Product Cycles, Innovation, and Exports: A Study of Indian Pharmaceuticals

Alka Chadha

World Development, 2009, vol. 37, issue 9, pages 1478-1483

Abstract: Summary This paper studies the product cycle and neo-technology theories of trade in the context of generic pharmaceuticals. It analyzes the export performance of 131 Indian pharmaceutical firms for the period 1989-2004. The results indicate that technology proxied by foreign patent rights has a positive impact on exports. This suggests that developing countries with innovation skills for process innovations are capable of penetrating international markets in the later stages of the product cycle by using patents, which were the barriers to trade in the early stages of the product cycle.

Keywords: product; cycle; exports; generic; drugs; patents; Indian; pharmaceutical; industry; Asia; India (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:wdevel:v:37:y:2009:i:9:p:1478-1483

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