Professor Kalina Manova Awarded Leverhulme Prize and ERC Consolidator Grant

Professor Kalina Manova, Senior Tutor in Economics at Christ Church and Associate Professor in the University of Oxford Department of Economics, has been awarded a Leverhulme Prize of £100,000, in recognition of her past research contributions, and a 5-year ERC (European Research Council) Consolidator Grant of €1.46 million to support her future research on international trade and multinational activity involving Global Value Chains (GVCs).

ERC Consolidator Grants recognise leading young scholars who have already made significant contributions to their field of study and are undertaking an ambitious new research agenda that will substantially advance their field. The grants enable scholars to dedicate more time and effort towards developing and completing an innovative research programme over a 5-year period. The Leverhulme Prize recognises significant research contributions by young scholars in the social sciences to their field of expertise. It is awarded annually to 30 scholars in the UK across 6 different social sciences, such that 5 economics awards are made every 3 years.

Professor Manova will use her Leverhulme and ERC awards to advance her research on a key recent phenomenon: the rise of Global Value Chains (GVCs). GVCs revolutionise global trade, as the manufacturing of goods is split into different stages of production carried out by multiple firms in multiple countries. This presents fundamentally new challenges and opportunities for economic growth both at the firm level and for economies as a whole. It also creates complex links between firms and countries, which can impact the transmission of economic shocks across borders.

Overcoming previous challenges to GVC research, Professor Manova will pursue an ambitious research programme on the causes and consequences of firms’ GVC position, looking at unprecedented new data for the two largest export economies, China and the USA, and one of the most open economies, Belgium. She will design and implement innovative new measures to characterise firms’ GVC participation, and examine how firms’ productivity and management practices determine their GVC position, and how GVCs affect firm growth and profitability. She will also study how firms match with buyers and suppliers to form production networks, and how the evolution of production networks relates to firm growth and shock transmission.

You can find out more about these awards on the European Research Council and Leverhulme Trust websites.