The Þnite sample behaviour is analysed of particular least squares (LS) and a range of (generalized) method of moments (MM) estimators in panel data models with individual effects and both a lagged dependent variable regressor and another explanatory variable. The latter may be affected by lagged feedbacks from the dependent variable too. Asymptotic expansions indicate how the order of magnitud...

The enemy release hypothesis is a common explanation for species invasions, suggesting that introduced species benefit from leaving behind natural enemies in the native range. However, any such advantage may attenuate over time. In this study, we test a prediction of this more dynamic enemy release hypothesis: that non-native plant species that became established longer ago exhibit stronger neg...

This study examines the impact of the nonlinear dynamics of soil-moisture feedbacks to precipitation on the temporal variability of soil moisture at the regional scale. It is a modeling study in which the large-scale soil-water balance is first formulated as an ordinary differential equation and then recast as a stochastic differential equation by incorporating colored noise representing the hi...

Is credit expansion a sign of desirable financial deepening or the prelude to an inevitable bust? We study this question in modern US data using structural VAR model 10 monthly frequency variables, identified by heteroskedasticity. Negative reduced-form responses output growth are caused endogenous monetary policy response shocks. On average, and remain positively associated. “Financial stress”...

In response to increasing concentrations of atmospheric CO2, high-end general circulation models (GCMs) simulate an accumulation of energy at the top of the atmosphere not through a reduction in outgoing longwave radiation (OLR)—as one might expect from greenhouse gas forcing—but through an enhancement of net absorbed solar radiation (ASR). A simple linear radiative feedback framework is used t...

How to best site reserves is a leading question for conservation biologists. Recently, reserve selection has emphasized efficient conservation: maximizing conservation goals given the reality of limited conservation budgets, and this work indicates that land market can potentially undermine the conservation benefits of reserves by increasing property values and development probabilities near re...