Kiril I. Tochkov

Research

journal articles
  1. El-Shagi, M., & Tochkov, K. (2026). Changes in inter-provincial risk sharing during the COVID-19 pandemic in China. Contemporary Economic Policy, XX(X), XX-XX.
  2. El-Shagi, M., & Tochkov, K. (2026). Inter-regional risk sharing and the effectiveness of monetary policy in China. Economic Systems, XX(X), 101379.
  3. El-Shagi, M., & Tochkov, K. (2026). The effect of risk sharing on monetary policy transmission in the Euro Area. Empirica, 53(1), 65-77. PDF
  4. Doytch, N., & Tochkov, K. (2025). Uneven partners: The regional dynamics of FDI flows between China and Russia. Asia and the Global Economy, 5(2), 100124. PDF
  5. El-Shagi, M., & Tochkov, K. (2025). Regional effects of monetary policy in China. Empirical Economics, 69(4), 1671-1698. PDF
  6. El-Shagi, M., & Tochkov, K. (2024). Regional heterogeneity and the provincial Phillips curve in China. Economic Analysis and Policy, 81, 1036-1044. PDF
  7. Tochkov, K. (2023). China vs India in the Himalayas: Comparing economic development in Tibet and Ladakh. Asia and the Global Economy, 3(2), 100073. PDF
  8. El-Shagi, M., & Tochkov, K. (2022). Divisia monetary aggregates for Russia: Money demand, GDP nowcasting, and the price puzzle. Economic Systems, 46(4), 101054. PDF
  9. El-Shagi, M., & Tochkov, K. (2022). Shadow of the Colossus: Euro area spillovers and monetary policy in Central and Eastern Europe. Journal of International Money and Finance, 120, 102501. PDF
  10. Tochkov, K. (2022). Trade efficiency, cross-border integration, and regional barriers in Northeast China. The Chinese Economy, 55(1), 13-25. PDF
  11. El-Shagi, M., Sawyer, W., & Tochkov, K. (2022). The income elasticity of import demand: A meta-survey. Pacific Economic Review, 27(1), 18-41. PDF
  12. Tochkov, K. (2021). Regional real exchange rates and growth: Evidence from resource-based regional economies. Review of International Economics, 29(3), 626-640. PDF
  13. Tochkov, K. (2021). North Korea’s trade and the integration of Northeast Asia. Asia and the Global Economy, 1(1), 100007. PDF
  14. Tochkov, K. (2021). Regional inequality and convergence in large emerging economies: A distribution dynamics approach. Macroeconomic Dynamics, 25(1), 154-177. PDF
  15. Izotov, D., & Tochkov, K. (2020). Interaction of the Russian Far East and Asia-Pacific countries: Assessment of institutional and tariff barriers to trade. Regional Research of Russia, 10(2), 182-193. [Reprint of #26 in English] PDF
  16. Izotov, D., & Tochkov, K. (2019). Взаимодействие Дальнего Востока со странами АТР: Оценка институциональных и тарифных барьеров торговли [Interaction of the Russian Far East with the countries of the Pacific Rim: Evaluating institutional and tariff trade barriers]. Пространственная экономика [Spatial Economics], 15(3), 20-45. [in Russian] PDF
  17. Izotov, D., & Tochkov, K. (2019). Оценка потенциала расширения торговых взаимодействий регионов Дальнего Востока со странами АТР [Trade interactions between the Russian Far East regions and Asia-Pacific countries: Assessment of potential]. Регионалистика [Regionalistica], 6(5), 6-30. [in Russian] PDF
  18. Ndao, S., Nenovsky, N., & Tochkov, K. (2019). Does monetary integration lead to income convergence in Africa? A study of the CFA monetary area. Portuguese Economic Journal, 18(2), 67-85. PDF
  19. Izotov, D., & Tochkov, K. (2018). Сравнительная оценка внутрирегиональных и внешних торговых взаимодействий Дальнего Востока России [Comparative assessment of the internal and external trading interactions of the Far East of Russia]. Регионалистика [Regionalistica], 5(6), 37-52. [in Russian] PDF
  20. Tochkov, K. (2018). Trade potential and trade integration of the Russian Far East: A regional perspective. Пространственная экономика [Spatial Economics], 14(4), 21-38. PDF
  21. Izotov, D., & Tochkov, K. (2017). Оценка торговых барьеров Дальнего Востока России [Assessment of trade barriers in the Russian Far East]. Регионалистика [Regionalistica], 4(5), 61-75. [in Russian] PDF
  22. Paltasingh, K., Goyari, P., & Tochkov, K. (2017). Rice ecosystems and adoption of modern rice varieties in Odisha, East India: Intensity, determinants and policy implications. The Journal of Developing Areas, 51(3), 197-213. PDF
  23. Sawyer, W., Tochkov, K., & Yu, W. (2017). Regional and sectoral patterns and determinants of comparative advantage in China. Frontiers of Economics in China (now International Studies of Economics), 12(1), 7-36. PDF
  24. Wamboye, E., & Tochkov, K. (2016). External debt relief initiatives and economic growth in least developed countries. The Journal of Developing Areas, 50(2), 213-229. PDF
  25. Tochkov, K. (2015). Regional integration and economic convergence in Northeast Asia: Evidence from the Greater Tumen Initiative. Journal of Northeast Asia Development, 17, 85-108.
