Typical Household Elasticity of Demand for Pharmaceuticals Across European States

• Autorzy: Agata Żółtaszek

Warianty tytułu

Elastyczność popytu na farmaceutyki typowego gospodarstwa domowego w krajach europejskich

• Języki publikacji: EN

Abstrakty

EN

According to the World Health Organisation (WHO), almost a billion people worldwide are at risk of falling into poverty due to out-of-pocket health spending, and pharmaceuticals are an integral part of this growing problem. The presented study aims to assess the price and income elasticity of demand for pharmaceuticals across European states over the period 2009-2019. The subject of the analysis is a typical household in each state. The analysis focuses on evaluating interactions in the light of economic growth, thus the results are cross-referenced with the countries' development groups to pinpoint any similarities and contrasts within and between clusters. The results indicate that households in underprivileged regions have a higher responsiveness to economic stimuli than in prosperous states. Both the income and price elasticities indicate the existence of unmet need for pharmaceuticals due to insufficient financial resources. Moreover, households' responsiveness to income and price changes varies across time, states and affluence development groups. (original abstract)

Według Światowej Organizacji Zdrowia (WHO) prawie miliard ludzi na całym świecie jest zagrożonych popadnięciem w ubóstwo z powodu wydatków na zdrowie, a farmaceutyki są integralną częścią rosnącego problemu. Niniejsze badanie ma na celu ocenę elastyczności cenowej i dochodowej popytu na leki w państwach europejskich w latach 2009-2019. Przedmiotem analizy jest typowe gospodarstwo domowe w każdym kraju. Analiza koncentruje się na ocenie problemu w świetle wzrostu gospodarczego. W związku z tym wyniki są porównywane według grup rozwoju krajów, aby wskazać wszelkie podobieństwa i różnice wewnątrz klastrów i między nimi. Wyniki wskazują, że gospodarstwa domowe w regionach biedniejszych są bardziej wrażliwe na bodźce ekonomiczne niż w krajach zamożnych. Zarówno elastyczność dochodowa, jak i cenowa wskazują na niezaspokojone zapotrzebowanie na leki z powodu niewystarczających zasobów finansowych. Co więcej, reakcja gospodarstw domowych na zmiany dochodów i cen różni się w zależności od czasu, kraju i klastrów. (abstrakt oryginalny)

Słowa kluczowe

EN

Pharmaceutical market; Households; Household expenditures; Demand elasticity; Income elasticity of demand; Price elasticity; Regional analysis

PL

Rynek farmaceutyczny; Gospodarstwa domowe; Wydatki gospodarstw domowych; Elastyczność popytu; Dochodowa elastyczność popytu; Elastyczność cenowa; Analiza regionalna

• Czasopismo: Acta Universitatis Lodziensis. Folia Oeconomica
• Rocznik: 2022
• Numer: vol. 1, t. 358
• Strony: 32--58

Twórcy

autor

Agata Żółtaszek

• University of Lodz, Poland

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Identyfikatory

DOI

https://doi.org/10.18778/0208-6018.358.03