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Uruguay y la Primera Globalización. Sobre la precisión del desempeño exportador, 1870-1913

Author

Listed:
  • Nicolás Bonino-Gayoso

    (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economí­a)

  • Antonio Tena-Junguito

    (Universidad Carlos III (Madrid). Departamento de Ciencias Sociales)

  • Henry Willebald

    (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economí­a)

Abstract

In order to understand Uruguayan long-run economic evolution it becomes crucial to interpret its export performance during the First Globalization. The lack of accuracy of official figures, especially official prices used, calls for an adjustment of Uruguayan exports series. We have used empirical evidence to test the accuracy of quantities and values of exports' records, first, according to import partners' records and, second, according to international market prices. Results show a general undervaluation of official export values during the period along with severe distortions in the registers caused by transit trade. We reconstructed new Uruguayan export f.o.b values and export price index, which present an export evolution more unstable and less dynamic than the one showed by its neighbor Argentina.

Suggested Citation

  • Nicolás Bonino-Gayoso & Antonio Tena-Junguito & Henry Willebald, 2015. "Uruguay y la Primera Globalización. Sobre la precisión del desempeño exportador, 1870-1913," Documentos de Trabajo (working papers) 15-02, Instituto de Economía - IECON.
    • Handle: RePEc:ulr:wpaper:dt-02-15
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    File URL: https://hdl.handle.net/20.500.12008/7160
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    bilateral trade; accuracy indices; exports; uruguay; first globalization;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean

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