THE MACRO DETERMINANTS OF THE ROMANIAN PHARMACEUTICAL IMPORTS AND EXPORTS IN 2001-2018 PERIOD USING THE GRAVITY MODEL

Anca Tamaș
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引用次数: 1

Abstract

: Purpose – The aim of this paper is to find out the macro determinants of the Romanian pharmaceutical imports and exports from 2001 to 2018. Design / Methodology / Approach – A gravity model and a panel data were used, the software was EViews 10. The data were collected from the World Bank and the International Trade Centre databases. Findings – The gravity model had a high explanatory power for the Romanian pharmaceutical imports and exports. The market size, the health expenditures of the partner countries, sharing a common border, the EU membership, as well as the former CMEA (Council for Mutual Economic Assistance), have a positive impact on import and export flows, while the geographical distance and the economic distance have a negative impact on the Romanian pharmaceutical trade. Practical implications – The profile of the major suppliers for the Romanian pharmaceutical imports and the profile of the major receiving countries for the Romanian pharmaceutical exports were realized. Originality / Value – The paper offers a valuable insight into the Romanian pharmaceutical trade. The major macro determinants for the Romanian pharmaceutical imports are the share of the pharmaceutical exports in all exports and the export market penetration index for the partner country. The major macro determinants of the Romanian pharmaceutical exports are the share of pharmaceutical imports in all imports and the trade openness for the partner country. Limitations – The paper addresses only the macro determinants of the Romanian pharmaceutical trade flows, therefore further research for the micro determinants is needed.
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利用重力模型研究2001-2018年罗马尼亚药品进出口的宏观决定因素
目的-本文的目的是找出2001年至2018年罗马尼亚药品进出口的宏观决定因素。设计/方法/方法-采用重力模型和面板数据,软件为EViews 10。这些数据是从世界银行和国际贸易中心的数据库中收集的。研究发现:重力模型对罗马尼亚医药进出口具有较高的解释力。拥有共同边界的伙伴国家的市场规模、卫生支出、欧盟成员国以及前经济互助委员会对进出口流动产生了积极影响,而地理距离和经济距离对罗马尼亚医药贸易产生了消极影响。实际影响-了解了罗马尼亚药品进口的主要供应商概况和罗马尼亚药品出口的主要接收国概况。原创性/价值-这篇论文对罗马尼亚医药贸易提供了有价值的见解。罗马尼亚药品进口的主要宏观决定因素是药品出口在所有出口中所占的份额和伙伴国的出口市场渗透指数。罗马尼亚药品出口的主要宏观决定因素是药品进口在所有进口中所占的份额和伙伴国的贸易开放程度。局限性-本文只涉及罗马尼亚医药贸易流动的宏观决定因素,因此需要对微观决定因素进行进一步研究。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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