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The Pharmacist Aggregate Demand Index to Explain Changing Pharmacist Demand Over a Ten-Year Period
Author(s) -
Katherine K. Knapp,
Bijal M. Shah,
Mitchell J. Barnett
Publication year - 2010
Publication title -
american journal of pharmaceutical education
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.796
H-Index - 63
eISSN - 1553-6467
pISSN - 0002-9459
DOI - 10.5688/aj7410189
Subject(s) - unemployment , medical prescription , pharmacy , pharmacist , index (typography) , medicine , unemployment rate , aggregate demand , demography , economics , demographic economics , economic growth , family medicine , computer science , monetary economics , pharmacology , sociology , monetary policy , world wide web
To describe Aggregate Demand Index (ADI) trends from 1999-2010; to compare ADI time trends to concurrent data for US unemployment levels, US entry-level pharmacy graduates, and US retail prescription growth rate; and to determine which variables were significant predictors of ADI.Annual ADI data (dependent variable) were analyzed against annual unemployment rates, annual number of pharmacy graduates, and annual prescription growth rate (independent variables).ADI data trended toward lower demand levels for pharmacists since late 2006, paralleling the US economic downturn. National ADI data were most highly correlated with unemployment (p < 0.001), then graduates (p < 0.006), then prescription growth rate (p < 0.093). A hierarchical model with the 3 variables was significant (p = 0.019), but only unemployment was a significant ADI predictor. Unemployment and ADI also were significantly related at the regional, division, and state levels.The ADI is strongly linked to US unemployment rates. The relationship suggests that an improving economy might coincide with increased pharmacist demand. Predictable increases in future graduates and other factors support revisiting the modeling process as new data accumulate.

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