Co-Evolutionary Innovation Patterns in the Pharmaceutical Industry Since 1888

ISRICH Working Paper No. 05

22 Pages Posted: 5 Aug 2008

See all articles by Oliver Eger

Oliver Eger

University of Augsburg

Horst Hanusch

University of Augsburg - Faculty of Business and Economics

Andreas Pyka

University of Augsburg

Date Written: July 7, 2008

Abstract

This paper examines the relation between the innovation output from universities and the innovation output from industry on a historic-empirical data base in the pharmaceutical industry. We suggest a stable cross-country pattern of innovation output to exist where public funded universities act as a trigger for new scientific developments, opening the way for a new industry to emerge. Our results highlight the importance of publicly funded basic research for future socio-economic benefits.

Keywords: Basic science, innovation, economic development, pharmaceutical industry, history, co-evolution

JEL Classification: N00, O00

Suggested Citation

Eger, Oliver and Hanusch, Horst and Pyka, Andreas, Co-Evolutionary Innovation Patterns in the Pharmaceutical Industry Since 1888 (July 7, 2008). ISRICH Working Paper No. 05, Available at SSRN: https://ssrn.com/abstract=1203525 or http://dx.doi.org/10.2139/ssrn.1203525

Oliver Eger (Contact Author)

University of Augsburg ( email )

Universitätsstr. 2
Augsburg, 86159
Germany

Horst Hanusch

University of Augsburg - Faculty of Business and Economics ( email )

Augsburg, 86135
Germany

Andreas Pyka

University of Augsburg ( email )

Augsburg, 86135
Germany

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