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

Nicolás Bonino-Gayoso, Antonio Tena-Junguito and Henry Willebald

No 15-02, Documentos de Trabajo (working papers) from Instituto de Economía - IECON

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.

Keywords: bilateral trade; accuracy indices; exports; uruguay; first globalization (search for similar items in EconPapers)
JEL-codes: F14 N76 (search for similar items in EconPapers)
Pages: 75 pages
Date: 2015-02
New Economics Papers: this item is included in nep-his, nep-int and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hdl.handle.net/20.500.12008/7160

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ulr:wpaper:dt-02-15

Access Statistics for this paper

More papers in Documentos de Trabajo (working papers) from Instituto de Economía - IECON Contact information at EDIRC.
Bibliographic data for series maintained by Lorenza Pérez ().