Grounded on the concept of cointegration, this paper develops a novel test of time series convergence between pairs of unit root processes. The test (i) does not require the estimation of the cointegration coeffcient, (ii) is robust to general forms of weak dependence in the transitory...

Explaining the Eurozone crisis requires explaining the origins of the external imbalances until then. The paper divides the literature arguments into three "fundamental causes", not mutually exclusive: a competitiveness problem, North-South flows, and excess of public and/or private spending....

This work calculates coefficients of spatial inequalities of wealth amongst Brazilian municipalities, for each year for the period from 1920 to 2016, states of the federation, from 1939 to 2017, and amongst municipalities from each of the five Brazilians' macro-regions, from 1920 to 2016. The...

The last quarter of the 20th century was a period of sustained economic growth across many countries. Countries' institutional arrangements have been commonly employed as factors in the convergence studies of economic growth and income levels. However, the issue of whether institutions...

This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to...

Urban eco-efficiency, as an indicator to evaluate urban sustainability, has attracted increased attention, and green technology innovation has been proved to be an effective method to promote eco-efficiency. However, due to regional inequality, the level of eco-efficiency and green technology...