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Yoto Yotov, PhD

Professor

Economics

Biography

Yoto V. Yotov is a Professor at the School of Economics of the LeBow College of Business, Drexel University, a Research Professor at the ifo Institute, Munich, and member of the CEA of Bulgaria. Yotov’s research is focused on international trade and trade policy, and his work appears in the American Economic Review, the Journal of International Economics, the Economic Journal, the American Economic Journal: Applied Economics, the International Economic Review, among others. Yotov has consulted and advised many international organizations (e.g., WTO, IMF, World Bank, European Commission, and others) and governments (USA, Germany, Spain, Canada, Austria, and others)

Areas of Expertise

  • International Trade
  • Trade Policy
  • Economics/Managerial Economics

Selected Works

Articles

Yotov, Yoto, and Larch, Mario, Deep Trade Agreements and FDI in Partial and General Equilibrium: A Structural Estimation Framework. World Bank Economic Review (Forthcoming).

Yotov, Yoto, and Nagengast, Arne J., Estimating Gravity in Staggered Difference-in-Differences Settings. American Economic Journal - Applied Economics (Forthcoming).

Yotov, Yoto, Felbermayr, Gabriel, Syropoulos, Constantinos A., and Yalcin, Erdal, On the Heterogeneous Effects of Sanctions on Trade and Welfare: Evidence from the Sanctions on Iran and a New Database. Canadian Journal of Economics (Forthcoming).

Yotov, Yoto, Piermartini, Roberta, Larch, Mario, and Monteiro, Jose Antonio, On the effects of GATT/WTO membership on trade: They are positive and large after all. Canadian Journal of Economics (Forthcoming).

Agnosteva, Delina, Syropoulos, Constantinos A., and Yotov, Yoto, Preferential Trade Liberalization with Endogenous Cartel Discipline: Implications for Trade and Welfare. Canadian Journal of Economics (Forthcoming).

Yotov, Yoto, Syropoulos, Constantinos A., and Kwon, Ohyun, The Extraterritorial Effects of Sanctions. European Economic Review (Forthcoming).

Yotov, Yoto, The Evolution of Structural Gravity: The Workhorse Model of Trade. Contemporary Economic Policy (Aug 2024).

Yotov, Yoto, Luckstead, Jeff, and Larch, Mario, Economic Sanctions and Agricultural Trade. American Journal of Agricultural Economics (May 2024).

Yotov, Yoto, Larch, Mario, Beverelli, Cosimo, and Keck, Alexander, Institutions, Trade and Development: A Quantitative Analysis. Oxford Economic Papers (Apr 2024).

Yotov, Yoto, and Larch, Mario, Estimating the Effects of Trade Agreements: Lessons From 60 Years of Methods and Data. World Economy (Mar 2024).

Yotov, Yoto, Felbermayr, Gabriel, Larch, Mario, and Yalcin, Erdal, On the Heterogeneous Trade and Welfare Effects of GATT/WTO Membership. Weltwirtschaftliches Archiv (Review of World Economics) (Jan 2024).

Egger, Peter, Syropoulos, Constantinos A., Yotov, V. Yoto, and Yotov, Yoto, Analyzing the Effects of Economic Sanctions: Recent Theory, Data, and Quantification. Review of International Economics (Jan 2024).

Yotov, Yoto, Larch, Mario, and Tan, Shawn, A simple method to quantify the ex-ante effects of deep trade liberalization and hard trade protection. Journal of Comparative Economics (Dec 2023).

Syropoulos, Constantinos A., Felbermayr, Gabriel, Kirilakha, Aleksandra, Yalcin, Erdal, and Yotov, Yoto, The Global Sanctions Data Base - Release 3: COVID-19, Russia, and Multilateral Sanctions. Review of International Economics (Jun 2023).

Yotov, Yoto, Syropoulos, Constantinos A., Syropoulos, Constantinos, Kirilakha, Aleksandra, Felbermayr, Gabriel, and Yalcin, Erdal, The Global Sanctions Data Base - Release 3: COVID-19, Russia, and Multilateral Sanctions. Review of International Economics (Jun 2023).

Yotov, Yoto, and Syropoulos, Constantinos A., Reflections on the Impact of Economic Sanctions. EconPol (Apr 2023).

Yotov, Yoto, and Anderson, James E., European Integration and the Extensive Margins of Trade. Voxeu.org (Mar 2023).

Morgan, Clifton T., Syropoulos, Constantinos, and Yotov, Yoto, Economic Sanctions: Evolution, Consequences, and Challenges. Journal of Economic Perspectives (Feb 2023).

