In this paper, we consider the estimation of a dynamic panel data model with non-stationary multi-factor error structures. We adopted the common correlated effect (CCE) estimation and established the asymptotic properties of the CCE and common correlated effects mean group (CCEMG) estimators, as...

Hedge funds have become an important part of the financial sector. The development of the hedge funds in the Nordic countries has been rather robust. Therefore, it is important to identify the determinants of the hedge fund performance and isolate the managerial performance, i.e., the Jensen's...

This study quantifies the spillover effects of PM2.5 emissions on emergency room visits due to respiratory diseases in Chile. We use several spatial panel methods and models controlling also for the potential endogeneity of air quality. Our estimates show that the spillover effects are downward...

Health literature shows that unemployment has a gendered effect on health. However, whether men or women are more affected and why remains unclear. We assume that unemployment harms women less than men because of two mechanisms: social roles theories and health selection. First, the availability...

This study quantifies the spillover effects of PM2.5 emissions on emergency room visits due to respiratory diseases in Chile. We use several spatial panel methods and models controlling also for the potential endogeneity of air quality. Our estimates show that the spillover effects are downward...

Hedge funds have become an important part of the financial sector. The development of the hedge funds in the Nordic countries has been rather robust. Therefore, it is important to identify the determinants of the hedge fund performance and isolate the managerial performance, i.e., the Jensen's...