2009 Fiscal Year Final Research Report

Micro data analysis about the impact of policy-induced change in competitive environment on innovation

Research Project

Project/Area Number	20730165
Research Category	Grant-in-Aid for Young Scientists (B)
Allocation Type	Single-year Grants
Research Field	Applied economics
Research Institution	Tokyo Keizai University
Principal Investigator	NAKAMURA Tsuyoshi Tokyo Keizai University, 経済学部, 准教授 (60323812)
Project Period (FY)	2008 – 2009
Keywords	イノベーション / ミクロデータ / 医薬品産業 / 経済制度 / 企業の異質性 / 研究開発の生産性
Research Abstract	In 1998, the Japanese system of reviewing new ethical drugs has drastically changed in favor of exploiting the results from clinical trials conducted abroad. After this institutional change, foreign companies, who can conduct clinical trials abroad in advance, became less dependent on cooperative development with Japanese pharmaceutical companies. Success probability of cooperative drug development is higher when foreign companies participated in the project. This higher rate of success is mainly due to their appropriate choice of cooperating partners, rather than their advantage that they can get a head start by finalizing clinical trials abroad in advance.

(2 results)