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Private and Public Investments in Biomedical Research

Author

Listed:
  • Maya Durvasula
  • Lisa Larrimore Ouellette
  • Heidi Williams

Abstract

Recent policy attention has focused on proposals to reduce prices for drugs that have received public funding. From an implementation perspective, such policies rely on public disclosure of government support for research. In this paper, we highlight two conceptual problems with past attempts to measure these public disclosures and construct a new dataset that corrects for these problems. Our corrected measures suggest that underreporting of public research support is less of an issue than previously thought.

Suggested Citation

  • Maya Durvasula & Lisa Larrimore Ouellette & Heidi Williams, 2021. "Private and Public Investments in Biomedical Research," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 341-345, May.
    • Handle: RePEc:aea:apandp:v:111:y:2021:p:341-45
    DOI: 10.1257/pandp.20211105
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    More about this item

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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