Economist · Venture Capital & Industrial Policy · Board Director

Clàudia
Canals.

CEO of Avançsa · PhD in Economics, Columbia University · Former Lead Economist at CaixaBank Research

Portrait of Clàudia Canals

About me

Economics, investment
and long-term impact.

I am an economist and CEO of Avançsa, a Catalan Government-sponsored venture capital firm supporting strategic investments in industrial and technology companies, fostering innovation and strengthening Catalonia's business ecosystem. As part of my role, I serve on the boards of directors of several companies, including IDIADA and NEOS Surgery.

Before joining Avançsa, I spent 16 years at CaixaBank Research, where I progressed to the position of Lead Economist. My work covered a broad range of macroeconomic and international economic issues, including the US economy, emerging markets—particularly China and Latin America—and Spain's external sector.

I hold a PhD in Economics from Columbia University. My academic research has focused primarily on international trade and offshoring, with publications in international academic journals including the Journal of Development Economics and the Review of International Economics.

I have also been involved in university teaching, most recently at ESCI-UPF, and serve on the Editorial Board of Revista CIDOB d’Afers Internacionals.

01 / Career

Professional Experience

Nov 2022 — Present

Avançsa

Chief Executive Officer (CEO)

Leading Avançsa, the Government of Catalonia's public investment entity, focused on strategic industrial and technology investments, industrial competitiveness and long-term value creation.

Board Memberships

Current · Nov 2022 – Present

  • Applus+ IDIADA
  • Devicare
  • COMFORSA
  • Circuit de Barcelona-Catalunya
  • NEOS Surgery

Previous

Petrocat (Repsol Group) · Nov 2022 – Apr 2023

All board positions held as a representative of Avançsa.

2006 — 2022

CaixaBank

Lead Economist at CaixaBank Research Jul 2020 – Nov 2022

Senior Economist at CaixaBank Research Jan 2014 – Jul 2020

Economist at CaixaBank Research Jul 2006 – Dec 2013

Economic analysis and research within CaixaBank's Economics Department, providing macroeconomic insights and strategic briefings to senior management, alongside economic publications and policy-oriented research.

Academic & Editorial Activities

CIDOB — Barcelona Centre for International AffairsEditorial Board, Revista CIDOB d’Afers Internacionals · Jan 2022 – Present
ESCI-UPFLecturer · Sep 2020 – Jun 2026

International Economics — MSc in International Business (ESCI-UPF / UPF Barcelona School of Management); BA in Global Studies, UPF (2021–2022).

Columbia UniversityTeaching Assistant · Sep 2003 – May 2006

Economic Development of Japan (undergraduate); Econometrics (first-year PhD); Macroeconomics (SIPA / PEPM).

Columbia University / NBERResearch Assistant · Jun 2002 – May 2006

Worked with David E. Weinstein (2003–2006) and Xavier Sala-i-Martin (2002), with research funding through the NBER.

Universitat Pompeu FabraTeaching Assistant · Sep 2000 – Jul 2001

Econometrics.

View full professional profile on LinkedIn ↗

02 / Education

Education

2001 — 2006

Columbia University

PhD in Economics

Dissertation: Trade, Technology and Wages (May 2006)

Advisor: David E. Weinstein

MA (2003) and MPhil (2004) in Economics, awarded as part of the PhD program.

1996 — 2001

Universitat Pompeu Fabra

Master of Science in Economics · 2000–2001

BA in Economics · 1996–2000

Executive Education

IESE Business School

Consejos de Administración Responsables · March 2025

Four-day executive program

03 / Selected work

Research & Publications

My research and publications span international trade, offshoring, macroeconomics and technological change. They include articles in international academic journals, working papers and applied economic research published during my years at CaixaBank Research.

Offshoring & International Trade

Intellectual Property-Related Preferential Trade Agreements and US Offshoring to Developing Countries ↗

Clàudia Canals, Michael A. Klein & Fuat Şener · Review of International Economics · 2023

Offshoring and Intellectual Property Rights Reform ↗

Clàudia Canals & Fuat Şener · Journal of Development Economics · 2014

Outsourcing and Your Collar's Color ↗

la Caixa Working Paper · 2006

Other Publications

Revolución tecnológica y comercio internacional 4.0 ↗

Revista CIDOB d’Afers Internacionals · 2020

La complejidad de las exportaciones y la calidad del empleo ↗

With Judit Montoriol · Papeles de Economía Española · 2018

Trade Patterns, Trade Balances and Idiosyncratic Shocks ↗

With Xavier Gabaix, Josep M. Vilarrubia & David E. Weinstein · Banco de España, Working Paper 0721 · 2007

Applied economic research

CaixaBank Research

Selected studies and thematic dossiers

Technology & Economic Change +
China +
United States +
Spanish Economy & International Competitiveness +
Foreign Direct Investment +

Most publications were originally written in Spanish. English versions are linked where available.

Browse complete CaixaBank Research author archive ↗

04 / In conversation

Media & Speaking

Over the years, I have participated in interviews, conferences and public discussions on international economics, technological change, industrial policy and business competitiveness. I have also spoken regularly at business and economic forums across Spain, including Coface Country Risk Conferences, CaixaBank’s Coffee&Break series and the Spain–US Business Forum.

Clàudia Canals speaking at an event

Featured talk · 2024

LUMENS’24 — Universitat Pompeu Fabra

Economic outlook, uncertainty and geopolitics. A talk exploring the economic and geopolitical challenges shaping the global outlook, as part of UPF Alumni's LUMENS series.

Watch the talk ↗

Interview · 2025

ON ECONOMIA

Avançsa's investment strategy, industrial and technology companies, and the role of public investment.

Watch / Read interview ↗

Podcast · 2024

Especial Geopolítica y política industrial

CaixaBank Research · A conversation on geopolitics, industrial policy and Europe's strategic challenges.

Listen to podcast ↗

Interview · 2026

industry TALKS

Industrial transformation, sustainability, resilience and the transition towards Industry 5.0.

Read interview ↗
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