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Luuk Schmitz

@luukschmitz.bsky.social
1.2K followers 482 following 49 posts

Senior researcher @mpifg.bsky.social (previously @eui-eu.bsky.social). Studying geoeconomics, multinational corporations, industrial policy, and EU strategic autonomy. luukschmitz.com

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Luuk Schmitz @luukschmitz.bsky.social · 14/07/2026
🌮 Tuesday delivers right on cue
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Luuk Schmitz @luukschmitz.bsky.social · 10/06/2026
Speaking from experience, corporate earnings calls are an underrated place for radicalization (and to observe it).
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Jonas Nahm @jonasnahm.com · 11/05/2026
1/ New piece on the NEIS Center Substack by @luukschmitz.bsky.social: conditionality in industrial policy isn't just a safeguard against waste — it also has real costs. And those costs are systematically underweighted in the current debate. neiscenter.substack.com/p/industrial...
neiscenter.substack.com
Industrial Policy Conditionality: A Guide for Users
Public debate treats conditionality as a single dial to be turned up or down to impose stricter discipline on private actors. That framing obscures the choices that actually matter.
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Palma Polyak @palmapolyak.bsky.social · 21/04/2026
There's a global race to secure EV battery gigafactories & reduce reliance on China. But not all clean-tech projects are created equal. Some generate good jobs & domestic capacities, others produce ecological harm & low value-added enclaves. New paper & thread 👇 www.tandfonline.com/doi/full/10....
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Luuk Schmitz @luukschmitz.bsky.social · 12/04/2026
It's time for a new hobby, Palma🥳🥳
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Luuk Schmitz @luukschmitz.bsky.social · 16/03/2026
War is reshaping global markets. I have a paper under review that asks: who wins or loses when supply chains meet geopolitics, and what are the political implications? Since the world is changing faster than our overburdened peer-review system can handle, here's the 📃 + a🧵 osf.io/preprints/so...
As states weaponize supply chains, warnings of deglobalization and aggregate welfare losses have proliferated. But neither has materialized: trade volumes remain high and supply chains continue to span the globe. This paper argues that the surprising resilience of aggregate trade obscures a large-scale redistribution creating K-shaped divergence among firms navigating geoeconomic reordering. Who wins and who loses depends on two dimensions of corporate power: the strategic indispensability of what firms produce and their organizational capacity to reconfigure operations around geopolitical constraints. Because strategic designation attaches to specific outputs rather than broad industry categories, these capacities vary sharply among firms nominally facing identical pressures. Drawing on an original dataset of over 21,000 corporate earnings calls annotated using large language models alongside firm-level financial data, I demonstrate that sector membership explains remarkably little outcome variance. Adaptation operates hierarchically within industries, not between them. Firms controlling chokepoints or possessing reconfiguration capacity capture concentrated gains; those lacking strategic position bear recurring adjustment costs. As these costs cluster in regions previously affected by deindustrialization, supply chain restructuring risks intensifying the geographic polarization that fueled political demand for economic statecraft in the first place.
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Luuk Schmitz @luukschmitz.bsky.social · 16/03/2026
War is reshaping global markets. I have a paper under review that asks: who wins or loses when supply chains meet geopolitics, and what are the political implications? Since the world is changing faster than our overburdened peer-review system can handle, here's the 📃 + a🧵 osf.io/preprints/so...
As states weaponize supply chains, warnings of deglobalization and aggregate welfare losses have proliferated. But neither has materialized: trade volumes remain high and supply chains continue to span the globe. This paper argues that the surprising resilience of aggregate trade obscures a large-scale redistribution creating K-shaped divergence among firms navigating geoeconomic reordering. Who wins and who loses depends on two dimensions of corporate power: the strategic indispensability of what firms produce and their organizational capacity to reconfigure operations around geopolitical constraints. Because strategic designation attaches to specific outputs rather than broad industry categories, these capacities vary sharply among firms nominally facing identical pressures. Drawing on an original dataset of over 21,000 corporate earnings calls annotated using large language models alongside firm-level financial data, I demonstrate that sector membership explains remarkably little outcome variance. Adaptation operates hierarchically within industries, not between them. Firms controlling chokepoints or possessing reconfiguration capacity capture concentrated gains; those lacking strategic position bear recurring adjustment costs. As these costs cluster in regions previously affected by deindustrialization, supply chain restructuring risks intensifying the geographic polarization that fueled political demand for economic statecraft in the first place.
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Luuk Schmitz @luukschmitz.bsky.social · 25/11/2025
Speaking from experience, this is a great opportunity for feedback and exposure for PhD researchers!
