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Crecimiento económico, estructura institucional y productividad en Uruguay, 1955-2010

Author

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  • Elizabeth Bucacos

    (Banco Central del Uruguay)

Abstract

This paper aims at pointing out the importance of the institutional setting in the explanation of both the level and the growth rate of the Uruguayan economy in the last fifty-five years. In order to do so, a theoretical model of technological transfer is developed in which institutions in the productive process are explicitly incorporated and then sources of growth are analyzed. The strategy consists of adjusting basic inputs in order to obtain a better measure for the total factor productiviy. Physical capital is adjusted by its use and human capital by its quality. Then, the role of institutions is studied.

Suggested Citation

  • Elizabeth Bucacos, 2012. "Crecimiento económico, estructura institucional y productividad en Uruguay, 1955-2010," Documentos de trabajo 2012007, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2012007
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    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/7.2012.pdf
    File Function: First version, 2012
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    More about this item

    Keywords

    Economic growth; aggregate productivity; institutions; Uruguay;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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