lag = 4	19933.2	-3683.38
Lag = 5	19943.8	-3672.27
With Individual Dummy
Lag = 0	20133.3	-3544.78
Lag = 1	20134.3	-3557.78
Lag = 2	20137.2	-3548.42
Lag = 3	20142.5	-3539.28
Lag = 4	20151.2	-3538.62
Lag = 5	20153.7	-3525.31
With Time Dummy
Lag = 0	19581.9	-4004.08
Lag = 1	19587.0	-3998.87
Lag = 2	19592.6	-3991.41
Lag = 3	19602.6	-3980.79
Lag = 4	19613.9	-3969.87
Lag = 5	19624.6	-3959.11
With Individual & Time Dummies
Lag = 0	19801.7	-3830.26
Lag = 1	19812.7	-3819.33
Lag = 2	19808.0	-3824.41
Lag = 3	19811.0	-3824.02
Lag = 4	19819.4	-3824.31
Lag = 5_____________________	19820.3__________	__________-3832.20__________

Note: Minimum SBIC cases are indicated in bold face type in each model.