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

Table 4 Estimated Results of Selected Model

	Selected Log-Linear Model	Minimum SBIC Model
Tourism	0.023400
	(1.1405)
Government Expenditure	0.239760*	0.256613*
	(2.0454)	(2.2069)
Population	0.109877**	0.091558**
	(3.2424)	(2.8534)
θ	0.026027**	0.025977**
	(5.9840)	(5.9788)
Constant	5.48255**	5.51734**
	(4.4867)	(4.5018)
Dummies	Time	Time
R²	0.98049	0.98040
Standard Error	0.050311	0.050311
Log Likelihood	4102.39	4101.89
SBIC_________________	___________-4004.08___________	___________-4007.51____________

Note: t-values are given in brackets.

**= the null hypothesis that this coefficient is zero is rejected at a significance level of 1%.

*= the null hypothesis that this coefficient is zero is rejected at a significance level of 5%.

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