Dissecting Economic Growth in Uruguay

Natasha Che

No 2021/002, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: economic growth; Uruguay; commodity price boom; sustainable growth; economy of Uruguay; WP; convergence record; income convergence; soybean export; terms of trade; Uruguay economy (search for similar items in EconPapers)
Pages: 38
Date: 2021-01-08
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