Dissecting Economic Growth in Uruguay
January 8, 2021
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Summary
Uruguay experienced one of its biggest economic booms in history during 2004-2014. Since then, growth has come down significantly. The paper investigates the various causes of the boom and discusses the sustainability of these causes. It then compares Uruguay against high-growth countries that were once at a similar income level, across a broad set of structural indicators, to identify priority reform areas that could improve long-term growth prospect.
Subject: Commodity prices, Exchange rates, Exports, Real exchange rates, Total factor productivity
Keywords: commodity price boom, convergence record, economic growth, economy of Uruguay, income convergence, soybean export, sustainable growth, terms of trade, Uruguay, Uruguay economy, WP
Pages:
38
Volume:
2021
DOI:
Issue:
002
Series:
Working Paper No. 2021/002
Stock No:
WPIEA2021002
ISBN:
9781513564708
ISSN:
1018-5941