Yotov, Yoto, Syropoulos, Constantinos A., and Kwon, Ohyun, Extraterritorial sanctions: A stick and a carrot. Voxeu.org (Mar 2022).

Yotov, Yoto, Yalcin, Erdal, and Larch, Mario, Valuing the impact of the World Trade Organization. UK department of International Trade (Mar 2022).

Ghosh, Ishan, Larch, Mario, Murtazashvili, Irina, and Yotov, Yoto, Negative Trade Shocks and Gender Inequality: Evidence from the USA. Economica 89 (Year 2022):564-591.

Yotov, Yoto, On the Role of Domestic Trade Flows for Estimating the Gravity Model Articles of Trade. Contemporary Economic Policy 40 (Feb 2022):526- 540.

Yotov, Yoto, Larch, Mario, Freeman, Rebecca, and Theodorakopoulos, Angelos, Quantifying the full impact of country-specific policies on trade flows. Voxeu.org (Dec 2021).

Felbermayr, Gabriel, and Yotov, Yoto, From theory to policy with gravitas: A solution to the mystery of the excess trade balances. European Economic Review (Aug 2021).

Yotov, Yoto, Egger, Peter, Larch, Mario, and Nigai, Sergei, Trade Costs in the Global Economy: Measurement, Aggregation and Decomposition. World Trade Organizations’ WTO Trade Cost Index (Jul 2021).

Felbermayr, Gabriel, Morgan, Cliff, Syropoulos, Constantinos A., and Yotov, Yoto, Understanding Economic Sanctions: Interdisciplinary Perspectives on Theory and Evidence. European Economic Review 135 (Jun 2021).

Laincz, Christopher, Matschke, Xenia, and Yotov, Yoto, Policy and Politics: Trade Adjustment Assistance in the Crossfire. Canadian Journal of Economics (Jun 2021).

Felbermayr, Gabriel, Kirilakha, Aleksandra, Syropoulos, Constantinos, Yalcin, Erdal, and Yotov, Yoto, The Global Sanctions Data Base. European Economic Review (May 2021).

Felbermayr, Gabriel, and Yotov, Yoto, A Solution to the Mystery of the Excess Trade Balances. Voxeu.org (May 2021).

Heid, Benedikt, Larch, Mario, and Yotov, Yoto, Estimating the Effects of Non-discriminatory Trade Policies within Structural Gravity Models. Canadian Journal of Economics (Mar 2021).

Borchert, Ingo, Larch, Mario, Shikher, Serge, and Yotov, Yoto, Disaggregated Gravity: Benchmark Estimates and Stylized Facts from a New Database. Review of International Economics (Mar 2021).

Yotov, Yoto, Syropoulos, Constantinos A., Felbermayr, Gabriel, Kirilakha, Aleksandra, and Yalcin, Erdal, The &#-775232;Global Sanctions Data Base&#-775232;: Mapping international sanction policies from 1950-2019. Voxeu.org (Mar 2021).

Anderson, James E., and Yotov, Yoto, Where Was Globalization Hiding? And How Far Might It Go?. Voxeu.org (Nov 2020).

Anderson, James E., and Yotov, Yoto, Short Run Gravity. Journal of International Economics 126 (Sep 2020).

Borchert, Ingo, Larch, Mario, Shikher, Serge, and Yotov, Yoto, The International Trade and Production Database for Estimation (ITPD-E). International Economics (Aug 2020).

Yotov, Yoto, Larch, Mario, Flach, Lisandra, and Steininger, Marina, Die volkswirtschaftlichen Kosten der Sanktionen in Bezug auf Russland. ifo report (Aug 2020).

Anderson, James E., Larch, Mario, and Yotov, Yoto, Transitional Growth and Trade with Frictions: A Structural Estimation Framework. Economic Journal 130 (Aug 2020):1583-1607.

Felbermayr, Gabriel, Kirilakha, Aleksandra, Syropoulos, Constantinos A., Yalcin, Erdal, and Yotov, Yoto, The Global Sanctions Data Base. Voxeu.org (Jun 2020).

Garfinkel, Michelle R., Syropoulos, Constantinos A., and Yotov, Yoto, Arming in the Global Economy: The Importance of Trade with Enemies and Friends. Journal of International Economics 123 (Mar 2020).

Anderson, James E., Larch, Mario, and Yotov, Yoto, Trade and Investment in the Global economy: A multi-country dynamic analysis. European Economic Review 120 (Nov 2020).

