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Srinivas, Smita and Kale, Dinar
(2022).
DOI: https://doi.org/10.1080/2157930x.2021.2000145
Abstract
This paper offers a first step to analysing sub-sector variation in firms’ learning and the types of leads or lag in industrial regulation in the Indian health industry, one of the world’s largest and broadest suppliers in critical generics, vaccines, and diagnostics. Sub-sector variation in an industry’s learning and regulation trajectory has received relatively little attention in economic development literature and has potentially important consequences for the design of the industrial policy. Our argument rests on the transfer of complexity of learning in a sub-sector to generic industrial regulations. The paper appeals to evolutionary and institutional (E-I) approaches in economics, which have made significant contributions in improving the understanding of how firms learn, and applies a qualitative heuristic focused on co-evolving institutional domains to extract some insights from the dynamics of the diagnostics and devices sector. The paper finds that although firms continue to learn and innovate, persistent regulatory challenges to firms are generated by the misapplication of industrial policies to diagnostics and devices that were intended for pharmaceuticals and vaccines. Our findings suggest sub-sector specific changes are needed on value priorities for policy design, use, and regulation of diagnostics and devices in healthcare.
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- Item ORO ID
- 81973
- Item Type
- Journal Item
- ISSN
- 2157-9318
- Project Funding Details
-
Funded Project Name Project ID Funding Body Innovation for Cancer Care in Africa (ICCA) project ES/S000658/1) Economic and Social Research Council (ESRC) - Keywords
- Political Science and International Relations, Sociology and Political Science, Development, Education, Cultural Studies, Geography, Planning and Development
- Academic Unit or School
-
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Economics
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Development - Research Group
- Global Challenges and Social Justice
- Copyright Holders
- © 2021 The Authors
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