Hilmarsson Hilmar Thor

Position : Visiting Professor
Unit: Economics Faculty
E-mail hilmar@unak.is

Phone: + 354 849 8380


Degrees

  • Ph.D. in Public Administration and Economic Development, 12/1992, The American University, Washington, D.C.
  • M.A. in Economics, 2/1989, New York University Graduate School of Arts & Sciences.
  • Cand. Oecon. (B.S. equivalent) in Economics, 6/1987, University of Iceland.  Field of specialization: Economic Policy.

Certificates

  • Executive Program for Leaders in Development, 6/1998, John F. Kennedy School ofGovernment and Harvard Institute for International Development, Harvard University.
  • M.A. Advanced Certificate in Applied Economic Analysis, 5/1989, New York University Graduate School of Arts & Sciences and Leonard N. Stern Graduate School of Business Administration.  Field of specialization: International Economics and International Trade.

Employment History

  • 01/2011 Professor, University of Akureyri
  • 06/2008 - 12/2010 Associate Professor, University of Akureyri
  • 06/2006 – 06/2008 Assistant Professor, University of Akureyri
  • 07/2003 - 06/2006 Public Financial Management Coordinator and Coordinator of the Mutli-Donor Trust Fund for Public Financial Management, World Bank in Vietnam
  • 05/1999 - 06/2003 Senior Public Sector Specialist and Task Team Leader, World Bank in Latvia
  • 07/1995 - 05/1999 Special Advisor to the Minister for Foreign Affairs
  • 06/1990 - 06/1995 Economist/long-term consultant and Task Team Leader, World Bank HQ in Washington, D.C.

Universities visited

Teaching and lecturing at the following universities since 2007: Aalborg University, Bucharest Academy of Economic Studies,Copenhagen Business Academy,Klaipeda University, Riga Stradins University, Stockholm School of Economics in Riga, the School for Renewable Energy Science, University of Latvia and University of Tartu.

Research interests

Development Economics, International Financial Institutions, International Trade and Finance, Emerging Markets, Small States, International Economics.


Selected Publications (2008-2013)

   

Articles in peer-reviewed journals

Hilmar Þór Hilmarsson. (2013). Small States and Big Banks – The Case of Iceland. Baltic Journal of Economics, 13 (1) (2013), p. 31-48. ISSN 1406-099X.

Dinh Quang Trung and Hilmar Þór Hilmarsson. (2013). Private Sector Cross Border Trade to Emerging Market Economies: How Can Export Credit Agencies Help Manage the Risks? Bridges Scientific Journal, 2013, 1 (62), p. 13 - 25, Klaipeda University, Lithuania. ISSN 1392-3137.

Hilmar Þór Hilmarsson. (2012). Managing Risks in Cross Border Energy Projects in Emerging Markets. Review of International Comparative Management, Volume 13, Issue 5, December 2012, p. 718-732. ISSN 1582-3458.

Dinh Quang Trung and Hilmar Þór Hilmarsson. (2012). What are the Economics Justifications for the Existence of Export Credit Agencies and How Can They Facilitate Cross Border Trade to Emerging Market Economies? Journal of Regional Formation and Development Studies, 2012, 6, p. 15-25, Klaipeda, ISSN 2029-9370.

Dinh Quang Trung and Hilmar Þór Hilmarsson. (2012). Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help?  Review of International Comparative Management, Volume 13, Issue 1, March 2012, p. 167-180. ISSN 1582-3458.

Hilmar Þór Hilmarsson. (2011). How can the Baltic States as Non-DAC donors best contribute to international development cooperation? Baltic Journal of Economics, 11(2) (2011), p. 27-40. ISSN 1406-099X

Hilmar Þór Hilmarsson. (2011). Can Small States Contribute to the Battle against Climate Change in Partnership with International Financial Institutions. Riga Stradins University Collection of Scientific Papers 2010, p. 14 - 35. Riga Stradins University, Lativa. ISBN 978-9984-788-91-3. ISSN 1691-5399.

Hilmar Þór Hilmarsson. (2011). The Bretton Woods institutions in a post crisis world and the increasing influence of emerging market economies. Journal of Regional Formation and Development Studies, 2011, 4, p. 59-73, Klaipeda, ISSN 2029-5103.

Hilmar Þór Hilmarsson. (2011). An Icelandic Geothermal Exporting Cluster: Balancing the Risks and the Rewards. Journal of Regional Formation and Development Studies, 2011, 5, p. 119-127, Klaipeda, ISSN 2029-5103.

Hilmar Þór Hilmarsson. (2010).  Private Sector Investment in Energy Infrastructure: Balancing the Risks and the Rewards.  Journal of Social Sciences, 3, p. 103-108, Klaipeda. ISSN 2029-5103.

Hilmar Þór Hilmarsson. (2010). Multilateral Development Cooperation: Should Small States Participate in Budget Support? Journal of Social Sciences, 3, p. 97-102, Klaipeda. ISSN 2029-5103.

