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

Table 5 Estimated Results

Random Effects Model

Estimated			Transformed
Tourism Government Expenditure Population Lagged Income / θ Constant	0.000635186 (1.0350) 0.00601940* (2.2165) 0.00288659 (2.4650) 0.973210 (281.103) 0.176233** __________(4.6254)		0.023710 0.224688 0.107749 0.026790 6.578313
Error Components		Time
Hausman’s Specification Test 2 σ		14.519** 0.00306801

ρi

Log Likelihood

SBIC________________

Note: See Note in Table 4.

0.176233

4057.0

-4033.4