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Alberto Galasso
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Journal Articles
Licensing Life-Saving Drugs for Developing Countries: Evidence from the Medicines Patent Pool
UnavailablePublisher: Journals Gateway
The Review of Economics and Statistics (2024) 106 (6): 1529–1541.
Published: 07 November 2024
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Abstract
View articletitled, Licensing Life-Saving Drugs for Developing Countries: Evidence from the Medicines Patent Pool
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for article titled, Licensing Life-Saving Drugs for Developing Countries: Evidence from the Medicines Patent Pool
We study the effects of the Medicines Patent Pool (MPP)—an institution that pools patents across geographical markets—on the licensing and adoption of life-saving drugs in low- and middle-income countries. We show the presence of an immediate and large increase in licensing when a patent is included in the MPP. We also show evidence that the pool increases actual entry and volume of sales, but these impacts are much smaller than on licensing, which is due to the geographic bundling of licenses. The paper highlights the potential of pools in promoting diffusion of biomedical innovation in developing countries.
Includes: Supplementary data
Journal Articles
Roads and Innovation
UnavailablePublisher: Journals Gateway
The Review of Economics and Statistics (2017) 99 (3): 417–434.
Published: 01 July 2017
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We exploit historical data on planned highways, railroads, and exploration routes as sources of exogenous variation in order to estimate the effect of interstate highways on regional innovation: a 10% increase in a region's stock of highways causes a 1.7% increase in regional patenting over a five-year period. In terms of the mechanism, we report evidence that roads facilitate local knowledge flows, increasing the likelihood that innovators access knowledge inputs from local but more distant neighbors. Thus, transportation infrastructure may spur regional growth above and beyond the more commonly discussed agglomeration economies predicated on an inflow of new workers.
Includes: Supplementary data