Mateo Hoyos

Trade liberalisation in 1960-2019 had a positive effect on growth for countries already exporting manufactured goods (>50% share in exports), but negative for countries which were exporting commodities at the time of liberalisation.

www.sciencedirect.com/science/arti...

North–South Trade as a Source of Uneven Development: A Critical Literature Review on the Role of Absorptive Capacity - Journal of Industry, Competition and Trade An idea from classical development theory is that North–South trade is harmful to the South. This idea has been countered by recent models of trade and endogenous growth that claim that North–South tr...

Corrected link here: link.springer.com/article/10.1...

If you're interested in how trade, technology diffusion, and absorptive capacity shape development outcomes, check out the full paper in the link below:
doi.org/10.1007/s10842…
Thanks for reading! (5/5)

Empirical evidence backs up the existence of these three mechanisms. For instance, education and R&D are essential for absorptive capacity, and in their absence trade end up hindering diffusion and growth. Trade, without sufficient absorptive capacity, amplifies divergence. (4/5)

I identify three ways in which absorptive capacity affects diffusion and makes trade a force of divergence:
1️⃣ Easier diffusion when the South is (technologically) closer to the North.
2️⃣ Factor-biased technologies.
3️⃣ Sectoral differences in technology absorption capabilities. (3/5)

The paper critiques the consensus that North–South trade fosters development if technology diffuses internationally. I argue that uneven development can still emerge from trade when absorptive capacity is crucial for effective diffusion. (2/5)

Excited to share my latest publication: "North–South Trade as a Source of Uneven Development: A Critical Literature Review on the Role of Absorptive Capacity". Here's a 🧵summarizing the key insights:
doi.org/10.1007/s10842… (1/5)

North–South Trade as a Source of Uneven Development: A Critical Literature Review on the Role of Absorptive Capacity - Journal of Industry, Competition and Trade An idea from classical development theory is that North–South trade is harmful to the South. This idea has been countered by recent models of trade and endogenous growth that claim that North–South tr...

North–South Trade as a Source of Uneven Development: A Critical Literature Review on the Role of Absorptive Capacity by @mathoyos.bsky.social publsihed in the Journal of Industry, Competition and Trade link.springer.com/article/10.1....

México y la trampa del ingreso medio. Columna de mi colega
Gustavo Del Angel reseñando mi investigación, la de otros colegas, y la de académicos del Hoover Institution. Pase, lea y -si le agrada- comparta.✌️https://www.arenapublica.com/opinion/gustavo-del-angel/mexico-y-la-trampa-del-ingreso-medio

Fascinating paper on where 6000 global elites went to college. Billionaires, CEOs, heads of state, central bankers, etc.

In a word: Harvard.

Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard.

🧵

El economista colombiano @mathoyos, siendo muy sensible al contexto, muestra que la liberalización comercial de países como Colombia (es decir, no-manufactureros) está conectada con menores tasas de crecimiento económico, menor acumulación de capital y menor productividad.👇

Me alegra mucho. Un abrazo, estimado.

The Middle-Income Trap in Latin America

Excited to present today at this event co-organized by the Hoover Institution and CIDE. Thrilled to share not only my own work but also coauthored research with my colleagues Francisco Cabrera and Emmanuel Chávez!

www.hoover.org/events/middl...

Economists love using linear regression to estimate treatment effects — it turns out that there are perils to this method, but also amazing perks

Come with me in this 🧵 if you want to learn about our now-published paper "Contamination Bias in Linear Regressions!"

1/ (Twitter rerun!)

Tariffs and Foreign Direct Investment in a Dynamic North–South Model This paper examines how import tariffs by a developed country (the North) and a developing country (the South) affect innovation and foreign direct investment (FDI) using a quality ladder model. We s....

In today’s edition of papers I wish I had written: this North-South model of innovation, imitation, and FDI. Key insight: tariffs in the North reduce innovation, while tariffs in the South have the opposite effect. Very nice work! onlinelibrary.wiley.com/doi/full/10....