Table 1.
Descriptive statistics.
| Obs. | Mean | S.D. | Min. | Max. | |
|---|---|---|---|---|---|
| Microeconomic variables | |||||
| ROE | 860 | 0.1894 | 0.9724 | −10.9906 | 5.8409 |
| ROA | 860 | 0.0592 | 0.1441 | −0.5243 | 0.9742 |
| Fixed assets ratio | 860 | 2.9323 | 2.6884 | 0.0099 | 23.1444 |
| Current ratio | 860 | 0.8218 | 2.9767 | 0.0000 | 48.4615 |
| Log total assets | 860 | 4.1030 | 0.5451 | 2.6570 | 5.7889 |
| Debt equity ratio | 860 | 3.1313 | 10.9857 | −42.6934 | 97.1538 |
| Contextual variables | |||||
| GDP pc (eur) | 860 | 34,448.02 | 12,438.94 | 9580.00 | 66,950.00 |
| GDP pc (PPS) | 860 | 31,384.55 | 6000.463 | 18,800.00 | 54,850.00 |
| GDP growth | 860 | 2.5903 | 1.2371 | 1.70 | 8.10 |
| Interest rate | 860 | 0.1158 | 0.6185 | −0.695 | 2.25 |
| Inflation rate | 860 | 2.0219 | 0.6901 | 0.30 | 3.70 |
| Public debt over GDP | 860 | 83.8411 | 27.4141 | 36.00 | 136.40 |
| Tourism intensity | 860 | 5690.334 | 2304.495 | 1370.14 | 13,806.95 |
| ITE over GDP | 860 | 2.7687 | 1.6643 | 1.4186 | 9.5969 |
| Trips | 860 | 7.20e+07 | 6.79e+07 | 3,888,795 | 2.21e+08 |
| Nights | 860 | 3.53e+08 | 2.84e+08 | 1.08e+07 | 9.70e+08 |