In the recent past, there have been a lot of discussions and commentaries on the merits of urbanization in India. In addition to this, we also hear about the poor, rather pathetic, living conditions of migrants who work in urban spaces, there are pressing environmental concerns especially ...
This estimator does not depend upon vt. It guarantees that xt is positive and has a mean of one. It is presumably consistent as N goes to infinity with T finite or potentially increasing more slowly than N. 5.3. Estimating the global COVOL model The covariance matrix in (13) is ...