Cooperation and spillovers in healthcare R&D: Theory and evidence

João Ricardo Faria, Steven B Caudill, Franklin Mixon and Kamal Upadhyaya

Economic Modelling, 2021, vol. 95, issue C, 68-75

Abstract: This study tests the hypothesis that the research and development activity that is taking place in medical schools will influence the research and development activity that is occurring in hospitals, and vice-versa. To do so, we present a game in which the flow (short run) and level (long run) of research and development activities in medical schools determines the flow and level of research and development endeavors in hospitals (and vice-versa). The division of labor that occurs in our game entails the specialization in basic research by medical schools that leads to application and refinement of the results from that work by hospital practitioners. In turn, the refinements made by hospital practitioners informs further medical school research. Empirical support for our hypothesis is provided using data from the Association of American Medical Colleges, the Association for Healthcare Philanthropy and the National Science Foundation.

Keywords: Research and development; Hospitals; Medical schools; Differential games (search for similar items in EconPapers)
JEL-codes: I10 O31 O32 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:95:y:2021:i:c:p:68-75

DOI: 10.1016/j.econmod.2020.12.008

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