{"id":"https://openalex.org/W517950","doi":null,"title":"Inferring the value of medical research to the UK","display_name":"Inferring the value of medical research to the UK","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W517950","mag":"517950"},"language":"en","primary_location":{"id":"pmh:oai:eprints.lse.ac.uk:22632","doi":null,"is_oa":true,"landing_page_url":"https://orcid.org/0000-0002-5367-9841>","pdf_url":"http://eprints.lse.ac.uk/22632/1/LSEHWP5.pdf","source":{"id":"https://openalex.org/S4306401593","display_name":"London School of Economics and Political Science Research Online (London School of Economics and Political Science)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I909854389","host_organization_name":"London School of Economics and Political Science","host_organization_lineage":["https://openalex.org/I909854389"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Monograph"},"volume":null,"type":"book","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://eprints.lse.ac.uk/22632/1/LSEHWP5.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024552865","display_name":"Alistair J McGuire","orcid":"https://orcid.org/0000-0002-5367-9841","observed_orcids":["https://orcid.org/0000-0002-5367-9841"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alistair McGuire","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-5367-9841","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5066343441","display_name":"Maria Raikou","orcid":"https://orcid.org/0000-0003-3480-7796","observed_orcids":["https://orcid.org/0000-0003-3480-7796"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Maria Raikou","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-3480-7796","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.4064,"has_fulltext":true,"cited_by_count":3,"citation_normalized_percentile":{"value":0.76560818,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12781","display_name":"Global Health Care Issues","score":0.8148999810218811,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12781","display_name":"Global Health Care Issues","score":0.8148999810218811,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10804","display_name":"Health Systems, Economic Evaluations, Quality of Life","score":0.11150000244379044,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12168","display_name":"Health and Medical Research Impacts","score":0.05079999938607216,"subfield":{"id":"https://openalex.org/subfields/2739","display_name":"Public Health, Environmental and Occupational Health"},"field":{"id":"https://openalex.org/fields/27","display_name":"Medicine"},"domain":{"id":"https://openalex.org/domains/4","display_name":"Health Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/value-of-life","display_name":"value of life","score":0.9089999794960022},{"id":"https://openalex.org/keywords/life-cycle-consumption","display_name":"life-cycle consumption","score":0.7229999899864197},{"id":"https://openalex.org/keywords/health-care-expenditure","display_name":"health care expenditure","score":0.6489999890327454},{"id":"https://openalex.org/keywords/r-d-investment","display_name":"R&D investment","score":0.6000000238418579}],"concepts":[{"id":"https://openalex.org/C133925201","wikidata":"https://www.wikidata.org/wiki/Q188419","display_name":"Life expectancy","level":3,"score":0.732077956199646},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.500633716583252},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.49521151185035706},{"id":"https://openalex.org/C2780646309","wikidata":"https://www.wikidata.org/wiki/Q1151380","display_name":"Netting","level":2,"score":0.483476459980011},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.47607749700546265},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.45980989933013916},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.44150370359420776},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.34232091903686523},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.2986357510089874},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.2729569673538208},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.19719597697257996},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.1719154715538025},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15614748001098633},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:eprints.lse.ac.uk:22632","doi":null,"is_oa":true,"landing_page_url":"https://orcid.org/0000-0002-5367-9841>","pdf_url":"http://eprints.lse.ac.uk/22632/1/LSEHWP5.pdf","source":{"id":"https://openalex.org/S4306401593","display_name":"London School of Economics and Political Science Research Online (London School of Economics and Political Science)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I909854389","host_organization_name":"London School of Economics and Political