Liberalisation and R&D in network industries: The case of the electricity industry
Electricity sector liberalisation has coincided with a significant decline in R&D spending. This paper reviews the industrial organisation literature on R&D and innovation to explore the likely causes of the decline in R&D spending in the electricity sector. Meanwhile, R&D productivity and innovative outputs in utilities and equipment suppliers appear to have improved. However, a lasting decline in R&D expenditure can have a negative long-term effect on technological progress and innovation in the sector. We conclude that the decline in R&D could have been predicted from the literature. We also discuss the need to reorient the post-liberalisation technology policy.
Year of publication: |
2008
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Authors: | Jamasb, Tooraj ; Pollitt, Michael |
Published in: |
Research Policy. - Elsevier, ISSN 0048-7333. - Vol. 37.2008, 6-7, p. 995-1008
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Publisher: |
Elsevier |
Saved in:
Online Resource
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