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Staff Biography


[Photo: Gianmarco OTTAVIANO] Professor Gianmarco OTTAVIANO
Programme Director - Trade
Tel:  0207 955 6856
Email: G.I.Ottaviano@lse.ac.uk
Room/Desk: 32L 2.27A  

Curriculum Vitae PDF  Personal WebSite WWW

Expertise: foreign direct investment; international trade; multinationals; immigration

Biography:

Gianmarco I.P. Ottaviano is Professor of Economics at the London School of Economics and Political Science, Honorary Professor of Economics ("studioso di chiara fama") at the University of Bologna, Director of the Globalization Programme at the Centre for Economic Performance London, research fellow of the Centre for Economic Policy Research London, research fellow of the Center for Financial Studies Frankfurt and non-resident senior fellow of Bruegel Brussels. He received his BA in Economics at Bocconi University Milan, his M.Sc. in Economics at the London School of Economics and Political Science, and his Ph.D. in Economics at the Université Catholique de Louvain. He is the co-author of many works in international trade, urban economics and economic geography. His recent publications focus on the competitiveness of firms in the global economy as well as the economic effects of immigration and offshoring on employment and wages. He is co-editor of Economica and associate editor of Regional Science and Urban Economics and Spatial Economic Analysis.

Current Areas of Research:

I am interested in all aspects of international competition with a special focus on manufacturing and services. I am also interested in the economic effects of immigration on countries, regions and cities. My recent writings present analyses based on evidence extracted from firm-level and worker-level data sets.

Education:

  • BA in Economics at Bocconi University Milan
  • M.Sc. in Economics at the London School of Economics and Political Science
  • Ph.D. in Economics at the Université Catholique de Louvain

Selected Publications:

CEP Publications

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CEP Discussion Paper
Financial Markets and the Allocation of Capital: The Role of Productivity Filippo Di Mauro, Fadi Hassan and Gianmarco I. P. Ottaviano
July 2018
Paper No' CEPDP1555:
Read Abstract | Full Paper (pdf)

JEL Classification: G10; G21; G31; D92; F3; O16


Tags: bank credit; capital allocation; productivity; credit constraints

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CEP Discussion Paper
The Productivity Puzzle and Misallocation: An Italian Perspective Sara Calligaris, Massimo Del Gatto, Fadi Hassan, Gianmarco I. P. Ottaviano and Fabiano Schivardi
December 2017
Paper No' CEPDP1520:
Read Abstract | Full Paper (pdf)

JEL Classification: D22; D24; O11; O47


Tags: misallocation; tfp; productivity puzzle; italy

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CEP Discussion Paper
UK Trade and FDI: A Post-Brexit Perspective Swati Dhingra, Gianmarco Ottaviano, Veronica Rappoport, Thomas Sampson and Catherine Thomas
June 2017
Paper No' CEPDP1487:
Read Abstract | Full Paper (pdf)

JEL Classification: F02; F13


Tags: brexit; uk trade; uk fdi; negotiations

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CEP Discussion Paper
International Expansion and Riskiness of Banks Irene Sanchez Arjona, Ester Faia and Gianmarco Ottaviano
April 2017
Paper No' CEPDP1481:
Read Abstract | Full Paper (pdf)

JEL Classification: F23; F65; G21; G32


Tags: banks' risk; systemic risk; global expansion; diversification; regulation

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CEP Discussion Paper
The Costs and Benefits of Leaving the EU: Trade Effects Swati Dhingra, Hanwei Huang, Gianmarco I. P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen
April 2017
Paper No' CEPDP1478:
Read Abstract | Full Paper (pdf)

JEL Classification: F13;F15;F17


Tags: trade; brexit; general equilibrium

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CEP Discussion Paper
Global Banking: Risk Taking and Competition Ester Faia and Gianmarco Ottaviano
March 2017
Paper No' CEPDP1471:
Read Abstract | Full Paper (pdf)

JEL Classification: G21; G32; L13


Tags: global bank; oligopoly; oligopsony; endogenous risk taking; expectation of rents extraction; appetitefor leverage

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CEP Discussion Paper
Product Mix and Firm Productivity Responses to Trade Competition Thierry Mayer, Marc J. Melitz and Gianmarco I. P. Ottaviano
July 2016
Paper No' CEPDP1442:
Read Abstract | Full Paper (pdf)

