ESTIMATES OF THE DEMAND FOR ETHICAL PHARMACEUTICAL DRUGS ACROSS COUNTRIES AND TIME

Authors
ALEXANDER DL FLYNN JE LINKINS LA
Citation
Dl. Alexander et al., ESTIMATES OF THE DEMAND FOR ETHICAL PHARMACEUTICAL DRUGS ACROSS COUNTRIES AND TIME, Applied economics, 26(8), 1994, pp. 821-826
Citations number
8
Categorie Soggetti
Economics
Journal title
Applied economics → ACNP
ISSN journal
00036846
Volume
26
Issue
8
Year of publication
1994
Pages
821 - 826
Database
ISI
SICI code
0003-6846(1994)26:8<821:EOTDFE>2.0.ZU;2-D
Abstract
The aggregate demand for ethical pharmaceutical drugs using country-le vel data for seven countries pooled across an eight-year period is est imated. The regression analysis reveals that the net price paid by con sumers has a negative effect on the average number of prescriptions pe r capita while income has a positive effect. Moreover, the parameter e stimates suggest that the demand is relatively elastic in most countri es, and that the income elasticity is greater than one.