A critical review of cointegration is presented in this paper, emphasizing some limitations of this approach to testing causal relations in Econometrics. Very often the usual way of analyzing cointegration leads researchers to declare many important causal relations as spurious when they are...

We present some econometric models of agrarian and non agrarian employment in OECD countries, and analyse the evolution of employment in European Union and the USA and other areas in the period 1960-2000. Data show that wages are lower in EU than in the USA and in spite of that rates of...

We analyse the evolution of Private Consumption on Health, having into account that there are substitution effects between public and private expenditure in OECD countries. From the analysis of the evolution of these variables our main conclusion is that the increase of expenditure on Health,...

This article presents some econometric models that have into account both supply and demand sides as determinants of real Exports, and the important relationships that exist between industrial development and foreign trade. The models also focus on the positive role that human capital plays to...