Effects of pharmaceutical price regulation: China's evidence between 1997 and 2008
Effects of pharmaceutical price regulation: China's evidence between 1997 and 2008
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药品价格管制的影响:1997年至2008年中国的证据
DOI:
10.1080/13547860.2014.964968
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发表时间:
2015
影响因子:
1.4
通讯作者:
Qiao Xue
中科院分区:
文献类型:
--
作者:
Wu Binzhen;Zhang Qiong;Qiao Xue
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.