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The Political Economy of a "Miracle Cure": The Case of Nebulized Ibuprofen and its Diffusion in Argentina / Sebastian Calónico, Rafael Di Tella, Juan Cruz Lopez del Valle.
- Format:
- Book
- Author/Creator:
- Calónico, Sebastian.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31781.
- NBER working paper series no. w31781
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We document the diffusion of nebulized ibuprofen in Argentina as a treatment for COVID-19. As the pandemic spread, this clinically unsupported drug reached thousands of patients, even some seriously ill, despite warnings by the regulator and medical societies. Detailed daily data on deliveries for all towns in one of the largest provinces suggests a role for "rational" forces in the adoption of a miracle cure: towns adopt it when neighbors that adopt it are successful in containing deaths (a learning effect), even after controlling for the average adoption of peers. Results from a survey are consistent with learning. They also reveal a large role of beliefs: subjects that are classified as "Right" are more likely adopt and to learn, while those that are "Skeptical" report an increase in their demand when primed with the regulator's ban.
- Notes:
- Print version record
- October 2023.
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