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Simeon Djankov ( , Simeon Dyankov; b. 13 July 1970) is a Bulgarianmarker economist, who currently serves as Deputy Prime Minister and Minister of Finance in Bulgaria.

Prior to his cabinet appointment, Simeon Djankov was the chief economist of the finance and private sector vice-presidency of the World Bank. In his fourteen years at the World Bank, he worked on regional trade agreements in North Africa, enterprise restructuring and privatization in transition economies, corporate governance in East Asia, and regulatory reforms around the world. Dr. Djankov was a principal author of the World Development Report 2002. He holds a PhD in economics from the University of Michigan at Ann Arbormarker and has published over 70 articles in academic journals. He is ranked among the 100 Most Cited Economists in the world according to IDEAS/RePEc. Dr. Djankov is also an associate editor of the Journal of Comparative Economics since 2004.

Djankov is married to the American World Bank economist Caroline Freund, and has two children.[385928]

Biography

Early life in Bulgaria and work in Georgia

Born in Sofia, Bulgaria on 13 July 1970, Djankov attended the prestigious language high school in Lovech (1984-89). He was twice national champion in track and field . In 1989, he passed the entrance exam to the Karl Marx Institute of Economics (today University of National and World Economymarker) with the highest scores nationally .

In 1997, Simeon Djankov participated in a World Bank enterprise restructuring project in Georgia. For the next year, the project surveyed most of the manufacturing enterprises in Georgia, identifying those with good export opportunities.

Since 2004, after the Rose Revolution, Simeon Djankov has visited Georgia frequently and worked with the government on reforming the business environment. Zurab Nogaideli, prime minister between 2005 and 2007, won a Reformer of the Year award in 2007. Djankov has worked closely with Kakha Bendukidze, the main architect of Georgia's economic reforms.

The Doing Business project and Ideas42

Simeon Djankov is the creator of the annual Doing Business report, the top-selling publication of the World Bank Group. The report came out of joint research work with Professor Andrei Shleifer at Harvard Universitymarker, and was inspired by Djankov's experience in overly-regulated socialist economies. Since its initial publication in November 2003, Doing Business has generated 14,000 media citations, and over 100,000 copies sold.

Dr. Djankov also started the Doing Business blog and the the Crisistalk blog. The first focuses on the effect of regulatory reforms on growth and development; the second on the unfolding financial crisis.

In June 2008, Djankov established the think-tank Ideas42 [385929], a Harvard University-International Finance Corporation venture. Jointly with Antoinette Schoar (MIT Sloan), Eldar Shafir (Princeton) and Sendhil Mullainathan (Harvard). The think tank applies the latest analysis to studying the economic lives of the poor, the development of small businesses, and access to finance. Several projects are co-sponsored with the Gates Foundation and the Institute for Financial Management and Research in India.

Minister of Finance of Bulgaria

On 27 July 2009, Simeon Djankov became Minister of Finance and Deputy Prime Minister [385930] of Bulgaria.

References

Resolution of Financial Distress (book) World Bank.
  • Botero, Juan, Simeon Djankov, Rafael La Porta, Florencio López de Silanes and Andrei Shleifer (2004) The Regulation of Labor Quarterly Journal of Economics, 119: 1339-1382.
  • Djankov, Simeon, Rafael La Porta, Florencio López de Silanes and Andrei Shleifer (2002) The Regulation of Entry Quarterly Journal of Economics, 117: 1-37.
  • Djankov, Simeon, Rafael La Porta, Florencio López de Silanes and Andrei Shleifer (2003) Courts Quarterly Journal of Economics, 118: 453-517.
  • Djankov, Simeon, Edward Miguel, Yingyi Qian, Gérard Roland and Ekaterina Zhuravskaya (2005) Who are Russia's Entrepreneurs? Journal of the European Economic Association, 3, 2: 587-597.
  • Djankov, Simeon, Yingyi Qian, Gérard Roland and Ekaterina Zhuravskaya (2006) Entrepreneurship in China and Russia Compared Journal of the European Economic Association, 4, 2: 352-365.
  • Djankov, Simeon, Caralee McLiesh and Andrei Shleifer (2007) Private Credit in 129 CountriesJournal of Financial Economics, May.
  • Bertrand, Marianne, Simeon Djankov, Rema Hanna and Sendhil Mullainathan (2007) Obtaining a Driver's License in India: An Experimental Approach in Studying CorruptionQuarterly Journal of Economics, November.
  • Djankov, Simeon, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (2008) The Law and Economics of Self-DealingJournal of Financial Economics, May.
  • Djankov, Simeon, Caroline Freund and Cong Pham, Trading on TimeReview of Economics and Statistics, November 2008.
  • Djankov, Simeon, Jose Montalvo and Marta Reynal-Querol, The Curse of AidJournal of Economic Growth, September 2008.
  • Djankov, Simeon, Oliver Hart, Caralee McLiesh and Andrei Shleifer, Debt Enforcement around the World Journal of Political Economy, December 2008
  • Djankov, Simeon, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer Disclosure by Politicians American Economic Journal: Applied Economics, March 2010.




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