R&D Drop in European Utilities - Should We Care About it?
暂无分享,去创建一个
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.
[1] Alessandro Sterlacchini. Ricerca e alta tecnologia in Italia: le basi per un rilancio , 2004 .
[2] James J. Dooley,et al. Unintended consequences: energy R&D in a deregulated energy market , 1998 .
[3] M. Florio. The Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997 , 2004 .