Ṣebnem Kalemli-Özcan is an economist and the Neil Moskowitz Professor of Economics and Finance at the

University of Maryland, College Park The University of Maryland, College Park (University of Maryland, UMD, or simply Maryland) is a public land-grant research university in College Park, Maryland. Founded in 1856, UMD is the flagship institution of the University System of Mary ...

. She is a co-editor of the

Journal of International Economics The ''Journal of International Economics'' is a peer-reviewed academic journal in the field of economics. The journal publishes articles on both theoretical and empirical aspects of international economics. Various topics covered include trade pat ...

, on the board of editors of the

American Economic Review The ''American Economic Review'' is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of ec ...

, an associate editor of the

Journal of the European Economic Association The ''Journal of the European Economic Association'' is a peer-reviewed academic journal covering all aspects of economics. It was established in 2003 and is published by Wiley-Blackwell on behalf of the European Economic Association. The current m ...

and an associate editor of the

Journal of Development Economics The ''Journal of Development Economics'' is a bimonthly peer-reviewed academic journal published by Elsevier. It was established in 1974 and is considered the top field journal in development economics. Its editor-in-chief from 1985 to 2003 was Pr ...

. She is a research fellow at the NBER and CEPR.

Education and career

She obtained a bachelor's degree from

Middle East Technical University Middle East Technical University (commonly referred to as METU; in Turkish language, Turkish, ''Orta Doğu Teknik Üniversitesi'', ODTÜ) is a public university, public Institute of technology, technical university located in Ankara, Turkey. The ...

and her MA and PhD from

Brown University Brown University is a private research university in Providence, Rhode Island. Brown is the seventh-oldest institution of higher education in the United States, founded in 1764 as the College in the English Colony of Rhode Island and Providenc ...

. In 2007-08 she was a Wim Duisenberg Fellow at the European Central Bank. From 2010 to 2011 she was an advisor to the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

as Lead Economist for the Middle East and North Africa Region. In 2015, she became the Neil Moskowitz Professor of Economics and Finance at the University of Maryland.

Research

Her research focuses on

international finance International finance (also referred to as international monetary economics or international macroeconomics) is the branch of financial economics broadly concerned with monetary and macroeconomic interrelations between two or more countries. Inter ...

economic growth Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of ...

and

development economics Development economics is a branch of economics which deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural ...

. Her works have been cited 12900 times. She studies

foreign direct investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...

(FDI) and has given evidence on why capital flow do not go from developed to developing economies. In a 2008 paper with Laura Alfaro and Vadym Volosovych, she found that the quality of institutions were one of the main reasons. Her research has been featured in

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

NPR National Public Radio (NPR, stylized in all lowercase) is an American privately and state funded nonprofit media organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It differs from other ...

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ma ...

, and the

Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...

Selected works

* Alfaro, Laura, Areendam Chanda, Sebnem Kalemli-Ozcan, and Selin Sayek. "FDI and economic growth: the role of local financial markets." Journal of international economics 64, no. 1 (2004): 89-112. * Alfaro, Laura, Sebnem Kalemli-Ozcan, and Vadym Volosovych. "Why doesn't capital flow from rich to poor countries? An empirical investigation." The review of economics and statistics 90, no. 2 (2008): 347-368. * Kalemli-Ozcan, Sebnem, Bent E. Sørensen, and Oved Yosha. "Risk sharing and industrial specialization: Regional and international evidence." American Economic Review 93, no. 3 (2003): 903-918. * Kalemli-Ozcan, Sebnem, Harl E. Ryder, and David N. Weil. "Mortality decline, human capital investment, and economic growth." Journal of development economics 62, no. 1 (2000): 1-23. * Alfaro, Laura, Areendam Chanda, Sebnem Kalemli-Ozcan, and Selin Sayek. "Does foreign direct investment promote growth? Exploring the role of financial markets on linkages." Journal of Development Economics 91, no. 2 (2010): 242-256.

Awards and recognition

In 1999, she was nominated Best Young Economist by the

Central Bank of Turkey The Central Bank of the Republic of Turkey, CBRT ( tr, Türkiye Cumhuriyet Merkez Bankası, TCMB, literally "The Turkish Republic Central Bank") is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate pol ...

. In 2008, she won a Marie Curie International Reintegration Grant. In 2017–18, she was Houblon Norman Fellow at the

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...

. She is one of the 50 most cited women in economics according to

IDEAS In common usage and in philosophy, ideas are the results of thought. Also in philosophy, ideas can also be mental representational images of some object. Many philosophers have considered ideas to be a fundamental ontological category of being. ...

References

{{DEFAULTSORT:Kalemli-Ozcan, Sebnem Year of birth missing (living people) Living people American women economists University of Maryland, College Park faculty World Bank people Brown University alumni Middle East Technical University alumni Turkish women economists Turkish economists 21st-century American economists 21st-century American women