Table 1 Operational Definition of Variables
Variables | Unit | Describe Variables | Reference |
|---|---|---|---|
Inbound Tourism Demand | People | Number of travelers to Korea from USA, China, Japan and Hong Kong by year | |
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 | |
Customer Price Index | Num, (2010 = 100) | Each country’s (USA, China, Japan, Hong Kong) relative CPI to Korea (by year) | |
Exchange Rate | KRW (₩) | Korean Won exchange rates for each country (Average rate by year) |