Recent research shows that time-varying volatility plays a crucial role in nonlinear modeling. Contributing to this literature, we suggest a DSGE-GARCH approach that allows for straightforward computation of DSGE models with time-varying volatility, where the volatility component is formulated...

Carbon emission is one of the major problems during energy consumption. Many countries are trying to reduce it with a focus on carbon neutrality. Bridging this gap, we considered energy consumption in the monopoly market. In this research, the CO2 emissions problem has been solved considering...

There is a growing interest in understanding the economic consequences of religious belief. Using unique dataset which surveys thousands of villages, this paper investigates the effect of religious beliefs on rural elderlies’ self-employment in China. The empirical results show that,...

Debate has long prevailed as to whether the financial sectors can enhance energy efficiency. We attempt to provide new insight into this debate from the perspective of commercial bank branches expansion. This paper manually collects the longitude and latitude of commercial bank branches and...

Using the panel data of 66 countries for the period 1996-2019, the current research explores the influences of information and communication technology (ICT) on energy security. We consider the role of financial development, human capital and technological development to explore the channels...