Effects of pharmaceutical price regulation
China's evidence between 1997 and 2008
Bibliographic Data
| ID | 12550232 |
|---|---|
| Authors | Binzhen Wu (0000-0001-9168-429X, Tsinghua University), Qiong Zhang (0000-0003-2717-7773, Central University of Finance and Economics), Xue Qiao (0000-0002-4070-9095, Tsinghua University, corresponding author) |
| Year | 2014 |
| Volume | 20 |
| Issue | 2 |
| Pages | 290-329 |
| Publication date | 2014-10-08 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860.2014.964968 |
| OpenAlex | W2061098530 |
| Language | EN |
| Citations received | 1 |
| References cited | 16 |
This study uses a macro-level data during the period between 1997 and 2008 to evaluate the effects of China's pharmaceutical price regulations. We find that the regulations exert short-run effects on pharmaceutical price indexes, reducing them by less than 0.5 percentage points. The effects can be slightly reinforced if the price regulations were to be applied to more medicines. The price regulations fail to reduce household health expenditures and the average profitability of the pharmaceutical industry. Moreover, firms on the break-even point are worse off after the implementation. Finally, although these regulations have no significant effects on the prices of medicinal substitutes or complements, they increase the importation of expensive medicines. These findings are also consistent with consumer perceptions of the pharmaceutical policies, based on the household survey data conducted in 2008
Business · China · Economics · Monetary economics · Pharmaceutical industry · Point (geometry · Profitability index · Public economics · Global Health Care Issues · Medicine · Pharmaceutical Economics and Policy · Pharmaceutical industry and healthcare · Finance
Testing for stationarity in heterogeneous panel data
Unequally Spaced Panel Data Regressions With Ar(1) Disturbances
Residual-based tests for cointegration in models with regime shifts
Unit root tests in panel data
Testing for unit roots in heterogeneous panels
Testing the null hypothesis of stationarity against the alternative of a unit root
Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis
Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis
Multiple Trend Breaks and the Unit-Root Hypothesis
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |