IDEAS home Printed from https://ideas.repec.org/p/tha/wpaper/79.html
   My bibliography  Save this paper

Regional Medical Device Security through Safety Standard Harmonization

Author

Listed:
  • Panit Wattanakoon
  • Wanissa Suanin

    (Faculty of Economics, Thammasat University)

Abstract

The 2019 global pandemic has served as a wake-up call for policymakers regarding the importance of prioritizing medical device security. As the virus spread, it was depleting supplies of key vital medical devices around the world. Many nations have then decided to impose export restrictions on certain pandemic-prevention-related medical devices. This paper argues that harmonization of regional safety standards could be another means for countries to promote regional medical device security. We examine how the EU Medical Device Regulation and ASEAN Medical Device Directive, regional efforts to harmonize safety standards, facilitates regional trade and contributes to the improvement of regional medical device security, using the gravity modeling framework. We find that EU version of safety standard harmonization promotes both regional and global trades, while ASEAN version can encourage only the regional, not the global one.

Suggested Citation

  • Panit Wattanakoon & Wanissa Suanin, 2023. "Regional Medical Device Security through Safety Standard Harmonization," Discussion Papers 79, Thammasat University, Faculty of Economics, revised Nov 2023.
    • Handle: RePEc:tha:wpaper:79
    as

    Download full text from publisher

    File URL: https://www.econ.tu.ac.th/uploads/discussion_paper/file/20231128/bcfhprvxz346.pdf
    File Function: Revised version, 2023
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Medical Device Trade; Safety Standard Harmonization; EU; ASEAN; COVID-19;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tha:wpaper:79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chompoo Thongchai (email available below). General contact details of provider: https://edirc.repec.org/data/fectuth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.