Go to the Mian menu
Go to the Mian menu

Occasional Paper SeriesKIET Korea Institute for Industrial Economics and Trade

  • home
  • Publications
  • Occasional Paper Series

The Innovation Performance and its Determinants of Korean Pharmaceutical Industry

Author 문혜선 Date 2011.12.20 Page 45
File pdf
The pharmaceutical industry has become one of the most powerful and potential industry
for the economic growth in the world. Accordingly, many countries have increased
research and development (R&D) investment with the goal of producing new drugs.
As R&D in the pharmaceutical industry became increasingly important, so did the
evaluation of the effectiveness and efficiency of expanding R&D investment. Evaluating
and managing R&D efficiency are essential for enhancing the performance produced by
R&D activities.
However, only a few studies on evaluating R&D efficiency quantitatively have been
conducted so far because of the complexity and uncertainty of R&D activity.