What drives innovation? Lessons from COVID-19 R&D
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DOI: 10.1016/j.jhealeco.2022.102591
Abstract: This paper studies the global R&D effort to fight the deadliest diseases. We find: (1) the elasticity of R&D effort with respect to market size is about 1/2 in the cross-section of diseases; (2) given this… read more here.
Keywords: elasticity; drives innovation; innovation lessons; lessons covid ... See more keywords