Chris Papageorgiou
Last Updated: May 01, 2022
Chris Papageorgiou is Chief of the Development Macroeconomics Division in the Research Department. He has led and participated in several country missions in AFR, APD and WHD. He has also contributed to policy work on a variety of developing economy issues including transformation and diversification, public investment, and capital flows. He has published extensively, and is editor of IMF Research Perspectives and associate editor of IMF Economic Review and European Economic Review.
Email: CPAPAGEORGIOU@imf.org
Personal WebPage: www.chrispapageorgiou.com
Fluent In: Greek.
Education:
Ph.D. in Economics, University of Pittsburgh, May 1997
B.A. in Economics, (Summa Cum Laude), Indiana University of Pennsylvania, May 1992
B.S. in Finance, (Summa Cum Laude), Indiana University of Pennsylvania, May 1992
Previous Experience:
Deputy Division Chief, Research Department, International Monetary Fund, 2016-2017
Deputy Unit Chief, Strategy Policy and Review Department, International Monetary Fund, 2013-2015
Senior Economist, Research Department, International Monetary Fund, 2009-2012
Economist, Research Department, International Monetary Fund, 2006-2009
Coca-Cola Co. Distinguished Associate Professor, Louisiana State University, 2003-2006
Visiting Associate Professor, University of Washington - Seattle, 2004-2005
IMF Books and Working Papers:
Macroeconomic Research in Low-income Countries:Advances Made in Five Key Areas Through a DFID-IMF Collaboration , Departmental Paper No 2021/006 , March 24, 2021
Will the AI Revolution Cause a Great Divergence? , Working Paper No. 20/184 , September 11, 2020
Quality Upgrading and Export Performance in the Asian Growth Miracle , Working Paper No. 19/259 , November 27, 2019
On the Substitution of Private and Public Capital in Production , Working Paper No. 19/232 , November 01, 2019
The Political Costs of Reforms : Fear or Reality? , October 18, 2019
Macroeconomic Outcomes in Disaster-Prone Countries , Working Paper No. 19/217 , October 11, 2019
Populism and Civil Society , Working Paper No. 18/245 , November 16, 2018
Economic Gains From Gender Inclusion : New Mechanisms, New Evidence , Staff Discussion Notes No. 18/06 , October 08, 2018
Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation , Working Paper No. 18/223 , September 28, 2018
Forecasts in Times of Crises , Working Paper No. 18/48 , March 09, 2018
Building Resilience to Natural Disasters: An Application to Small Developing States , Working Paper No. 17/223 , October 30, 2017
Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries , Working Paper No. 15/163 , July 17, 2015
Non-FDI Capital Inflows in Low-Income Developing Countries: Catching the Wave? , Working Paper No. 15/86 , April 29, 2015
The U.S. Manufacturing Recovery: Uptick or Renaissance? , Working Paper No. 14/28 , February 12, 2014
Export Quality in Developing Countries , Working Paper No. 13/108 , May 15, 2013
Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications , Staff Discussion Notes No. 12/13 , December 14, 2012
Efficiency-Adjusted Public Capital and Growth , Working Paper No. 11/217 , September 01, 2011
Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis , Working Paper No. 11/27 , February 01, 2011
Investing in Public Investment : An Index of Public Investment Efficiency , Working Paper No. 11/37 , February 01, 2011
The End of an Era? The Medium- and Long-term Effects of the Global Crisis on Growth in Low-Income Countries , Working Paper No. 10/205 , September 01, 2010
Rising Income Inequality: Technology, or Trade and Financial Globalization? , Working Paper No. 08/185 , July 01, 2008
Trade Creation and Diversion Revisited: Accounting for Model Uncertainty and Natural Trading Partner Effects , Working Paper No. 08/66 , March 01, 2008
Other Published Materials
"Will the AI Revolution Cause a Great Divergence?" with Cristian Alonso, Andrew Berg, Siddharth Kothari and Sidra Rehman, Journal of Monetary Economics, forthcoming
“Populism and Civil Society,” with Tito Boeri, Prachi Mishra and Antonio Spilimbergo, Economica, forthcoming
“Policies in Hard Times: Assessing the Impact of Financial Crises on Structural Reforms,” with Gunes Gokmen, Tommaso Nannicini and Massimiliano Onorato, Economic Journal, 2529-2552: August 2021
