The Batllismo was a defining political and cultural phenomenon of Uruguay in the first three decades of the twentieth century. One of the most characteristic aspects of his speech and action was economic and social reformism. Within the limits of capitalism and political liberalism, it was...

This paper brings a global approach to the principles characteristics of the monetary policy in the period 1931-1959 and its changes related to the national and international context. Two were the most important transformations. On one hand, the increasing role of the Republic Bank of Uruguay...

Although the Uruguayan participation in world trade was insignificant, the external sector had a crucial role in the national economy of such a small and open country. On the one hand, the country's economic growth depended on livestock exports, on the other, continued state funding was...

This is the first of three papers that study the Uruguayan economy between 1900 and 1955. It is considered the global economic performance of Uruguay during the first half of the 20th century, when the country experienced “its best” period of economic growth in contrast with the worst...

There´s a consensus in the Uruguayan historiography about the important increase of the state intervention in economic and social issues during the long period of political dominance of Batllismo (1903-1933). However, the studies of this phenomenon have not discriminated sufficiently between...

In this paper we study the economic policies between 1900 and 1955. We divide the analysis in two periods considering 1931 as a benchmark between two different policies. After this year, we identify important changes in the economic policies in terms of the role of the state and the regulation...

This article discusses the public expenditure management in Uruguay between 1910 and 2000, in relation to the government resources oriented to social protection. It considers the domestic long run income-elasticity of the public expenditure. Then, it studies the cyclical performance of the total...

This paper studies the roll of Family Allowances as indirect wages from a perspective of economic history. The analysis, made from the perspective of the Régulation Theory, focuses on uruguayan industrial workers and covers the period 1943-2005. From the analysis of Family Allowances as an...

The Uruguayan pension system has been recorded as one of the most advanced in the region, being a pillar of the protection policies of the country. However, the financial crisis of the system and the discussions about the cost of social security has been a constant in the national debate. In...

Institutions and their quality are central concepts in the recent development and institutional economics literatures. Our hypothesis is that inadequate contract enforcement has hindered investment and, in consequence, indirectly has had a negative effect on Uruguay’s long-term growth...