作者
Fernando Gascón, Jesús Lozano, Borja Ponte, David de la Fuente
发表日期
2017/6
期刊
The European Journal of Health Economics
卷号
18
页码范围
587-608
出版商
Springer Berlin Heidelberg
简介
This paper evaluates the relative efficiency of a sample of 37 large pharmaceutical laboratories in the period 2008–2013 using a data envelopment analysis (DEA) approach. We describe in detail the procedure followed to select and construct relevant inputs and outputs that characterize the production and innovation activity of these pharmaceutical firms. Models are estimated with financial information from Datastream, including R&D investment, and the number of new drugs authorized by the European Medicines Agency (EMA) and the US Food and Drug Administration (FDA) considering the time effect. The relative performances of these firms—taking into consideration the strategic importance of R&D—suggest that the pharmaceutical industry is a highly competitive sector given that there are many laboratories at the efficient frontier and many inefficient laboratories close to this border. Additionally, we …
学术搜索中的文章
F Gascón, J Lozano, B Ponte, D de la Fuente - The European Journal of Health Economics, 2017