Munich Personal RePEc Archive

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

Sterlacchini, Alessandro (2006): The R&D drop in European utilities. Should we care about it? Published in: DRUID Working Paper No. No. 06-19 (2006)

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_31.pdf

Download (206kB) | Preview

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.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.