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Cad Saude Publica. 2017 Sep 28;33(9):e00087916. doi: 10.1590/0102-311X00087916.

[Economic determinants of the demand for importation of pharmacochemical and pharmaceutical products].

[Article in Portuguese; Abstract available in Portuguese from the publisher]

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Curso de Mestrado em Economia Aplicada, Universidade Federal de Alagoas, Maceió, Brasil.
Programa de Pós-graduação em Organizações e Mercados, Universidade Federal de Pelotas, Pelotas, Brasil.
Programa de Pós-graduação em Desenvolvimento Econômico, Pontifícia Universidade Católica do Rio Grande do Sul, Porto Alegre, Brasil.


in English, Portuguese, Spanish

: This article analyzes the relationship between the demand for importation of pharmacochemical and pharmaceutical products and economic variables (exchange rate, import prices, and aggregate income) in Brazil, using monthly data from 1997-2014. The main results showed that increases in aggregate income and price reductions in imports have a positive and significant impact (elastic and inelastic, respectively) on imports. Exchange rate was only significant in the more aggregate model. Thus, aggregate income was a robust variable with strong impact on the importation of pharmacochemical and pharmaceutical products. The arguments in the literature that this industry's international trade deficit is related to a deficit in knowledge and technology and the current study's results provide evidence that as economic activity grows, there is a greater demand for this type of product. Additionally, if domestic production is insufficient, there is a need for imports, which can generate pressure on the trade deficit in the industry and contribute to Brazil's dependence on other countries.

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