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Emergence of Electricity Utilities: Agglomeration Externalities and Industry Dynamics

Year: 2025

Type: article

Abstract: Prior studies highlight a trade-off between Marshallian and Jacobean agglomeration externalities in fostering new firms, yet their interaction and evolution alongside industry dynamics are less understood. This study examines the emergence of electricity utilities from 1985 to the present, analyzing 962 regions across 14 European countries. Findings reveal that while both externalities were crucial during early liberalization phases, their interaction initially hindered firm entry, with effects diminishing over time. Additionally, the study underscores the importance of green policies in supporting sector growth.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14957717

Authors: Kundu, Vidit, Roy, Debraj, Ehrenhard, Michel, Pfeffer, Karin

Institutions: University of Twente, University of Amsterdam

Language: English

Topic: Regional Economics and Spatial Analysis

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: green

OpenAlex ID: W6967885854

FWCI: 0.939

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Cited by: 1

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