Sebastián Sosa published: The Influence of "Big Brothers: "How Important are Regional Factors for Uruguay? (IMF) . This paper examines the role played by regional factors in Uruguay, identifies the sources and transmission mechanisms of shocks stemming from the region, and assesses how vulnerable Uruguay is to a potencial crisis in the region. Sebastián use a VAR model with block exogeneity resctrictions. see:
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23683. 0