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Modeling Public Policies in Latin America and the Caribbean

image of Modeling Public Policies in Latin America and the Caribbean

The Inter-American Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC) have formed a partnership to promote a regional network of computable general equilibrium (CGE) modellers that facilitates the exchange of analytical findings, techniques and data, with the ultimate objective of better serving policymakers in policy formulation. The regional meetings of CGE modellers, held annually in a different country of the region, have been instrumental in promoting interregional transfer of analytical technologies and in bringing the region closer to international best practices. This book contains a selection of studies discussed in past annual regional meetings on modelling.

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Poverty assessment from integration and employment policies in Uruguay: A CGE modelling analysis

Since the mid-1970s, Uruguay has been gradually adopting reforms to strengthen its relations with the rest of the world, improve the efficiency of resource allocation through market-oriented measures, and stabilize macroeconomic variables. Initially, the reforms focused on domestic price deregulation, capital-account liberalization and transformation of the financial sector. In the 1980s, however, the focus shifted towards trade reforms, and tariffs were gradually lowered. Starting from a maximum of 150% in 1980, by January 1993 the highest tariff had been brought down to 20%.

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