Modelling the demand for inbound medical tourism: The case of Malaysia

Tang, Chor Foon and Lau, Evan (2017) Modelling the demand for inbound medical tourism: The case of Malaysia. International Journal of Tourism Research, 19 (5). pp. 584-593. ISSN 1099-2340

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Official URL: http://onlinelibrary.wiley.com/doi/10.1002/jtr.213...

Abstract

This paper empirically examines the macroeconomic determinants for medical tourism demand using time series econometrics methodology. We find that income, price, exchange rate, SARS outbreak, safety, medical quality, manpower, and medical facilities are significantly affecting the long-run demand behaviour of medical tourism in Malaysia. In order to attract medical tourists, policymakers in Malaysia should (a) reduce the medical prices, (b) reduce the crime rate and improve safety, and (c) continue the improvement of research, medical quality, manpower, and facilities to support the revolution of inbound medical tourism demand in Malaysia. This is to ensure the Malaysia's sustainable economic development

Item Type: E-Article
Uncontrolled Keywords: cointegration, forecasts, medical tourism demand, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 02 Oct 2017 06:56
Last Modified: 03 Oct 2017 01:02
URI: http://ir.unimas.my/id/eprint/17877

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