Luis Garicano is a leading researcher in topics such as the impact of technology on economic growth and on the organization of the economic activity, or the future of work in the knowledge economy.
He joined IE in 2017, as professor of Economics and Strategy and as head of the Center for the Digital Economy. The center will fund and organize research activities in the fields of economics, business, sociology and law and will develop courses for the IE Business School students, as well as lectures to disseminate the center´s research.
Garicano has developed an extensive academic career at the University of Chicago and the London School of Economics, where he has been Full Professor and Chair; in addition, he has been visiting professor at other institutions, among others MIT and London Business School. Likewise, he has held positions as an economist of the European Commission and McKinsey & Company, where he has also held a named chair with the FEDEA foundation.
Garicano’s research focuses on the impact of management practices and technology on aggregate economic variables like the wage distribution, productivity or economic growth. He has also studied how specific digital technologies are transforming the economy, for instance, business to business electronic commerce, portable computing, enterprise resource planning or, currently, blockchain. His research has shown that it is the interaction between technology and its implementation, through organizational change, that really matters to induce productivity and change. His current lines of research also include building the institutions to avoid new economic crisis in the Eurozone. The European Central Bank and the European Commission are currently considering officially some of the solutions for the design of the Eurozone (such as the European Safe Bonds ESBies) that he proposed with a broader group of economists (“euro-nomics”).
Luis Garicano holds bachelor’s degrees in Economics and Law from Universidad de Valladolid, a Master’s degree in European Economic Studies from the College of Europe in Bruges, and a Master’s degree and a Ph.D. in Economics from the University of Chicago.
He was recently elected Vice President of ALDE (Alliance of Liberals and Democrats for Europe), and he currently heads the area of Economy and Employment for Spain’s Ciudadanos party. He has contributed as a columnist to international and Spanish media including Financial Times, Wall Street Journal, El País and El Mundo.
His research appears in leading international academic journals such as The Quarterly Journal of Economics, The Journal of Political Economy, The American Economic Review and The Review of Economic Studies.
- Garicano, L., Hubbard, T.N. (2018). “Earnings Inequality and Coordination Costs: Evidence from US Law Firms”. The Journal of Law, Economics, and Organization, Vol. 34(2): 196-229
- Garicano, L.& Rayo, L. (2017). “Relational Knowledge Transfers”. American Economic Review, Vol. 107(9): 2695-2730
- Garicano, L.& Steinwender, C. (2016). “Survive Another Day: Using the Composition of Investments to Measure the Impact of Credit Constraints”. The Review of Economics and Statistics, Vol. 98(5): 913-924
- Garicano, L., Lelarge, C. & van Reenen, J. (2016). “Firm Size Distortions and the Productivity Distribution: Evidence from France”. American Economic Review, Vol.106(11): 3439-79