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Beata Javorcik

Beata Javorcik

Chief Economist

As EBRD Chief Economist, Beata Javorcik sits on the Bank’s Executive Committee and advises the President and other senior members of the management team on economic issues of strategic or operational relevance to the EBRD regions.

The Chief Economist provides thought leadership, both inside and outside of the EBRD, on economic issues related to the Bank’s work in its countries of operation. The Office of the Chief Economist (OCE) undertakes and presents its own research, representing the Bank at high-level external policy and academic conferences and workshops. It publishes in academic and non-academic outlets and maintains strong links between the EBRD and academia.

The Chief Economist further ensures that the EBRD’s economics research agenda keeps the Bank at the forefront of understanding when it comes to the economic and strategic challenges facing the EBRD regions, helping the Bank to formulate effective policy responses.

OCE is also responsible for macroeconomic forecasting. It contributes to the work of the Bank’s Risk Management division in building scenarios for identifying and navigating emergent risks and conducting stress testing. OCE also assists regional economists with timely cross-country macroeconomic analysis and economic forecasting. 

Professor Javorcik is on leave from the University of Oxford, where she holds a Statutory Professorship in Economics (the first woman to do so) and is a Fellow of All Souls College. She is a Director of the International Trade Programme at the Centre for Economic Policy Research in London. She holds a Ph.D. in Economics from Yale University and a B.A. in Economics (summa cum laude) from the University of Rochester.

Before taking up her position at Oxford University, she worked at the World Bank in Washington DC, where she focused on research, lending operations and policy advice.

Professor Javorcik specialises in international trade. Her research interests focus on the determinants and consequences of inflows of foreign direct investment, the implications of services liberalisation, the evaluation of investment promotion programmes, the propagation of shock through production networks and the evasion of import duties. Her research has been published in the American Economic Review, Journal of the European Economic Association, Review of Economics and Statistics, European Economic Review, Economic Journal, Journal of International Economics and Journal of Development Economics.

Education

Yale University, Ph.D. in Economics, Dec 1999
University of Rochester, B.A. in Economics (Summa cum Laude), May 1994

Research interests

International trade

Foreign direct investment

Investment promotion

Tax evasion

Journal articles

"Good for the Environment, Good for Business: Foreign Acquisitions and Energy Intensity" with A. Brucal and I. Love, Journal of International Economics, forthcomin

"Climbing the Rungs of the Quality Ladder: FDI and Domestic Exporters in Romania" with M. Bajgar, Economic Journal, conditionally accepted

"Don't Throw in the Towel, Throw in Trade Credit!" with B. Demir, Journal of International Economics, 2018

"Working across Time Zones: Exporters and the Gender Wage Gap" with E.A. Boler and K.H. Ulltveit-Moe, Journal of International Economics, 2018

"New and Improved: Does FDI Boost Production Complexity in Host Countries?" with A. Lo Turco and D. Maggioni, Economic Journal, 2018

"The ISO 9000 Certification: Little Pain, Big Gain?" with N. Sawada, European Economic Review, 2018

"Transplanting Corporate Culture across International Borders" with N. Kodama and Y. Abe, The World Economy, 2018

"Former Foreign Affiliates: Cast Out and Outperformed?" with S. Poelhekke, Journal of the European Economic Association, 2017

"Accession to the World Trade Organization and Tariff Evasion" with G. Narciso, Journal of Development Economics, 2017

"Testing the Core-Competency Model of Multi-Product Exporters" with C. Eckel, L. Iacovone and P. Neary, Review of International Economics (Festschrift volume) 2016

"Services Reform and Manufacturing Performance: Evidence from India" with J. Arnold, M. Lipscomb and A. Mattoo, Economic Journal, 2016

"Multi-Product Firms at Home and Away: Cost- versus Quality-Based Competence" with C. Eckel, L. Iacovone and P. Neary, Journal of International Economics, 2015

"Supplier Responses to Walmart's Invasion in Mexico" with L. Iacovone, W. Keller and J.Tybout, Journal of International Economics, 2015

"Do the Biggest Aisles Serve a Brighter Future? Global Retail Chains and Their Implications for Romania" with Y. Li, Journal of International Economics, 2013

"FDI and Export Upgrading" with T. Harding, Review of Economics and Statistics, 2012

"Does Services Liberalization Benefit Manufacturing Firms? Evidence from the Czech Republic" with J. Arnold and A. Mattoo, Journal of International Economics, 2011

"Roll out the Red Carpet and They Will Come: Investment Promotion and FDI Inflows" with T. Harding, Economic Journal, 2011

"Does It Matter Where You Come From? Vertical Spillovers from Foreign Direct Investment and the Origin of Investors" with M. Spatareanu, Journal of Development Economics, 2011

"Migrant Networks and Foreign Direct Investment" with C. Ozden, M. Spatareanu and C. Neagu, Journal of Development Economics, 2011

"Multi-product Exporters: Product Churning, Uncertainty and Export Discoveries" with L. Iacovone, Economic Journal, 2010

"Tough Love: Do Czech Suppliers Learn from Their Relationships with Multinationals?" with M. Spatareanu, Scandinavian Journal of Economics, Special issue on Heterogeneous firms and trade, 2009

"Gifted Kids or Pushy Parents? Foreign Direct Investment and Plant Productivity in Indonesia" with J. Arnold, Journal of International Economics, 2009

"Corruption and Cross-border Investment in Emerging Markets: Firm-Level Evidence" with S-J. Wei, Journal of International Money and Finance, 2009

"Liquidity Constraints and Linkages with Multinationals" with M. Spatareanu, World Bank Economic Review, 2009

"Differentiated Products and Evasion of Import Tariffs" with G. Narciso, Journal of International Economics, 2008

"Trade Costs and Location of Foreign Firms in China" with M. Amiti, Journal of Development Economics, 2008

"To Share or Not to Share: Does Local Participation Matter for Spillovers from FDI?" with M. Spatareanu, Journal of Development Economics, 2008

"Do Foreign Investors Care about Labor Market Regulations?" with M. Spatareanu, Weltwirtschaftliches Archiv, 2005

"Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages", American Economic Review, 2004

"The Composition of Foreign Direct Investment and Protection of Intellectual Property Rights in Transition Economies" European Economic Review, 2004

"Pollution, Corruption and the Location of Foreign Direct Investment: Dirty Secret or Popular Myth?" with Shang-Jin Wei, Contributions to Economic Analysis & Policy, 2004