  26. Tochkov, K. (2015). The efficiency of postal services in the age of market liberalization and the internet: Evidence from Central and Eastern Europe. Utilities Policy, 36, 35-42. PDF
  27. Nath, H., Liu, L., & Tochkov, K. (2015). Comparative Advantages in U.S. Bilateral Services Trade with China and India. Journal of Asian Economics, 38, 79-92. PDF
  28. Wamboye, E., & Tochkov, K. (2015). External debt, labor productivity growth, and convergence: Evidence from Sub-Saharan Africa. The World Economy, 38(5), 856-877. PDF
  29. Wamboye, E., Tochkov, K., & Sergi, B. (2015). Technology adoption and growth in Sub-Saharan African countries. Comparative Economic Studies, 57(1), 136-167. PDF
  30. Nenovsky, N., & Tochkov, K. (2014). Transition, integration, and catching up: Income convergence between Central and Eastern Europe and the EU. Mondes en Développement, 42(3/167), 73-92. PDF
  31. Tochkov, K., & Yu, W. (2013). Sectoral productivity and regional disparities in China, 1978-2006. Comparative Economic Studies, 55(4), 582-605. PDF
  32. Nenovsky, N., Tochkov, K., & Turcu, C. (2013). Politiques monétaires et intégration Européenne: Le cas des deux pays des Balkans [Monetary policies and European integration: The case of two Balkan countries]. Revue d'Études Comparatives Est-Ouest, 44(2), 141-162. [in French] PDF
  33. Nath, H., & Tochkov, K. (2013). Relative inflation dynamics in the new EU member countries of Central and Eastern Europe. Empirical Economics, 45(1), 1-22. PDF
  34. Nenovsky, N., Tochkov, K., & Turcu, C. (2013). Monetary regimes, economic stability, and EU accession: Comparing Bulgaria and Romania. Communist and Post-Communist Studies, 46(1), 13-23. PDF
  35. Tochkov, K., Nenovsky, N., & Tochkov, K. (2012). University efficiency and public funding for higher education in Bulgaria. Post-Communist Economies, 24(4), 517-534. PDF
  36. Tochkov, K., & Nenovsky, N. (2011). Institutional reforms, EU accession, and bank efficiency in transition economies: Evidence from Bulgaria. Emerging Markets Finance and Trade, 47(1), 113-129. PDF
  37. Sawyer, W., Sprinkle, R., & Tochkov, K. (2010). Patterns and determinants of intra-industry trade in Asia. Journal of Asian Economics, 21(5), 485-493. PDF
  38. Badunenko, O., & Tochkov, K. (2010). Soaring dragons, roaring tigers, growling bears: Determinants of regional growth and convergence in China, India, and Russia. Economics of Transition (now Economics of Transition and Institutional Change), 18(3), 539-570. PDF
  39. Tochkov, K., & Tochkov, K. (2009). Is higher volatility associated with lower growth? Intranational evidence from South Korea. Empirical Economics Letters, 8(7), 625-629. PDF
  40. Henderson, D., Tochkov, K., & Badunenko, O. (2007). A drive up the capital coast? Contributions to post-reform growth across Chinese provinces. Journal of Macroeconomics, 29(3), 569-594. PDF
  41. Tochkov, K. (2007). Interregional transfers and the smoothing of provincial expenditure in China. China Economic Review, 18(1), 54-65. PDF
working papers
  1. El-Shagi, M., & Tochkov, K. (2024). Regional effects of monetary policy in China (CFDS Discussion Paper No. 2024/1). Center for Financial Development and Stability, Henan University.
