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Relationship between health care and tourism sectors to economic growth: the case of Malaysia, Singapore and Thailand


Citation

Cheah, Chan Fatt and Abdul Samad, Abdul Rahim (2018) Relationship between health care and tourism sectors to economic growth: the case of Malaysia, Singapore and Thailand. Pertanika Journal of Social Sciences & Humanities, 26 (2). pp. 1203-1214. ISSN 0128-7702; ESSN: 2231-8534

Abstract

The objective of this study is to examine the relationship between health care and tourism sectors to economic growth in Malaysia, Singapore and Thailand. Panel ARDL test was employed to investigate their long- and short-run relationships by examining annual time series data from 1995-2016. Results show a significant positive short- and long-run relationship between development of healthcare and tourism sectors to economic growth in Malaysia, Singapore and Thailand. As stated in the ASEAN Tourism Strategic Plan 2016-2025, Malaysia, Singapore and Thailand should work together to promote ASEAN as a health tourism destination to the world.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Universiti Putra Malaysia Press
Keywords: Economic growth; Healthcare sector; Tourism; ASEAN
Depositing User: Nabilah Mustapa
Date Deposited: 12 Feb 2019 06:52
Last Modified: 12 Feb 2019 06:52
URI: http://psasir.upm.edu.my/id/eprint/66250
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