Effects of Trade Related Intellectual Property Rights on the research and development expenditure of Indian pharmaceutical industry. Issue 2 (14th March 2014)

• Record Type: Journal Article
• Authors: Banerjee, Tannista; Nayak, Arnab
• Is Part Of: Journal of pharmaceutical health services research. Volume 5:Issue 2(2014:Jun.)
• Page Start: 89
• Page End: 94
• Publication Date: 2014-03-14
• Subjects: intellectual property -- pharmaceutical -- research and development; Pharmacy -- Research -- Periodicals; Drugs -- Research -- Periodicals; Medical care -- Research -- Periodicals; Public health -- Research -- Periodicals; Pharmaceutical industry -- Periodicals; Health Services Research -- Periodicals; Economics, Pharmaceutical -- Periodicals; 615.1072
• DOI: 10.1111/jphs.12050
• Languages: English
• ISSNs: 1759-8885

Abstract

Abstract: Objectives: This article investigates the factors that affect the research and development (R&D) expenditure of Indian pharmaceutical industry before and after the introduction of Trade Related Intellectual Property Rights, January 1995. Methods: The firm level data were obtained from the Prowess database published by Centre for Monitoring Indian Economy. Different econometric modelling techniques are used. Key findings and conclusions: Results show that a stricter intellectual property right regime increases the R&D investment of domestic and exporting firms. Results also show that firms with high marketing and advertising expenditure invest more in R&D. This indicates that more active firms performed more R&D.