The Forest Inventory and Analysis program of the Forest Service, U.S. Department of Agriculture conducts a national inventory of fine woody debris (FWD); however, the sampling protocols involve tallying only the number of FWD pieces by size class that intersect a sampling transect with no...

Information on current forest condition is essential to assess and characterize resources and to support resource management and policy decisions. The 1998 Farm Bill mandates the US Forest Service to conduct annual inventories to provide annual updates of each state's forest. In annual...

Information on current forest condition is essential to assess and characterize resources and to support resource management and policy decisions. The 1998 Farm Bill mandates the US Forest Service to conduct annual inventories to provide annual updates of each state's forest. In annual...

National forest inventory programs are tasked to produce timely and accurate estimates for a wide range of forest resource variables for a variety of users and applications. Time, cost, and precision constraints cause these programs to seek technological innovations that contribute to...

This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in the slope parameters of stationary vector autoregressions (VARs). The paper also compares the FE, the mean group estimator (MG), and a simple instrumental variable alternative...

This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to...

Increased attention is being paid to assessments of the actual values of countries' real exchange rates relative to their "equilibrium" values as suggested by "fundamental" determining factors. This paper assesses the robustness of alternative approaches and models commonly used to derive...

This paper uses a Merton-type estimate of the probability of default (PoD) for the main banks in a sample of Organization for Economic Cooperation and Development and middle-income countries as a proxy for the fragility of their banking systems. Based on theory and stylized facts, the paper...

This study investigates the relationship between uncertainty and investment using U.K. data at different levels of aggregation. Motivated by a comparative econometric analysis using a firm-level panel and aggregate time-series data, we analyze the implications of aggregating nonlinear...

Analyzing and projecting the behavior of macroeconomic variables in new EU member states presents special challenges, owing to limited time series of the available data. This paper presents an analysis of investment in Poland based on an underexplored sectoral data set. The determinants of...