In the presence of selection bias, traditional estimators of pseudo panel data are inconsistent. In this paper, the authors derive the conditions under which consistence is achieved in pseudo-panel estimation and propose a simple test of selection bias. Specifically, they propose a Wald test for the null hypothesis that there is no selection bias. Under rejection of the null hypothesis, the aut...

The question of whether a majoritarian setup is optimal in terms of broad representation takes up on paramount importance in the context of power-sharing in deeply divided places, whereby unqualified exclusion of segment(s) of the population from government can have potentially disastrous consequences. Governance in deeply-divided places presents a rather intriguing question --who governs the p...

The purpose of this study is to assess the thresholds at which military expenditure modulates the effect of terrorism on capital flight. We employed a panel data of 37 African countries from 1996-2010.The empirical evidence was based on: (i) baseline contemporary and noncontemporary OLS, (ii) contemporary and non-contemporary fixed effects regressions to account for the unobserved heterogeneity...

As environmental degradations constantly and directly threaten human well-being, it is imperative to explore the impacts on people’s happy life. This research investigates association between subjective well-being (SWB) ecological footprints (EF) through space-time fixed effects panel regressions. EF, as a vital indicator of environmentally sustainable development, plays role in balance. SWB de...

Fast and steady economic growth in China during the 1990s attracted much international attention. Given the scarcity of resources, it is important for economic growth to depend on production efficiency improvement to achieve sustainability. As China is the world’s second largest foreign capital recipient, foreign capital plays an important role in investment. If economic growth is fuelled by in...

T he market potential is an indicator showing the level of market access and national demand for products of a region. The aim of this study is to study the effect of market potential on regional economic growth in 28 Iranian provinces over the years 2001–2011. In order to do that, a model of regional growth was estimated by using Spatial Dynamic Panel Data technique. This technique ...