Tags: productivity; trade; competition

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CEP BREXIT Analysis
BREXIT 2016: Policy Analysis from the Centre for Economic Performance Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth
June 2016
Paper No' CEPBREXIT08:
Read Abstract | Full Paper (pdf)

Tags: brexit; eu referendum; uk economy; uk politics; trade; foreign investment; growth; productivity; immigration; wages; labour

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CEP BREXIT Analysis
‘ECONOMISTS FOR BREXIT’: A critique Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen
May 2016
Paper No' CEPBREXIT06:
Press Release | Full Paper (pdf)

Tags: brexit; referendum

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CEP BREXIT Analysis
Brexit and the Impact of Immigration on the UK Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth
May 2016
Paper No' CEPBREXIT05:
Read Abstract | Press Release | Full Paper (pdf)
| Technical Paper (pdf)

Tags: brexit; immigration; uk government policy; uk economy; wages; employment; eu referendum

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CEP BREXIT Analysis
The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen
April 2016
Paper No' CEPBREXIT04:
Read Abstract | Press Release | Full Paper (pdf)

Tags: brexit; hm treasury; eu referendum; uk politics; uk economy; europe; trade; canada

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CEP BREXIT Analysis
The impact of Brexit on foreign investment in the UK Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen
April 2016
Paper No' CEPBREXIT03:
Read Abstract | Press Release | Full Paper (pdf)
| Technical Paper (pdf)

Tags: #cepbrexit; foreign direct investment; manufacturing; european single market; brexit; eu; trade

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CEP Discussion Paper
How have EU's Trade Agreements Impacted Consumers? Holger Breinlich, Swati Dhingra and Gianmarco Ottaviano
March 2016
Paper No' CEPDP1417:
Read Abstract | Full Paper (pdf)

Tags: trade agreements; eu; consumers

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CEP BREXIT Analysis
The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen
March 2016
Paper No' CEPBREXIT02:
Read Abstract | Press Release | Full Paper (pdf)
| Technical Paper (pdf)
Data Files associated with this paper.

Tags: #cepbrexit; trade; brexit; eu; european union; welfare

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CentrePiece Article
Immigration: the link to international trade in services Gianmarco Ottaviano and colleagues explore the relationship between two notable features of globalisation Gianmarco Ottaviano, Giovanni Peri and Greg C. Wright
November 2015
Paper No' CEPCP459:
Read Abstract | Full Paper (pdf)

CentrePiece 20 (2) Autumn 2015


Tags: immigration; services trade


This article summarises 'Immigration, Trade and Productivity in Services: Evidence from UK Firms' by Gianmarco Ottaviano, Giovanni Peri and Greg Wright, CEP Discussion Paper No. 1353
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CEP Discussion Paper
Immigration, Trade and Productivity in Services: Evidence from UK Firms Gianmarco I. P. Ottaviano, Giovanni Peri and Greg C. Wright
May 2015
Paper No' CEPDP1353:
Read Abstract | Full Paper (pdf)

JEL Classification: F16; F10; F22; F23


Tags: immigration; services trade

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CEP Election Analysis
#ElectionEconomics: The Research Evidence on Key Issues for Voters in the 2015 UK General Election Ghazala Azmat, Brian Bell, Jonathan Colmer, Antoine Dechezleprêtre, Swati Dhingra, Christian Hilber, Stephen Machin, Alan Manning, Ralf Martin, Alistair McGuire, Sandra McNally, Gianmarco Ottaviano, Henry Overman, Isabelle Roland, Thomas Sampson, Anna Valero, John Van Reenen, Jonathan Wadsworth, Gill Wyness and Gabriel Zucman
April 2015
Paper No' CEPEA034:
Read Abstract | Full Paper (pdf)
| Executive Summary (pdf)

Tags: 2015 uk general election; government policy; austerity; productivity; health; nhs; education; higher education; immigration; brexit; eu; inequality; real wages; unemployment; gender; management; productivity; uk housing; environment; climate change; uk cities; infrastructure; taxation

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CEP Election Analysis
Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson
March 2015
Paper No' CEPEA022:
Read Abstract | Full Paper (pdf) | View Video (pdf)

JEL Classification: F13;F17;F60


Tags: trade; european union; welfare; brexit; #electioneconomics; government policy; 2015 general election

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CEP Discussion Paper
Relaxing Credit Constraints in Emerging Economies: The Impact of Public Loans on the Performance of Brazilian Manufacturers Filipe Lage de Sousa and Gianmarco I. P. Ottaviano October 2014
Paper No' CEPDP1309:
Read Abstract | Full Paper (pdf)

