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KMID : 1170320070130020071
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Korean Journal of Health Economics and Policy
2007 Volume.13 No. 2 p.71 ~ p.96
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A Panel Study on Determining the Market Share in the Korean Pharmaceutical Industry
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Sakong Jin
Bae Eun-Young
Kim Log-Young
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Abstract
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This paper studies the determinants of the market share in the pharmaceutical industry in Korea after the policy of the separation of prescribing and dispensing the drugs executed in 2000. We are also interested in the effects of Korea-US FTA on the pharmaceutical industry in Korea. For this purpose, We estimate the determinants of the market share by the method of the panel study using the panel data of the year 2001 to 2005. We found that the market share in the pharmaceutical industry increases if it is original drug or the difference of the market-entering time between the original drug and the generic is larger.
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KEYWORD
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pharmaceutical industry, market share, FTA, generic, original, panel study
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