El objetivo del presente trabajo es determinar la existencia o no de convergencia (absoluta y condicional) para la región de América Latina y determinar las principales variables que afectan el crecimiento económico de estos países. El trabajo presenta, en una primera parte, la exposición...

We use a previously unexploited data set to calculate the real exchange rate with respect to the U.S. dollar for Mexico for 1930.01-1960.12, and to test for purchasing power parity (PPP). The initial results from the Augmented Dickey-Fuller (ADF) test show weak support for the PPP hypothesis....

The Fisher and Seater (1993) methodology is used to test for the long run neutrality of money in Guatemala, 1950-2001. Real GDP, real per capita GDP, and the money measures, M1 and M2, are integrated of order one [I (l)]. Given these orders of integration, the Fisher-Seater neutrality test can...