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The R&D Drop in European Utilities. Should we care about it?

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  • Alessandro Sterlacchini

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.

Suggested Citation

  • Alessandro Sterlacchini, 2006. "The R&D Drop in European Utilities. Should we care about it?," DRUID Working Papers 06-19, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  • Handle: RePEc:aal:abbswp:06-19
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    File URL: http://www3.druid.dk/wp/20060019.pdf
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    References listed on IDEAS

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    1. Alessandro Sterlacchini, 2004. "Ricerca e alta tecnologia in Italia: le basi per un rilancio," L'industria, Società editrice il Mulino, issue 4, pages 675-706.
    2. Dooley, J J, 1998. "Unintended consequences: energy R&D in a deregulated energy market," Energy Policy, Elsevier, vol. 26(7), pages 547-555, June.
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    Cited by:

    1. Sirin, Selahattin Murat & Erdogan, Fakir H., 2013. "R&D expenditures in liberalized electricity markets: The case of Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 491-498.
    2. Jamasb, Tooraj & Pollitt, Michael, 2008. "Liberalisation and R&D in network industries: The case of the electricity industry," Research Policy, Elsevier, vol. 37(6-7), pages 995-1008, July.
    3. Agrell, Per J. & Bogetoft, Peter & Mikkers, Misja, 2013. "Smart-grid investments, regulation and organization," Energy Policy, Elsevier, vol. 52(C), pages 656-666.
    4. 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.
    5. Emanuele BACCHIOCCHI & Massimo FLORIO & Marco GAMBARO, 2008. "Telecom prices, regulatory reforms, and consumers’ satisfaction: evidence for 15 EU countries," Departmental Working Papers 2008-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 20 Jun 2008.

    More about this item

    Keywords

    R&D performance; energy and telecommunication utilities;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General

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