  2. El-Shagi, M., & Tochkov, K. (2023). Regional heterogeneity and the provincial Phillips curve in China (CFDS Discussion Paper No. 2023/3). Center for Financial Development and Stability, Henan University.
  3. El-Shagi, M., & Tochkov, K. (2021). Divisia monetary aggregates for Russia: Money demand, GDP nowcasting, and the price puzzle (CFDS Discussion Paper No. 2021/1). Center for Financial Development and Stability, Henan University.
  4. El-Shagi, M., & Tochkov, K. (2020). Shadow of the Colossus: Euro Area spillovers and monetary policy in Central and Eastern Europe (CFDS Discussion Paper No. 2020/7). Center for Financial Development and Stability, Henan University.
  5. El-Shagi, M., Sawyer, W. C., & Tochkov, K. (2019). The income elasticity of import demand: A meta survey (CFDS Discussion Paper No. 2019/3). Center for Financial Development and Stability, Henan University.
  6. Tochkov, K. (2016). Gravity, borders, and the potential for economic integration in the Asia Pacific: Evidence from Korea and Russia. In 2015 KIEP Visiting Fellows Program (pp. 84–111). Sejong City, Korea: Korea Institute for International Economic Policy.
  7. Ndao, S., Nenovsky, N., & Tochkov, K. (2016). Intégration monétaire et convergence des revenus en zone CFA (LEO Working Paper No. 12). Laboratoire d’Économie d’Orléans, Université d’Orléans. [in French]
  8. Liu, L., Nath, H., & Tochkov, K. (2015). Comparative advantages in U.S. bilateral services trade with China and India (Working Paper No. 1092). William Davidson Institute, University of Michigan.
  9. Nenovsky, N., & Tochkov, K. (2013). The distribution dynamics of income in Central and Eastern Europe relative to the EU: A nonparametric analysis (Working Paper No. 1063). William Davidson Institute, University of Michigan.
  10. Nath, H., & Tochkov, K. (2011). Relative inflation dynamics in the EU accession countries of Central and Eastern Europe (Discussion Paper No. 84). Bulgarian National Bank.
  11. Tochkov, K., & Nenovsky, N. (2009). Efficiency of commercial banks in Bulgaria in the wake of EU accession (ICER Working Paper No. 21). International Centre for Economic Research.
  12. Tochkov, K., & Nenovsky, N. (2009). Efficiency of commercial banks in Bulgaria in the wake of EU accession (Discussion Paper No. 75). Bulgarian National Bank.
  13. Henderson, D. J., Tochkov, K., & Badunenko, O. (2006). A drive up the capital coast? Contributions to post-reform growth across Chinese province (Working Paper No. 0609). Department of Economics, State University of New York at Binghamton.
  14. Tochkov, K. (2004). Fiscal reforms, output fluctuations and the cyclical behavior of net transfers in China: Evidence from province-level panel data (Working Paper No. 0417). Department of Economics, State University of New York at Binghamton.
  15. Tochkov, K. (2004). Interregional transfers and the smoothing of provincial expenditure in China (Working Paper No. 0416). Department of Economics, State University of New York at Binghamton.
