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Ross DeVol
Chief Research Officer
Bioscience, Business, California, Energy, Global Economy, Health, Human Capital, Innovation, Labor, Medical Research, Regional Economics, Technology, U.S. Economy


Ross DeVol is the Chief Research Officer at the Milken Institute. He oversees research on international, national and comparative regional growth performance; access to capital and its role in economic growth and job creation; and health-related topics.

Since joining the Institute, DeVol has put his group in the national limelight with groundbreaking research on technology and its impact on regional and national economies, and on the economic and human consequences of chronic disease. He specializes in the effects of technology, research and development activities, international trade, human capital and labor-force skills training, entrepreneurship, early-stage financing, and quality-of-place issues on the geographic distribution of economic activity. DeVol has authored numerous reports in the Institute’s primary research areas. His recent work involves research on global economic and financial market conditions. DeVol is ranked among the "Super Stars" of Think Tank Scholars by International Economy magazine.

DeVol regularly appears on national television and radio programs (see links to recent appearances below), including CNN's "Moneyline," "Wall Street Journal Report with Maria Bartiromo," Fox Business News, CNBC and NPR's "Talk of the Nation." He is frequently quoted in print media, such as The Wall Street Journal, the Financial Times, Investor's Business Daily, the Los Angeles Times, Forbes, The Economist, Time, BusinessWeek and others.

He keynotes prominent conferences and has served on a variety of panels at similar events. In September 2015, he made opening remarks at the National Association of Foreign-Trade Zones in Los Angeles, stepping in for California Governor Jerry Brown at the governor's request. 

In 2015 the Los Angeles chapter of the National Association for Business Economics conferred on DeVol the Robert Parry Award, given annually to a member of L.A. NABE who has served on the Board and made notable contributions to the Chapter, in addition to his/her contributions to the economics community in Greater Los Angeles.

DeVol has authored, co-authored and managed numerous reports and projects. Most notably:

DeVol has also authored numerous articles for the Institute’s highly regarded economic journal, The Milken Institute Review. Additionally, he has written pieces for a variety of non-Institute publications.

Prior to joining the Institute, DeVol was senior vice president of IHS Global Insight Inc. (formerly Wharton Econometric Forecasting), where he supervised the firm's Regional Economic Services group. DeVol supervised the re-specification of Global Insight's regional econometric models and played an instrumental role on its U.S. Macro Model. He was the firm's chief spokesman on international trade. He also served as the head of Global Insight's U.S. Long-Term Macro Service and authored special reports on behalf of the U.S. Macro Group.

DeVol was previously director of economic planning at CSX, where he was responsible for U.S. macroeconomic and industry analysis. He was also an economist at Chase Econometrics and an economic analyst at Union Pacific.

He is an appointee to California Treasurer John Chiang's Counsel of Economic Advisors. He was an appointee to the California State Controller's Council of Economic Advisors. He is the past president of the Los Angeles chapter of the National Association for Business Economics.

DeVol earned his master's degree in economics at Ohio University. 

Recent articles, mentions and video appearances:










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Related Publications
Screen Shot 2017 04 19 at 4.24.35 PM
Date: April 2017
Ross DeVol, Joe Lee, and Minoli Ratnatunga
The Economic Impact of Chapter 11 Bankruptcy versus Out of Court Restructuring
Date: January 2017
By Donald Markwardt, Claude Lopez, and Ross DeVol
Date: December 2016

Ross DeVol, Joe Lee and Minoli Ratnatunga

Weighing Down America cover
Date: November 2016
By Hugh Waters and Ross DeVol
State Tech and Science
Date: October 2016
Ross DeVol, Joe Lee and Minoli Ratnatunga
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