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Staff Biography

[Photo: Kalina MANOVA] Dr Kalina MANOVA
Associate - Trade

Email: k.manova@ucl.ac.uk

Curriculum Vitae PDF  Personal WebSite WWW

Expertise: International Trade, Multinational Activity, Financial Frictions, Europe, China and US.


Kalina Manova is Associate Professor of Economics at UCL, specialising in international trade and investment. She received her AB, AM and PhD from Harvard, and was previously Assistant Professor of Economics t Stanford, Visiting Assistant Professor of Economics at Princeton, and Professor of Economics at Oxford. She serves on the Council of the European Economic Association and on the editorial boards of Review of Economic Studies and Journal of International Economics. She is a Research Fellow at the Centre for Economic Policy Research, Associate at the LSE Centre for Economic Performance, Research Affiliate at the International Growth Centre, Affiliate at CESifo Institute, and Faculty Fellow at the Stanford Institute for Economic Policy Research.

Current Areas of Research:

Professor Manova's research explores three themes in international economics: (i) the effects of financial frictions and resource misallocation on international trade, multinational activity, and the welfare impact of globalization; (ii) the role of firm heterogeneity, with a focus on productivity, product quality, and management practices; and (iii) the determinants of firms’ participation in global value chains and its consequences for firm performance and aggregate economies.


  • PhD Economics, Harvard University, June 2007
  • AM Economics, Harvard University, November 2004
  • AB Economics, Harvard College, Magna Cum Laude, June 2002


  • Consolidator Grant from European Research Council, €1.5M - 2017-2022
  • Philip Leverhulme Prize in Economics, £100K, 2016
  • Hoover Institution National Fellow, 2012-2013

Selected Publications:

CEP Publications

CEP discussion paper
Trade, Productivity and (Mis)allocation Antoine Berthou, John Jong-Hyun Chung, Kalina Manova and Charlotte Sandoz Dit Bragard
January 2020
Paper No' CEPDP1668:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14; F43; F62; O24; O40; O47

Tags: international trade; export demand; import competition; productivity; allocative efficiency; misallocation

CEP discussion paper
The Origins of Firm Heterogeneity: A Production Network Approach Andrew B. Bernard, Emmanuel Dhyne, Glenn Magerman, Kalina Manova and Andreas Moxnes
January 2019
Paper No' CEPDP1592:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F12; F16

Tags: production networks; productivity; firm size heterogeneity

CEP discussion paper
Managing Trade: Evidence from China and the US Nicholas Bloom, Kalina Manova, Stephen Teng Sun, John Van Reenen and Zhihong Yu
June 2018
Paper No' CEPDP1553:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14; F23; L20; O19; O32

Tags: management; exports; product quality; productivity

CEP discussion paper
Multi-Product Firms and Product Quality Kalina Manova and Zhihong Yu
February 2017
Paper No' CEPDP1469:
Read Abstract | Full Paper (pdf)

JEL Classification: D22; F10; F12; F14; L10; L11; L15

Tags: trade; trade reforms; multi-product firms; product quality; export prices

CEP discussion paper
How Firms Export: Processing vs. Ordinary Trade with Financial Frictions Kalina Manova and Zhihong Yu
October 2015
Paper No' CEPDP1377:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F13; F14; F23; F34; G32

Tags: china; trade regime; processing trade; global value chain; credit constraints; heterogeneous firms