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Macroeconomic and Fiscal Effects of Increased Efficiency in Medicine Procurement: A General Equilibrium Analysis of the Colombian Health System

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dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.contributor.institucionBanco de la República - Colombia
dc.coverage.ciudadBogota
dc.creatorÁvila-Montealegre, Oscar
dc.creatorBauhoff, Sebastian
dc.creatorBotero, Jesús
dc.creatorGiles Álvarez, Laura
dc.creatorLeón-Moncada, Santiago
dc.creatorLarrahondo, Cristhian
dc.creatorLozano-Espitia, Luis Ignacio
dc.creatorMelo-Becerra, Ligia Alba
dc.creatorOrtiz-Hoyos, José Luis
dc.creatorRodríguez-Ávila, Jesús
dc.date.accessioned2025-01-15T16:54:39Z
dc.date.available2025-01-15T16:54:39Z
dc.date.created2025-01-15spa
dc.description.abstractThis study analyzes the macroeconomic and fiscal effects of greater efficiency in medicines procurement in Colombia, using both static (computable) and dynamic general equilibrium models. The findings indicate that implementing an efficient drug procurement policy could reduce the total health system spending, with potential savings of up to 8.4% in the short term and up to 10.8% in the long term. These savings could be reinvested within the health system, allocated to other sectors, or used to reduce tax burden on capital, consumption, or social contributions. The latter option would increase production by up to 1.1%, investment by 1.7% and consumption by 0.8%. Potential measures to achieve such efficiency gains include promoting and purchasing generic drugs, conducting joint procurement, and implementing price regulation.eng
dc.format.extent32 páginasspa
dc.format.mimetypePDF
dc.identifier.urihttps://repositorio.redinvestigadores.org//handle/Riec/135
dc.language.isoengeng
dc.relation.ispartofDocumentos de Trabajospa
dc.relation.numberNo. 110spa
dc.relation.repechttps://ideas.repec.org/p/rie/riecdt/110.htmlspa
dc.relation.urihttps://publications.iadb.org/es/efectos-macroeconomicos-y-fiscales-de-una-mayor-eficiencia-en-la-compra-de-medicamentos-un-analisisspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.rights.spaAcceso abierto
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.subject.jelC68 - Computable General Equilibrium Models
dc.subject.jelD58 - Computable and Other Applied General Equilibrium Models
dc.subject.jelE62 - Fiscal Policy
dc.subject.jelH21 - Efficiency; Optimal Taxation
dc.subject.jelH51 - Government Expenditures and Health
dc.subject.jelI11 - Analysis of Health Care Markets
dc.subject.jelI18 - Government Policy; Regulation; Public Health
dc.subject.keywordMedicationseng
dc.subject.keywordHealth expenditureeng
dc.subject.keywordHealth systemeng
dc.subject.keywordColombiaeng
dc.subject.keywordTaxeseng
dc.subject.keywordGeneral equilibrium modelseng
dc.subject.keywordPharmaceutical policyeng
dc.titleMacroeconomic and Fiscal Effects of Increased Efficiency in Medicine Procurement: A General Equilibrium Analysis of the Colombian Health System
dc.typeWorking papereng
dc.type.hasversionPublished Version
dc.type.spaDocumentos de Trabajospa

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