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Private and Public Investments in Biomedical Research

Author

Listed:
  • Maya M. Durvasula
  • Lisa Larrimore Ouellette
  • Heidi L. Williams

Abstract

Recent policy attention has focused on proposals to reduce prices for drugs that have received public funding. From an implementation perspective, such policies rely on public disclosure of government support for research. In this paper, we highlight two conceptual problems with past attempts to measure these public disclosures, and construct a new data set which corrects for these problems. Our corrected measures suggest that under-reporting of public research support is less of an issue than previously thought.

Suggested Citation

  • Maya M. Durvasula & Lisa Larrimore Ouellette & Heidi L. Williams, 2021. "Private and Public Investments in Biomedical Research," NBER Working Papers 28349, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:28349
    Note: AG EH PR
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    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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