Uruguay generates different kinds of policy outcomes. First, relatively stable policies, such as the commercial and financial openness of the country. Second, inflexible and low quality policies, such as those related to social policies, some areas of the State reform (civil servants' wages and...

This paper explores the effect of religious observance and affiliation to the dominant religion (Catholicism) on trust in institutions, towards others and market attitudes. The analysis is performed using a Latin American database of twenty thousand respondents from 2004 by means of ordered...

Recientemente se ha manifestado una tendencia creciente hacia la integración regional en diversas áreas del mundo. Ello ha reavivado la discusión en torno a la conveniencia o no de dichos procesos y su compatibilidad con el libre comercio. Este trabajo retoma la discusión y centra su...

The word ‘homogamy ' derives of Latin, ‘homo ' that means equally and ‘gamy ' refers to the union in marriage. In such a sense, the general objective of the present document is to analyze the structure of marriage in Montevideo and Metropolitan Area. Specifically it is looked for to...

We consider a pure exchange economy, where agent's consumption spaces are Banach spaces, goods are contingent in time of states of the world, the utility function of each agent is not necessarily a separable function, but increasing, quasiconcave, and twice Frechet differentiable over the...

The purpose of this paper is to analyze some additional issues related to foreign direct investment (FDI) and to the development of regional integration agreements (RIA).Firstly, we include additional variables to those that are generally considered in the gravity models of FDI determinants...

The paper analyses data on wages, employment and labour composition in the Uruguayan manufacturing sector during 1985-1999 in order to get some evidence on the effects of union action on these variables. The whole period is first studied using a model in which no assumptions on the underlying...

The transnational corporations have been the most remarkable economic phenomena of the post-war period. They are the modern incarnation of the great corporations of the end of the XIX century. But, beyond its common characteristics, it is important to underline the specific attributes of this...

Este documento presenta una revisión sistemática de la literatura económica reciente de las drogas, con especial énfasis en las ilegales. El trabajo es parte del Proyecto “Aporte universitario a un Debate Nacional de Drogas. Las drogas: problemas y potencialidades de la despenalización de...

In the framework of the general equilibrium theory, we introduce an evolutionary model for an economy with production. This will try to explain the possibility of the emergence of unexpected and unpredictable changes (economic crisis), in the economy as a result of the action, under imperfect...