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Author Plotnikova, Tatiana
Source EconStor
Content type Text
Publisher Univ. [u.a.]
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword economies of scale and scope ♦ spillovers ♦ competition ♦ R&D ♦ innovation process ♦ Pharmazeutische Forschung ♦ Innovation ♦ Erfolgsfaktor ♦ Verbundvorteil ♦ Skalenertrag ♦ Innovationswettbewerb ♦ Wissenstransfer ♦ Spillover-Effekt ♦ Schätzung ♦ Welt ♦ Management of Technological Innovation and R&D ♦ Firm Performance: Size, Diversification, and Scope ♦ Chemicals; Rubber; Drugs; Biotechnology; Plastics
Abstract This paper investigates the determinants of success in the development of new drugs. In specific, it explores the factors of success in drug development programs at different stages of innovation process. We use economies of scale, scope, R&D competition and technological spillovers as explanatory variables and test whether the effect of these variables on the success of a project differs in relation to the discovery and development stages of innovation, respectively. Our main finding is that spillovers, including spillovers from collaboration, are important in explaining the success of projects during the discovery stage of innovation, while in the later development stage, the effects of competition outweigh any benefits from spillovers.
Part of series Jena economic research papers x2010,045
Learning Resource Type Article
Publisher Date 2010-01-01
Publisher Place Jena
Rights Holder