Science","host_organization_lineage":["https://openalex.org/I909854389"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Monograph"},{"id":"pmh:oai:researchonline.lse.ac.uk:22632","doi":null,"is_oa":true,"landing_page_url":"https://orcid.org/0000-0002-5367-9841>","pdf_url":"https://researchonline.lse.ac.uk/id/eprint/22632/1/LSEHWP5.pdf","source":{"id":"https://openalex.org/S4306401593","display_name":"London School of Economics and Political Science Research Online (London School of Economics and Political Science)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I909854389","host_organization_name":"London School of Economics and Political Science","host_organization_lineage":["https://openalex.org/I909854389"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working paper"},{"id":"mag:517950","doi":null,"is_oa":false,"landing_page_url":"http://www.lse.ac.uk/LSEHealthAndSocialCare/pdf/LSEHealthworkingpaperseries/LSEHWP5.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:eprints.lse.ac.uk:22632","doi":null,"is_oa":true,"landing_page_url":"https://orcid.org/0000-0002-5367-9841>","pdf_url":"http://eprints.lse.ac.uk/22632/1/LSEHWP5.pdf","source":{"id":"https://openalex.org/S4306401593","display_name":"London School of Economics and Political Science Research Online (London School of Economics and Political Science)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I909854389","host_organization_name":"London School of Economics and Political Science","host_organization_lineage":["https://openalex.org/I909854389"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Monograph"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320307765","display_name":"Pfizer","ror":"https://ror.org/01xdqrp08"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W517950.pdf","grobid_xml":"https://content.openalex.org/works/W517950.grobid-xml"},"referenced_works_count":8,"referenced_works":["https://openalex.org/W21924356","https://openalex.org/W1986073647","https://openalex.org/W2090461767","https://openalex.org/W2100611346","https://openalex.org/W2129688763","https://openalex.org/W2137752316","https://openalex.org/W2147083737","https://openalex.org/W3125526623"],"related_works":["https://openalex.org/W7112132152","https://openalex.org/W7096363275","https://openalex.org/W2036261898","https://openalex.org/W2981271389","https://openalex.org/W2783303183","https://openalex.org/W2259222505","https://openalex.org/W2052161345","https://openalex.org/W4244440125","https://openalex.org/W4211057689","https://openalex.org/W631799478"],"abstract_inverted_index":{"The":[0,128],"aim":[1],"of":[2,21,45,67,79,92,125,146],"this":[3,55,249],"paper":[4],"is":[5,57,102,118,178],"to":[6,10,48,63,70,173,182,209,219,248],"estimate":[7,232],"the":[8,11,19,25,34,43,68,83,90,96,99,121,126,134,140,155,165,176,180,198,213,231,239],"return":[9,208],"UK":[12,84,97,141],"from":[13,51,224],"health":[14,114,221],"sector":[15],"R&D":[16,52,211,226],"drawing":[17],"on":[18,158,238],"value":[20,78,91],"life":[22,74,80,204],"methodology":[23],"and":[24,29,85],"work":[26],"by":[27],"Murphy":[28],"Topel":[30],"(2003).":[31],"While":[32,187],"acknowledging":[33],"caveats":[35],"arising":[36,223],"in":[37,59,87,95,167,203,216,230],"making":[38],"such":[39,183,188],"calculations,":[40],"not":[41,163,228],"least":[42,61],"lack":[44],"consideration":[46],"given":[47,196],"spillover":[49],"effects":[50],"undertaken":[53],"elsewhere,":[54],"method":[56],"useful":[58],"at":[60,104],"attempting":[62],"initiate":[64],"a":[65,207,235],"quantification":[66],"returns":[69,181],"medical":[71,159,174,210,225],"R&D.":[72],"Using":[73],"cycle":[75],"consumption":[76],"information,":[77],"estimates":[81,240],"for":[82,133],"changes":[86],"survival":[88],"probabilities,":[89],"improved":[93,220],"longevity":[94,168],"over":[98,154,212],"years":[100],"1970-2000":[101],"estimated":[103,129],"approximately":[105,119],"\u00a32.84":[106],"trillion,":[107],"or":[108],"\u00a32.58":[109],"trillion":[110,153],"after":[111],"netting":[112],"out":[113],"care":[115],"expenditure.":[116],"This":[117],"double":[120],"current":[122],"yearly":[123],"GDP":[124,148],"UK.":[127],"gains":[130,166,189,202,215],"are":[131,185,227],"greatest":[132],"period":[135],"1980-":[136],"1990.":[137],"Given":[138],"that":[139,179,197],"spends":[142],"less":[143],"than":[144],"0.5%":[145],"its":[147],"per":[149],"annum":[150],"(approximating":[151],"\u00a30.2":[152],"30-year":[156],"period)":[157],"R&D,":[160,175],"while":[161],"clearly":[162],"all":[164,201],"can":[169],"be":[170,191],"attributed":[171],"solely":[172],"inference":[177],"investments":[184],"substantial.":[186],"might":[190],"considered":[192],"an":[193,245],"upper":[194],"estimate,":[195],"approach":[199],"attributes":[200],"expectancy":[205],"as":[206,241,243],"period,":[214],"morbidity":[217],"attributable":[218],"delivery":[222],"included":[229],"thus":[233],"imparting":[234],"downward":[236],"bias":[237],"well":[242],"highlighting":[244],"obvious":[246],"extension":[247],"research.":[250]},"counts_by_year":[{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-06T12:05:46.655746","created_date":"2016-06-24T00:00:00"}
