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Impact of innovative activity of organizations on the development of pharmaceutical industry: a case study

Author

Listed:
  • Natalia Leonidovna Borscheva

    (I.M. Sechenov First Moscow State Medical University, Russian Federation)

  • Yulia Vyacheslavovna Fedorova

    (I.M. Sechenov First Moscow State Medical University, Russian Federation)

  • Marina Ivanovna Glukhova

    (I.M. Sechenov First Moscow State Medical University, Russian Federation)

  • Guzal Ilgizovna Islamova

    (I.M. Sechenov First Moscow State Medical University, Russian Federation)

Abstract

Тhe article proposes a new methodological approach to the study and evaluation of external factors affecting innovation activity. External factors were estimated, a correlation model was built, and key factors affecting innovation activity and susceptibility to innovation of Russian companies were identified. A regression model reflecting the dependence of the level of innovation activity of Russian companies on changes in environmental factors in the dynamics from 2006 to 2016 was constructed. The study was conducted on the basis of statistical data on the development of the pharmaceutical industry as one of the high-tech industries of the Russian industry. The study confirmed and measured the relationship between the macro factors of development of the Russian pharmaceutical industry and the volume of its production. This study is an occasion to discuss and further study the development of sound recommendations to change or improve the state industrial policy. Directions of further researches are connected with a deeper study of the causes of interrelation of volume of output and macroeconomic factors, as well as with the assessment of the temporal distribution of the macroeconomic consequences of purposeful influence on the magnitude of the factors considered.

Suggested Citation

  • Natalia Leonidovna Borscheva & Yulia Vyacheslavovna Fedorova & Marina Ivanovna Glukhova & Guzal Ilgizovna Islamova, 2020. "Impact of innovative activity of organizations on the development of pharmaceutical industry: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 3001-3015, June.
    • Handle: RePEc:ssi:jouesi:v:7:y:2020:i:4:p:3001-3015
    DOI: 10.9770/jesi.2020.7.4(29)
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    References listed on IDEAS

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    1. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:502-511 is not listed on IDEAS
    2. DiMasi, Joseph A. & Grabowski, Henry G. & Hansen, Ronald W., 2016. "Innovation in the pharmaceutical industry: New estimates of R&D costs," Journal of Health Economics, Elsevier, vol. 47(C), pages 20-33.
    3. A.V. Voloshin & J.J. Suslova & E.A. Batrayeva & L.V. Baguzova & N.V. Ananeva, 2018. "Current State, Tendencies and Peculiarities of Development in Higher Education: The Case of Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 502-511.
    4. Brem, Alexander & Nylund, Petra A. & Schuster, Gerd, 2016. "Innovation and de facto standardization: The influence of dominant design on innovative performance, radical innovation, and process innovation," Technovation, Elsevier, vol. 50, pages 79-88.
    5. Eli Ayawo Atatsi & Jol Stoffers & Ad Kil, 2019. "Factors affecting employee performance: a systematic literature review," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 16(3), pages 329-351, February.
    6. Gustavo Crespi & Jorge Katz & Jocelyn Olivari, 2018. "Innovation, natural resource-based activities and growth in emerging economies: the formation and role of knowledge-intensive service firms," Innovation and Development, Taylor & Francis Journals, vol. 8(1), pages 79-101, January.
    7. DiMasi, Joseph A. & Hansen, Ronald W. & Grabowski, Henry G., 2003. "The price of innovation: new estimates of drug development costs," Journal of Health Economics, Elsevier, vol. 22(2), pages 151-185, March.
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    More about this item

    Keywords

    management; innovative activity; innovative development; model; external environment factors; pharmaceutical industry;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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