The 1992 United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro focused the international spotlight on the problem of deforestation in the Brazilian Amazon. This report was prepared in an attempt to provide both national and international policy makers with...

The problems of how to evaluate and compare the quality of models formed from panel data are discussed. Using the lessons learnt from the valuation of time series models using post-sample forecasting a variety of tests are suggested using several out-of-sample parts of a panel data set, but...