  16. Tochkov, K. (2003). Interregional risk sharing and fiscal decentralization in China Department of Economics, State University of New York at Binghamton, mimeo.
chapters in books, reference works, and conference proceedings
  1. Tochkov, K. (2022). China's trade and opening since 1978: A regional perspective from the Northeast . In A. Le Riche, A. Parent, & L. Zhang (Eds.), Institutional change and China capitalism: Frontier of cliometrics and its application to China (pp. 89–107). London: World Scientific Publishing. PDF
  2. Izotov, D., & Tochkov, K. (2021). The spatial dimension of Chinese trade with Russia: Evidence from regional data . In D. Solovev, V. Savaley, A. Bekker, & V. Petukhov (Eds.), Proceeding of the international science and technology conference "FarEastCon 2020". Smart innovation, systems and technologies, vol. 227 (pp. 397–407). Singapore: Springer. PDF
  3. Izotov, D., & Tochkov, K. (2020). Trade relations between the Russian Far East and Northeast Asia: Assessment of institutional factors . In D. Solovev, V. Savaley, A. Bekker, & V. Petukhov (Eds.), Proceeding of the international science and technology conference "FarEastCon 2019". Smart innovation, systems and technologies, vol. 172 (pp. 177–188). Singapore: Springer. PDF
  4. Wamboye, E., & Tochkov, K. (2019). Information and communication technologies' impact on growth and employment in Africa. In E. Wamboye, & P. Nyaronga (Eds.), The service sector and economic development in Africa (pp. 196–226). New York: Routledge. PDF
  5. Izotov, D., & Tochkov, K. (2018). External and intraregional interactions of the Russian Far East: Comparative assessment . IOP Conference Series: Materials Science and Engineering, 463(3), 1–5. PDF
  6. Paltasingh, K., Goyari, P., & Tochkov, K. (2018). Indian agriculture after the Green Revolution: An overview. In B. Goswami, M. Bezbaruah, & R. Mandal (Eds.), Indian agriculture after the Green Revolution: Changes and challenges (pp. 8–28). New York: Routledge. PDF
  7. Wamboye, E., & Tochkov, K. (2017). Growth impact of aid quantity and quality in Africa . In E. Wamboye, & E. Tiruneh (Eds.), Foreign capital flows and economic development in Africa: The impact of BRICS versus OECD (pp. 325–350). New York: Palgrave Macmillan. PDF
  8. Изотов, Д., & Тошков, К. [Izotov, D., & Tochkov, K.] (2016). Сценарии взаимодействия экономики Хэйлунцзян с регионами Дальнего Востока [The scenarios of cooperation between Heilongjiang province and the regions of the Far East] . In E. Frisman (Ed.), Современные проблемы регионального развития [Present Problems of Regional Development] (pp. 389–392). Birobidzhan, Russia: Institute for Complex Analysis of Regional Problems of the Russian Academy of Sciences, Far Eastern Branch. [in Russian]
  9. Изотов, Д., & Тошков, К. [Izotov, D., & Tochkov, K.] (2015). Внешняя торговля Дальнего Востока в условиях волатильности рынка сырьевых товаров и курса рубля [The foreign trade of Russia's Far East in times of foreign exchange rate and commodity markets' volatility] . In E. Frisman (Ed.), Территориальные исследования: Цели, результаты и перспективы [Territorial researches: Purposes, results and perspectives] (pp. 189–192). Birobidzhan, Russia: Institute for Complex Analysis of Regional Problems of the Russian Academy of Sciences, Far Eastern Branch. [in Russian]
  10. Изотов, Д., & Тошков, К. [Izotov, D., & Tochkov, K.] (2015). Торговля Дальнего Востока России со странами Северо-Восточной Азии: Еффект границ [Trade between the Russian Far East and Northeast Asia: The impact of border effects]. In D. Buyarov, D. Kuznetsov, & N. Kireeva (Eds.), Россия и Китай: История и перспективы сотрудничества [Russia and China: History and prospects of cooperation] (pp. 490–494). Blagoveshchensk, Russia: Blagoveshchensk State Pedagogical University Press. [in Russian]
  11. Tochkov, K. (2010). East Asian Economies . In R. Free (Ed.), 21st Century Economics: A Reference Handbook (pp. 485–492). Thousand Oaks, CA: SAGE Publications. PDF
book reviews
  1. Tochkov, K. (2014). Cross-border trade and integration between Russia and China: An interdisciplinary perspective (Review of the book "The Economic Integration of Border Regions" by N. Ryzhova) Spatial Economics, 4, 170–178. PDF
dissertation and master's thesis
  1. Tochkov, K. (2005). Fiscal decentralization and regional stabilization during transition: Evidence from China. Ph.D. dissertation. State University of New York at Binghamton. Dissertation Abstracts International, vol. 66-02, Section A, p. 0693.
