In the United States, all newly developed drugs undergo a lengthy review process conducted by the Federal Food and Drug Administration (FDA). These regulatory delays are costly for drug manufacturers and patients. We collected data on review times of drugs approved between 1999 and 2005 and...

This paper models the launch decision of pharmaceutical companies in regard to new drugs and country markets. New drugs are launched with a delay or not launched at all in many countries. Considering that many of these new drugs would have created health benefits to the patients, there seems to...

This work extends prior research that finds drug development is driven by demand factors such as mortality rates of the diseases new drugs are aimed at. Here we find that the number of drugs in the development pipeline is strongly positively related to the price of existing drugs treating those...

We analyze the influence of technological progress on pharmaceuticals on rising health expenditures using US State level panel data. Improvements in medical technology are believed to be partly responsible for rapidly rising health expenditures. Even if the technological progress in medicine...

The aim of this study is to investigate the effects of instruction in a students' non-native language on the academic success of university students. To analyze the effect of medium of instruction language on student success, we utilized the data from a Turkish university. The university has...

Using data for 67 countries for the period 1980-2005, we analyze to what extent do the decisions of having nuclear power and the share of nuclear energy in total energy use depend on economic, politic, social and geographic factors. Our econometric model that takes the selectivity problems of...

Using data for 67 countries for the period 1980-2005, we analyze to what extent do the decisions of having nuclear power and the share of nuclear energy in total energy use depend on economic, politic, social and geographic factors. Our econometric model that takes the selectivity problems of...

In this paper, we investigate the indirect economic effects of the Hizmet movement. Participants of the Hizmet movement have spread all around the world, opening various types of educational institutions (more than a thousand) ranging from kindergartens to universities since the early 1990s. The...