Liberalisation and R&D in network industries: The case of the electricity industry
By Tooraj Jamasb, Michael Pollitt. 2008
171 citations recorded by the source corpus.
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.
Subfields: Accounting, Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/c9247cc0b787e04c269d09665759477faf775cd6
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Citations in the corpus
- A review of the value of aggregators in electricity systems (2017, background): “[29] further find a decrease in electricity sector wide R&D attributable to retail competition, while Jamasb and Pollitt [30] find a decrease in electricity network R&D following the introduction of competition.”
- Infrastructure transformation as a socio-technical process — Implications for the governance of energy distribution networks in the UK (2015, unknown): “This drive for short term cost and operational efficiencies since liberalisation has been partially responsible for a drop-off in basic R&D funding across the wider energy sector [50,51].”
- The EU internal electricity market: Done forever? (2014, background): “As discussed in [44], evidence suggests that past reforms in the power sector have led to a decline in R&D expenditures.”