Showing 1 - 10 of 19
Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the invention process promotes technological progress....
Persistent link: https://www.econbiz.de/10013065176
We use data from PubMed and other sources to examine the impact of public and private research support on premature (before ages 75, 65, and 55) cancer mortality and hospitalization, by estimating difference-in-differences models based on longitudinal, cancer-site-level data on about 30 cancer...
Persistent link: https://www.econbiz.de/10012960774
New ideas no longer fuel economic growth the way they once did. A popular explanation for stagnation is that good ideas are harder to find, rendering slowdown inevitable. We present a simple model of the lifecycle of scientific ideas that points to changes in scientist incentives as the cause of...
Persistent link: https://www.econbiz.de/10012841421
cancer was declared in 1971. We assess the contribution of pharmaceutical innovation to the increase in cancer survival rates …
Persistent link: https://www.econbiz.de/10013238747
We investigate the effect of therapeutic procedure innovation in general on the longevity of all hospital patients, i … patient-level data indicate that therapeutic procedure innovation increased the life expectancy of WA hospital patients by …-level data also indicate that therapeutic procedure innovation increased the life expectancy of WA hospital patients, but the …
Persistent link: https://www.econbiz.de/10013114013
I analyze the effects of four types of medical innovation and cancer incidence on U.S. cancer mortality rates during … that there were no pre‐dated factors that drove both innovation and mortality and that there would have been parallel … trends in mortality in the absence of innovation, the estimates indicate that there were three major sources of the 13 …
Persistent link: https://www.econbiz.de/10013070032
We perform an econometric analysis of the effect of new drug launches on longevity, using data from the IMS Health Drug Launches database and the WHO Mortality Database. Our data cover virtually all of the diseases borne by people in 52 countries during the period 1982-2001, and enable us to...
Persistent link: https://www.econbiz.de/10013245298
the health of Americans during the period 1990-2003. We hypothesize that, the more medical innovation there is related to … hypothesis, we estimate models of health outcomes using longitudinal disease-level data. We measure innovation in five types of … outpatient drug innovation had larger increases in mean age at death, controlling for other medical innovation rates and initial …
Persistent link: https://www.econbiz.de/10013247291
We update and extend our previous study of the effect of drug age -- years since FDA approval -- on total medical expenditure, in several respects. The estimates indicate that, in the entire population, a reduction in the age of drugs utilized reduces non-drug expenditure 7.2 times as much as it...
Persistent link: https://www.econbiz.de/10013249231
This paper presents an econometric analysis of the effect of changes in the quantity and type of pharmaceuticals prescribed by physicians in outpatient visits on rates of hospitalization, surgical procedure, mortality, and related variables. It examines the statistical relationship across...
Persistent link: https://www.econbiz.de/10013232009