“Re-Opening After the Lockdown: Long-run Aggregate and Distributional Consequences of COVID-19,” with Manoj Atolia and Stephen Turnovsky, Journal of Mathematical Economics, 1-18, March 2021
"Export and Import Quality in Advanced and Developing Economies: Evidence from a New Dataset,” with Christian Henn, Jose Romero and Nikola Spatafora, IMF Economic Review, 421-451: June 2020
"Taxation and Public Health Investment: Policy Choices and Tradeoffs,” with Manoj Atolia and Stephen Turnovsky, Macroeconomic Dynamics, forthcoming
"Rethinking Development Policy,” with Manoj Atolia, Prakash Loungani and Milton Marquis, World Development, forthcoming
"On the Substitution of Private and Public Capital,” with Zidong An and Alvarez Kangur, European Economic Review, 296-311: September 2019
"Forecasts in Times of Crises,” with Charis Christofides, David Kuenzel and Theo Eicher, International Journal of Forecasting, 1143-1159: July 2019
"The Public and Private MPK,” with Matt Lowe and Fidel Perez-Sebastian, Economica, 336-361: April 2019
"Building Resilience to Natural Disasters: An Application to Small Developing States,” with Ricardo Marto and Vladimir Klyuev, Journal of Development Economics, 574-586: November 2018
"A Dialogue between a Populist and an Economist,” with Tito Boeri, Prachi Mishra and Antonio Spilimbergo, AEA Papers & Proceeding, 191-195: May 2018
"Elasticity of Substitution between Clean and Dirty Energy Inputs: A Macroeconomic Perspective," with M. Saam and P. Schulte, Review of Economics and Statistics, 281-290: May 2017
"Non-FDI Private Capital Infllows in Low-Income Countries: Catching the Wave?" with J. Araujo, A. David and C. van Hombeeck, IMF Economic Review, 426-465: June 2017
"Bilateral Capital Flows to Developing Countries at Intensive and Extensive Margins," with J. Araujo, A. and P. Lastauskas, Journal of Money Credit and Banking, 1517-1554: September 2017
"Public Sector Investment Efficiency in Developing Economies," with A. Kangur, The New Palgrave Dictionary of Economics, 1-10: March 2017
"Joining the Club? Procyclicality of Private Capital In Lower Income Developing Economies," with J. Araujo, A. David and C. van Hombeeck, Journal of International Money and Finance, 157-182: January 2017
"Did Established Early Warning Signals Predict the 2008 Crises?" with T. Eicher and C. Christofides, European Economic Review, 103-114: January 2016
"Battling Infection, Fighting Stagnation," with Shankha Chakraborty and Fidel Perez-Sebastian, Macroeconomic Dynamics, 189-213: January 2016
"Efficiency-Adjusted Public Capital and Growth," with Sanjeev Gupta, Alvar Kangur and Abdoul Wane, World Development, 164-178: May 2014
"Who Benefits from Financial Development? New Methods, New Evidence," with Daniel Henderson and Christopher Parmeter, European Economic Review, 47-67: October 2013
"Which Reforms Work and under What Institutional Environment: Evidence from a New Dataset on Structural Reforms," with Massimiliano Onorato and Alessandro Prati, Review of Economics and Statistics, 946-968: July 2013
"Rising Income Inequality: Technology, or Trade and Financial Globalization?" with Florence Jaumotte and Subir Lall, IMF Economic Review, 271-309: June 2013
"Is Newer Better? Penn World Table Revisions and the Growth Literature," with Simon Johnson, William Larson and Arvind Subramanian, Journal of Monetary Economics, 255-274: March 2013
"Investing in Public Investment: An Index of Public Investment Efficiency," with Era Dabla-Norris, Jim Brumby, Annette Kyobe and Zac Mills, Journal of Economic Growth, 235-266: September 2012
"Growth Empirics without Parameters," with Daniel Henderson and Chris Parmeter, Economic Journal, 125-154: March 2012
"Trade Creation and Diversion Revisited: Model Uncertainty, Natural Trading Partners, and Robust PTA Effects," with Theo Eicher and Christian Henn, Journal of Applied Econometrics, 296-321: March 2012
"A Unified Theory of Structural Change," with Maria Delores Guillo and Fidel Perez-Sebastian, Journal of Economic Dynamics and Control, 1393-1404: September 2011 [Lead article]
"Default Priors and Predictive Performance in Bayesian Model Averaging, with Application to Growth Determinants," with Theo Eicher and Adrian Raftery, Journal of Applied Econometrics, 30-55: January 2011