Hilmar Þór Hilmarsson. (2010). Public-Private Partnerships and Energy Sector Investments in Emerging Market Economies: Can the Risk Mitigation Instruments Offered by International Financial Institutions Help Private Investors From Small States?  Bridges Scientific Journal, 2010, 2 (51), p. 33 - 43, Klaipeda University, Lithuania. ISSN 1392-3137

Hilmar Þór Hilmarsson. (2010). How Can Small States Like Iceland Work Effectively With International Financial Institutions? Nordicum-Mediterraneum, Volume 5, Issue 1, p. 1-21.

Hilmar Þór Hilmarsson. (2009). Should Small States Assist Other States in Transition? Riga Stradins University Collection of Scientific Papers 2009, p. 27 - 32. Riga Stradins University, Lativa. ISBN 978-9984-788-62-3. ISSN 1691-5399.

Hilmar Þór Hilmarsson. (2009). Icelandic Energy Investments in Emerging Market Economies: How can the Risks be Mitigated? Bridges Scientific Journal, 2009, 4 (49), p. 33 - 43, Klaipeda University, Lithuania. ISSN 1392-3137.

Hilmar Þór Hilmarsson. (2008). Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? Stjórnmál og stjórnsýsla, veftímarit Stofnunar stjórnsýslufræða og stjórnmála, fræðigreinar 4. árgangur 2. tbl., bls. 113-132.

Hilmar Þór Hilmarsson. (2008). Áframhald alþjóðavæðingar íslenskra fyrirtækja í samvinnu við alþjóðastofnanir í skugga bankakreppu. Bifröst Journal of Social Science - 2 (2008), bls. 167-178.

Book chapters and chapters in conference publications

Hilmar Þór Hilmarsson. (2013). Investment and Trade Finance for Cross Border Clean Energy Projects to Emerging Market Economies: The Challenging Case of the Icelandic Energy Sector. Conference paper for the 3rd International Conference on International Trade and Investment - Non-Tariff Measures: The New Frontier of Trade Policy? WTO Chairs Programme and University of Mauritius. ISSN:16941225

Hilmar Þór Hilmarsson and Trung Quang Dinh. (2013). Export credit agencies, cross border trade, times of crisis, and increased value added in emerging economies industrial sectors. Conference article presented at the 55th Annual Meeting of the Academy of International Business, July 3 to 6, 2013, Istanbul, Turkey. ISSN: 2078-4430. ISSN: 2078-0435 online.

Hilmar Þór Hilmarsson. (2013). An Icelandic Geothermal Cluster:  Is Cross-Border Engagement in Emerging Markets Feasible? Conference paper presented at the European Geothermal Congress Pisa, Italy on June 6, 2013.

Hilmar Þór Hilmarsson. (2013). The Banking Crisis in Iceland: Did the Government Pretend that Facts from Reality were Other than they Were?, in Tiia Vissak, Maaja Vadi (ed.) (Dis)Honesty in Management (Advanced Series in Management, Volume 10), Emerald Group Publishing Limited, p.61-84. DOI:10.1108/S1877-6361(2013)0000010008

Hilmar Þór Hilmarsson. (2013). Clean Energy Projects in Emerging Market Economies: Is an Icelandic Geothermal Export Cluster Feasible? Conference paper for the Second International Scientific Conference on Project Management in the Baltic Countries in Riga, April 12, 2013, p. 34 - 46. ISBN 978-9984-45-695-9

Hilmar Þór Hilmarsson. (2013). The role of international financial institutions (IFIs) and export credit agencies (ECAs) in supporting cross border public private partnership (PPP) in emerging markets:  The challenging case of the Icelandic energy sector. Conference paper for the International Finance and Banking Conference FIBA 2013 (XI) on March 28, 2013.

Hilmar Þór Hilmarsson. (2012). Small States and Large Private Sector Investments in Emerging Market Economies in Partnership with International Financial Institutions. In Innovation Systems in Small Catching-Up Economies: New Perspectives on Practice and Policy. Springer Book Series on Innovation, Technology and Knowledge Management, Volume 15, Part 2, 139-158, ISBN-10: 1461415470, ISBN-13: 978-1461415473. DOI: 10.1007/978-1-4614-1548-0_8

Dinh Quang Trung and Hilmar Þór Hilmarsson. (2012). How Can Private Companies Use the Financial Services and Risk Mitigation Instruments Offered by Export Credit Agencies in Emerging Markets?  Proceedings. Project Development - Practice and Perspectives. First International Scientific Conference on Project Management in the Baltic Countries. February 8-9, 2012, Riga, University of Latvia, p. 14-25. ISBN 978-9984-49-470-8

Hilmar Þór Hilmarsson. (2012). Public-Private Partnerships and Clean Energy Projects in Emerging Market Economics: How Can Companies from Small States Manage the Risks. Proceedings. Project Development - Practice and Perspectives. First  International Scientific Conference on Project Management in the Baltic Countries. February 8-9, 2012, Riga, University of Latvia, p. 61-74. ISBN 978-9984-49-470-8

Hilmar Þór Hilmarsson. (2011). An Icelandic Geothermal Cluster and Cross Border Engagement in Emerging Market Economies. Rannsóknir í félagsvísindum XII. Viðskiptaræðideild Háskóla Íslands, Reykjavík, október 2011, p 159 -167. ISSN 1670-8725, ISBN 978-9935-424-09-9.

