factors of success in drug development programs at different stages of innovation process. We use economies of scale, scope, R … a project differs in relation to the discovery and development stages of innovation, respectively. Our main finding is … discovery stage of innovation, while in the later development stage, the effects of competition outweigh any benefits from …

demographic aging mainly increasing the older workforce and shrinking the younger one, our results imply that innovation levels in … of the innovation gap across German regions. …

leadership. Apart from this strategic advantage we observe that foreign external sources of innovation are generally not superior …