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Success in Pharmaceutical Research: The Changing Role of Scale and Scope Economies, Spillovers and Competition

Tatiana Plotnikova

No 2010-045, Jena Economics Research Papers from Friedrich-Schiller-University Jena

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.

Keywords: economies of scale and scope; spillovers; competition; R&D; innovation process (search for similar items in EconPapers)
JEL-codes: L25 L65 O32 (search for similar items in EconPapers)
Date: 2010-07-26
New Economics Papers: this item is included in nep-com, nep-cse, nep-ino, nep-ppm, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2010-045

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