Maximo Torero

Maximo Torero
World Bank Group Executive Director for Argentina, Bolivia, Chile Paraguay, Peru and Uruguay
Assumed office
November 2016
President Jim Yong Kim
Preceded by Alejandro Foxley
Personal details
Born (1967-05-27) 27 May 1967
Lima, Peru
Education University of California (MA,Ph.D.)
Department of Economics
Scientific career
Fields Economics
Institutions University of the Pacific (Peru)
University of California, Los Angeles
International Food Policy Research Institute

Maximo Torero (born 27 May 1967) is a Peruvian economist. Since November 2016, he is the World Bank Group Executive Director for Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay. Prior to the World Bank, Torero joined the International Food Policy Research Institute (IFPRI) in 2004; was the Division Director of the Markets, Trade, and Institutions Division, leader of the Global Research Program on Institutions and Infrastructure for Market Development and Director for Latin America. Prior to joining IFPRI, he was a senior researcher and member of the executive committee at Group of Analysis for Development (GRADE).

Education and career

Torero graduated from University of the Pacific (Peru), and earned a B.S., an MA in 1993 and a Ph.D. in economics in 1998, both from the University of California, Los Angeles (UCLA), Department of Economics. He is a professor on leave at the University of the Pacific (Peru) and an Alexander von Humboldt Fellow at University of Bonn, Germany.

Torero was the chief of party for a USD $449.6 million investment (2007-2012) by the Millennium Challenge Corporation MCC in rural infrastructure with a significant component of water and sanitation in rural areas in El Salvador; the five-year investment had three projects: Connectivity, Human Development, and Productive Development. The Connectivity Project included two major activities: the Northern Transnational Highway (NTH) and the Network of Connecting Roads (NCR).[1] The reports, data and methodology was produce by Torero and his team at IFPRI as El Salvador - Northern Transnational Highway.[2]

On property rights, Torero has worked on urban and rural titling and crop choices. His work cited in “The Mystery of Capital Deepens.” Economist, August 24, 2006)[3] show that households with title were more likely to secure a loan from the government-backed Materials Bank.

Awards and honours

Torero received in 1992 the Ford Foundation Fellowship, the Inter-American Development Bank Fellowship, and Fulbright Program Fellowship; he also received during 1997-1998 Ford Foundation ISOP Interdisciplinary Program for Students of Development Areas,[4] University of California Dissertation Year Fellowship; he also received in 2000 the Georg Foster Research Felowship of the Alexander von Humboldt Foundation.[5]

He has won the World Award for Outstanding Research on Development given by the Global Development Network (GDN) twice. In 2000, Maximo Torero and Javier Escobal won the award for their joint work on the geographical dimension of development, with the work titled “How to Face An Adverse Geography?: The Role of Private and Public Assets”, Javier Escobal and Maximo Torero, GRADE (Outstanding Research on Development Award 2000).[6][7] Torero received the Chevalier de l'Ordre du Mérite Agricole in 2014.

Recent publications

Journal articles and book chapters

  • Manuel Barron, Maximo Torero. Household electrification and indoor air pollution.Journal of Environmental Economics and Management,Volume 86, 2017:81-92.[8]
  • Mitra, Sandip; Mookherjee, Dilip; Torero, Maximo; Visaria, Sujata. Asymmetric Information and Middleman Margins: An Experiment with Indian Potato Farmers.vol. 100(1),2017:1-13[9]
  • Martins-Filho, Carlos, Feng Yao, and Maximo Torero. Nonparametric Estimation of Conditional Value-at-risk and Expected Shortfall Based on Extreme Value Theory. Econometric Theory, 2018, vol. 34 (1):23–67.[10]
  • Chong, Alberto, Isabelle Cohen, Erica Field, Eduardo Nakasone, and Maximo Torero. 2016. Iron Deficiency and Schooling Attainment in Peru. American Economic Journal: Applied Economics, 8(4): 222-55.[11]

Books

  • Devaux, André, ed.; Torero, Maximo, ed.; Donovan, Jason, ed.; and Horton, Douglas E., ed. 2016. Innovation for inclusive value-chain development: Successes and challenges. Washington, D.C.: International Food Policy Research Institute (IFPRI).[12]
  • Kalkuhl, Matthias, ed.; von Braun, Joachim, ed.; and Torero, Maximo, ed. 2016. Food price volatility and its implications for food security and policy. Cham, Switzerland: Springer.[13]

References

  1. ↑ "Measuring Results of the El Salvador Connectivity Project | Millennium Challenge Corporation". Millennium Challenge Corporation.
  2. ↑ "El Salvador - Northern Transnational Highway - Data.gov". catalog.data.gov.
  3. ↑ "The mystery of capital deepens". The Economist.
  4. ↑ "Youth Opportunity and Learning". Ford Foundation.
  5. ↑ "Alexander von Humboldt Foundation".
  6. ↑ "Awards and Medals Competition Report: Global Development Network July 2003". citeseerx.ist.psu.edu.
  7. ↑ "New awards given for development research, project. - Free Online Library". www.thefreelibrary.com.
  8. ↑ Barron, Manuel; Torero, Maximo. "Household electrification and indoor air pollution". Journal of Environmental Economics and Management. pp. 81–92. doi:10.1016/j.jeem.2017.07.007.
  9. ↑ Mitra, Sandip; Mookherjee, Dilip; Torero, Maximo; Visaria, Sujata (11 August 2017). "Asymmetric Information and Middleman Margins: An Experiment with Indian Potato Farmers". The Review of Economics and Statistics. doi:10.1162/rest_a_00699.
  10. ↑ Martins-Filho, Carlos; Yao, Feng; Torero, Maximo (2018). "NONPARAMETRIC ESTIMATION OF CONDITIONAL VALUE-AT-RISK AND EXPECTED SHORTFALL BASED ON EXTREME VALUE THEORY". Econometric Theory. pp. 23–67. doi:10.1017/S0266466616000517.
  11. ↑ Chong, Alberto; Cohen, Isabelle; Field, Erica; Nakasone, Eduardo; Torero, Maximo (2016). "Iron Deficiency and Schooling Attainment in Peru". American Economic Journal: Applied Economics. pp. 222–255. doi:10.1257/app.20140494.
  12. ↑ Research Institute (IFPRI), International Food Policy. "Innovation for inclusive value-chain development: Successes and challenges". doi:10.2499/9780896292130.
  13. ↑ "Food Price Volatility and Its Implications for Food Security and Policy | SpringerLink". doi:10.1007/978-3-319-28201-5.
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