This paper sheds some light on the problems associated with random effects gravity approaches. Arguments for the superiority of a fixed effects model are given both along intuitive and econometric lines based on a Hausman test.  2000 Elsevier Science S.A. All rights reserved.

This paper uses data drawn from the English Football League to model separate hazard rates for club managers for the 2001/2, 2002/3 and 2003/4 seasons. On average over the three seasons, approximately one-third of managers involuntarily exited employment status with their club. We model the hazard using a standard logistic model exploiting information on the spell at risk rather than the indivi...

Opportunity inequality and its relationship with economic growth is a concept to which not enough attention has been paid in the previous studies. This study attempts to investigate the effects of opportunity inequality index on economic growth in 15 developing and 15 developed countries over the years 1995-2015. Accordingly, the mean group (MG) estimator within the framework of panel data was ...

G reenhouse gas emissions are fundamental both to the world’s energy system and to its food production. The production of CO2, the predominant gas implicated in climate change, is intrinsic to fossil fuel combustion; specifically, thermal energy is generated by breaking the chemical bonds in the carbohydrates oil, coal, and natural gas and oxidizing the components to CO2 and H2O. One cannot hav...

Emotions can shape decision processes by altering valuation signals, risk perception, and strategic orientation. Although multiple theories posit a role for affective processes in mediating the influence of frames on decision making, empirical studies have yet to demonstrate that manipulated affect modulates framing phenomena. The present study asked whether induced affective states alter gambl...

According to a 2006 study by the Asian Development Bank over 100 million of the 250 million Indonesians do not have access to safe drinking water and an additional 75 million rely on potentially contaminated sources. These numbers have declined however since the Indonesian economic crisis of 1998 the expansion and maintenance of water services have faltered. Estimates are that only 2 US dollars...

CORROSION is a natural process. Just like water flows to the lowest level, all natural processes tend toward the lowest possible energy states. Thus, for example, iron and steel have a natural tendency to combine with other chemical elements to return to their lowest energy states. In order to return to lower energy states, iron and steel frequently combine with oxygen and water, both of which ...