We analyze the role of electricity storage for technological innovations in electricity generation. We propose a directed technological change model of the electricity sector, where innovative firms develop better electricity storage solutions, which affect not only the relative competitiveness...

Electricity plays an important role in the socioeconomic growth and social prosperity of any country. It is to be considered as the basic need for human development. Nowadays, low production of electricity is a serious problem in Pakistan, which directly restricts the development of the state....