JEL Classification: G28; O38; H25


Tags: credit constraints; firm performance; firm productivity; firm investment; public loans

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CEP Discussion Paper
City of Dreams Jorge De la Roca, Gianmarco I. P. Ottaviano and Diego Puga
October 2014
Paper No' CEPDP1305:
Read Abstract | Full Paper (pdf)

JEL Classification: R10; R23


Tags: cities; sorting; agglomeration; self-confidence; learning

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CentrePiece Article
Fiat Chrysler and the future of industry Giorgio Barba Navaretti, Gianmarco I. P. Ottaviano and Maria Teresa Trentinaglia
October 2014
Paper No' CEPCP434:
Read Abstract | Full Paper (pdf)

CentrePiece 19 (2) Autumn 2014


Tags: fiat chrysler; industry; workforce; labour

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CEP Discussion Paper
European Integration and the Gains from Trade Gianmarco I. P. Ottaviano
September 2014
Paper No' CEPDP1301:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F15; F17


Tags: gains from trade; european integration; quantitative trade models; gravity equations; structural estimation

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CEP Discussion Paper
Immigration, Diversity and the Labour Market Outcomes of Native Workers: Some Recent Developments Gianmarco I. P. Ottaviano
August 2014
Paper No' CEPDP1292:
Read Abstract | Full Paper (pdf)

JEL Classification: F22; J31; J61


Tags: immigration; wages; productivity; cultural diversity

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CEP Special Report
Internationalization and Innovation of Firms: Evidence and Policy Carlo Altomonte, Tommaso Aquilante, Gábor Békés and Gianmarco I. P. Ottaviano
April 2014
Paper No' CEPSP032:
Read Abstract | Full Paper (pdf)

JEL Classification: F13; F23; F68; O31; O38


Tags: internationalization; innovation; firm-level data; exports; foreign direct investment; outsourcing

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CEP Discussion Paper
The Buyer Margins of Firms' Exports Jerónimo Carballo, Gianmarco I. P. Ottaviano and Christian Volpe Martincus
July 2013
Paper No' CEPDP1234:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F14


Tags: firm heterogeneity; taste heterogeneity; import-export relations; competition; selection

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CEP Discussion Paper
Regional Growth and Regional Decline Holger Breinlich, Gianmarco I. P. Ottaviano and Jonathan R. W. Temple
July 2013
Paper No' CEPDP1232:
Read Abstract | Full Paper (pdf)

JEL Classification: O18; R11; R12; R13


Tags: regional growth; regional convergence; regional decline

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CEP Discussion Paper
Monopolistic Competition and Optimum Product Selection: Why and How Heterogeneity Matters Antonella Nocco, Gianmarco I. P. Ottaviano and Matteo Salto
April 2013
Paper No' CEPDP1206:
Read Abstract | Full Paper (pdf)

JEL Classification: D4; D6; F1; L0; L1


Tags: monopolistic competition; product diversity; heterogeneity; selection; welfare

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CEP Discussion Paper
Immigration, Offshoring and American Jobs Gianmarco I. P. Ottaviano, Giovanni Peri and Greg C. Wright
May 2012
Paper No' CEPDP1147:
Read Abstract | Full Paper (pdf)

JEL Classification: F22; F23; J24; J61


Tags: employment; production tasks; immigrants; offshoring


This paper has been published as:
Rethinking the Effect of Immigration on Wages, Gianmarco I. P. Ottaviano and Giovanni Peri, Journal of the European Economic Association, Volume 10, Issue 1, pp.152-197, February 2012
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CEP Discussion Paper
Global Value Chains During the Great Trade Collapse: A Bullwhip Effect? Carlo Altomonte, Filippo Di Mauro, Gianmarco I. P. Ottaviano, Armando Rungi and Vincent Vicard
February 2012
Paper No' CEPDP1131:
Read Abstract | Full Paper (pdf)

JEL Classification: F23; F15; L22


Tags: trade collapse; multinational firms; global value chains; hierarchies of firms; vertical integration

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CEP Discussion Paper
Agglomeration, Trade and Selection Gianmarco I. P. Ottaviano
February 2012
Paper No' CEPDP1129:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; R11; R12


Tags: agglomeration; trade; heterogeneity; selection; economic geography