The Willingness to Pay for Studying in an International Engineering Curriculum at a University in Thailand
Article No.: 25, Pages 1 - 9
Abstract
Expert engineers who are good Engligh communication skills are the top in-demand jobs in Thailand. Currently, there are 13 institutions that offered international engineering curriculums. The purpose of this study is to estimating the maximum value of parents' willingness to pay (WTP) and influenced factors affecting the WTP for sending their children to higher education in the field of an international engineering curriculum in Thailand. The contingent valuation method and binary logistic regression are employed to identify significant factors. The results indicate that the average maximum amount of WTP is 191,900 baht per year. Three different scenarios are considered: current situation (based model), economic downturn, and rise of tuition. Significant factors in each scenario are discussed in this paper.
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Published In
July 2017
332 pages
ISBN:9781450348812
DOI:10.1145/3092090
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Published: 17 July 2017
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MISNC '17
MISNC '17: 4th Multidisciplinary International Social Networks Conference
July 17 - 19, 2017
Bangkok, Thailand
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