Topic Research and Development

Acquiring R&D Projects: Who, When, and What? Evidence from Antidiabetic Drug Development

This paper analyzes M&A patterns of R&D projects in the antidiabetics industry. For this purpose, we construct a database with all corporate individual antidiabetics R&D projects over the period 1997 - 2017, and add detailed information on firms’ technology dimension using patent information, next to their position in product markets. This allows us to identify the identity of targets and acquirers ...

Mixed mid-term review for German traffic light coali-tion in the energy transition; significant effort needed to achieve targets

December 13, 2023 – The German traffic light coalition began its term two years ago with ambitious energy policy goals. Halfway through the legislative period, its track record is mixed. Good progress has been made in some areas, but in others a large gap between targets and the status quo remains. The Ampel-Monitor Energiewende by the German Institute for Economic Research (DIW Berlin) shows...

Self-Efficacy and Entrepreneurial Performance of Start-Ups

Self-efficacy reflects the self-belief that one can persistently perform difficult and novel tasks while coping with adversity. As such beliefs reflect how individuals behave, think, and act, they are key for successful entrepreneurial activities. While existing literature mainly analyzes the influence of the task-related construct of entrepreneurial self-efficacy, we take a different perspective and ...

Atomwende? Ja, bitte! Warum die Abkehr von der Atomenergie und eine gute Entsorgungspolitik die Energiewende in Deutschland befördern werden

Die Atomenergie bleibt gesellschaftlich umkämpft. Zum einen wird sie wieder als Zukunftstechnologie gehandelt, mit der vermeintlich klimafreundlich und ressourcenschonend Strom erzeugt werden kann. Zum anderen ist die Endlagerung von Atomabfällen noch nicht geregelt. Das Konzept der ,,atompolitischen Wende“ bringt ‐ analog zur Energiewende ‐ dieses Ringen auf den Punkt. Die ...

Agglomeration or Market Access? The Defining Factors of Firms' Location Choice

As research indicates a gap between complex scientific measures of accessibility and simpler proxies used by firms, this paper analyses the impact of several market access indicators on the location decision of firms. It compares the role of inter- and intra-industry agglomeration as proxies of access with a newly developed gravity-based indicator incorporating transport distances and industry relations. ...

Digitisation and Renaissance of the Manufacturing Industry in Major Cities: The Case of Berlin

The rise of digitisation will cause a major upheaval in the manufacturing industries, bringing changes to traditional industrial location patterns as well. In order to understand the direction these structural changes are taking, this paper analyses the start-up activity in the industrial sector. The frontrunners are metropolitan regions and in particular major cities such as Berlin or Munich. Furthermore, ...

De-Fueling Externalities: Causal Effects of Fuel Taxation and Mediating Mechanisms for Reducing Climate and Pollution Costs

This paper provides the most comprehensive assessment of how fuel taxation reduces climate and pollution externalities with a quasi-experimental evaluation of the world’s largest environmental tax reform. Leveraging multiple causal inference methods, we compare carbon and air pollutant emissions of the actual and counterfactual German transport sector following the 1999 eco-tax reform and demonstrate ...

The Value of a Loss: The Impact of Restricting Tax Loss Transfers

We study the economic consequences of anti-loss trafficking rules, which disallow theuse of loss carry-forwards as tax shield after a substantial ownership change. We usestaggered changes to anti-loss trafficking rules in the EU27 Member States, Norwayand United Kingdom from 1998 to 2019 and find that limiting the transfer of tax lossesreduces the number of M&As by 18%. The impairment is driven by ...

Digitalisation and Modernity of Capital Stock in Europe

Technological Relatedness and Industrial Transformation: Introduction to the Special Issue

This article introduces eleven research articles that connect concepts of technological relatedness and diffusion with the transformation of industrial and innovation systems. These studies focus on the role of knowledge spillovers, regional variations in innovation and performance, and the evolution of new technologies, such as green and digital technologies. Regional capabilities and ability to diversify ...