In this paper we examine the Environmental Kuznets Curve (EKC) hypothesis using the Ecological Footprint (EF), a more comprehensive indicator of environmental degradation, through a time-series analysis for seven Latin American countries covering the 1961-2007 period. We first test the EKC...

In this paper, we test the presence of stochastic trend in long series of US real GNP measured by Balke and Gordon (1989) and Romer (1989), using unit root tests robust against breaks and outliers. We apply two recent robust unit root tests proposed by Cavaliere and Georgiev (2009) and Lima and...

In this paper, we study the nature of the trend (deterministic or stochastic) for long spans of US GNP data (1869-1993). This distinction is important for macroeconomic theories, because the two models imply very different source of output fluctuations due to (transitory or permanent) shocks. We...