Efectos de \"Derrame\" de las Empresas Transnacionales en la Industria Manufacturera Uruguaya (1990-2000)

The objective of this paper is to measure, through econometric techniques, the existence of horizontal and vertical spillovers form Transnational Corporations presence in Uruguayan's manufacturing sector in 1990-2000. We concluded that the factorial productivity of the firms has a positive tendency between 1990-96, and a negative tendency between 1997-2000. The subsidiaries of TNCs has a higher productivy than the local