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Luuk Schmitz @luukschmitz.bsky.social · 29/10/2025
Dutch exit poll: This is about three standard deviations away from insane
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Joshua Cova @joshcova.bsky.social · 23/09/2025
🚨 Introducing CommonsCorpus: a comprehensive, annotated and machine-readable database of UK House of Commons' speeches, containing speakers' party-political ID and socio-demographic information. Joint work w/ ➡️ @irenegermani.bsky.social Available here: dataverse.harvard.edu/dataset.xhtm...
dataverse.harvard.edu
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Luuk Schmitz @luukschmitz.bsky.social · 22/09/2025
The emerging cross-shareholding and concentration in the U.S. chipmaking/AI stack is a big open question in polecon. Today's announcement comes on top of Nvidia's $5bn investment in Intel. www.ft.com/content/d3ca...
ft.com
Nvidia to invest up to $100bn in OpenAI
Partnership will support huge build-out of data centres for artificial intelligence
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Luuk Schmitz @luukschmitz.bsky.social · 01/08/2025
In H1 2025, AI CapEx added more to US GDP growth than consumer spending (the job market meanwhile is slowing down). At what point should we label this as overaccumulation? sherwood.news/markets/the-...
sherwood.news
The AI spending boom is eating the US economy
AI-linked spending has fueled more growth in the first half of 2025 on average than US consumer spending....
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Luuk Schmitz @luukschmitz.bsky.social · 28/07/2025
I'm not normally one for doomposting, but today's politics feel like the 1890s (robber barons), 1930s (rising fascism, appeasing autocrats), and 1970s (stagflation, new general purpose technologies) are merging into one ugly timelime.
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Luuk Schmitz @luukschmitz.bsky.social · 30/05/2025
Very thrilled and more than a little humbled with this! Thank you to the jury and the editors, and to my co-author☺️
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Luuk Schmitz @luukschmitz.bsky.social · 03/04/2025
The really important fine print in today's tariff announcement: if companies can prove that the material origin of their goods is within the value chain definitions of the USMCA, their trade is exempt from tariffs. Make Mexico and Canada great again?
Exceptions to the Trump tariffs announced today.
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Joshua Cova @joshcova.bsky.social · 14/03/2025
Happy to introduce ItaParlCorpus: a large, annotated, machine-readable dataset of Italian parliamentary speeches 🇮🇹📊. Covering 1948-2022, it includes 2.4M speeches, 470M words from 5830 speakers across 77 parties. Ideal for studying political discourse, party rhetoric and parliamentary behavior! 🔍📖
cambridge.org
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Luuk Schmitz @luukschmitz.bsky.social · 06/03/2025
Planning the green transition is not only about creating new industries, but also about phasing-out old ones. If you want to know how political backlash against impending economic decline and regional inequalities led to new policies and institutions for transition planning in the EU, have a look👇
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Kate McNamara @katemcnamara.bsky.social · 27/02/2025
Terrific & much needed deep empirical analysis of new EU industrial policy state aid tool by @timoseidl.bsky.social & @luukschmitz.bsky.social. The key goldilocks punch line? Critical policy goals best achieved with ‘just the right’ amount of EU conditionality rules.
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Luuk Schmitz @luukschmitz.bsky.social · 27/02/2025
If you want to understand how EU industrial policy works on the ground, have a look at this thread and the new paper it links to.
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Carola Westermeier @c-westermeier.bsky.social · 09/02/2025
Do you want to explore what’s happening? I am recruitung doctoral researchers for my Lise Meitner Research Group on Technology and Sovereignty @mpifg.bsky.social Find more information in the link below Apply by February 28, 2025 Starting date is October 1, 2025 career.mpifg.de/jobposting/e...
Link to CfA for research group on technology and sovereignty
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Palma Polyak @palmapolyak.bsky.social · 27/01/2025
What a week ahead! ✨ The one & only @katemcnamara.bsky.social visits us in Cologne to talk about EU Economic Statecraft in the Age of Geopolitics Then @luukschmitz.bsky.social & I are hosting this stellar lineup of scholars for our Geoeconomic Turn in IPE workshop 🌍 @mpifg.bsky.social
Screenshot of MPI Lecture featuring Kathleen R. McNamara from Georgetown University. The title reads: “The Securitization of Market Competition? EU Economic Statecraft in the Age of Geopolitics.” The text explains the EU’s evolving competition policies. A photo of Kathleen McNamara is on the left.Screenshot of the MPIfG Geoeconomic Turn in IPE conference. The text describes the rise of geoeconomics, including rivalries, industrial policies, and green/digital transitions, with questions about globalization and strategies for resilience.A detailed schedule of the Geoeconomic Turn in IPE workshop. Block I – Geo-economic Power Shifts. Block II – Beyond the Global North. Block III – Europe’s Challenges. Block IV – Critical Minerals. Block V – Finance. Block VI – Infrastructures and Firms.
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Max-Planck-Institut für Gesellschaftsforschung (MPIfG) @mpifg.bsky.social · 21/01/2025
The MPIfG is seeking a research group leader (tenure track) with a focus on the socioeconomic and political impacts of technological change to set up a new research group at the intersection of #economy, #society, and #technology. 📢Please share widely! s.gwdg.de/SULoAf
Application deadline: April 15, 2025
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Luuk Schmitz @luukschmitz.bsky.social · 20/12/2024
Are you curious about using Large Language Model as a research tool for text annotation but don't know where to start? @joshcova.bsky.social and I have you covered with this primer that guides readers with a hands-on example written in accessible language. 📃 Here: osf.io/preprints/os...