Hilmar Þór Hilmarsson. (2011). The Baltic States as aid donors: How can they best share their transition experience with their partner countries? Rethinking Development in an Age of Scarcity and Uncertainty: New Values, Voices and Alliances for Increased Resilience. European Association of Development Research and Training Institutes (EADI) and Development Studies Association (DSA), University of York, United Kingdom, September 2011, p. 1-22.

Hilmar Þór Hilmarsson. (2011). The Bretton Woods institutions. Where do they go from here? A conference article for the 11th International Conference titled: Management Horizons in Changing Economic Environment - Visions and Challenges. Conference organized by  the European Management Association, the Baltic Management Foundation and Vytautas Magnus University, September 2011, Kaunas, Lithuania, p. 113 - 130. ISSN 2029-8072.

Hilmar Þór Hilmarsson. (2011). The Baltic States and their transition from being recipient countries to becoming donor countries. Conference article presented at the 9th Baltic Conference in Europe titled: Transitions, Visions and Beyond at Södertörn University in Sweden.

Hilmar Þór Hilmarsson. (2011). Can a Geothermal Cluster Create a New Engine of Icelandic Economic Growth? International Scientific Conference. In Entrepreneurship and the Culture of Innovation. Kaunas University of Applied Sciences, Kaunas, Lithuania, April 2011, p. 117-130. ISSN 2029-7165

Hilmar Þór Hilmarsson. (2011). The World Bank and the IMF in a Changed World. In Management Theory and Practice Synergy in Organizations. Faculty of Economics and Business Administration, Institute of Business Administration, University of Tartu, Estonia, 2011, p. 53-76.  ISBN: 978-9985-4-0623-6

Hilmar Þór Hilmarsson. (2010). Private Sector Cross-Border Investments in Clean Energy.Rannsóknir í félagsvísindum XI. Ritstjóri Dr. Ingjaldur Hannibalsson. Viðskipta- og hagfræðideild Háskóla Íslands, Reykjavík, 2010.

Hilmar Þór Hilmarsson. (2010). Can a Small Country Like Iceland Contribute to the Global Transformation to Clean Energy? International Conference at University of Latvia: New Socio-Economic Challenges of Development in Europe 2010, Riga Latvia, October 2010, p. 225-232. ISBN 978-9984-45-363-7

Hilmar Þór Hilmarsson. (2010). Small states and private sector participation in energy projects in developing and emerging market economies: Do public-private partnerships offer a feasible institutional framework? International Scientific Conference. Entrepreneurship and innovation culture; government, business and higher education institutions approach. Kaunas University of Applied Sciences, Kaunas, Lithuania, April 2010, p. 92-109. ISBN 978-9955-27-184-0.

Hilmar Þór Hilmarsson. (2010). Can energy sector engagement in emerging market economies contribute to Iceland´s economic growth or will it further deepen its economic crisis? 11th ISMD International Conference on Beyond Global Markets, January 2010, p. 1-16.

Hilmar Þór Hilmarsson. (2009). Hafa smáríki hlutverki að gegna í alþjóðlegu þróunar- og uppbyggingarstarfi? Rannsóknir í félagsvísindum X. Ritstjóri Dr. Ingjaldur Hannibalsson. Viðskipta- og hagfræðideild Háskóla Íslands, Reykjavík, október 2009, bls. 293-303.

Hilmar Þór Hilmarsson. (2009). Should Small States Engage in Policy Dialogue with Emerging Market Economies in Transition? International conference at University of Latvia: Current Issues in Management of Business and Society Development – 2009, Riga Latvia. May 2009, p 5-10. ISBN 978-9984-45-349-1

Hilmar Þór Hilmarsson. (2009). Small States Private Sector Investments in Emerging Market Economies: Do International Financial Institutions Offer Feasible Financing and Risk Management Instruments? International conference at University of Latvia: Current Issues in Management of Business and Society Development – 2009, Riga Latvia, May 2009, p. 25-33. ISBN 978-9984-45-349-1

Hilmar Þór Hilmarsson (2009). Small States and International Financial Institutions: The Case of Iceland. Halduskultuur - Administrative Culture Conference April 2009, Tallinn University of Technology, Tallinn Estonia, p. 1-18.

Hilmar Þór Hilmarsson. (2008).  Is private sector investment in emerging markets economies in partnership with International Financial Institutions feasible for firms from small states? 3rd Aalborg University Conference on Internationalization of Companies and Intercultural Management on October 2008, p. 1-18.

Hilmar Þór Hilmarsson. (2008). Fjárfestingar einkafyrirtækja á nýmörkuðum með aðstoð alþjóðafjármálastofnana. Rannsóknir í félagsvísindum IX. Ritstjóri Dr. Ingjaldur Hannibalsson. Viðskipta- og hagfræðideild Háskóla Íslands, Reykjavík, október 2008, bls. 317-329.

Hilmarsson Hilmar Thor