  2. Toschkov, K. (1999). Warenwirtschaft, Markt und Sozialismus: Die Transformation der ökonomischen Ideologie am Beispiel der Perzeption des Marktes in der Volksrepublik China zwischen 1978–1984 [Commodity economy, the market, and socialism: The transformation of economic ideology on the example of the perception of the market in the People's Republic of China between 1978–1984]. Master's thesis. Ruprecht Karls University, Heidelberg, Germany. [in German]
other publications
  1. Tochkov, K. (2021, June 15). Bridges of cooperation . China Daily (Global Edition), p. 13. PDF
  2. Изотов, Д., Тошков, К., & Чимитдоржиев, Ж. [Izotov, D., Tochkov, K., & Chimitdorzhiev, Zh.] (2015). Россия и Китай: история и перспективы сотрудничества [Russia and China: History and prospects of cooperation] . Регионалистика [Regionalistica], 2(3), 69–76. [in Russian]
  3. Тошков, К. [Tochkov, K.] (2015). Китай сменя курса [China changes course]. Мениджър [Manager], 200 (June), 192–193. [in Bulgarian]
  4. Tochkov, K. (2015). Bank failure, systemic risk, and institutional deficiencies in Bulgaria: The case of KTB's collapse. Information for Emerging Countries (EMERiCs) , May 22. PDF
  5. Tochkov, K. (2014). Trade, border effects, and regional integration between Russia’s Far East and Northeast Asia . IREX Research Brief, International Research and Exchanges Board, Washington, D.C., November 2014.
  6. Tochkov, K. (2014). Bulgaria banking meltdown averted for now, but there may still be trouble ahead . The Conversation, July 4.
  7. Тошков, К. [Tochkov, K.] (2011). Американски студент [The American College Student]. Мениджър [Manager], 157 (November), 130–131. [in Bulgarian]
  8. Тошков, К. [Tochkov, K.] (2011). Американски ученик: Какво можем да научим от образователната система в САЩ [The American highschool student: What can we learn from the educational system in the USA]. Мениджър [Manager], 156 (October), 136–137. [in Bulgarian]
  9. Тошков, К. [Tochkov, K.] (2011). Краят на хартиените пари [The end of paper money]. Мениджър [Manager], 151 (May), 109–110. [in Bulgarian]
  10. Тошков, К. [Tochkov, K.] (2011). Подпишете чек, моля! [Please, sign a check!]. Мениджър [Manager], 147 (January), 141–142. [in Bulgarian]
  11. Тошков, К. [Tochkov, K.] (2009). Отлепяне от дъното: Как икономиките в различните държави реагират на финансовата зараза [On the way to recovery: How the economies in different countries respond to the financial contagion]. Мениджър [Manager], 133 (November), 36–37. [in Bulgarian]
  12. Toschkov, K. (2000). Sinologie: Die wissenschaftliche Erforschung Chinas in Deutschland [Sinology: The academic study of China in Germany]. 经贸/Wirtschaft & Handel [Economy & Trade], 11 (March), p. 11. [in German]
  13. 柯小军 [Tochkov, K.] (1996). 我想当汉学家 [I want to become a Sinologist]. 人民日报 (海外版) [People's Daily (Overseas Edition)], 3712 (December 3), p. 7. [in Chinese]
interviews
  1. Antonov, S. (2021). Europe could be caught in the middle like in the Cold War. Business Global Magazine, 5 (Jan. 2021), 40–43. [in Bulgarian]
  2. Kurker, M. (2017). Asian alliance: Scholars study 60 years of Sino-Russian relations to project Asia’s future influence . Endeavors: Research, Scholarship and Creative Activity, Spring 2017, 26–30. [reprinted in TCU Magazine, Winter 2017, 27–31.]
  3. Tochkov, K. (2015). Back to the Great Leaps Forward… . CAS (Centre for Advanced Study) Newsletter, 2014–2015, 18–19.