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An overview of science and cents: exploring the economics of biotechnology

Author

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  • John V. Duca
  • Mine K. Yücel

Abstract

This article provides an overview of the conference "Science and Cents: Exploring the Economics of Biotechnology," hosted by the Federal Reserve Bank of Dallas in April 2002. The conference brought together distinguished experts who spoke about economic and scientific issues surrounding biotechnology. In this article, John Duca and Mine Yücel summarize the presentations made at the conference. Topics covered include funding, location, and legal issues confronting the biotech industry. The interdisciplinary nature of biotech research, along with recent advances and future applications, is also discussed.

Suggested Citation

  • John V. Duca & Mine K. Yücel, 2002. "An overview of science and cents: exploring the economics of biotechnology," Economic and Financial Policy Review, Federal Reserve Bank of Dallas.
  • Handle: RePEc:fip:fedder:y:2002:n:v.1no.3
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    File URL: http://dallasfed.org/assets/documents/research/efpr/v01_n03_a01.pdf
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    References listed on IDEAS

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    1. Frank R. Lichtenberg, 2003. "The benefits to society of new drugs: a survey of the econometric evidence," Proceedings, Federal Reserve Bank of Dallas, issue Sep, pages 43-59.
    2. Lynne G. Zucker & Michael R. Darby & Jeff S. Armstrong, 2003. "Commercializing knowledge: university science, knowledge capture and firm performance in biotechnology," Proceedings, Federal Reserve Bank of Dallas, issue Sep, pages 149-170.
    3. Michael R. Darby & Lynne G. Zucker, 2003. "Growing by leaps and inches: creative destruction, real cost reduction, and inching up," Proceedings, Federal Reserve Bank of Dallas, issue Sep, pages 13-42.
    4. Malcolm Gillis, 2003. "Harnessing new technologies for the 21st century," Proceedings, Federal Reserve Bank of Dallas, issue Sep, pages 63-75.
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    Keywords

    Biotechnology;

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