Mateo Hoyos
Teaching Assistant || Lecturer
Amherst, MA, 01060
Job Market Paper
"Tariffs and Growth: Heterogeneous Effects by Economic Structure". We revisit the relationship between tariffs and GDP per capita, showing that it is mediated by the economic structure. We study the impact on GDP per capita of changes in average tariff rates, making use of country– year observations from 1960 to 2019. Our LP-DiD approach allows us to control for pretrends that might bias the estimates and to estimate medium-term, dynamic effects, in contrast to most literature, which focuses on instantaneous effects or inferences based on 5- or 10-year averages of small samples. Our results, consistent with a specific strand of the trade theory literature, show that the tariffs–growth nexus is contingent on the economic structure: tariff decreases have led to lower economic growth for nonmanufacturer countries but to higher growth for manufacturer countries. Our baseline results are confirmed by several robustness checks, especially the control for relevant confounders in the tariffs–growth nexus and a clean controls analysis aimed to address biases from heterogeneous effects as highlighted by recent difference-in-differences literature. The mechanisms through which these heterogeneous effects seem to work are changes in productivity and capital accumulation, in turn related to changes in the manufacturing share of GDP.
Education
- Ph.D. in Economics, 2023
Dissertation: "Essays on International Trade and Economic Growth"
Department of Economics, University of Massachusetts Amherst - M.S. in Economics, 2016
Department of Economics, Universidad de los Andes - M.S. in Public Policy, 2016
School of Government, Universidad de los Andes - B.S. in Economics, 2014
Department of Economics, Universidad de los Andes
Fields
- International Trade
- Macroeconomic aspects of Economic Development
- Economic Growth
Publications
Peer-reviewed articles
- Hoyos, M (2022). Did the Trade Liberalization of the 1990s Really Boost Economic Growth? A Critical Replication of Estevadeordal and Taylor (2013). Empirical Economics, 63, 525–548.
- Hoyos, M, Libman, E. & Razmi, A. (2021). The Structural Outcomes of Investment Surges. Structural Change and Economic Dynamics, 58, 245-255.
- Hoyos, M. (2017). Trade Liberalization and Premature Deindustrialization in Colombia. Journal of Economic Structures. 6: 30.
Book chapters
- Hoyos, M. & Flechas, J. P. (2013). El movimiento estudiantil frente a la reforma a la educación superior en Colombia. In: Orozco, L.E. ed. La educación superior: retos y perspectivas. Universidad de los Andes.
Work in progress
- "North-South Trade, Technology Diffusion, and Uneven Development"
- "Trade Liberalization and Structural Change: Municipal Dynamic Effects of Colombia’s FTA with the US" (with
José A. Coronado) - "Is North-South Free Trade Still Relevant to Explain Uneven Development? A Critical Survey"
Awards and academic achievements
- Colciencias Scholarship - Colombian government, January 2021 – current
- Summer Dissertation Fellowship - Department of Economics, UMass Amherst, Summer 2021
- Pre-Dissertation Research Award - Center of Latin American, Caribbean & Latino Studies, UMass Amherst, Summer 2020
- Chair’s Summer Research Fellowship - Department of Economics, UMass Amherst, Summer 2019
Professional service
- Referee: Empirical Economics
Experience
Teaching
Stata Teaching Assistant
- Department of Economics, Amherst College, Fall 2022 – Current
Lecturer
- Intermediate Macroeconomics Department of Economics, Universidad Nacional de Colombia, Spring 2022
Teaching Assistant (Summer 2022, Fall 2020, Summer 2020)
- Intermediate Macroeconomics, Introductory Macroeconomics, Fall 2021, Spring 2021, Spring 2019;
- Introductory Microeconomics, Department of Economics, UMass Amherst, Spring 2020, Fall 2018
Research
Research Assistant (Spring 2022 and Summer 2021)
- Profs. Jayati Ghosh, Isabella Weber, and Mwangi wa G˜ıth˜ınji, Department of Economics, UMass Amherst, Spring 2020 and Fall 2019
References
- Arslan Razmi
Professor, Department of Economics
UMass Amherst
arazmi@econs.umass.edu - Daniele Girardi
Associate Professor, Department of Economics
UMass Amherst
dgirardi@umass.edu - Matt Woerman
Assistant Professor, Dept. of Resource Economics
UMass Amherst
mwoerman@umass.edu - Peter Skott
Professor, Department of Economics
UMass Amherst
pskott@umass.edu