Independent variables

Dependent variables

COVID cases

COVID deaths

Visitors

COVID cases (−1)

0.09

0.01

−0.04

COVID cases (−2)

1.61*

0.04*

−0.04

COVID deaths (−1)

14

0.86

−1.96

COVID deaths (−2)

108.37*

3.2*

2.31

Visitors (−1)

2.71

0.89

0.05

Visitors (−2)

0.19

0.01

0.13

Constant

3,968,554

105,650

196,478

Expenditure

GDP

−775.39*

−1,268,593

−15.94*

−33,123.2

69.46

−43,863.1

Population

0.02

0.01

0.01*

R-squared = 0.87, F-stat = 3.64