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Table 1 Operational Definition of Variables

From: The effect of Hallyu on tourism in Korea

Variables Unit Describe Variables Reference
Inbound Tourism Demand People Number of travelers to Korea from USA, China, Japan and Hong Kong by year The Bank of Korea (2016a, b)
Hallyu (Korean wave) US $ Amount of Hallyu contents exported to USA, China, Japan, Hong Kong (by year) Statistics Korea (2015)
GDP US $ Each country’s (USA, China, Japan, Hong Kong) GDP by year World Bank (2016a, b)
Customer Price Index Num, (2010 = 100) Each country’s (USA, China, Japan, Hong Kong) relative CPI to Korea (by year) World Bank (2016a, b)
Exchange Rate KRW (₩) Korean Won exchange rates for each country (Average rate by year) The Bank of Korea (2016a, b)
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