Energy R&D in private and state-owned utilities: An analysis of the major world electric companies
AbstractThe last two decades have witnessed a staggering decline of R&D investment in the fields of energy and electricity. This paper contends that this widespread phenomenon is mainly ascribable to the processes of liberalization and privatization of electricity markets, which have induced electric utilities to dramatically reduce R&D expenditures. A closer inspection to recent data concerned with ten major electric companies of the world shows that the drop of research expenditures was particularly strong among the private or newly-privatized companies. Instead, those that remained under public control did not reduce remarkably their R&D efforts. According to the widely recognized need of a surge of energy R&D, the policy implications of the above findings are discussed.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 41 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/enpol
Energy R&D; Electric utilities; Public and private enterprises;
Other versions of this item:
- Sterlacchini, Alessandro, 2010. "Energy R&D in private and state-owned utilities: an analysis of the major world electric companies," MPRA Paper 20972, University Library of Munich, Germany.
- Alessandro STERLACCHINI, 2010. "Energy R&D in private and state-owned utilities: an analysis of the major world electric companies," Departmental Working Papers 2010-29, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
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