Table 8 Baseline regression.

From: Exploring the nexus between economic growth and tourism demand: the role of sustainable development goals

Variables

OLS

FE

RE

FGLS

IV-GMM

EG

0.760***

(10.03)

0.815***

(9.99)

0.789***

(10.35)

0.760***

(10.08)

0.771***

(8.88)

SDG

2.501***

(3.20)

3.770***

(5.35)

3.890***

(5.76)

2.501***

(3.22)

2.598***

(3.12)

REC

0.096**

(2.36)

−0.019

(−0.79)

−0.012

(−0.51)

0.096**

(2.37)

0.110**

(2.17)

FIN

−0.129***

(−4.35)

−0.014

(−0.43)

−0.020

(−0.62)

−0.129***

(−4.37)

−0.132***

(−7.80)

EE

0.489**

(2.24)

0.276***

(2.75)

0.284***

(2.85)

0.489**

(2.25)

0.562**

(2.28)

KP LM (Stat)

   

143.352

KP LM (p-value)

   

0.000

KP Wald F

   

833.988

  1. Note: ***, ** represents 1%, 5% level of significant.
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