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Public Finance Perspective from Recent Studies on Finnish Pharmaceutical Markets

Author

Listed:
  • Jokelainen, Antto
  • Markkanen, Jaakko
  • Siikanen, Markku
  • Toivanen, Otto

Abstract

Petteri Orpo’s government program plans to reform pharmaceutical and pharmacy regulation in Finland. In this memo, we review some of the effects of cost-saving measures targeted at the pharmaceutical markets in light of recent economic research. We present two recommendations. First, we propose transferring medicines to the general VAT rate. Secondly, we recommend reforming or replacing the pharmacy tax with the standard corporate tax, should the regulation of pharmacy numbers and locations be removed.

Suggested Citation

  • Jokelainen, Antto & Markkanen, Jaakko & Siikanen, Markku & Toivanen, Otto, 2025. "Public Finance Perspective from Recent Studies on Finnish Pharmaceutical Markets," ETLA Brief 157, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:briefs:157
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    More about this item

    Keywords

    Pharmaceuticals; Pharmacies; Regulation; Public finance;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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