Centro de Investigaciones Económicas - CINVE

Working Papers
  • Discovering pervasive and non-pervasive common cycles with an application to the US

    03/2018

    Guillermo Carlomagno. Center of Economic Research (CINVE), University ORT Uruguay Antoni Espasa  Department of Statistics, Instituto Flores de Lemus, University Carlos III of Madrid Abstract The objective of this paper is to propose a strategy for exploiting short-run commonalities in the sectoral components of macroeconomic variables in order to obtain better models and more accurate forecasts of the components and, hopefully, of the aggregate. Our main contribution concerns cases in which the number of components is large, so that traditional multivariate approaches are not feasible. We show analytically and by…

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  • ESTUDIO SOBRE LOS COSTOS ECONÓMICOS DEL CONSUMO PROBLEMÁTICO DE ALCOHOL EN URUGUAY

    12/2017

    Autores: B. Lanzilotta (coord) J. Campanella (consultor asociado) Colab. A. Souto-Pérez, M. Campanella El presente documento corresponde al Informe final de la consultoría contratada en el marco del Acuerdo de Cooperación Técnica JND – OPS/OMS. El objetivo principal es presentar una primera estimación para el país de los costos económicos del consumo problemático de alcohol, entendiéndose por tal a aquel que conlleva costos netos sociales. Acceder al trabajo

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  • Discovering pervasive and non-pervasive common cycles

    07/2017

    Guillermo Carlomagno and Antoni Espasa. The objective of this paper is to propose a strategy for exploiting short-run common-alities in the sectoral components of macroeconomic variables in order to obtain better models and more accurate forecasts of the components and, hopefully, of the aggregate. Our main contribution concerns cases in which the number of components is large, so that traditional multivariate approaches are not feasible. We show analytically and by Monte Carlo methods that subsets of components in which all the elements share a single common cycle can be discovered…

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  • TESTING LINEARITY IN THE LONG-RUN RELATIONSHIP BETWEEN ECONOMIC GROWTH AND PASSENGER AIR TRANSPORT IN MEXICO

    02/2017

    International journal of transport economics, issn 0391-8440 · e-issn 1724-2185, vol. xliii · no. 4 · november 2016 Juan Gabriel Brida, Martín Alberto Rodríguez-Brindis, Bibiana Lanzilotta, Silvia Rodríguez-Collazo Abstract : This paper analyzes the dynamic relationship between Mexican air transport expansion and economic growth. To this end, non-parametric cointegration techniques and non-parametric causality tests are introduced and applied to quarterly data of GDP and number of air passengers in Mexico for the period 1995-2013. These procedures allow to test the existence of long run relationship between the variables and to…

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  • Innovation and Productivity in Services and Manufacturing: The Role of ICT Investment

    07/2015

    Diego Aboal and Ezequiel Tacsir Abstract Several studies have highlighted ICT as a driver of firm productivity in developed countries. However, the evidence about the impacts of ICT on services and manufacturing and particularly for developing countries is scarce. This paper focuses on understanding the determinants of investments in ICT at firm level and how this adoption ultimately affects innovation and productivity of Uruguayan services firms vis a vis manufacturing. Results show that ICT investments are more subject to economies of scale than other types of investments, are important for…

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  • Econometría e investigación en Economía en Uruguay

    06/2015

    Mariana Ghazarian, Adrián Fernández, Silvia Rodríguez Centro de Investigaciones Económicas (CINVE) Setiembre de 2013. Resumen El presente artículo resume los principales rasgos de los trabajos presentados a las Jornadas Anuales de Economía del Banco Central del Uruguay en los últimos 20 años, enfatizando en la metodología econométrica aplicada en los mismos. Se clasifican los 871 trabajos presentados entre 1993 y 2012, considerando el tema del artículo y la técnica econométrica utilizada. La clasificación temática se realiza según las categorías establecidas por el JEL (Journal of Economic Literature), mientras que para…

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