Faculty | IE Business School

We use both our own and third-party cookies to enhance our services and to offer you the content that most suits your preferences by analysing your browsing habits. Your continued use of the site means that you accept these cookies. You may change your settings and obtain more information here. Accept


At a time when European unemployment rates are soaring, particularly in countries such as France  and Germany, the research of Gayle Allard, a Californian, on the effects of welfare-state policies on employment and unemployment is of particular relevance. 

Her most recent areas of focus include how the welfare state affects productivity as well as jobs, and what effect immigration flows have on the labour market. She has developed an indicator for employment-protection legislation that covers all of the OECD countries since 1950, and a new indicator for the generosity of unemployment benefits, called the net reservation wage, for the same countries and period.  

“It’s fascinating to see how  implementing and even just administering these policies differently gives rise to very different results,” she says. “I’m also doing a lot of research and data mining on immigration because, with an aging population and a declining native population, that is becoming a real challenge for Europe.”

And as with her research, Prof Allard’s teaching of economic environment and international economics is always done in reference to what is happening in the real world. “I try to touch on everything that’s relevant to business,” she says. “I give real life examples constantly and I’m always bringing up comparative data, different models and different approaches. Operating at the level of the ivory tower just doesn’t seem intuitive and it is natural to me to deal with the real world.” 


Academic Background

  • PhD in Economics, University of California at Davis, USA
  • MA in International Economics, Johns Hopkins School of Advanced International Studies, USA
  • MA in Hispanic Studies, Monterey Institute of International Studies, USA
  • BA with honours in Political Science, Willamette University, USA


Academic Experience

  • Vice Rector of Research, IE University, May 2008 to Sept. 2009
  • Professor of Economic Environment and Country Analysis, IE Business School, September 2002 to present
  • Head of Department of Economic Environment, IE Business School, 2006 – 2008
  • Economics professor for European MBA ESCP-EAP, European School of Management, 1992 to 2000
  • Economics professor at Centre for International Studies, Spain, 1992 to 1998
  • Economics and Spanish history professor for University of Maryland, 1985 to 1994
  • Economics professor, Economics Department Co-ordinator, Member of Admissions Committee, Saint Louis University in Madrid, Spain, 1988 to 1991


Corporate Experience

  • Economist, JP Morgan, Madrid, Spain, 1996 to 1998
  • Research Economist, The Economist Intelligence Unit, 1990 to present

Latest publications

  • Is Chinese FDI in Africa Different?

    Allard, G. In Alon,I. Fetcherin,M. Gugler,P. (Eds). Chinese International Investments. New York: Palgrave Macmillan, 2011
  • Political instability, pro-business market reforms and national systems of innovation

    Allard, G., Martínez, C.A., Williams, C. Research Policy, Vol. 41(3): 638-651, 2011
  • Foreign direct investment and social policy: the links in developing countries

    Allard, G., Martínez, C.A. The Journal of Business in Developing Nations, Vol. 11: 77-113, 2009

Gayle Allard's appearances in media