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The R&D drop in European utilities. Should we care about it?

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  • Sterlacchini, Alessandro

Abstract

By using accounting data from the largest utility companies of Europe, this note illustrates the recent R&D performance in energy and telecommunication. Although not all the companies under consideration behaved symmetrically, most of them reduced substantially their R&D investment. Over the period 2000-05, their total R&D expenditures at current prices decreased by 33%, while their R&D intensity (on sales) diminished from 1.1 to 0.7%. In discussing the above findings, it is argued that a drop of this size is hardly justifiable and weakens the EU economy in a non-negligible manner.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 31.

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Date of creation: 18 Sep 2006
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Handle: RePEc:pra:mprapa:31

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Keywords: R&D performance; energy and telecommunication utilities;

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References

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  1. Dooley, J J, 1998. "Unintended consequences: energy R&D in a deregulated energy market," Energy Policy, Elsevier, vol. 26(7), pages 547-555, June.
  2. Sterlacchini Alessandro, 2004. "Ricerca e alta tecnologia in Italia: le basi per un rilancio," L'industria, Società editrice il Mulino, issue 4, pages 675-706.
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Cited by:
  1. AGRELL, Per & BOGETOFT, Peter, 2011. "Smart-grid investments, regulation and organization," CORE Discussion Papers 2011072, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Tsatsos, Aristidis, 2012. "Die Liberalisierung des russischen Gassektors: 3 Szenarios?
    [The liberalisation of the Russian gas sector: 3 scenarios?]
    ," MPRA Paper 44623, University Library of Munich, Germany.

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