In the context of sharply declining labour supply in China, this article analyses the relationship between pollution and labour supply theoretically. In addition, using Chinese provincial data, we find that pollution impacts negatively on labour supply and that this is aggravated by rising...

In this article, we carry out unit root tests on real exchange rates recursively as in Caporale et al. (2003), but, following Arghyrou and Gregoriou (2007), we adjust the residuals for non-normality and heteroscedasticity using a wild bootstrap method. The results are striking: this correction...

We explore stock price effects following index additions to the Hang Seng Stock Index (HSI). Unlike previous event studies, we correct the critical values of the standard event study market model using a wild-bootstrap technique. Our findings show that after correcting for nonnormality, the...