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...

Investment is a key to analyze an economy’s growth, as its increase the economy productive capacity, either expanding the capital stock as incorporating new technology that makes the production process more efficient. In Uruguay, investment has substantially increased in recent years, both...

Purpose – The purpose of this paper is to study the long-run relationship between economic growth and income inequality in China during the pre-reform (1952-1978) and post-reform (1979-2007) periods, this will be done via cointegration analysis. Design/methodology/approach – The aim of this...

The aim of this paper is to estimate long run relationships and threshold effects between inflation and economic growth in Mexico. We show the existence of such relationship in a cointegrated vector on Economic Growth (log of real GDP) and Inflation rate finding a corresponding elasticity...