Publicaciones
Notice: Undefined variable: anio in /home/web/iecon/html/sitio_presentacion/inc/autores/inc_automatico.php on line 81
Idioma: Español
Notice: Undefined index: mostrar_toda_fecha in /home/web/iecon/html/sitio_presentacion/inc/autores/inc_automatico.php on line 42
Fecha: 2021
This paper analyses the empirical trade-offs between equity and efficiency of various instruments of welfare state fiscal policies. To this end, we present and estimate different systems of structural equations and their error components through which these fiscal policies affect redistribution and economic growth. The empirical results, obtained by using a panel data of 35 high- and upper-middle-income countries over the period 1980–2014, suggest that not all policies depress economic growth rates. In relation to cash transfer variables, we can observe a significant empirical trade-off of old-age-related transfers. However, we do not find a significant equity–efficiency trade-off for working-age transfers. This variable has only a significant and positive effect in the redistribution equation, but does not affect the economic growth rate. If we consider measures of direct taxes, we find a significant and important trade-off for social contributions, and to a lesser extent for income taxes. We do not find a significant trade-off for capital taxes. These taxes only have a significant and negative unexpected effect on redistribution.
Notice: Undefined index: mostrar_toda_fecha in /home/web/iecon/html/sitio_presentacion/inc/autores/inc_automatico.php on line 42
Fecha: 2020
This paper analyses the cyclical fluctuations of public social cash transfers and its components in Uruguay over 1988/Q1 to 2016/Q3. The unobservable cyclical components are extracted from the observable time series using different empirical strategies. The results show that components of public social cash transfers are procyclical and lag the macroeconomics fluctuations. This enables us to say that instead of these cash transfers contributing to stabilizing the Uruguayan economy they have thereby
aggravated the business cycle, and through various expenditure items expose the vulnerable groups of society to more adverse economic conditions
Notice: Undefined index: mostrar_toda_fecha in /home/web/iecon/html/sitio_presentacion/inc/autores/inc_automatico.php on line 42
Fecha: 2020
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 manufacturing-exporting and commodity-exporting economies, we observe a different effect of exchange rate uncertainty on exports. This has a negative impact in manufacturing-exporting countries, but does not affect commodity-exporting countries. This result appears to be explained by countries’ economics characteristics, involving the flexibility or rigidities of the export adjustment arising exchange rate uncertainty.
Notice: Undefined index: mostrar_toda_fecha in /home/web/iecon/html/sitio_presentacion/inc/autores/inc_automatico.php on line 42
Fecha: 2018
Idioma: Inglés
Notice: Undefined index: mostrar_toda_fecha in /home/web/iecon/html/sitio_presentacion/inc/autores/inc_automatico.php on line 42
Fecha: 2018
This paper studies the RER volatility dynamics, estimated through GARCH and IGARCH models for Brazil, Chile, New Zealand, and Uruguay from 1990 to 2013.
Notice: Undefined index: mostrar_toda_fecha in /home/web/iecon/html/sitio_presentacion/inc/autores/inc_automatico.php on line 42
Fecha: 2015
En el presente estudio se analiza la política económica llevada adelante en Uruguay entre 2000 y 2014. En estos quince años analizados Uruguay logró atravesar una de las mayores crisis económicas de su historia y luego aprovechar un escenario internacional favorable para realizar reformas estructurales de significación y mejorar sus indicadores sociales. En el proceso parece haber logrado una mayor independencia de la región, obteniendo buenos resultados incluso en años en que los países vecinos atravesaban desequilibrios macroeconómicos y estancamiento de sus economías. No obstante, los años venideros demostrarán si con un escenario internacional menos favorable y ante la persistencia de un mal desempeño de los países vecinos, este “desacople” es posible.
