Economic Growth and Tourism Development in the Context of Environmental Sustainability Measures: A Fixed-Effect Panel Threshold Model

The description of the variables included in the data set are explained at below: 1. The dataset covers 106 countries and the period between 2009 and 2020. 2. Economic growth: The four-year average growth rate of real GDP per capita (constant 2015 $) Source: The World Development Indicators 3. The Environmental Performance Index : The four-year average EPI index Source: Socioeconomic Data and Application Center (SEDAC) 4. Gross fixed capital formation : The four-year average gross fixed capital formation (% GDP) Source: The World Development Indicators 5. Tourism development: The four-year average of number of international tourist arrivals per active population (15+) Source: The World Development Indicators 6. Initial real GDP per capita: Natural Logarithmic form of the real GDP per capita at the beginning of each period (constant 2015 $) Source: The World Development Indicators 7. Fertility: Logarithmic form of total births per woman at the beginning of each period Source: The World Development Indicators 8. Life Expectancy: Initial logarithmic form of life expectancy at birth. Source: Human Development Reports (UNDP) 9. Government Expenditures : The average proportion of general government final consumption expenditure (% GDP )Source: The World Development Indicators 10. Trade Openness: Average sum of exports and imports (% GDP) Source: The World Development Indicators 11. Inflation : The average annual percentage change in the consumer price index during each period Source: The World Development Indicators 12. Mean Years of Schooling: The four-year average number of years of education received by people ages 25 and older Source: Human Development Reports (UNDP)