Curriculum Vitae

Sergei M. Guriev

Personal Information

Date of birth:  October 21, 1971
Family status:  Married, two children
Citizenship: Russian Federation

Research Interests

Microeconomics, Political Economics, Economics of Development and Transition, Labor Mobility

Current Position and Affiliations

Chief Economist, European Bank for Reconstruction and Development

Professor of Economics (on leave), Sciences Po, Paris

Research Fellow, Center for Economic Policy Research, London

Education and degrees

2002 Russian Academy of Sciences
Degree: Doctor of Science in Economics (habilitation degree)
Thesis:  Non-Monetary Transactions in Russian Economy

1993-94  Russian Academy of Sciences, Postgraduate Studies
Degree: Ph.D. (Candidate of Science) in Physics and Math,
Thesis:  Some Mathematical Models of Saving and Investment

1988-93 Moscow Institute of Physics and Technology (MIPT), 6 year program
Department of Management and Applied Mathematics,
GPA: 5.0 out of 5.0
Degree:  Master of Science Summa Cum Laude
Major: Economics and Computer Science

1992-93  MIPT Management School (2 year program)
GPA:  5.0 out of 5.0
Degree:  Postgraduate Certificate in Management
Major:  Management Accounting

Work Experience

1998-2013 New Economic School, Moscow
Professor of Economics (since 2008)
Associate Professor of Economics (with tenure, 2004-08)
Assistant Professor of Economics  (1999-2004)
Lecturer in Economics (1998-99)
Rector (2004-13)

2013-2014 Visiting Professor of Economics,
Department of Economics, Sciences Po, Paris

2003-2004 Visiting Assistant Professor of Economics,
Department of Economics, Princeton University

1997-98  Visiting Scholar,
Department of Economics, Massachusetts Institute of Technology

1998-2000 Senior Economist (part-time),
Russian-European Center for Economic Policy

1993-98 Senior Research Fellow,
Department of Mathematical Modeling of Economic Systems, Computing Center of Russian Academy of Science

Papers in refereed journals


Maxim Ananyev and Sergei Guriev. The effect of income on trust: the evidence from 2009 crisis in Russia.  Economic Journal, accepted.

Guriev, Sergei (2018) "Gorbachev vs. Deng: A Review of Chris Miller’s The Struggle to Save the Soviet Economy." Journal of Economic Literature, forthcoming.

Guriev, Sergei (2018). “Economic Drivers of Populism.” American Economic Review: Papers and Proceedings, 108(2), forthcoming.

Guriev, Sergei (2018). “Soft Budget Constraints and State Capitalism.” Acta Oeconomica, 68 (S), pp. 115–124. [Special Issue in Honor of Janos Kornai]

Algan, Yann, Sergei Guriev, Elias Papaiaonnou, and Evgenia Passari (2017) "The European Trust Crisis and the Rise of Populism." Brookings Papers on Economic Activity.

Cheremukhin, Anton, Mikhail Golosov, Sergei Guriev, and Aleh Tsyvinski (2017). "The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model." Review of Economic Studies, 84(2): 613-649.

Guriev, Sergei, and Nikita Melnikov (2016). “War, Inflation, and Social Capital.” American Economic Review: Papers and Proceedings, 106(2).

Sergei Guriev and Mikhail Klimenko (2015). "Duration and Term Structure of Trade Agreements." Economic Journal, 125, 1818–1849.

Sergei Guriev and Elena Vakulenko (2015). “Internal migration and interregional convergence in Russia.”  Journal of Comparative Economics, 43: 633-649.

Bhattacharya, Sudipto, and Sergei Guriev (2013). “Control rights over intellectual property”. Journal of Industrial Economics, LXI(3), 564-591.

Friebel, Guido, and Sergei Guriev (2012). “Earnings manipulation and incentives in firms.” Journal of Economics and Management Strategy, 21(4), 1007-1027.

Kolotilin, Anton, Sergei Guriev, and Konstantin Sonin (2011). “Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data.” Journal of Law, Economics, and Organization, 27(2), 301-323.

Guriev, Sergei, Evgeny Yakovlev and Ekaterina Zhuravskaya (2010). “Interest Group Politics in a Federation.” Journal of Public Economics, 94(9-10), 730-748.

Egorov, Georgy, Sergei Guriev, and Konstantin Sonin (2009). “Why Resource-Poor Dictators Allow Freer Media: A Theory and Evidence from Panel Data.” American Political Science Review, 103(4), 645-668.

Guriev, Sergei, and Dmitriy Kvasov (2009). "Imperfect competition in financial markets and capital structure." Journal of Economic Behavior and Organization, 72(1), 131-146.

Guriev, Sergei, and Ekaterina Zhuravskaya (2009). “(Un)Happiness in Transition.” Journal of Economic Perspectives, 23(2), 143-68.

