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COVID-19: Insights from Innovation Economists


  • Dominique Foray

    (Ecole polytechnique federale de Lausanne)

  • Gaetan de Rassenfosse

    (Ecole polytechnique federale de Lausanne)

  • George Abi Younes

    (Ecole polytechnique federale de Lausanne)

  • Charles Ayoubi

    (Ecole polytechnique federale de Lausanne)

  • Omar Ballester

    (Ecole polytechnique federale de Lausanne)

  • Gabriele Cristelli

    (Ecole polytechnique federale de Lausanne)

  • Matthias van den Heuvel

    (Ecole polytechnique federale de Lausanne)

  • Ling Zhou

    (Ecole polytechnique federale de Lausanne)

  • Gabriele Pellegrino

    (Ecole polytechnique federale de Lausanne)

  • Patrick Gaulé

    (University of Bath)

  • Elizabeth Webster

    (Swinburne University of Technology)


The present document provides the take of innovation economists on the current pandemic. It is addressed to the general public and focuses on questions related to the Science, Technology, and Innovation (STI) ecosystem. It does not present new research findings. Instead, it provides a reading of current real-world developments using economic reasoning and relying on existing economic research.

Suggested Citation

  • Dominique Foray & Gaetan de Rassenfosse & George Abi Younes & Charles Ayoubi & Omar Ballester & Gabriele Cristelli & Matthias van den Heuvel & Ling Zhou & Gabriele Pellegrino & Patrick Gaulé & Elizab, 2020. "COVID-19: Insights from Innovation Economists," Working Papers 10, Chair of Innovation and IP Policy.
  • Handle: RePEc:iip:wpaper:10

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    • Younes, George Abi & Ayoubi, Charles & Ballester, Omar & Cristelli, Gabriele & de Rassenfosse, Gaetan & Foray, Dominique & Gaule, Patrick & Pellegrino, Gabriele & van den Heuvel, Matthias & Webster, B, 2020. "COVID-19_Insights from Innovation Economists," SocArXiv b5zae, Center for Open Science.

    References listed on IDEAS

    1. Nicholas Bloom & Charles I. Jones & John Van Reenen & Michael Webb, 2020. "Are Ideas Getting Harder to Find?," American Economic Review, American Economic Association, vol. 110(4), pages 1104-1144, April.
    2. Lewis Tracy R. & Reichman Jerome H. & So Anthony D., 2007. "The Case for Public Funding and Public Oversight of Clinical Trials," The Economists' Voice, De Gruyter, vol. 4(1), pages 1-4, January.
    3. Scherer, F.M., 2010. "Pharmaceutical Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 539-574, Elsevier.
    4. Hud, Martin & Hussinger, Katrin, 2015. "The impact of R&D subsidies during the crisis," Research Policy, Elsevier, vol. 44(10), pages 1844-1855.
    5. Andreoli-Versbach, Patrick & Mueller-Langer, Frank, 2014. "Open access to data: An ideal professed but not practised," Research Policy, Elsevier, vol. 43(9), pages 1621-1633.
    6. Michele Cincera & Claudio Cozza & Alexander Tübke & Peter Voigt, 2011. "Doing R&D or Not (in a Crisis), That Is the Question …," European Planning Studies, Taylor & Francis Journals, vol. 20(9), pages 1525-1547, February.
    7. Peter W. Roberts, 1999. "Product innovation, product–market competition and persistent profitability in the U.S. pharmaceutical industry," Strategic Management Journal, Wiley Blackwell, vol. 20(7), pages 655-670, July.
    8. Sybille van den Hove & Marc Le Menestrel & Henri-Claude de Bettignies, 2002. "The oil industry and climate change: strategies and ethical dilemmas," Climate Policy, Taylor & Francis Journals, vol. 2(1), pages 3-18, March.
    9. Paul M. Romer, 2010. "What Parts of Globalization Matter for Catch-Up Growth?," American Economic Review, American Economic Association, vol. 100(2), pages 94-98, May.
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    Cited by:

    1. Rolando Fuentes & Marzio Galeotti & Alessandro Lanza & Baltasar Manzano, 2020. "COVID-19 and Climate Change: A Tale of Two Global Problems," Sustainability, MDPI, Open Access Journal, vol. 12(20), pages 1-14, October.
    2. Massimo Riccaboni & Luca Verginer, 2021. "The Impact of the COVID-19 Pandemic on Scientific Research in the Life Sciences," Papers 2102.00497,
    3. Agarwal, Ruchir & Gaule, Patrick, 2021. "What Drives Innovation? Lessons from COVID-19 R&D," IZA Discussion Papers 14079, Institute of Labor Economics (IZA).

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    More about this item


    COVID-19; economics; innovation; policy;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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    This paper has been announced in the following NEP Reports:


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