"Diseases, Infection Dynamics, and Development," with Shankha Chakraborty and Fidel Perez-Sebastian, Journal of Monetary Economics, 859-872: October 2010
"Rough and Lonely Road to Prosperity: A Reexamination of the Sources of Growth in Africa using Bayesian Model Averaging," with Winford Masanjala, Journal of Applied Econometrics, 671-682: August 2008
"Normalized Nested CES Production Function in the Solow and Diamond Growth Models," with Marianne Saam, Scandinavian Journal of Economics, 119-143: March 2008
"Endogenous Aggregate Elasticity of Substitution," with Kaz Miyagiwa, Journal of Economic Dynamics and Control 31, 2899-2919: September 2007
"International Medical Technology Di usion," with Andreas Savvides and Marios Zachariadis, Journal of International Economics 72, 409-427: July 2007
"Is the Asymptotic Speed of Convergence a Good Proxy for the Transitional Growth Path?" with Fidel Perez Sebastian, Journal of Money Credit and Banking 39, 1-24: February 2007 [Lead article]
"Dynamics in a Non-Scale R&D Growth Model with Human Capital: Explaining the Japanese and South Korean development experiences," with Fidel Perez-Sebastian, Journal of Economic Dynamics and Control 30, 901-930: June 2006 [Lead article]
"Nonlinearities in Capital-Skill Complementarity," with Viera Chmelarova, Journal of Economic Growth 10, 59-89: March 2005
"Can Transition Dynamics Explain the International Output Data?" with Fidel-Perez Sebastian, Macroeconomic Dynamics 8, 466-492: September 2004
"The Solow Model with CES Technology: Nonlinearities and Parameter Heterogeneity," with Winford Masanjala, Journal of Applied Econometrics 19, 171-201: March 2004
"Capital-Skill Complementarity? Evidence from a Panel of Countries," with John Duffy and Fidel Perez-Sebastian, Review of Economics and Statistics 86, 327-344: February 2004
"Elasticity of Substitution and Growth: Normalized CES in the Diamond Model," with Kaz Miyagiwa, Economic Theory 21, 155-165: March 2003
"The Specification of the Aggregate Production Function: A Cross-Country Empirical Investigation," with John Duffy, Journal of Economic Growth 5, 83-116: March 2000
Chris Papageorgiou is Chief of the Development Macroeconomics Division in the Research Department. He has led and participated in several country missions in AFR, APD and WHD. He has also contributed to policy work on a variety of developing economy issues including transformation and diversification, public investment, and capital flows. He has published extensively, and is editor of IMF Research Perspectives and associate editor of IMF Economic Review and European Economic Review.
Email: CPAPAGEORGIOU@imf.org
Personal WebPage: www.chrispapageorgiou.com
Fluent In: Greek.
Education:
Ph.D. in Economics, University of Pittsburgh, May 1997
B.A. in Economics, (Summa Cum Laude), Indiana University of Pennsylvania, May 1992
B.S. in Finance, (Summa Cum Laude), Indiana University of Pennsylvania, May 1992
Previous Experience:
Deputy Division Chief, Research Department, International Monetary Fund, 2016-2017
Deputy Unit Chief, Strategy Policy and Review Department, International Monetary Fund, 2013-2015
Senior Economist, Research Department, International Monetary Fund, 2009-2012
Economist, Research Department, International Monetary Fund, 2006-2009
Coca-Cola Co. Distinguished Associate Professor, Louisiana State University, 2003-2006
Visiting Associate Professor, University of Washington - Seattle, 2004-2005
IMF Books and Working Papers:
Macroeconomic Research in Low-income Countries:Advances Made in Five Key Areas Through a DFID-IMF Collaboration , Departmental Paper No 2021/006 , March 24, 2021
Will the AI Revolution Cause a Great Divergence? , Working Paper No. 20/184 , September 11, 2020
Quality Upgrading and Export Performance in the Asian Growth Miracle , Working Paper No. 19/259 , November 27, 2019
On the Substitution of Private and Public Capital in Production , Working Paper No. 19/232 , November 01, 2019
The Political Costs of Reforms : Fear or Reality? , October 18, 2019
Macroeconomic Outcomes in Disaster-Prone Countries , Working Paper No. 19/217 , October 11, 2019
Populism and Civil Society , Working Paper No. 18/245 , November 16, 2018