Guriev, Sergei and Konstantin Sonin (2009). “Dictators and Oligarchs: A Dynamic Theory of Contested Property Rights.” Journal of Public Economics, 93, 1–13.

Friebel, Guido, Sergei Guriev, Russell Pittman, Elizaveta Shevyakhova, Anna Tomova (2007). “Railroad Restructuring in Russia and Central and Eastern Europe: One Solution for All Problems?”  Transport Reviews, 27(3), 251-271.

Bhattacharya, Sudipto, and Sergei Guriev (2006). “Knowledge disclosure, patents and the optimal organization of R&D”. Journal of European Economic Association, 4(6), 1112-1147.

Friebel, Guido, and Sergei Guriev (2006). “Smuggling humans: A theory of debt-financed migration.” Journal of European Economic Association, 4(6), 1085-1111.

Guriev, Sergei, and Dmitriy Kvasov (2005). “Contracting on time.” American Economic Review, 5(5), 1369-1385.

Friebel, Guido, and Sergei Guriev (2005). "Should I stay or can I go: attachment of workers through in-kind payments", World Bank Economic Review, 19(2), 175-202.

Guriev, Sergei, and Andrei Rachinsky (2005). “The Role of Oligarchs in Russian Capitalism.” Journal of Economic Perspectives, Winter 2005, 131-150.

Guriev, Sergei (2004). “Red tape and corruption.” Journal of Development Economics, 73(2), 489-504.

Guriev, Sergei, and Dmitriy Kvasov (2004). “Barter for price discrimination.” International Journal of Industrial Organization, 22(3), 329-350.

Andrienko, Yuri, and Sergei Guriev (2004). “Determinants of Interregional Labor Mobility in Russia.” Economics of Transition, 12(1), 1-27.

Guriev, Sergei (2003). “Incomplete Contracts with Cross-Investments.” Contributions to Theoretical Economics, Berkeley Electronic Journals on Theoretical Economics, 3(1), Article 5.

Guriev, Sergei, Igor Makarov and Mathilde Maurel (2002). “Debt Overhang and Barter in Russia.” Journal of Comparative Economics, 30(4), 635-656.

Guriev, Sergei (2001). “On Microfoundations of Yaari’s Dual Theory of Choice.” Geneva Papers on Risk and Insurance Theory, 26(2), 117-137.

Chapters in books

Guriev, Sergei (2017), “Impact of cycle on growth: human capital, political economy, and non-performing loans”, in Investment and Growth in Advanced Economies, European Central Bank: Frankfurt am Main.

Guriev, Sergei (2015).  “Political Origins and Implications of the Economic Crisis in Russia” in Leon Aron, ed. Putin’s Russia: How It Rose, How It Is Maintained, and How It Might End. American Enterprise Institute: Washington, DC, 2015.

Bhattacharya, Sudipto, d’Aspremont, Claude, Guriev, Sergei, Sen, Debapriya, Tauman, Yair, 2013. “Cooperation in R&D: patenting, licensing and contracting,” in K. Chatterjee, ed. Game Theory and Business Applications, Forthcoming, Springer, 2013.

Friebel, Guido, and Sergei Guriev. “Human Smuggling.” In K. F. Zimmermann, A. Constant, ed. “International Handbook on the Economics of Migration.” Edward Elgar, 2013.

Guriev, Sergei and Aleh Tsyvinski. “Challenges Facing Russian Economy After the Crisis.” In Anders Aslund, Sergei Guriev, Andrew Kuchins, ed. “Russia After the Global Economic Crisis.” Peterson Institute for International Economics, Washington, D.C., 2010.

Guriev, Sergei, Alexander Plekhanov, and Konstantin Sonin “Development Based on Commodity Revenues?” Chapter 4 of the Transition Report 2009 "Transition in Crisis". European Bank for Reconstruction and Development, London, 2009.

Guriev, Sergei. “Oligarchs.” New Palgrave Dictionary of Economics, Second Edition, 2008.

Guriev, Sergei, and Andrei Rachinsky. “The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe” with Andrei Rachinsky, in Davies, James, ed. Personal Wealth from a Global Perspective, Oxford University Press: 2008.

Guriev, Sergei, and William Megginson (2006). “Privatization: What Have We Learned.” In Bourguignon, Francois, and Pleskovic, Boris, ed. Beyond Transition. Proceedings of the 18th ABCDE, World Bank.

Bolton, Patrick, Erik Berglof, Sergei Guriev, and Ekaterina Zhuravskaya (2006). “Corporate Finance in Emerging Market Economies.” In Bourguignon, Francois, and Pleskovic, Boris, ed. Beyond Transition. Proceedings of the 18th ABCDE, World Bank.

Guriev, Sergei and Djavad Salehi-Isfahani (2003) “Microeconomics of Growth Around the World.” in Lyn Squire and Gary McMahon, ed. “Explaining Growth:  A Global Research Project.” Palgrave McMillan.

