In this paper we analyze the impact of exchange rate uncertainty on export flows among a panel of 27 countries throughout the 1994/01-2014/12 period. In order to do this, we apply a panel vector autoregressive model approach. By dividing the panel into two subgroups that involve...

In Uruguay total yearly tourists represent about 90% of its population of which historically 60% or more have come from Argentina. Tourist activities have a great impact on Uruguayan economy. They represent about 4% of Uruguayan GDP and generate near 6% of total employment and 14% of total...

Uruguay has undergone a gradual trade liberalization process that has opened the economy to the world. The country is currently conducting trade negotiations that can considerably improve its access to developed countries markets. Based on interviews with enterprises, trade unions and government...

The purpose of this paper is to estimate the influence of Argentina and Brazil on the Uruguayan economy between 1980 and 2002. The analysis of the relations between the regional GDPs indicated the existence of a long-term equilibrium between the growth rates of Argentina, Brazil and Uruguay....

Regional integration is under discussion nowadays. In 1991, Argentina, Brazil, Paraguay and Uruguay created the MERCOSUR regional bloc, which was fully consolidated in 1995. The stabilization problems suffered by the region since 1999, asymmetry problems inside the bloc, the growth of...

The Uruguayan economy has undergone over the past two decades an important growth process, together with a real appreciation of the domestic currency. This implied that the Real Exchange Rate (RER), calculated as TP/NTP, experienced important changes. From this phenomenon, this paper examines...

This paper analyzes the relationship between exports and real exchange rate (RER) of six Uruguayan export products: beef, leather, dairy, chemical, metallurgical and plastics, selected for their importance in total exports during 1993-2011. We considered the sectoral RER and used the Johansen...

Here we analyze the relationship between the Uruguayan exports: beef, dairy, chemicals and plastics, and the sectorial real exchange rate (TCRES), from January-93 to December-09 studying the possible cointegration between the variables. The results differ across sectors analyzed. International...

Argentinian and Brazilian demands for tourism in Uruguay are analyzed separately. These countries represent 66.25% of the receptive tourism in Uruguay, however they presente different characteristics. Two long-run relationships among tourism expenditures, income and real touristic exchange rate...