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New Insights into the Price Dynamics of Prescription Pharmaceuticals in Slovenia over the Period 2001–2014

Economic and Business Review

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Title New Insights into the Price Dynamics of Prescription Pharmaceuticals in Slovenia over the Period 2001–2014
 
Creator Došenović Bonča, Petra; FELU
Marinšek, Denis
 
Subject I13; H51
 
Description The article investigates changes in the prices of Slovenian prescription pharmaceuticals in the period 2001-2014. A special emphasis is put on the pricing of innovative pharmaceuticals. The price structure of pharmaceuticals, annual price changes and alterations in the structure of consumption according to price are graphically and statistically analyzed, using Laspeyres, Paasche and Fisher price indices. Article shows that during the period 2008-2014, prices of pharmaceuticals started to decline notably, with an average annual decrease of 6.9%. Annual price changes and the altered structure of consumption explain why Slovenia was able to maintain a positive trend of consumption of pharmaceuticals, while cutting total expenditures for prescription pharmaceuticals since 2010.DOI:  10.15458/85451.34
 
Publisher Economic and Business Review
 
Contributor
 
Date 2017-03-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ojs.ebrjournal.net/ojs/index.php/ebr/article/view/555
 
Source Economic and Business Review; Vol 19, No 2 (2017); 247-264
2335-4216
1580-0466
 
Language eng
 
Relation http://ojs.ebrjournal.net/ojs/index.php/ebr/article/view/555/pdf_89
 
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