Guriev, Sergei and Barry Ickes (2000). “Barter in Russian Firms.” in Paul Seabright, ed. 'The Vanishing Ruble: Barter and Currency Substitution in Postcommunist Economies' Cambridge University Press, 2000.

Guriev, Sergei and Barry Ickes (1999). “Russia's Barter Economy.” in Erik Berglof and Pramesh Vaitilingam, ed. 'Stuck in Transit: Rethinking Russian Economic Reform ', chapter 7, CEPR, London.

Papers under review in the refereed journals

Cheremukhin, Anton, Mikhail Golosov, Sergei Guriev, and Aleh Tsyvinski. The Economy of People's Republic of China from 1953.

Barrera, Oscar, Sergei Guriev, Emeric Henry and Ekaterina Zhuravskaya. Facts, Alternative Facts, and Fact Checking in Times of Post-Truth Politics.

Sergei Guriev and Daniel Treisman. How Modern Dictators Survive: An Informational Theory of the New Authoritarianism. Revise and resubmit, Quarterly Journal of Economics.

Sergei Guriev and Daniel Treisman. What Makes Governments Popular?
Revise and resubmit, American Journal of Political Science.

Sergei Guriev, Biagio Speciale,  and Michele Tuccio. How Do Regulated and Unregulated Labor Markets Respond to Shocks? Evidence from Immigrants During the Great Recession.

Guriev, Sergei, and Nikita Melnikov. “Happiness Convergence in Transition Countries.” Revise and resubmit, Journal of Comparative Economics.

Art Durnev and Sergei Guriev. Expropriation Risk, Corporate Transparency, and Growth. Revise and resubmit, Journal of Financial Economics.

Sergei Guriev and Anton Suvorov. Why Less Informed Managers May Be Better Leaders.

Books in Russian

“Myths of Economics”. Alpina Business Books, Moscow, 2006. 2nd Edition: 2009. 3rd and 4th Edition: 2010

“Mathematical models of a demonetized economy.”  Manager, Moscow, 2001.

Professional activities

Member of the Executive Committee, International Economic Association

President, Society for Institutional and Organizational Economics (formerly International Society for the New Institutional Economics) (2016-17)

Co-Editor, Economics of Transition (2007-2016)

Panel Member, Economic Policy (2014-15)

Member of the Scientific Council, BRUEGEL, Brussels (2008-2016)
Member of the Advisory Council, Peterson Institute for International Economics, Washington, DC (2010-13)
Member of the Academic Advisory Board, Blavatnik School of Government, Oxford University (2012-16)

Member of the President of Russia’s Council on Science, Technology, and Education (2008-12).
Member of Government of Russia’s Research Grants Council (2010-12).
Member of the President of Russia’s Commision on the National Projects (2010-12).
Member of Government of Russia’s Commission on Open Government (2012-13).

Past board memberships

Sberbank 2008-14, Russian Agricultural Bank (Rosselkhozbank) 2008-09, Agency for Home Mortgage Lending (AIZhK) 2008-12, Russia Venture Company 2009-13, Alfa-Strakhovanie Insurance Company 2009-13, E.ON Russia 2013-14, Dynasty Foundation 2007-15.

Certificate in Company Directorship, Institute of Directors, London, 2010.

Awards, scholarships, individual grants 

2010 Best Independent Director, Association of Managers of Russia
2009, 2010 Top 100 of President of Russia's Reserve of Management Cadre
2009 Bill Maynes Award, Eurasia Foundation, Washington D.C.
2009, 2010 "Independent Director of the Year" Prize,
National Association of Independent Directors, Moscow, Russia
2009 Second Prize Medal for Research on Foreign Direct Investment and Natural Resources, Global Development Network
2006-11 Young Global Leader,
World Economic Forum, Davos
2005 First Place Medal for Outstanding Research on the Conflict, Security, and Migration, Global Development Network
2002  Teaching Excellence Award, 10th Anniversary of the New Economic School
2001  Best Academic Manager, Russian Academy of Science
2001 Young Economist Essay Prize, European Association for Research in Industrial Economics (EARIE)
2000 Gold Medal for Best Research on the Institutional Foundations of Market Economy, Global Development Network
1997-98 Scholarship, Regional Scholar Exchange Program, US Information Agency and International Research Exchange Bureau
1996-99 Honorary Research Fellowship, Wolverhampton Business School, UK
1997-98 Research Grant "Russia's Social Sciences: The New Perspective",
1995-96 Russian Science Foundation and Ford Foundation
1995   Prize for Best Research Work of a Young Researcher, Research Competition, the 40th Anniversary of the Computing Center, Russian Academy of Science
1994-95 Research Grant "Young Economists of Russia", IRIS Research Center, University of Maryland and CEMI, Moscow
1992-93 Academician Lavrentiev's Scholarship of Distinction,  Moscow Institute of Physics and Technology
1988   Medal of Distinction at high school graduation,  Kiev Physics and Mathematics School No.145