The "border effect" literature finds that political borders have a very large impact on relative prices, implicitly adding several thousands of miles to trade. In this paper we show that the standard empirical specification suffers from selection bias, and propose a new methodology based on...

El documento presenta una revisión de la literatura sobre empresas públicas y regulación, con el objetivo de establecer las características fundamentales que debería contener esta última para atender a las particularidades de dichas empresas. Identificar las diferencias entre empresas...

La existencia de empresas públicas es un fenómeno habitual y económicamente significativo en la mayoría de los países. En este trabajo se analiza la existencia de empresas estatales en la región y en Uruguay, considerándose los motivos para su creación; las propuestas de reforma surgidas...

The paper discuss the correspondence between the organizational form of multilateral lending institutions and its aim and performance. It is based on the microeconomic of the banking sector and identify financial and contractual risks, and alternative forms of corporate governance as an...

There is a wide debate worldwide, and particularly in Latin America with respect to citizen insecurity and the proliferation of more punitive claims from the society itself. In this article we analyze the attitude of the citizens belonging to the countries of the Latin American South Cone...

In this work we quantify the impact of trade liberalization in the global beef markets over labor income, employment and poverty levels in Uruguay. The adjustment of local beef prices after an external shock to the worldwide price levels is imperfect. Estimations indicate that 76% of a certain...

In this study we use data on subjective well being and migration in Cuenca, one of the Ecuador's largest cities. We examine the impact of migration on the happiness of the family left behind. We use the propensity score matching estimator to take into account the endogeneity of migration. Our...

This paper analyzes the role of the sharply increases in the minimum wage after 2004 in Uruguay in the slight decrease on wage inequality. We Önd no impact of the miminum wage increases on wage inequality. This results can be explained by the low starting level of the minimum wage or lack of...

Analizamos las calificaciones de deuda soberana a partir de modelos logit para una muestra de 53 países entre 2000 y 2010. Dado que la literatura sobre el tema omite un tratamiento diferencial para variables explicativas no estacionarias incorporamos un factor de tendencia que interactúa con...

There is an increasing literature that discusses how to measure the middle class. Some approaches are based on an arbitrary deÖnition such as income quartiles or the poverty line. Recently, Foster and Wolfson developed a methodology which lacks of arbitrariness that enables us to compare the...