Knowledge Accumulation and Industry Evolution: The Case of Pharma-Biotech

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Mariana Mazzucato, Giovanni Dosi
Cambridge University Press, Mar 9, 2006 - Business & Economics - 446 pages
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Written by internationally acclaimed experts in the economics of innovation, this volume examines how the biotechnology and pharmaceutical sector is affected by the dynamics of innovation, institutions, and public policy. It contributes both theoretically and empirically to the increasingly influential Schumpetarian framework in industrial economics, which places innovation at the centre of the analysis of competition. Both quantitative and qualitative studies are included, and this varied perspective adds to the richness of the volume's insights. The contributors explore different ideas regarding the historical evolution of technology in the sector, and how firms and industry structure have co-evolved with innovation dynamics. Important policy questions are considered regarding the future of innovation in this sector and its impact on the economy.
 

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Contents

Pharmaceutical innovation as a process
21
by year of FDA approval page
47
The evolution of pharmaceutical innovation
73
Firm and regional determinants in innovation
112
patents in biotechnology and traditional
126
a comment
145
Heterogeneity and firm growth in
163
industry
178
Growth and diversification patterns of the worldwide
208
historyfriendly model of the evolution
234
a comment
266
The effects of research tool patents and licensing
277
the case
327
Competition regulation and intellectual property
346
The dynamics of knowledge accumulation regulation
402
Index
432

industry
197

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