What Drives Innovation? : Lessons from COVID-19 R and D /

To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and presents four results. We find: (1) global pharmaceutical R and D activity-measured by clinical trials-typically follows the 'law of diminishing effort': id est the elasti...

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Detalhes bibliográficos
Autor principal: Agarwal, Ruchir
Outros Autores: Gaule, Patrick
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2021.
Colecção:IMF Working Papers; Working Paper ; No. 2021/048
Assuntos:
Acesso em linha:Full text available on IMF

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