Several studies estimate TFP for the Uruguayan economy at an aggregate level (Bucacos,2000; Blyde et al, 2004; Fossati et al, 2005; De Brum, 2004). Though they use generally similar estimation methodologies they find contradictory evidence. In this paper we discuss possible explanations to these...

Purpose – The economic performance of Uruguay in the last 50 years has been disappointing. Annual growth in labor productivity has been lower than the rest of the Latin American economies and well below that East Asian and OECD countries. Out of the 0.9 percent of annual growth in...

Purpose – The economic performance of Uruguay in the last 50 years has been disappointing. Annual growth in labor productivity has been lower than the rest of the Latin American economies and well below that East Asian and OECD countries. Out of the 0.9 percent of annual growth in...

The economic performance of Uruguay in the last fifty years has been disappointing. Annual growth in labor productivity has been lower than the rest of the Latin American economies and well below that East Asian and OECD countries. Out of the 0.9% of annual growth in productivity, total factor...

The objective of this paper is to analyze empirically the effects of foreign direct investment (FDI) on investment in Uruguay in a long run perspective (1960-2011). On the basis of varied theoretical and analytic elements, the descriptive analysis and one empirical study with the methodology of...