Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them

Shen Yuan; Shen Jun-long; Zhang Hai-bo; Yuan Pan

doi:doi:10.11648/j.sjph.20160403.15

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Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them

Shen Yuan, Shen Jun-long, Zhang Hai-bo, Yuan Pan

Published in Science Journal of Public Health (Volume 4, Issue 3)

Received: 3 May 2016 Published: 4 May 2016

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Abstract

In recent years, prices of traditional Chinese medicine (TCM) resources have undergone abnormal fluctuations due to intense volatility. It is believed that there are special reasons behind these fluctuations. The prices of TCM resources should be set with regard to market equilibrium. A survey of nearly 15 years’ worth of data shows that non-market factors, namely social factors, are the main reasons for the price fluctuations of Chinese herbal medicines. This paper explores these factors and suggests reasonable control strategies to help stabilize the prices of TCM resources.

Published in	Science Journal of Public Health (Volume 4, Issue 3)
DOI	10.11648/j.sjph.20160403.15
Page(s)	183-190
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Traditional Chinese Medicine, Price Fluctuation, Non-market Factors, Governance Mechanisms

References

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[2]	Zhao Huan, Qu Kai-yue, Li You-xin. Analysis and prevention on market risk of Chinese medicinal materials based on “cobweb model” [J]. Chinese Traditional and Herbal Drugs, 2013, 44(2): 238-240.
[3]	Wang Yong-jie. Minxian county angelica price change Reasons and Countermeasure [J]. Agricultural Science and Technology. 2008, 01: 44.
[4]	Ren Chang-qiu. Causes and Effects of Chinese herbal medicines price changes [J]. People's Tribune. 2011(2): 142-143.
[5]	Wan renfu, Xu weiya, Wang shaojun, Ouyang hui, Li yujiao, Gong qianfeng, Yang shilin. Discussion on the Strategy for Development of Authentic Medicinal Herbs [J]. China Pharmacy 2007. 18(9): 641-643.
[6]	Sun xue-ting, Li lei, Long guang-qiang, Zhang guang-hui, Meng zhen-gui, Yang sheng-chao, Chen jun-wen, The progress and prospect on consecutive monoculture problems of Panax notoginseng. [J] Chinese Journal of Ecology 2015, 34(3): 885－893
[7]	Hu fang, A brief discussion on the traditional methods of identifying traditional Chinese Medicine [J] Lishizhen Medicineand Materia Medica Research. 2006. 17(10).
[8]	Li Qiang, Du Si-miao, Zhang Zhong-liang, Lv Chun-ming, Zhou Yong-quan, Zhao Yan, Zhang Ning. Progress in fingerprint technology on Chinese materia medica and prospect of its future development [J]. Chinese Traditional and Herbal Drugs, 2013, 44(22): 3095-3104.
[9]	Xiao Xiao-he, Wang Jia-bo, Yan Dan, Lv yang. Establishment of Dao-Di index and its significance in quality control and rational usage of Chinese medicine [J]. China Journal of Chinese Materia Medica, 2012, 37(11): 1513-1516.
[10]	Zhao Yong-sheng, Zhou Ya-xing, He Wei, Zha Yun-sheng. Protection and exploitation of rare and endangered medicinal materials in Nu Jiang Zhou [J]. Chinese Journal of Ethnomedicine and Ethnopharmacy. 2005, 14(6): 350-354.
[11]	Zhang Wen-sheng, Wang Li-yang. Geoherbs correlation with environmental factors [A]. China research and promotion of TCM, 2003.

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APA Style

Shen Yuan, Shen Jun-long, Zhang Hai-bo, Yuan Pan. (2016). Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them. Science Journal of Public Health, 4(3), 183-190. https://doi.org/10.11648/j.sjph.20160403.15

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ACS Style

Shen Yuan; Shen Jun-long; Zhang Hai-bo; Yuan Pan. Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them. Sci. J. Public Health 2016, 4(3), 183-190. doi: 10.11648/j.sjph.20160403.15

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AMA Style

Shen Yuan, Shen Jun-long, Zhang Hai-bo, Yuan Pan. Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them. Sci J Public Health. 2016;4(3):183-190. doi: 10.11648/j.sjph.20160403.15

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@article{10.11648/j.sjph.20160403.15,
  author = {Shen Yuan and Shen Jun-long and Zhang Hai-bo and Yuan Pan},
  title = {Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them},
  journal = {Science Journal of Public Health},
  volume = {4},
  number = {3},
  pages = {183-190},
  doi = {10.11648/j.sjph.20160403.15},
  url = {https://doi.org/10.11648/j.sjph.20160403.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjph.20160403.15},
  abstract = {In recent years, prices of traditional Chinese medicine (TCM) resources have undergone abnormal fluctuations due to intense volatility. It is believed that there are special reasons behind these fluctuations. The prices of TCM resources should be set with regard to market equilibrium. A survey of nearly 15 years’ worth of data shows that non-market factors, namely social factors, are the main reasons for the price fluctuations of Chinese herbal medicines. This paper explores these factors and suggests reasonable control strategies to help stabilize the prices of TCM resources.},
 year = {2016}
}

