Abstract
One of the consequences of globalisation for Turkey, as well as in other emerging countries, has been an increasing trend in health tourism. Households have been considered choice the best option in terms of price and alternative possibilities while they have been solved their health problems. Previous studies have argued that the main drivers of the growth of inbound health tourism to developing countries are lower costs, shorter waiting periods, and better quality of care. This study aimed to test the effect of health and social service sector growth on the flow of inbound health tourism between 2004:Q1 and 2015:Q4 by employing Granger causality and Johansen cointegration approaches. Our findings suggested that there is a long-run Granger causality from domestic health and social work expenditures to health tourism income whereas this is non-existence in the opposite direction.
Highlights
Health tourism has become one of the fastest growing subfields in the tourist sector in recent years
The variables may be stationary after they are converted into the first difference. ∆ln htour, ∆ln hgdp and ∆ln rer show the first difference of the variables and it is found that all of them are stationary on this level, which is called integrated of order one denoted as I(1)
The main result of the paper shows that sectoral growth of health services has encouraged inbound health tourism
Summary
Health tourism has become one of the fastest growing subfields in the tourist sector in recent years. It has enhanced foreign exchange earnings, which has elevated economic opportunities in the destinations. An increasing number of countries have been competing for a greater market share and to encourage inbound tourism by presenting attractive opportunities in their medical services. These destinations have increased their investment in advanced technology and attractive accommodation (Horowitz et al 2007). This author pointed to the increasing trend of health tourism in Asia and the swift uptake in global interest has been emphasised by Henderson (2004), Laing and Weiler (2008), Leng (2010), and NaRanong and NaRanong (2011)
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