-
DIW Discussion Papers 2128 / 2025
This paper provides empirical evidence on which M&A deals spur innovation, and which stifle it. To do so, we consider not only the product market position of the acquiring firm, but also the position of both target and acquirer in the technology space. Focusing on the antidiabetic drugs market, our dataset tracks the lifecycle and patenting of all individual antidiabetic projects in development between ...
2025| Jan Malek, Jo Seldeslachts, Reinhilde Veugelers
-
Non-refereed Articles
The European Union's economy is at a crossroads, facing challenges that threaten its competitiveness, long-term growth, and security. Despite a strong industrial base and high potential in innovation-driven sectors, the EU has yet to fully capitalise on its strengths.
In:
ECA Journal
1 (2025), S. 24-27
| Tomaso Duso
-
Other refereed articles
In Germany, the structural shift away from industry has long been much slower than in other similarly developed countries. Now, it is increasingly being shaped by global megatrends such as digitisation, decarbonisation, demographic change and changing international economic relations. There are significant regional differences in the adaptation processes: urban areas benefit from inno¬vation density ...
In:
Wirtschaftsdienst
105 (2025), 8,
| Thilo Kroeger, Claudia Schaffranka, Monika Schnitzer
-
Non-refereed Articles
The competitiveness of German industry is under significant pressure. While politiciansacknowledge the need for change, their proposed solutions remain vague and lack a clearstrategic direction. Current approaches focus on tax relief, broad investment subsidies fordomestic firms or targeted cost reductions, such as lower electricity prices. While thesemeasures may improve production conditions, they ...
In:
Intereconomics
60 (2025), 4, S. 215-220
| Tomaso Duso, Martin Gornig, Alexander Schiersch
-
DIW Discussion Papers 2136 / 2025
This paper shows that in an economy where distortions prevent firms from using their profit-maximizing amounts of capital and labor, removing these distortions can generate both an efficiency gain and a higher aggregate labor share. We use firm-level data on Chinese manufacturing, mining, and public utilities in 2005 and estimate a general equilibrium model with heterogeneous productivity, technology, ...
2025| Xiaoyue Zhang, Junjie Xia
-
Brown Bag Seminar Industrial Economics
The emerging net zero paradigm requires economies to go green; and Europe’s ambition is to lead the way. This requires directing technological change toward cleaner growth, which intersects with green industrial policies in the form of green innovation subsidies. Leveraging a quasi-exhaustive novel dataset on German R&D subsidies, we provide rigorous evidence on whether green R&D subsidies...
14.02.2024| Nils Handler, DIW Berlin
-
DIW Discussion Papers 2071 / 2024
Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer( s) and the retailer bargain over non-linear contracts before selling to consumers. We show that vertical integration always increases the incentives ...
2024| Claire Chambolle, Morgane Guignard
-
DIW Discussion Papers 2073 / 2024
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 ...
2024| Jan Malek, Melissa Newham, Jo Seldeslachts, Reinhilde Veugelers
-
Refereed essays Web of Science
We discuss the main theories of harm in EU merger control and their evolution since the 1990s. We present stylized facts and trends using data extracted from EU merger decisions by natural language processing tools. EU merger policy has adapted over time, both in terms of legislation and theories of harm, as well as in terms of the investigative tools and evidence used. The introduction of the new ...
In:
Oxford Review of Economic Policy
40 (2024), 4, S. 729–762
| Tomaso Duso, Lea Bernhardt, Joanna Piechucka
-
Refereed essays Web of Science
Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of advanced economies and ensuring long-term economic prosperity. This paper provides evidence that investment in intangible capital, despite having a positive effect on productivity at the micro level, is a driver of the weak productivity performance at the aggregate level as it amplifies ...
In:
The Review of Income and Wealth
70 (2024), 3, S. 605-638
| Marie Le Mouel, Alexander Schiersch