Araştırma Makalesi

Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness

Cilt: 25 Sayı: 3 6 Ağustos 2025
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Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness

Öz

This study focuses on the macroeconomic determinants of international health tourism revenues in Turkey from 2003Q1 to 2023Q1 with a nonlinear approach, a Markov Regime Switching model. Empirical findings show that two regimes are identified, and there is a clear-cut transition from the low to the high regime in 2016Q1. Most economic factors are statistically insignificant in the low regime, whereas almost all variables have a statistically significant impact on international health tourism revenues in the high regime. In the high regime, increases in relative prices, real effective exchange rates, and oil prices lead to a decrease in international health tourism revenues, while health sector stock returns positively impact the revenues. As a global factor, the effect of the uncertainty index is statistically insignificant in both regimes. The empirical findings highlight Turkey’s dependence on price competition in the health tourism market and underline the need for sustainable public incentives to enhance the long-term viability of the sector.

Anahtar Kelimeler

Etik Beyan

The study does not require ethics committee approval.

Kaynakça

  1. Agazade, S., and Ergun, A. (2022). Health Tourism Revenues and Real Exchange Rate Relationship in Türkiye. Journal of Quality Assurance in Hospitality & Tourism, (2022), 1-18.
  2. Baharumshah, A. Z., Soon, S. V., and Wohar, M. E. (2017). Markov-Switching Analysis of Exchange Rate Pass-Through: Perspective from Asian Countries. International Review of Economics & Finance, 51, 245-257.
  3. Biri, G. (2021). Türkiye’nin Sağlık Turizmi Gelirini Etkileyen Faktörlerin Eşbütünleşme Analizi. Anadolu University Faculty of Economics and Administrative Sciences Journal, 22(2), 73-82.
  4. Catık, A. N., and Onder, A. Ö. (2011). Inflationary Effects of Oil Prices in Turkey: A Regime-Switching Approach. Emerging Markets Finance and Trade, 47(5), 125-140.
  5. Ceti, B., and Unluonen, K. (2020). Economic Evaluation of Health Tourism in Turkey. Journal of Tourismology, 6(1), 99-109.
  6. Connell, J. (2006). Medical Tourism: Sea, Sun, Sand and… Surgery. Tourism Management, 27(6), 1093.
  7. Global Healthcare Market (2024). https://www.reportlinker.com (Date accessed: 01.09.2024).
  8. Ha, J., Yu, C., and Hwang, Y. (2021). Analyzing the Impact of Relative Push and Pull Factors on Inbound Medical Tourism in South Korea: Focused on BCG Matrix Applied Segment Group Characteristics. Asia Pacific Journal of Tourism Research, 26(7), 768-779.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Mikro İktisat (Diğer)

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

4 Ağustos 2025

Yayımlanma Tarihi

6 Ağustos 2025

Gönderilme Tarihi

13 Kasım 2024

Kabul Tarihi

16 Mayıs 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 25 Sayı: 3

Kaynak Göster

APA
Sinet, U., Akdeniz, C., & Gaberli, Ü. (2025). Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness. Ege Academic Review, 25(3), 567-578. https://doi.org/10.21121/eab.20250307
AMA
1.Sinet U, Akdeniz C, Gaberli Ü. Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness. eab. 2025;25(3):567-578. doi:10.21121/eab.20250307
Chicago
Sinet, Uğur, Coşkun Akdeniz, ve Ümit Gaberli. 2025. “Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness”. Ege Academic Review 25 (3): 567-78. https://doi.org/10.21121/eab.20250307.
EndNote
Sinet U, Akdeniz C, Gaberli Ü (01 Ağustos 2025) Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness. Ege Academic Review 25 3 567–578.
IEEE
[1]U. Sinet, C. Akdeniz, ve Ü. Gaberli, “Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness”, eab, c. 25, sy 3, ss. 567–578, Ağu. 2025, doi: 10.21121/eab.20250307.
ISNAD
Sinet, Uğur - Akdeniz, Coşkun - Gaberli, Ümit. “Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness”. Ege Academic Review 25/3 (01 Ağustos 2025): 567-578. https://doi.org/10.21121/eab.20250307.
JAMA
1.Sinet U, Akdeniz C, Gaberli Ü. Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness. eab. 2025;25:567–578.
MLA
Sinet, Uğur, vd. “Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness”. Ege Academic Review, c. 25, sy 3, Ağustos 2025, ss. 567-78, doi:10.21121/eab.20250307.
Vancouver
1.Uğur Sinet, Coşkun Akdeniz, Ümit Gaberli. Health Tourism Potential of Turkey under the Different Regimes: Macroeconomic Factors Affecting the International Competitiveness. eab. 01 Ağustos 2025;25(3):567-78. doi:10.21121/eab.20250307