Economic Gains From Gender Inclusion : New Mechanisms, New Evidence , Staff Discussion Notes No. 18/06 , October 08, 2018
Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation , Working Paper No. 18/223 , September 28, 2018
Forecasts in Times of Crises , Working Paper No. 18/48 , March 09, 2018
Building Resilience to Natural Disasters: An Application to Small Developing States , Working Paper No. 17/223 , October 30, 2017
Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries , Working Paper No. 15/163 , July 17, 2015
Non-FDI Capital Inflows in Low-Income Developing Countries: Catching the Wave? , Working Paper No. 15/86 , April 29, 2015
The U.S. Manufacturing Recovery: Uptick or Renaissance? , Working Paper No. 14/28 , February 12, 2014
Export Quality in Developing Countries , Working Paper No. 13/108 , May 15, 2013
Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications , Staff Discussion Notes No. 12/13 , December 14, 2012
Efficiency-Adjusted Public Capital and Growth , Working Paper No. 11/217 , September 01, 2011
Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis , Working Paper No. 11/27 , February 01, 2011
Investing in Public Investment : An Index of Public Investment Efficiency , Working Paper No. 11/37 , February 01, 2011
The End of an Era? The Medium- and Long-term Effects of the Global Crisis on Growth in Low-Income Countries , Working Paper No. 10/205 , September 01, 2010
Rising Income Inequality: Technology, or Trade and Financial Globalization? , Working Paper No. 08/185 , July 01, 2008
Trade Creation and Diversion Revisited: Accounting for Model Uncertainty and Natural Trading Partner Effects , Working Paper No. 08/66 , March 01, 2008
Other Published Materials
"Will the AI Revolution Cause a Great Divergence?" with Cristian Alonso, Andrew Berg, Siddharth Kothari and Sidra Rehman, Journal of Monetary Economics, forthcoming
“Populism and Civil Society,” with Tito Boeri, Prachi Mishra and Antonio Spilimbergo, Economica, forthcoming
“Policies in Hard Times: Assessing the Impact of Financial Crises on Structural Reforms,” with Gunes Gokmen, Tommaso Nannicini and Massimiliano Onorato, Economic Journal, 2529-2552: August 2021
“Re-Opening After the Lockdown: Long-run Aggregate and Distributional Consequences of COVID-19,” with Manoj Atolia and Stephen Turnovsky, Journal of Mathematical Economics, 1-18, March 2021
"Export and Import Quality in Advanced and Developing Economies: Evidence from a New Dataset,” with Christian Henn, Jose Romero and Nikola Spatafora, IMF Economic Review, 421-451: June 2020
"Taxation and Public Health Investment: Policy Choices and Tradeoffs,” with Manoj Atolia and Stephen Turnovsky, Macroeconomic Dynamics, forthcoming
"Rethinking Development Policy,” with Manoj Atolia, Prakash Loungani and Milton Marquis, World Development, forthcoming
"On the Substitution of Private and Public Capital,” with Zidong An and Alvarez Kangur, European Economic Review, 296-311: September 2019
"Forecasts in Times of Crises,” with Charis Christofides, David Kuenzel and Theo Eicher, International Journal of Forecasting, 1143-1159: July 2019
"The Public and Private MPK,” with Matt Lowe and Fidel Perez-Sebastian, Economica, 336-361: April 2019
"Building Resilience to Natural Disasters: An Application to Small Developing States,” with Ricardo Marto and Vladimir Klyuev, Journal of Development Economics, 574-586: November 2018
"A Dialogue between a Populist and an Economist,” with Tito Boeri, Prachi Mishra and Antonio Spilimbergo, AEA Papers & Proceeding, 191-195: May 2018
"Elasticity of Substitution between Clean and Dirty Energy Inputs: A Macroeconomic Perspective," with M. Saam and P. Schulte, Review of Economics and Statistics, 281-290: May 2017
"Non-FDI Private Capital Infllows in Low-Income Countries: Catching the Wave?" with J. Araujo, A. David and C. van Hombeeck, IMF Economic Review, 426-465: June 2017
"Bilateral Capital Flows to Developing Countries at Intensive and Extensive Margins," with J. Araujo, A. and P. Lastauskas, Journal of Money Credit and Banking, 1517-1554: September 2017
"Public Sector Investment Efficiency in Developing Economies," with A. Kangur, The New Palgrave Dictionary of Economics, 1-10: March 2017
