Pharmaceutical Exports and Patents in India – An Empirical Investigation

Bibek Ray Chaudhuri, Sucharita Bhattacharyya and Susmita Chatterjee
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Sucharita Bhattacharyya: University of Calcutta, India.
Susmita Chatterjee: Maharaja Manindra Chandhra college, Kolkata , India.

No 1939, Working Papers from Indian Institute of Foreign Trade

Abstract: The Indian pharma industry are faced with challenges like slowing exports and rising costs. This has impacted their ability to capture a larger share of global pharmaceutical market. Sustaining the profitability and market share in this sector requires the ability on the part of the firms to obtain patents. Such activity involves huge investments in R&D and knowledge building. Hence it is of utmost importance to ascertain whether obtaining a patent enhance exports of pharma products especially since it is a significant revenue generator. The paper attempts to answer this question through a simultaneous equation approach. The results show that after controlling for the relevant variables impacting the export of pharma products, patents have a significant positive impact on pharma exports.

Keywords: Exports; Empirical; Simultaneous Equation; Pharmaceutical. (search for similar items in EconPapers)
JEL-codes: C3 F14 L65 (search for similar items in EconPapers)
Pages: 35pages
Date: 2019-01
New Economics Papers: this item is included in nep-ino, nep-int and nep-ipr
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