Panel data can be arranged into a matrix in two ways, called 'long' and 'wide' formats (LF and WF). The two formats suggest two alternative model approaches for analyzing panel data: (i) univariate regression with varying intercept; and (ii) multivariate regression with latent variables (a...

Since the early 1980s, electricity industry reforms have been initiated in more than half of the countries in the world. Among the primary targets of these reform schemes, there has been an increase in efficiency of the sector; and it is implicitly assumed that government support to energy...

Regional disparities are important concerns for the researchers as well as the policy makers in both developed and developing countries. The government, as a leading actor in regional policies, can create externalities through investments not only in the real sectors, but also in infrastructure...

This paper provides formal semantics for an extension of the Object-Role Modeling approach to support declaration of dynamic rules. Dynamic rules differ from static rules by involving state transitions, rather than simply individual states. This paper restricts application of dynamic rules to...

Fact-oriented modeling approaches such as Object-Role Modeling (ORM) include a rich graphical notation for capturing business constraints, allowing modelers to visualize fine details of their data models. These data models should be validated with domain experts who best understand the business...