  Using as a central instrument a new database, resulting from a compilation of
historical administrative records, which covers the period 1974-2010, we can
have new evidence on how industrial companies used tax benefits, and claim that
these are decisive for the investment decision of the Uruguayan industrial
companies during that period. The aforementioned findings served as a raw
material to also affirm that the incentives to increase investment are factors
that positively influence the level of economic activity and exports, and
negatively on the unemployment rate.
