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Investigating the Demand of Asian Countries on Malaysian Public Universities: An Application of Panel Generalised Methods of Moments (GMM) Estimation

In: Corporate Management Ecosystem in Emerging Economies

Author

Listed:
  • Fadli Fizari Abu Hassan Asari

    (Faculty of Business and Management, Universiti Teknologi MARA Perlis Branch)

  • Suriyani Muhamad

    (Faculty of Business, Economics and Social Development, Universiti Malaysia Terengganu)

  • Mahyudin Ahmad

    (Faculty of Business and Management, Universiti Teknologi MARA Perlis Branch)

  • Jumadil Saputra

    (Faculty of Business, Economics and Social Development, Universiti Malaysia Terengganu)

  • Salwani Affandi

    (Faculty of Business and Management, Universiti Teknologi MARA Terengganu Branch)

Abstract

Most studies examining the demand and market size of international students in Malaysia are micro in nature. Therefore, this study was conducted to explore the macro factors that influence international enrolments in Malaysian public universities. The study combined the rate of return theory and the gravity model. A method used was panel data regression, and factors analysed regarding the Asian continent and its sub-continents, three levels of academic studies, and gender for the 44 sending countries over a period of nine years. Using both Difference GMM and System GMM, all five macro factors in three different aspects were significant. Two policies were also proposed to assist the Malaysian government and public universities in enrolling more international students. All of these are important to ensure that Malaysia rises again as one of the major key players in the global higher education industry by 2025.

Suggested Citation

  • Fadli Fizari Abu Hassan Asari & Suriyani Muhamad & Mahyudin Ahmad & Jumadil Saputra & Salwani Affandi, 2023. "Investigating the Demand of Asian Countries on Malaysian Public Universities: An Application of Panel Generalised Methods of Moments (GMM) Estimation," Springer Books, in: Fred A. Yamoah & Adnan ul Haque (ed.), Corporate Management Ecosystem in Emerging Economies, pages 315-343, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-41578-4_18
    DOI: 10.1007/978-3-031-41578-4_18
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