Front Matter Page
IMF Country Report No. 20/52
URUGUAY
SELECTED ISSUES
February 2020
This Selected Issues paper on Uruguay was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with Uruguay. It is based on the information available at the time it was completed on January 29, 2020.
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© 2020 International Monetary Fund
Front Matter Page
URUGUAY
SELECTED ISSUES
January 28, 2020
Approved By
Western Hemisphere Department
Prepared by Natasha Che, Sidonia McKenzie, and Jose Torres.
Contents
DISSECTING ECONOMIC GROWTH IN URUGUAY
A. Introduction
B. Causes of the Recent Boom
C. Relative Importance of Growth Factors
D. Sustainability of Growth Factors
E. Structural Considerations
F. Conclusion
References
ANNEXES
I. The High-Growth Peer Country Group
II. The Trade Rival Country Group
III. Data Sources
IMPACT OF PUBLIC INVESTMENT ON GROWTH IN URUGUAY
A. Introduction
B. Direct Value-Added Approach
C. Fiscal Multiplier Approach
D. General Equilibrium Approach
E. Conclusion
References
BOX
1. Summary of GIMF Properties
ANNEX
I. Literature on Public Investment Multiplier
LABOR MARKETS IN URUGUAY
A. Characteristics of Labor Markets
B. Youth Unemployment
C. Estimation and Results
D. Conclusion
References