"Joining the Club? Procyclicality of Private Capital In Lower Income Developing Economies," with J. Araujo, A. David and C. van Hombeeck, Journal of International Money and Finance, 157-182: January 2017
"Did Established Early Warning Signals Predict the 2008 Crises?" with T. Eicher and C. Christofides, European Economic Review, 103-114: January 2016
"Battling Infection, Fighting Stagnation," with Shankha Chakraborty and Fidel Perez-Sebastian, Macroeconomic Dynamics, 189-213: January 2016
"Efficiency-Adjusted Public Capital and Growth," with Sanjeev Gupta, Alvar Kangur and Abdoul Wane, World Development, 164-178: May 2014
"Who Benefits from Financial Development? New Methods, New Evidence," with Daniel Henderson and Christopher Parmeter, European Economic Review, 47-67: October 2013
"Which Reforms Work and under What Institutional Environment: Evidence from a New Dataset on Structural Reforms," with Massimiliano Onorato and Alessandro Prati, Review of Economics and Statistics, 946-968: July 2013
"Rising Income Inequality: Technology, or Trade and Financial Globalization?" with Florence Jaumotte and Subir Lall, IMF Economic Review, 271-309: June 2013
"Is Newer Better? Penn World Table Revisions and the Growth Literature," with Simon Johnson, William Larson and Arvind Subramanian, Journal of Monetary Economics, 255-274: March 2013
"Investing in Public Investment: An Index of Public Investment Efficiency," with Era Dabla-Norris, Jim Brumby, Annette Kyobe and Zac Mills, Journal of Economic Growth, 235-266: September 2012
"Growth Empirics without Parameters," with Daniel Henderson and Chris Parmeter, Economic Journal, 125-154: March 2012
"Trade Creation and Diversion Revisited: Model Uncertainty, Natural Trading Partners, and Robust PTA Effects," with Theo Eicher and Christian Henn, Journal of Applied Econometrics, 296-321: March 2012
"A Unified Theory of Structural Change," with Maria Delores Guillo and Fidel Perez-Sebastian, Journal of Economic Dynamics and Control, 1393-1404: September 2011 [Lead article]
"Default Priors and Predictive Performance in Bayesian Model Averaging, with Application to Growth Determinants," with Theo Eicher and Adrian Raftery, Journal of Applied Econometrics, 30-55: January 2011
"Diseases, Infection Dynamics, and Development," with Shankha Chakraborty and Fidel Perez-Sebastian, Journal of Monetary Economics, 859-872: October 2010
"Rough and Lonely Road to Prosperity: A Reexamination of the Sources of Growth in Africa using Bayesian Model Averaging," with Winford Masanjala, Journal of Applied Econometrics, 671-682: August 2008
"Normalized Nested CES Production Function in the Solow and Diamond Growth Models," with Marianne Saam, Scandinavian Journal of Economics, 119-143: March 2008
"Endogenous Aggregate Elasticity of Substitution," with Kaz Miyagiwa, Journal of Economic Dynamics and Control 31, 2899-2919: September 2007
"International Medical Technology Di usion," with Andreas Savvides and Marios Zachariadis, Journal of International Economics 72, 409-427: July 2007
"Is the Asymptotic Speed of Convergence a Good Proxy for the Transitional Growth Path?" with Fidel Perez Sebastian, Journal of Money Credit and Banking 39, 1-24: February 2007 [Lead article]
"Dynamics in a Non-Scale R&D Growth Model with Human Capital: Explaining the Japanese and South Korean development experiences," with Fidel Perez-Sebastian, Journal of Economic Dynamics and Control 30, 901-930: June 2006 [Lead article]
"Nonlinearities in Capital-Skill Complementarity," with Viera Chmelarova, Journal of Economic Growth 10, 59-89: March 2005
"Can Transition Dynamics Explain the International Output Data?" with Fidel-Perez Sebastian, Macroeconomic Dynamics 8, 466-492: September 2004
"The Solow Model with CES Technology: Nonlinearities and Parameter Heterogeneity," with Winford Masanjala, Journal of Applied Econometrics 19, 171-201: March 2004
"Capital-Skill Complementarity? Evidence from a Panel of Countries," with John Duffy and Fidel Perez-Sebastian, Review of Economics and Statistics 86, 327-344: February 2004
"Elasticity of Substitution and Growth: Normalized CES in the Diamond Model," with Kaz Miyagiwa, Economic Theory 21, 155-165: March 2003
"The Specification of the Aggregate Production Function: A Cross-Country Empirical Investigation," with John Duffy, Journal of Economic Growth 5, 83-116: March 2000