Comparison of external R&D and internal R&D: Based on the perspective of S&T development of China's pharmaceutical manufacturing industry.

ABSTRACT:

Purpose

The science and technology (S&T) innovation in China's pharmaceutical industry has entered a bottleneck. The choice between external and internal research and development (R&D) has become a significant challenge for S&T development. To provide scientific suggestions for companies to choose an R&D strategy and enhance S&T development, we analyzed and compared the impacts of two R&D strategies on S&T output.

Methods

We selected the data related to China's pharmaceutical manufacturing industry from 2000 to 2019, established regression equations by the E-G two-step method, and used the VAR model for impulse responses and variance decompositions to research the relationship between two R&D strategies and S&T output.

Results

There is a stable long-term equilibrium r

SUBMITTER: Wu D 

PROVIDER: S-EPMC9216584 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature