This articles emphasizes the important role of human capital, manufacturing and imports to increase real income per inhabitant and non-agrarian employment. Some researchers specialized in economic growth analyse the export-led growth in many countries and insist upon the importance of openness...

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...