What does the demand for pharmaceuticals look like? How effectively does a price cut control pharmaceutical expenditure? To shed light on these questions, I estimate the demand for antihypertensive drugs in Korea (2003-2007) using NLM. The estimation results are following. 1) Physicians are not sensitive to price differences and the price elasticity of the original drugs is further reduced afte...

A key aspect of sustainable development in a country is how energy, environment and economic sectors interact. Greenhouse gas emissions and their impacts are among important environmental issues that have been in focus. The increase in the concentration of these gases in atmosphere to levels above the natural level results in global warming, depletion of the Earth’s protective layer against har...

abstractthe reform of energy subsidies has affected economic growth, as a result of household and firms’ behavior. however, despite the energy consumption and economic growth decrease in the short run, it is expected that economic growth will increase as a result of an adjustment in economic agents’ behavior over the mid- and long-terms. as is appropriate with these changes, energy consumption ...

This paper uses remote sensing data from 1989 to 2000 to examine the impacts of price liberalization, land tenure, and biophysical characteristics on farmland abandonment in the border region of Poland, Slovakia, and Ukraine. Using regression analysis and matching estimators, we find that differences in biophysical characteristics, rather than in tenure systems, best explain the variation in ab...

The German health care reform of 1997 provides a natural experiment for evaluating the price sensitivity of demand for physicians' services. As a part of the reform, co-payments for prescription drugs were increased step up to 200%. However, certain groups of people were exempted from the increase, providing a natural control group against which the changed demand for physicians' services of th...

This article describes the main issues of the Brazilian Model of Telecommunication Reform (BMTR), presenting the privatization process and the new regulatory framework in Brazil, comparing with the experiences of the UK and US. The main targets of the reform were to enhance competition, to provide universal service, and to raise privatization revenues to reduce public debt. The trade-offs among...

Detailed transaction and price data from 769 Chinese state-owned enterprises reveal that corruption — official diversion of under-priced in-plan industrial goods to the market — was pervasive in China between 1980 and 1989. More important, corruption has a significant impact on the allocation of both in-plan and outside-plan resources in ways that are consistent with implications of an extended...

Abstract: On December 2010, the government of Iran ended the decades-long subsidy program for bread and energy products and launched the Targeted Subsidy Reform program that considerably raised prices of food products. The objective of the study was to measure welfare impacts of food price changes on Iranian urban households between two survey data of 2009/10 and 2011/12 which were taken from I...

With the further development of new types industrialization and urbanization in China, environmental deterioration energy safety problems have been increasingly prominent. As a clean, efficient high-quality source, natural gas has ushered unprecedented opportunities. In recent decades, consumption kept high-speed growth but its proportion structure still long way to go reach international avera...