Scale, Scope and Spillovers

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Excerpt from Scale, Scope and Spillovers: The Determinants of Research Productivity in Ethical Drug DiscoveryEconomies of scale and scope in the production of knowledge play an important role in the theory of the firm, and the belief that there are significant spillovers of knowledge across firms has assumed a central role in new theories of economic growth. But although a considerable body of historical evidence is consistent with the existence of scale and scope economies in research, econometric efforts to document their importance have generated surprisingly inconclusive and sometimes contradictory results. Evidence for the existence of spillovers, although quite compelling, is also unsatisfactorily incomplete given the importance of their role in modern theory.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.