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


15



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