The dynamic window approach is a well known navigation scheme developed in Fox et al. (1997) and extended in Brock and Khatib (1999). It is safe by construction and has been shown to perform very efficiently in experimental setups. However, one can construct examples where the proposed scheme fails to attain the goal configuration. What has been lacking is a theoretical treatment of the algorit...

This paper proposes the GMM estimation of the spatial dynamic panel data model with …xed e¤ects when n is large, and T can be large, but small relative to n. By eliminating …xed e¤ects to begin with, we investigate asymptotic properties of the estimators, where exogenous and predetermined variables are used as instruments. For the spatial dynamic panel data model, as compared with the dynamic p...

Recognition of economic growth determinants is one of the most important concerns for economists. In the oil exporting countries oil revenues play a significant role for the economy alongside with other economic growth determinants. This paper attempts to investigate the role of oil in selected oil-revenue dependent economies. Since oil revenue goes directly to public treasury and is expended b...