Christos Cabolis
Christos Cabolis is Adjunct Professor of Economics and Competitiveness at IMD, where his work focuses on the drivers of national and institutional performance, the governance challenges of ESG, and the economic implications of digitalization and sustainable trade.
For a decade, he served as Chief Economist and Head of Operations of the IMD World Competitiveness Center, leading the design, methodology, and dissemination of some of the most closely watched economic benchmarks: the IMD World Competitiveness Yearbook, IMD World Digital Competitiveness Ranking, IMD World Talent Ranking, IMD Smart City Index, and the Hinrich-IMD Sustainable Trade Index. In that role, he engaged governments, business leaders, and international institutions across the world, translating complex economic data into strategic insights and actionable policies.
A harmonized carbon price design is necessary for emissions reduction but not sufficient. Firms in countries with stronger institutions, skilled labor, and innovation capacity benefit dramatically more from an Emissions Trading System than those relying on the price signal alone.
His research spans corporate finance, industrial organization, and the economics of competitiveness. From the valuation effect of corporate governance and the dynamics of venture capital markets to the relationship between bank size, monitoring costs and market value, and most recently, how institutional quality shapes firm-level emissions outcomes under the EU Emissions Trading System. This work has appeared in Research Policy, The Review of Financial Studies, The Journal of Law and Economics, and The Journal of Banking and Finance, among others.
Before joining IMD, Christos was Associate Professor of Economics and Finance at ALBA Graduate Business School in Athens. Prior to that, he was Executive Director of the International Center for Finance at Yale School of Management. Earlier, he was a Lecturer in the Department of Economics at Yale and Dean of Jonathan Edwards College. He has also taught at the University of California, Santa Barbara and UNC’s Kenan-Flagler Business School. He holds a PhD in Economics from the University of California, Santa Barbara.
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