Travel Reference
In-Depth Information
TABLE 4
t-test Results for Cluster Membership and Travel & Tourism Regulatory
Framework Variables.
Variable
Cluster
Mean
Std. Dvt.
t
p
Policy rules and regulations
Prevalence of foreign ownership
1
4.15
0.557
-0.868
0.395
2
4.33
0.370
Property rights
1
3.80
0.814
-1.238
0.229
2
4.23
0.827
Business impact of rules on FDI
1
4.38
0.620
1.290
0.211
2
4.05
0.563
Visa requirements
1
26.14
25.461
-3.890
0.001
2
69.22
26.649
Openness of bilateral Air Service agree-
ments
1
7.60
2.131
-2.723
0.013
2
10.67
3.189
Transparency of government policymak-
ing
1
4.20
0.508
0.788
0.439
2
4.04
0.374
Time required to start a business
1
15.07
10.224
-0.542
0.594
2
17.44
10.296
Cost to start a business
1
10.39
12.130
-0.078
0.938
2
10.74
7.140
GATS commitments restrictiveness in-
dex of T&T services
1
64.24
18.906
1.587
0.133
2
51.86
11.988
Environmental Sustainability
Stringency of environmental regulations
1
3.19
0.599
-2.962
0.007
2
4.10
0.874
Enforcement of environmental regula-
tions
1
3.00
0.663
-2.043
0.054
2
3.70
0.968
Sustainability of T&T industry develop-
ment
1
3.87
0.730
0.003
0.998
2
3.87
0.417
Carbon dioxide emissions
1
4.59
4.999
-1.982
0.061
2
8.13
2.299
Particulate matter concentration
1
66.58
36.688
2.593
0.017
2
33.75
10.844
Threatened species
1
5.72
2.030
-0.897
0.380
2
6.65
2.940
Environmental treaty ratification
1
17.35
2.977
-1.839
0.080
2
19.88
3.586
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