Obstacles to progress in R&D activities caused by Institutional and Regulatory Frameworks: the case of the Biotech Sector in Colombia

Fernando Estrada, Fabio F Moscoso, Natalia Diaz and Nelson Andrade

MPRA Paper from University Library of Munich, Germany

Abstract: This article is based on an exhaustive review of empirical evidence from secondary sources of information seeking to answer the research question: What are the main obstacles raised by the Institutional and Regulatory framework for R&D activities in Colombia’s biotechnology sector? The main findings indicate: (I) that there is a flawed competitive environment that tends to create oligopolies and other scenarios that facilitate the hoarding of information and knowledge and prevent access by many scientists to relevant new information breakthroughs, thus generating material asymmetries between the scientific communities of developed and developing countries; and (II) that other obstacles, generally associated with government shortcomings, produce non-financial transaction costs in terms of time and administrative processes, that represent significant impediments to the development of the biotechnology industry and which, in the Colombian case, have slowed progress in the sector.

Keywords: Biotechnology; Property Rights; Public Policy; Institutional Environment. (search for similar items in EconPapers)
JEL-codes: H41 O11 O14 O16 O34 Q14 Q18 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-agr and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Research in World Economy 4.VI(2015): pp. 116-122

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/68816/1/MPRA_paper_68816.pdf original version (application/pdf)

Related works:
Journal Article: Obstacles to Progress in R&D Activities Caused by Institutional and Regulatory Frameworks: The Case of the Biotech Sector in Colombia (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68816

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().