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Las exportaciones uruguayas y el tipo de cambio real: un análisis sectorial a través de modelos VECM- 1993-2010


  • Alvaro Brunini

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

  • Gabriela Mordecki

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


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 demand was silgnificant in all models. Upon disposal, most of the TCRES became significant with the expected sign, except plastic exports. This would not be checking at least in these cases, the theoretical relationship between increases on exports and improved competitiveness as measured by the real exchange rate. This raises new questions and an extensive agenda for future work.

Suggested Citation

  • Alvaro Brunini & Gabriela Mordecki, 2011. "Las exportaciones uruguayas y el tipo de cambio real: un análisis sectorial a través de modelos VECM- 1993-2010," Documentos de Trabajo (working papers) 11-13, Instituto de Economía - IECON.
  • Handle: RePEc:ulr:wpaper:dt-13-11

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    References listed on IDEAS

    1. Bucheli, Marisa & Amarante, Verónica, 2011. "Negociación salarial colectiva: revisión de la literatura y de la experiencia en Uruguay 2005-2006," Estudios y Perspectivas – Oficina de la CEPAL en Montevideo 12, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Guillermo Alves & Rodrigo Arim & Gonzalo Salas & Andrea Vigorito, 2009. "Desigualdad salarial en uruguay, 1981-207," Documentos de Trabajo (working papers) 09-05, Instituto de Economía - IECON.
    3. Ivone Perazzo, 2012. "La negociación salarial en Uruguay: un modelo para analizar sus efectos," Documentos de Trabajo (working papers) 12-07, Instituto de Economía - IECON.
    4. Alma Espino & Sebastián Goinheix & Guillermo Alves, 2011. "La evolución de la demanda a través de la información sobre vacantes. Noviembre de 2011," Documentos de Trabajo (working papers) 11-11, Instituto de Economía - IECON.
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    More about this item


    Exportaciones; Tipo de cambio real sectorial; Competitividad;

    JEL classification:

    • F19 - International Economics - - Trade - - - Other
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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