Larch, Mario, Monteiro, Jose Antonio, Piermartini, Roberta, and Yotov, Yoto, Trade effects of WTO: They are real and they are spectacular. Voxeu.org (Oct 2019).

Anderson, James E., Larch, Mario, and Yotov, Yoto, Trade and Investment in the Global Economy. Voxeu.org (Jul 2019).

Agnosteva, Delina, Anderson, James E., and Yotov, Yoto, Intra-national Trade Costs: Assaying Regional Frictions. European Economic Review 112(C) (Dec 2019):32-50.

Baier, Scott, Yotov, Yoto, and Zylkin, Thomas, On the Widely Differing Effects of Free Trade Agreements: Lessons from Twenty Articles Years of Trade Integration. Journal of International Economics (Jan 2019).

Larch, Mario, Wanner, Joschka, Yotov, Yoto, and Zylkin, Thomas, PPML with High-Dimensional Fixed Effects: A Reassessment of the Currency Union Effects on Trade. Oxford Bulletin of Economics and Statistics (Nov 2018).

Larch, Mario, Wanner, Joschka, and Yotov, Yoto, On the Bi- and Uni-lateral Trade Effects of EMU Membership. Economics Letters (Oct 2018).

Anderson, James E., Larch, Mario, and Yotov, Yoto, Estimating General Equilibrium Trade Policy Effects: GE PPML. The World Economy (Oct 2018).

Anderson, James E., Borchert, Ingo, Mattoo, Aaditya, and Yotov, Yoto, Dark Costs, Missing Data: Shedding Some Light on Services Trade. European Economic Review (Jun 2018).

Baier, Scott, Yotov, Yoto, and Zylkin, Thomas, One Size Does Not Fit All: On the Heterogeneous Impact of Free Trade Agreements. Voxeu.org (Jun 2017).

Korschun, Daniel, Dimitrova, Boryana V., and Yotov, Yoto, America’s worsening global reputation could put billions in US exports at risk. The Conversation / Salon / International Business Times (May 2017).

Borchert, Ingo, and Yotov, Yoto, Distance, Globalization, and International Trade. Economics Letters (May 2017).

Larch, Mario, and Yotov, Yoto, On the Impact of TTIP in Southeastern and Eastern Europe: A Quantitative Analysis. Economic Thought (Mar 2017).

Iliev, Dragomir, Stefanov, Galin, and Yotov, Yoto, Estimating Bulgaria’s Trade Borders with the EU: An Application of the Empirical. Business Management (Nov 2016).

Dimitrova, Boryana, Korschun, Daniel, and Yotov, Yoto, On the Effects of Country Reputation on International Trade. International Marketing Review (Sep 2016).

Anderson, James E., Vesselovsky, Mykyta, and Yotov, Yoto, Gravity with Scale Economies. Journal of International Economics 174-193 (May 2016):174-193.

Anderson, James E., Borchert, Ingo, Mattoo, Aaditya, and Yotov, Yoto, Shedding Some Light on Dark Matter: Trade Costs in Services. Voxeu.org (Apr 2016).

Anderson, James E., and Yotov, Yoto, Terms of Trade and Global Efficiency Effects of Free Trade Agreements, 1990-2002. Journal of International Economics 99 (Mar 2016):279-298.

Bergstrand, Jeffrey, Larch, Mario, and Yotov, Yoto, Economic Integration Agreements, Border Effects, and Distance Elasticities in the Gravity Equation. European Economic Review 78 (Jul 2015):307-327.

Uysal, Pinar, Yotov, Yoto, and Zylkin, Thomas, Firm Heterogeneity and Trade-Induced Layoffs: An Empirical Investigation. European Economic Review 75 (Apr 2015):80-97.

Anderson, James E., Milot, Catherine A., and Yotov, Yoto, How Much Does Geography Deflect Services Trade? Canadian Answers. International Economic Review 55 (Aug 2014):791-818.

Dai, Mian, Yotov, Yoto, and Zylkin, Thomas, On the Trade-diversion Effects of Free Trade Agreements. Economics Letters (Feb 2014).

Yotov, Yoto, A Simple Solution to the Distance Puzzle in International Trade. Economics Letters 117 (Jul 2012).

Olivero, Maria P., and Yotov, Yoto, Dynamic Gravity: Theory and Empirical Implications. Canadian Journal of Economics 45 (Feb 2012).

Anderson, James E., and Yotov, Yoto, Good News on Free Trade Agreements. Voxeu.org (May 2011).

