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Regional Tourism Competition in the Baltic States: a Spatial Stochastic Frontier Approach

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Figure

Figure 1. Geographical and road distances
Table 2. Estimation results of three alternative models: Model NOSPAT (without spatial components), Model DIST (distance contiguity matrix), and Model ROAD (travel time contiguity matrix)
Table 3. Estimates of regions’ efficiency levels
Figure 2 . Map of regions’ efficiency levels (Model ROAD)

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