Surat is situated at the mouth of the river Tapi where it meets the Arabian Sea and has for centuries been a flood-affected area. The most recent floods however, were different because of the magnitude of their effect. Nearly 90 per cent of the households were affected; six of the seven wards of...

This paper considers panel data regression models with weakly exogenous or endogenous regressors and residuals generated by a multi-factor error structure. In this case, the standard dynamic panel estimators fail to provide consistent estimates of the parameters. We propose a new estimation...