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Demand-Driven Growth

this post authored by Marek Ignaszak and Petr Sedlacek To gauge the efficacy of policies aimed at spurring growth, we must first fully understand the sources of aggregate growth. This column argues that understanding the drivers of economic growth requires paying attention not only to productivity and R&D dynamics at the firm level, but also to changes in demand for firms’ products. The authors provide a new perspective on commonly used supply-side pro-growth policies and open the door to analysing demand-side policies such as public procurement or product market regulation, which have been present in the policy debate but have largely escaped academic circles.

Investigation finds nearly half of drugs granted FDA fast track approval lack proven clinical benefit

Process plagued by missing efficacy data and questionable evidence Some experts argue that FDA’s standards for evidence are too low Since the US Food and Drug Administration (FDA) established its accelerated approval pathway for drugs in 1992, nearly half (112) of the 253 drugs authorised have not been confirmed as clinically effective, an investigation by The BMJ has found. Elisabeth Mahase, clinical reporter at The BMJ, carried out an in depth analysis of FDA data up to 31 December 2020 and found that of these 112 drugs approved in the last 28 years a fifth (24) have been on the market for more than five years and some have been on the market for more than two decades – often with a hefty price tag.

Diabetes drug s new weight loss formula fuels cost-benefit debate

Diabetes drug s new weight loss formula fuels cost-benefit debate
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