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Keywords: random effects model
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Journal Articles
Journal of Forest Economics (1999) 5 (1): 99–122.
Published: 31 March 1999
... and a common intercept is analysed using the ordinary least squares (OLS) method. In addition, the data are analysed using the so-called fixed effects (FEM) and random effects models (REM). According to these estimated models, forest cover is negatively related to all of the three independent variables used...

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