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

Alessandro Sterlacchini ()

No 06-19, DRUID Working Papers from DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies

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.

Keywords: R&D performance; energy and telecommunication utilities (search for similar items in EconPapers)
JEL-codes: L50 L97 O32 O38 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-eec, nep-ene and nep-ino
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Citations: View citations in EconPapers (8)

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Working Paper: The R&D drop in European utilities. Should we care about it? (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:aal:abbswp:06-19

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