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TY  - JOUR
T1  - Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them
AU  - Shen Yuan
AU  - Shen Jun-long
AU  - Zhang Hai-bo
AU  - Yuan Pan
Y1  - 2016/05/04
PY  - 2016
N1  - https://doi.org/10.11648/j.sjph.20160403.15
DO  - 10.11648/j.sjph.20160403.15
T2  - Science Journal of Public Health
JF  - Science Journal of Public Health
JO  - Science Journal of Public Health
SP  - 183
EP  - 190
PB  - Science Publishing Group
SN  - 2328-7950
UR  - https://doi.org/10.11648/j.sjph.20160403.15
AB  - In recent years, prices of traditional Chinese medicine (TCM) resources have undergone abnormal fluctuations due to intense volatility. It is believed that there are special reasons behind these fluctuations. The prices of TCM resources should be set with regard to market equilibrium. A survey of nearly 15 years’ worth of data shows that non-market factors, namely social factors, are the main reasons for the price fluctuations of Chinese herbal medicines. This paper explores these factors and suggests reasonable control strategies to help stabilize the prices of TCM resources.
VL  - 4
IS  - 3
ER  -

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Author Information

Shen Yuan

School of Applied Mathematics, Nanjing University of Finance & Economics, Nanjing, China
Shen Jun-long

Management College of Economics and Trade, Nanjing University of Chinese Medicine, Nanjing, China
Zhang Hai-bo

Management College of Economics and Trade, Nanjing University of Chinese Medicine, Nanjing, China
Yuan Pan

Management College of Economics and Trade, Nanjing University of Chinese Medicine, Nanjing, China

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APA Style

Shen Yuan, Shen Jun-long, Zhang Hai-bo, Yuan Pan. (2016). Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them. Science Journal of Public Health, 4(3), 183-190. https://doi.org/10.11648/j.sjph.20160403.15

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ACS Style

Shen Yuan; Shen Jun-long; Zhang Hai-bo; Yuan Pan. Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them. Sci. J. Public Health 2016, 4(3), 183-190. doi: 10.11648/j.sjph.20160403.15

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AMA Style

Shen Yuan, Shen Jun-long, Zhang Hai-bo, Yuan Pan. Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them. Sci J Public Health. 2016;4(3):183-190. doi: 10.11648/j.sjph.20160403.15

Copy | Download

@article{10.11648/j.sjph.20160403.15,
  author = {Shen Yuan and Shen Jun-long and Zhang Hai-bo and Yuan Pan},
  title = {Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them},
  journal = {Science Journal of Public Health},
  volume = {4},
  number = {3},
  pages = {183-190},
  doi = {10.11648/j.sjph.20160403.15},
  url = {https://doi.org/10.11648/j.sjph.20160403.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjph.20160403.15},
  abstract = {In recent years, prices of traditional Chinese medicine (TCM) resources have undergone abnormal fluctuations due to intense volatility. It is believed that there are special reasons behind these fluctuations. The prices of TCM resources should be set with regard to market equilibrium. A survey of nearly 15 years’ worth of data shows that non-market factors, namely social factors, are the main reasons for the price fluctuations of Chinese herbal medicines. This paper explores these factors and suggests reasonable control strategies to help stabilize the prices of TCM resources.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Non-market Factors Affecting Price Volatility of Traditional Chinese Medicine Resources and Governance Mechanisms to Address Them
AU  - Shen Yuan
AU  - Shen Jun-long
AU  - Zhang Hai-bo
AU  - Yuan Pan
Y1  - 2016/05/04
PY  - 2016
N1  - https://doi.org/10.11648/j.sjph.20160403.15
DO  - 10.11648/j.sjph.20160403.15
T2  - Science Journal of Public Health
JF  - Science Journal of Public Health
JO  - Science Journal of Public Health
SP  - 183
EP  - 190
PB  - Science Publishing Group
SN  - 2328-7950
UR  - https://doi.org/10.11648/j.sjph.20160403.15
AB  - In recent years, prices of traditional Chinese medicine (TCM) resources have undergone abnormal fluctuations due to intense volatility. It is believed that there are special reasons behind these fluctuations. The prices of TCM resources should be set with regard to market equilibrium. A survey of nearly 15 years’ worth of data shows that non-market factors, namely social factors, are the main reasons for the price fluctuations of Chinese herbal medicines. This paper explores these factors and suggests reasonable control strategies to help stabilize the prices of TCM resources.
VL  - 4
IS  - 3
ER  -

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