Paper title + abstract
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Timo Seidl @timoseidl.bsky.social · 16/12/2024
Do you work on European integration and want to live in one of the most livable cities in 🇪🇺? We have an opening for 3-year postdoc position at our research group, which is part of the #polsci department @univie.ac.at. Application Deadline: Jan 9, 2025. More info: jobs.univie.ac.at/job/Universi...
jobs.univie.ac.at
University Assistant post doc EIF 1 Political Science Vienna
University Assistant post doc EIF 1 Political Science Vienna
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Max-Planck-Institut für Gesellschaftsforschung (MPIfG) @mpifg.bsky.social · 22/11/2024
Here is a starter pack of MPIfG researchers and alumni. Hit follow for research on economic sociology and political economy! If you are a current or former MPIfG researcher and would like to be added, please let us know in the comments. #socsky go.bsky.app/P1fDXjf
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Luuk Schmitz @luukschmitz.bsky.social · 21/11/2024
Good to know we are outdoing the potatoes!
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Timo Seidl @timoseidl.bsky.social · 11/11/2024
Given the spike in activity on here (finally!), it might be a good moment to repost two recent working papers on the governance and history of the 'poster child' of the EU's new industrial policy: the Important Projects of Common European Interest or IPCEIs. Links 👇
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Luuk Schmitz @luukschmitz.bsky.social · 25/10/2024
The Economist is taking no prisoners this week.
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Timo Seidl @timoseidl.bsky.social · 02/10/2024
🚨New LUHNIP Policy Brief with @luukschmitz.bsky.social & T. Wuttke in which we summarize key findings from our recent paper on the 'Costs of Conditionality' and elaborate & expand on our policy suggestions. 🔗https://leap.luiss.it/wp-content/uploads/2024/10/LUHNIP-PB2.24-Costs_of_conditionality.pdf
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Timo Seidl @timoseidl.bsky.social · 05/08/2024
🚨 New working paper with @luukschmitz.bsky.social & Tobias Wuttke. To better understand how EU industrial policy actually works, we take an in-depth look at the governance of Important Projects of Common European Interest. Questions and comments welcome! 🔗 osf.io/preprints/os...
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Luuk Schmitz @luukschmitz.bsky.social · 23/12/2023
Every once in a while, I read a piece where I can't decide whether it's whacky or brilliant. This is one of them: onlinelibrary.wiley.com/doi/abs/10.1...
onlinelibrary.wiley.com
LEVIATHAN AND KRAKEN: STATES, CORPORATIONS, AND POLITICAL ECONOMY
In our politico-philosophical bestiary, no monster has historically been more prominent than the Leviathan, the whale of the Book of Job, transformed by Hobbes, which has long been ubiquitous as a me....
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Luuk Schmitz @luukschmitz.bsky.social · 15/12/2023
Brookfield shows us what geopolitical rent-seeking looks like: "We are really excited about what is ahead of us in the next two to three years because of the trends of decarbonisation, digitisation and deglobalisation to come” www.ft.com/content/5fde...
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Luuk Schmitz @luukschmitz.bsky.social · 05/12/2023
German constitutional court three weeks ago: emergency fiscal spending for climate is unconstitutional. A German court last week: climate policy is unlawful as missing emission targets exposes citizens to collective threats. I do wonder whether Christmas trees are also magic money trees?
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Luuk Schmitz @luukschmitz.bsky.social · 22/11/2023
Verelendungspolitik: (1) pursue a neoliberal policy mix that breaks down public services and infrastructure, causing economic hardship. (2) beat the drum of xenophobia and blame migration. Lo and behold, a mode of politics is born.
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Luuk Schmitz @luukschmitz.bsky.social · 26/10/2023
Put this alongside any 1980s report and I challenge you to find the difference. www.euractiv.com/section/econ...
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Dustin Voss @dustinvoss.bsky.social · 16/10/2023
 📢 MaxCPE is back for a new season with an exciting lineup! Join us online for our first session on Weds 18 October, 3pm CEST. Tommaso Crescioli & @toonvano.bsky.social present "David versus Goliath: The Political Economy of the Superstar and the Small Firm“ 👉 More info mpifg.de/1030945/curr...
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Benjamin Braun @benbraun.social · 12/10/2023
A list of financial data sources, curated for political economy use cases. Official statistics as well as datasets compiled by organizations and academic researchers. Originally assembled for my students, now available on my website. Suggestions welcome! benjaminbraun.org/teaching/dat...
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Luuk Schmitz @luukschmitz.bsky.social · 15/10/2023
In my first few days here, I've already encountered some great new research and info that used to make the other place great. If BlueSky really takes off, I am wondering to what extent it can resist the enshitification that plagues so many online platforms (en.wikipedia.org/wiki/Enshitt...)
en.wikipedia.org
Enshittification - Wikipedia
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