Yoto Yotov, PhD

Candid photo of Yoto Yotov

Yoto V. Yotov is a Professor at the School of Economics of the LeBow College of Business at Drexel University and a Research Professor and Senior Researcher at the ifo Center for International Economics of the ifo Institute, Leibniz Institute for Economic Research at the University of Munich. He is also an Associated Research Fellow at the Economic Research Institute of the Bulgarian Academy of Sciences. Yotov received a Bachelor of International Economic Relations from the “D. A. Tsenov” Academy of Economics (Svishov, Bulgaria) in 2000, and a double B.A./B.S. degree in Economics from Truman State University (Kirksville, USA) in 2002. He continued his education at Boston College, where he completed a Master degree in 2004 and defended his Ph.D. with an award for best dissertation in 2007. Yotov accepted his first academic job as an Assistant Professor at Drexel in 2007, where he earned tenure and promotion to Associate Professor in 2013, then became Full Professor in 2018.

Yotov’s research interests are in the field of international trade. His main scholarly contributions are in the area of structural modeling and estimation with the gravity model, measurement and aggregation of trade costs, and quantifying the effects of international trade on various economic outcomes. In addition, he has papers that study sanctions and the political economy of trade policy. Yotov’s articles appear in leading economic journals including The American Economic Review, The International Economic Review, The Journal of International Economics, The European Economic Review and other respected journals. In terms of research impact and productivity, as measured by RePec’s rankings (July, 2018), Yotov is in the top 2% of all economists based on publications over the past 10 years, the top 3% of all international trade economists, and the top 6% of all economists. He is the top 200 authors with less than 15 years of publication record, and he aged off in the top 50 RePec list of young economists with less than 10 years of publication record in 2017, and in the top 100 young economists with less than 5 years of publications in 2012.

Yotov’s efforts to produce theoretically grounded and empirically tested policy relevant research are reflected in a series of consulting projects and advising that he has done for the World Trade Organization, the World Bank, the European Commission (through Ifo Institute), the United Nations, the United States International Trade Commission, the Department of Foreign Affairs and International Trade Canada, Industry Canada, the Inter- American Development Bank, the Ifo Center for International Economics, and the Public Policy Forum Canada. Yotov’s research has also been funded by the International Growth Center at the London School of Economics, the Center for Corporate Reputation Management at Drexel, and the Centre for Corporate Reputation at Oxford University.

In addition to his academic work and teaching at Drexel, Yotov has taught previously at the Woodrow Wilson School of Public and International Affairs at Princeton University, at the University of Munich, and at Boston College, and he has held visiting positions at the World Trade Organization, the CESifo Group, the Centre for Trade and Economic Integration at the Graduate Institute Geneva, the University of Bayreuth, and the National University of Singapore, among others. Most recently, Yotov has been traveling around the globe to teach his mini course on trade policy analysis and to promote his book “An Advanced Guide to Trade Policy Analysis: The Structural Gravity Model” with Larch, Monteiro, and Piermartini (Co-published by the United Nations and by the World Trade Organization in Geneva).

Areas of Expertise

  • International Trade

Selected Works


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):

Agnosteva, Delina, Anderson, James E., and Yotov, Yoto, Intra-national Trade Costs: Assaying Regional Frictions. European Economic Review (Dec 2018):

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, 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):

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

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

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

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

Yotov, Yoto, Uysal, Pinar, 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. The 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.


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)


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):

Editorial Board Service

Member – Economics 21 , Tsenov Academy of Economics (2017)
Member – Business Management , Tsenov Academy of Economics (2017)
Member – Economics 21, Tsenov Academy of Economics (2018)
Member – Business Management, Tsenov Academy of Economics (2018)
Member – Review of International Economics, Review of International Economics (2018)
Guest Editor – European Economic Review, European Economic Review (2018)


BA International Economics - Tsenov Academy of Economics, Bulgaria, 2000
BA BS Economics - Truman State University, Kirksville, MO 2002
MA Economics - Boston College, Boston, MA USA 2003
PhD Economics - Boston College, Boston, MA USA 2007

Professional Experience

Other -Industry Canada, Consultant, Ottawa, Sep 2007 - Mar 2008
Other -The World Bank, Consultant, Washington DC, Jan 2012 - Jun 2012
Other -Public Policy Forum, Consultant, Ottawa, Apr 2013 - Sep 2013
Academic-American University in Bulgaria, Member University Council, Jan 2014 -
Academic-World Trade Organization, Visiting Scholar, Geneva, Jul 2014 - Jul 2014
Academic-CTEI, Visiting Research Fellow, Geneva, Jul 2014 - Jul 2014
Academic-Bulgarian Academy of Sciences, Visiting Scholar, Sofia, Aug 2014 - Aug 2014
Academic-Princeton University, Visiting Associate Professor, Sep 2014 - Jan 2015
Academic-University of Bayreuth, Visiting Scholar, Bayreuth, Oct 2014 - Nov 2014
Other -DFAIT Canada, Consultant, Ottawa, Multiple Times, Nov 2014 - Mar 2015
Academic-Ifo Institute, Visiting Scholar, Munich, Jun 2015 - Jul 2015
Other -World Trade Organization, Consultant, Geneva, Jul 2015 - Jul 2015
Academic-Princeton University, Visiting Associate Professor, Sep 2015 - Jan 2016


2016 Provost Award for Outstanding Mid-career Scholarly Achievement (Drexel University)
2015 Research Fellow (CESifo Research Network)
2014 Visiting Scholar Travel Grant (Bavarian Graduate Program in Economics)
2014 Deans Excellence in Service Award (LeBow College of Business, Drexel)
2013 Distinguished Fellow, Center for Teaching Excellence (LeBow College of Business)
2013 Outstanding Faculty Mentor Award (Drexel University)
2012 Associated Fellow (Economic Research Institute, Bulgarian Academy of Sciences)
2012 Fellow, Drexel Center for Academic Excellence (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)