The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews...

In this article, we investigated which of the convergence hypotheses - absolute, conditional or club - best describes the movement of the income per worker for the countries of Latin America and East Asia between 1960 and 2000 using the methodology proposed by Johnson and Takeyama (2003). The...

In this paper I investigate labor force participation of older males in Latin America. The empirical analysis is divided in two parts. First, I use household survey data from twenty-three (23) Latin American and the Caribbean countries, from around 2005, to perform a cross-country analysis on...