Evaluating the Effects of China's Price Regulation on Pharmaceutical Market During 1997~2008
利用1997-2008年宏观数据，发现中国药品价格管制仅在短期显著降低药价指数，但未能减少家庭医疗支出和行业平均盈利，反而导致高价药品进口增加，产生扭曲效应。
This paper evaluates the effects of China's pharmaceutical price regulations using a macro data during 1997-2008.It is found that these regulations reduce the medicine price indices significantly in the short-run only. However,they fail to reduce households' health-care expenditure and the average profitability of pharmaceutical industry.Moreover,these price regulations induce more imports of expensive medicines,with no significant effects on the prices of substitute or complementary goods or service.To summarize,the pharmaceutical price regulations fail to reduce the medicine prices and alleviate the consumers' health-care burden.On the contrary, it induces certain distortionary effects.