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...
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 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.✌️www.arenapublica.com/opinion/gustavo-del-ange...
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.
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!)
