Table 3.
Econometric Estimates of Tourism Efficiency and Digital Technology Development in 31 provinces of China. *, **, and *** are significant at the significance level of 10, 5, and 1%, respectively. The “t“ statistic is in parentheses.
| Variable | TE | ||
|---|---|---|---|
| OLS | SEM | SLM | |
| DIG |
0.194*** (3.1954) |
0.572* (1.810) |
0.582* (1.771) |
| PGDP |
0.007*** (3.221) |
0.004** (2.232) |
0.006** (2.274) |
| FIR |
0.013 (0.615) |
0.018 (0.816) |
0.014 (0.601) |
| OPEN |
0.087 (1.257) |
0.050 (0.398) |
0.034* (2.127) |
| UR |
0.030** (2.233) |
0.024** (2.521) |
0.035*** (3.618) |
| IND |
0.045 (0.810) |
0.025*** (2.595) |
0.038*** (4.950) |
| W*dep.var. |
0.371*** (4.692) |
||
| spat.aut. |
0.458*** (5.968) |
||
| Log-L | 34.922 | 174.08 | 176.77 |
| R 2 | 0.024 | 0.503 | 0.378 |
| LM-LAG | 18.550*** | ||
| R-LMLAG | 3.820* | ||
| LMERR | 16.296*** | ||
| R-LMERR | 1.026 | ||