Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/37088
Authors: 
Bottazzi, Giulio
Plotnikova, Tatiana
Year of Publication: 
2010
Series/Report no.: 
Jena economic research papers 2010,044
Abstract: 
This paper aims to investigate the effect of knowledge characteristics on the total factor productivity of firms developing drugs in the pharmaceutical industry. We decompose knowledge into knowledge associated with the technological firm portfolio and knowledge related to R&D projects, which represent drug development at the clinical testing stage. The latter is attributed to the knowledge of relevant markets where the drugs will be sold. The results show that the effect of technological coherence vs. market coherence and of accumulated knowledge on the productivity of firms differs. Productivity increases with the number of patents and decreases with the patent diversity and project portfolio coherence. When considering only the project knowledge, the diversity of the project portfolio positively affects productivity.
Subjects: 
total factor productivity
diversity
coherence
knowledge
JEL: 
D24
O32
L25
L65
Document Type: 
Working Paper

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