Person: Clavijo, Mateo
Loading...
Author Name Variants
Clavijo, Mateo, Clavijo Muñoz, Mateo
Fields of Specialization
macroeconomics, applied econometrics, international development
Degrees
Externally Hosted Work
Contact Information
Last updated:January 31, 2023
Biography
Mateo Clavijo is a former researcher at the World Bank’s Macroeconomic and Fiscal Management Department for Latin America and the Caribbean. He holds an MSc in Economics and Finance from Universitat Pompeu Fabra (UPF) in Barcelona-Spain. His research interests include monetary economics and development and he has focused on studying the effects of financial system imbalances on economic cycles as well as income differences in Latin American. Prior to his position at the World Bank he worked in the banking sector in his hometown of Bogotá-Colombia, where he also obtained an MA and BA degree in Economics from the Universidad de los Andes.
5 results
Publication Search Results
Now showing1 - 5 of 5
Publication Benchmarking the Determinants of Economic Growth in Latin America and the Caribbean(World Bank, Washington, DC, 2014-12) Araujo, Jorge Thompson; Brueckner, Markus; Clavijo, Mateo; Vostroknutova, Ekaterina; Wacker, Konstantin M.The Latin America and Caribbean (LAC) region has seen a decade of remarkable growth and income convergence. Growth has been a key driver for reducing poverty and boosting shared prosperity. It has been debated how much of this decade of growth has been driven by policy reforms and how much was due to the favorable external conditions. While external factors were supportive and relevant, the effect of domestic policies was just as relevant for explaining LAC's recent growth performance. The emphasis of domestic policy has shifted from stabilization policies to structural policies. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. The authors analyze growth in LAC using descriptive statistics and growth econometrics. The authors use these results for explaining the pattern of growth in LAC over the last decade, for looking ahead, and to identify potential policy gaps.Publication Beyond Commodities: The Growth Challenge of Latin America and the Caribbean(Washington, DC: World Bank, 2016-11-02) Araujo, Jorge Thompson; Vostroknutova, Ekaterina; Brueckner, Markus; Clavijo, Mateo; Wacker, Konstantin M.Beyond Commodities shows that Latin America and the Caribbean’s growth performance over the last decade cannot be reduced to the commodity boom: growth-promoting reforms that strengthened financial development, increased trade openness and improved infrastructure development also played a significant role and can continue doing so. Based on the econometric analysis of panel data from the 1970-2010 period for 126 countries, the study shows that, while the commodity boom facilitated growth in most of the region, it did not determine it. Domestic pro-growth policies and the maintenance of a sound macro-fiscal framework played a central role in explaining the region’s good performance during last decade. It also shows that new growth “stars” such as Panama, Peru, Colombia and the Dominican Republic emerged during this period. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. Finally, with the worsening of external conditions, the authors conclude that the countries of Latin America and the Caribbean have no choice but to turn their attention to domestic drivers to keep growth going, as the structural reforms agenda remains unfinished.Publication Understanding the Income and Efficiency Gap in Latin America and the Caribbean(Washington, DC: World Bank, 2016-03-23) Thompson Araujo, Jorge; Vostroknutova, Ekaterina; Wacker, Konstantin M.; Clavijo, Mateo; Thompson Araujo, Jorge; Vostroknutova, Ekaterina; Wacker, Konstantin M.; Clavijo, MateoThe countries of the Latin America and Caribbean region (LAC), like other emerging economies, have benefited from a decade of remarkable growth and some income per capita convergence towards the United States and other industrialized countries. However, even nearly ten years of solid growth in the first decade of the 21st century could not guarantee that LAC would move on to a sustained long-term income convergence path. In fact, despite this recent progress, LAC still faces a significant per capita income gap with the developed world. The papers in this volume contribute to the ongoing debate on the reasons for this persistent income gap and the potential drivers of convergence, and propose some broad avenues for reform. This volume presents new macro-, sectoral-, and micro-level evidence that: (i) differences in total factor productivity (TFP), or efficiency in using the production factors, such as physical and human capital, explain a large part of LAC's persistent income gap; and (ii) resource misallocation is the main factor behind LAC's large efficiency gap. At the same time, the findings of this volume indicate there is significant room for further economic growth gains from technology adoption and innovation more broadly. In fact, the quality of the available technology in LAC is low, and there is very little innovation. Although firms can use innovation to reach productivity at the global productivity frontier, weak institutions reduce incentives to innovate. This volume also proposes that the main priorities for improving resource allocation and the incentives to innovate include: (i) enhancing market competition in key network industries (transport, financial, telecommunications, logistics, communication and distribution services); (ii) increasing labor market flexibility (including skill-mismatches and social barriers); (iii) removing informational frictions (including complex tax regimes and credit rationing); (iv) strengthening property rights; and (v) improving the rule of law.Publication Understanding Latin America and the Caribbean’s Income Gap(World Bank, Washington, DC, 2015-07) Thompson Araujo, Jorge; Vostroknutova, Ekaterina; Wacker, Konstantin M.; Clavijo, Mateo; Thompson Araujo, Jorge; Vostroknutova, Ekaterina; Wacker, Konstantin M.; Clavijo, Mateo; Caselli, Francesco; Eden, Maya; Nguyen, Ha; Schiffbauer, Marc; Sahnoun, Hania; Brown, J. David; Crespi, Gustavo A.; Iacovone, Leonardo; Marcolin, Luca; Jaramillo, Patricio A.Even nearly ten years of solid growth cannot guarantee long-term income convergence. The countries of the Latin America and Caribbean region (LAC), like other emerging economies, have benefited from a decade of remarkable growth and some income per capita convergence towards the United States and other industrialized countries. Yet, despite this recent progress, LAC still faces a significant per capita income gap with the developed world. The studies in this volume contribute to the ongoing debate on the reasons for this persistent income gap and the potential drivers of convergence, and propose some broad avenues for reform.Publication Beyond Commodities: The Growth Challenge of Latin America and the Caribbean(World Bank, Washington, DC, 2014-12-01) Thompson Araujo, Jorge; Brueckner, Markus; Clavijo, Mateo; Vostroknutova, Ekaterina; Wacker, Konstantin M.The Latin America and Caribbean (LAC) region has seen a decade of remarkable growth and income convergence. Growth has been a key driver for reducing poverty and boosting shared prosperity. It has been debated how much of this decade of growth has been driven by policy reforms and how much was due to the favorable external conditions. While external factors were supportive and relevant, the effect of domestic policies was just as relevant for explaining LAC's recent growth performance. The emphasis of domestic policy has shifted from stabilization policies to structural policies. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. The authors analyze growth in LAC using descriptive statistics and growth econometrics. The authors use these results for explaining the pattern of growth in LAC over the last decade, for looking ahead, and to identify potential policy gaps.