Dinopoulos, Elias, Syropoulos, Constantinos A., Xu, Bin, and Yotov, Yoto, Intraindustry Trade and Wage-Income Inequality: Theory and Evidence. Journal of International Economics 84 (May 2011):15-25.

Anderson, James E., and Yotov, Yoto, The Changing Incidence of Geography. American Economic Review 100 (Dec 2010):2157-86.

Yotov, Yoto, Trade-Induced Unemployment: How Much Do we Care?. Review of International Economics 18 (Nov 2010):972-989.

Books

Yotov, Yoto, Piermartini, Roberta, Monteiro, Jose Antonio, and Larch, Mario, An Advanced Guide to Trade Policy Analysis: The Structural Gravity Model. Geneva: United Nations and World Trade Organization, (Forthcoming).

Chapters

Yotov, Yoto, “Deep Trade Agreements and Foreign Direct Investment.” Beyond Trade: How deep trade agreements shape non-trade outcomes, Ed. Fernandes, Rocha, and Ruta. CEPR/Vox eBook: CEPR/Vox eBook, (2023): .

Yotov, Yoto, “The Global Sanctions Data Base: Mapping international sanction policies from 1950-2019.” Consequences of the War Debate, eBook : VoxEU/CEPR eBook , (2022): .

Dai, Mian, Felbermayr, Gabriel, Kirilakha, Aleksandra, Syropoulos, Constantinos A., Yalcin, Erdal, and Yotov, Yoto, “Timing the Impact of Sanctions on Trade.” Research Handbook on Economic Sanctions, Ed. Peter A.G. van Bergeijk. Cheltenham, UK: Edward Elgar, (2022): .

Kirilakha, Aleksandra, Felbermayr, Gabriel, Syropoulos, Constantinos A., Yalcin, Erdal, and Yotov, Yoto, “The Global Sanctions Data Base: An Update that Includes the Years of the Trump Presidency.” Research Handbook on Economic Sanctions, Ed. Peter A.G. van Bergeijk. Cheltenham, UK: Edward Elgar, (2022): .

Baier, Scott, Kerr, Amanda, and Yotov, Yoto, “Gravity, Distance, and International Trade.” Handbook of International Trade and Transportation, USA: Edward Elgar, (2018): .

Larch, Mario, and Yotov, Yoto, “On the Economic Impact of FDI and Trade Liberalization in the Asia-Pacific Region: A Structural Quantitative Analysis.” Asia-Pacific Trade and Investment Report (APTIR), Asia: United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), (2017): .

Awards

2023 Best Paper Award or 2022 (Contemporary Economic Policy)
2023 DG BROW Fellow (European Commission )
2023 Medal of Honor (D.A. Tsenov Academy of Economics)
2023 Dean’s Research Fellowship (LeBow College of Business)
2023 The Lindback Award for Distinguished Teaching (Drexel University)
2023 Dean’s Excellence in Service Award (LeBow College of Business, Drexel University )
2023 LeBow Excellence in Service Award (LeBow College of Business, Drexel University )
2023 International Experience Funding Award (Drexel University, Office of Global Engagement)
2023 LeBow Excellence in Teaching Award (LeBow, Drexel)
2020 Fulbright Specialist Roster (The Fulbright Scholar Program)
2020 Dean’s Excellence in Service Award (LeBow College of Business, Drexel)
2019 Keynote Lecture (III Jornadas de Investigacoin en Internacionalizacion)
2019 Keynote Lecture at the Annual IATRC Meeting (The International Agricultural Trade Research Consortium (IATRC))
2019 Distinguished Visiting Professor (University of Tübingen, Summer 2019, Germany)
2018 Keynote Lecture EGIT Conference (University of Vienna)
2016 Provost Award for Outstanding Mid-career Scholarly Achievement (Drexel University)
2015 Research Fellow (CESifo Research Network)
2013 Outstanding Faculty Mentor Award (Drexel University)
2010 Allen Rothwarf Award for Teaching Excellence (Drexel Univeristy)
2009 Excellence in Teaching Award (Drexel University, LeBow College of Business)
2009 Excellence in Research Award (LeBow College of Business)
2007 Donald and Helene White Prize for Best Dissertation in the Social Sciences (BC)
2006 Donald J. White Teaching Excellence Award (Boston College)

Service

Business Management – Associate Editor (2023–Present)
Economics Letters – Associate Editor (2023–Present)
Review of International Economics – Associate Editor (2023–Present)
Economics Letters – Associate Editor (2020)