Journal
INTERNATIONAL JOURNAL OF TOURISM RESEARCH
Volume 19, Issue 5, Pages 584-593Publisher
WILEY
DOI: 10.1002/jtr.2131
Keywords
cointegration; forecasts; Malaysia; medical tourism demand
Categories
Funding
- Geran Penyelidikan Khas (Top Down), Universiti Malaysia Sarawak [03(TD04)/1054/2013(02)]
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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.
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