The below information is as of September 30, 2016. It may differ from the current information.



Consulting Fellow (until September 30, 2016)

Deputy Head of Office, IMF's Regional Office for Asia and the Pacific (OAP)

Activities at RIETI


Foreign Direct Investment, Technology Spillovers, Economic Growth and Innovation


1998 Ph.D. in Economics, New York University
1991 M.A. in Economics, Boston University
1989 B.A. in Commerce, Waseda University


2013-Present Assistant to the Director, Office for Asia and the Pacific, IMF
2008 Economist/Senior Economist, European Department, IMF
2002 Economist, IMF Institute (currently ICD), IMF
2001 Assistant Professor of Economics, Department of Economics, Hunter College, City University of New York
2001 Visiting Professor, University of Michigan Business School
1998 Assistant Professor of Economics, Charles University, Center for Economic Research and Graduate Education-Economic Institute (CERGE-EI) , Prague. Czech Republic

Selected Publications and Papers


How Emerging Europe Came Through the 2008/09 Crisis, Chapter 2: Washington DC: International Monetary Fund, 2012 (edited by Bakker and Klingen).

Foreign Direct Investment in the Czech Republic Prior to Joining the European Union, Chapter 2: CERGE-EI, Prague, Czech Republic, 2010 (edited by Petr Zemcik).

Managing Development: Globalization, Economic Restructuring and Social Policy, Chapter 10: Routledge, New York, NY, 2006 (edited by Junji Nakagawa).

Working Papers

"Sectoral Composition of Foreign Direct Investment and External Vulnerability," IMF Working Paper WP/11/123, May 2011.

"Foreign Direct Investment and Structural Reform: Evidence from Eastern Europe and Latin America," (with Nauro Campos), CEPR Discussion Paper No. 6690, 2008.

"On the Role of Absorptive Capacity: FDI Matters to Growth," (with Chia-Hui Lu), University of Michigan William Davidson Institute Working Paper Series, No. 845, 2006.

"Why does FDI Go Where It Goes? Evidence from Transition Economies," (with Nauro Campos), IMF Working Paper WP/03/228, 2003.

"R&D and Technology Spillovers through FDI: Innovation and Absorptive Capacity," CEPR Discussion Paper No. 2775, 2000.

"Technology Spillovers through Foreign Direct Investment," University of Michigan William Davidson Institute Working Paper No. 221, 1999.

"Firm Size and the Determinants of Foreign Direct Investment," CERGE-EI Working Paper No. 135, 1998.

Papers Published in Refereed Journals

"Structural Reforms, Financial Liberalization and Foreign Direct Investment," (with Nauro Campos) (2010), IMF Staff Papers, Vol. 57, No. 2, 326-365.

"Foreign Direct Investment as Technology Transferred: Some Panel Evidence from Transition Economics," (with Nauro Campos) (2002), The Manchester School, Vol.70, No. 3, 368-419.

"Private Information for Foreign Investment in Emerging Economies," (with Ashoka Mody) (2001), Canadian Journal of Economics 34, 448-464.

Other Publications

"Foreign Direct Investment and the Crisis: Is This Time Different?" IMF Research Bulletin (March 2012).

"Reforming to Attract Foreign Investors," (March 2008) published in blog at VoxEu:

"Is Foreign Direct Investment a Panacea?" IMF Research Bulletin (March 2008).