Page 345 - Contributed Paper Session (CPS) - Volume 4
P. 345
CPS2258 Siti Norfadillah Md Saat et al.
healthcare travellers Granger cause real GDP. From this study, Malaysia
government can take measures in enhancing and promoting the healthcare
travel industry of Malaysia. The strong government support and involvement
collaborations between public-private partnerships domestically and abroad
will lead towards strengthening this industry.
In this study, there is only one independent variable examined. For further
research, other variables that can be included are real exchange rate,
investment or the domestic tourism arrival.
References
1. Chan-Fatt Cheah and A. S. Abdul-Rahim, (2018). Relationship between
Health Care and Tourism Sectors to Economic Growth: The Case of
Malaysia, Singapore and Thailand, Pertanika J. Soc. Sci. & Hum. 26 (2),
1203-1214.
2. Chor Foon Tang, (2015). Medical Tourism and Its Implication on
Malaysia's Economic Growth. MPRA Paper No. 63365, 3-7.
3. Granger C. W. J., (1969). Investigating Causal Relations by Econometric
Models and Cross-spectral Methods, Econometrica. Vol. 37, No. 424-
438.
4. Harun Ucak, (2016). The Relationship between the growth in the health
sector and inbound health tourism: the case of Turkey. Springer Plus, Pg.
4-8.
5. I Aniza , M Aidalina, R Nirmalini, MCH Inggit, TE Ajeng, (2009). Health
Tourism in Malaysia: The Strength and Weaknesses. Jurnal of
Community Health 2009, Vol. 15 Number 1.
6. Markéta Arltová and Darina Fedorová, (2016). Selection of Unit Root Test
on the Basis of Length of the Time Series and Value of AR(1) Parameter.
Pg. 48.
7. Osaro Aigbogun, Sadoun Naser Yassin, Zeeshan Shoukat, (2013). A
Model for Accelerating the Growth of Health Care Tourism in Malaysia.
Journal of Business and Economics, ISSN 2155-7950. Vol. 4, No. 2, 169-
179.
8. Wang Liangju, Zhang Huihui and Li Wanlian, (2012). Analysis of Causality
between Tourism and Economic Growth Based on Computational
Econometrics. Journal of Computers, Vol. 7, No. 9, 2155-2158.
9. Zahra Pourkhaghan, (2013). Interaction of Economic Indicators and
Medical Tourism Industry. International Journal of Travel Medicine &
Global Health. Vol. 1, Issue 3, 134-138.
10. Zion Market Research, (2018, June 22), Global Medical Tourism Market
Set for Rapid Growth, to reach Value around USD 28.0 Billion by 2024.
Retrieved February 4, 2019 from
https://www.zionmarketresearch.com/news/medical-tourism-market
334 | I S I W S C 2 0 1 9