Modelling the demand for inbound medical tourism: The case of  M alaysia | Zendy

Tang Chor Foon | Zendy; Lau Evan | Zendy

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Modelling the demand for inbound medical tourism: The case of M alaysia

Author(s) -

Tang Chor Foon,

Lau Evan

Publication year - 2017

Publication title -

international journal of tourism research

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.155

H-Index - 58

eISSN - 1522-1970

pISSN - 1099-2340

DOI - 10.1002/jtr.2131

Subject(s) - medical tourism , tourism , order (exchange) , business , quality (philosophy) , exchange rate , supply and demand , marketing , economics , finance , geography , microeconomics , philosophy , archaeology , epistemology

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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