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Decreasing R&D expenditures in the European energy industry and deregulation

Author

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  • Benoît Sévi

    (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Olivier Grosse

    (Institut Polytechnique LaSalle Beauvais)

Abstract

Since the middle of the 80s, particularly in Europe, the public energy R&D expenditures have noticeably slowed down. Meanwhile, the European deregulation of energy network activities and the consecutive restructuring of energy sectors has led companies to significantly reduce their R&D investments. What will be the consequences of the public and private declines in energy R&D on the output of new technical knowledge? We suggest that the private energy R&D restructuring might in the long term favour the exploitation strategies of companies to the detriment of their exploration strategies. We also examine whether specific incentives – intended to correct the present trend of energy R&D – have been and or should be implemented by the leading European countries.

Suggested Citation

  • Benoît Sévi & Olivier Grosse, 2013. "Decreasing R&D expenditures in the European energy industry and deregulation," Post-Print hal-01500859, HAL.
  • Handle: RePEc:hal:journl:hal-01500859
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    Keywords

    Economie quantitative;

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