Academic Papers
Academic Journals
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Santos, M.A., Silverio-Murillo, A., Balmori-de-la-Miyar, J., and Rodríguez, A. “Crime Impacts of El Salvador’s Crackdown Policy.” 2026.
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Bustos, S., and Santos, M.A. “Beneficiation vs. Knowledge-based: Dead ends and steppingstones to productive diversification.” 2025.
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Hausmann, R., Pietrobelli, C., and Santos, M.A. “Place-specific Determinants of Income Development Gaps: New Sub-National Evidence from Mexico.”
Journal of Business Research Volume 131, July 2021, Pages 782-792 [PDF] · CID Faculty Working Paper No. 343. July 2018. Revised February 2020 [PDF]
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Bahar, D., Molina, C., and Santos, M.A. “Fool’s Gold: On the Impact of Venezuelan Devaluations in Multinational Stock Prices.”
Economia LACEA Fall 2018 Issue. Vol. 19 no. 1, 2018, pp. 93-128. [PDF] · Harvard CID Research Fellow & Graduate Student Working Paper No. 83, December 2020 [PDF]
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Bahar, D., and Santos, M.A. “One more resource curse: Dutch disease and export concentration.”
Journal of Development Economics, Volume 132, Feb 2018, Pages 102-114 [PDF] · Harvard CID Research Fellow & Graduate Student Working Paper No. 68, Revised December 2017 [PDF]
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Santos, M.A. “The Right Fit for the Wrong Reasons: Real Business Cycle in an Oil-Dependent Economy.”
Latin American Journal of Economics (former Cuadernos de Economía), Vol. 53 No. 1, pp. 61-94, December 2016 [PDF] · Harvard CID Research Fellow and Graduate Student Working Paper Series No. 64, September 2015 [PDF]
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Reinhart, C., and Santos, M.A. “From financial repression to external distress: The case of Venezuela.”
Emerging Markets Finance and Trade, Jan. 2016, pp. 1-30. [PDF] · NBER Working Paper No. 21333 (July 2015) [PDF] · Harvard CID Faculty Working Paper Series, No. 293, April 2015 [PDF]
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Betancourt, C., Garay, U., Contreras, V., and Santos, M.A. “Expropriation risk and housing prices: Evidence from an emerging market.”
Journal of Business Research, Volume 67 (5), May 2014, pp: 935-942. [PDF]
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Molina, C., and Santos, M.A. “Case Study CANTV-TELMEX: Which is the appropriate discount rate?”
Academia Revista Latinoamericana de Administración, número 44, 2010, pp. 137-154. [PDF] · Study Guide Case TELMEX-CANTV [PDF]
Work in Progress
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Bustos, S., Rigobon, R., and Santos, M.A. “Identification through heteroscedasticity: Disentangling the long-term impacts of the Maisanta blacklist.”