Expectations and industrial output in Uruguay: Sectoral interdependence and common trends

This paper examines the interdependence between expectations and growth by analysing Uruguayan manufacturing industry, divided for the purpose into four industry groupings differentiated by trade participation and production specialization. The study shows that there is a long-run relationship betwe...

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Autor principal:	Lanzilotta M., Bibiana
Formato:	Texto
Lenguaje:	English
Publicado:	2014
Materias:	INDUSTRIA PRODUCTOS MANUFACTURADOS DESARROLLO INDUSTRIAL ESPECIALIZACION DE LA PRODUCCION PRODUCCION INDUSTRIAL MODELOS ECONOMETRICOS INDUSTRY MANUFACTURES INDUSTRIAL DEVELOPMENT PRODUCTION SPECIALIZATION INDUSTRIAL PRODUCTION ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/37422
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id	oai-11362-37422
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spelling	oai-11362-374222020-03-06T16:50:27Z Expectations and industrial output in Uruguay: Sectoral interdependence and common trends Lanzilotta M., Bibiana INDUSTRIA PRODUCTOS MANUFACTURADOS DESARROLLO INDUSTRIAL ESPECIALIZACION DE LA PRODUCCION PRODUCCION INDUSTRIAL MODELOS ECONOMETRICOS INDUSTRY MANUFACTURES INDUSTRIAL DEVELOPMENT PRODUCTION SPECIALIZATION INDUSTRIAL PRODUCTION ECONOMETRIC MODELS This paper examines the interdependence between expectations and growth by analysing Uruguayan manufacturing industry, divided for the purpose into four industry groupings differentiated by trade participation and production specialization. The study shows that there is a long-run relationship between industrialists' expectations and output growth in each grouping. In the most trade-oriented groupings the relationship is one of predetermination, showing how useful expectations are as a guide to sectoral growth. Expectations in the four industrial groupings are shown to follow a common long-run trend, identified with the one guiding the export grouping. Impulse-response simulations derived from a multisectoral vector autoregression (VAR) model confirm the important role of the industries most exposed to international competition in spreading shorter-term shocks. 2014-12-10T13:21:57Z 2014-12-10T13:21:57Z 2014-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/37422 LC/G.2614-P 6 en CEPAL Review CEPAL Review 113 .pdf application/pdf URUGUAY URUGUAY
institution	Cepal
collection	Cepal
language	English
topic	INDUSTRIA PRODUCTOS MANUFACTURADOS DESARROLLO INDUSTRIAL ESPECIALIZACION DE LA PRODUCCION PRODUCCION INDUSTRIAL MODELOS ECONOMETRICOS INDUSTRY MANUFACTURES INDUSTRIAL DEVELOPMENT PRODUCTION SPECIALIZATION INDUSTRIAL PRODUCTION ECONOMETRIC MODELS
spellingShingle	INDUSTRIA PRODUCTOS MANUFACTURADOS DESARROLLO INDUSTRIAL ESPECIALIZACION DE LA PRODUCCION PRODUCCION INDUSTRIAL MODELOS ECONOMETRICOS INDUSTRY MANUFACTURES INDUSTRIAL DEVELOPMENT PRODUCTION SPECIALIZATION INDUSTRIAL PRODUCTION ECONOMETRIC MODELS Lanzilotta M., Bibiana Expectations and industrial output in Uruguay: Sectoral interdependence and common trends
description	This paper examines the interdependence between expectations and growth by analysing Uruguayan manufacturing industry, divided for the purpose into four industry groupings differentiated by trade participation and production specialization. The study shows that there is a long-run relationship between industrialists' expectations and output growth in each grouping. In the most trade-oriented groupings the relationship is one of predetermination, showing how useful expectations are as a guide to sectoral growth. Expectations in the four industrial groupings are shown to follow a common long-run trend, identified with the one guiding the export grouping. Impulse-response simulations derived from a multisectoral vector autoregression (VAR) model confirm the important role of the industries most exposed to international competition in spreading shorter-term shocks.
format	Texto
author	Lanzilotta M., Bibiana
author_facet	Lanzilotta M., Bibiana
author_sort	Lanzilotta M., Bibiana
title	Expectations and industrial output in Uruguay: Sectoral interdependence and common trends
title_short	Expectations and industrial output in Uruguay: Sectoral interdependence and common trends
title_full	Expectations and industrial output in Uruguay: Sectoral interdependence and common trends
title_fullStr	Expectations and industrial output in Uruguay: Sectoral interdependence and common trends
title_full_unstemmed	Expectations and industrial output in Uruguay: Sectoral interdependence and common trends
title_sort	expectations and industrial output in uruguay: sectoral interdependence and common trends
publishDate	2014
url	http://hdl.handle.net/11362/37422
work_keys_str_mv	AT lanzilottambibiana expectationsandindustrialoutputinuruguaysectoralinterdependenceandcommontrends
_version_	1718440846712373248

Expectations and industrial output in Uruguay: Sectoral interdependence and common trends

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