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Subject(s)
Economics, politics and business environment
Keyword(s)
Innovation, research, collaboration, performance, electricity, energy
Using a production function approach based on Cobb–Douglas, this analysis relates R&D efforts of 32 electric utilities on both sides of the Atlantic to their performance in terms of labour productivity. We find that higher R&D levels generally have a positive impact on revenues. However, only in the sub-sample of 16 electricity suppliers in Europe this effect is significant. Knowledge spill-over effects can be estimated for the US American sub-sample, since US utilities have bundled their R&D efforts in a centralized research institution and have to report that data. Our analysis reveals, though, that collaborative research efforts do not lead to positive spill-overs at the assumption of a time delay of one year.
Copyright © 2015 Elsevier Ltd. All rights reserved
Volume
86
Journal Pages
351–359
Journal Article
Economics and Policy of Energy and the Environment 2: 131–155
Jérôme Massiani, Jens Weinmann (2012)
Subject(s)
Economics, politics and business environment; Management sciences, decision sciences and quantitative methods; Technology, R&D management
Keyword(s)
electric cars, emission, electricity, regulation
JEL Code(s)
Q42, R42
Journal Pages
131–155
Journal Article
Journal of Cleaner Production 15 (2): 112–114
Subject(s)
Economics, politics and business environment
Keyword(s)
regulation, electricity, infrastructure, development economics, government policy
JEL Code(s)
P5, O5, Q43, Q48
With permission of Elsevier
Volume
15
Journal Pages
112–114