Refereed Publications

  1. Zhang, Jianhan, Chaoyi Chen, Yiguo Sun, and Thanasis Stengos. 2024. Endogenous Kink Threshold Regression. Journal of Business and Economic Statistics, 43(3), 556–567. Working paper version. Separate Online Appendix.

  2. Chen, Chaoyi, Mehmet Pinar, and Rocío Román-Collado. 2024. Green Innovation and Energy Efficiency: Moderating Effect of Institutional Quality Based on the Threshold Model. Environmental and Resource Economics, 87, 3063–3094.

  3. Chen, Chaoyi, and Thanasis Stengos. 2024. Threshold Nonlinearities and the Democracy-Growth Nexus. The Econometrics Journal, 27:3, 412–441. Separate Online Appendix. Replication Code

  4. Chen, Chaoyi, Thanasis Stengos, and Jianhan Zhang. 2024. Public Debt and Economic Growth: A Panel Kink Regression Latent Group Structures Approach. Econometrics, 12, 7.

  5. Chen, Chaoyi, Mehmet Pinar, and Thanasis Stengos. 2024. Bribery, Regulation and Firm Performance: Evidence From a Threshold Model. Empirical Economics, 66, 405-430.

  6. Chen, Chaoyi, Thanasis Stengos, and Yiguo Sun. 2023. Endogeneity in Semiparametric Threshold Regression Model With Two Threshold Variables. Econometric Reviews, 42:9-10, 758-779. Separate Online Appendix. Replication Code

  7. Chen, Chaoyi, Nikolay Gospodinov, Alex Maynard, and Elena Pesavento. 2022. Long-Horizon Stock Valuation and Return Forecasts Conditional on Demographic Projections. Journal of Empirical Finance, 68, 190-215. Additional Online Appendix.

  8. Chen, Chaoyi, and Thanasis Stengos. 2022. Estimation and Inference for the Threshold Model with Hybrid Stochastic Local Unit Root Regressors. Journal of Risk and Financial Management, 15, 242. (Special Issue: A Commemorative Issue in Honor of Professor Michael McAleer, 1951–2021)

  9. Chen, Chaoyi, Mehmet Pinar, and Thanasis Stengos. 2022. Renewable Energy, Economic Growth and CO2 Emissions: New Evidence with the Panel Threshold Model. Renewable Energy, 194, 117-128.

  10. Chen, Chaoyi, Mehmet Pinar, and Thanasis Stengos. 2021. Determinants of Renewable Energy Consumption: Importance of Democratic Institutions. Renewable Energy, 179, 75-83.

  11. Chen, Chaoyi, Mehmet Pinar, and Thanasis Stengos. 2020. Renewable Energy Consumption and Economic Growth Nexus: Evidence from a Threshold Model. Energy Policy, 139, 111295.

  12. Chen, Chaoyi, Michael Polemis, and Thanasis Stengos. 2020. Re-examining the Asymmetric Gasoline Pricing Mechanism in EU: a Note on a Panel Threshold Analysis. Applied Economics Letters, 27:10, 778-783.

  13. Chen, Chaoyi, Michael Polemis, and Thanasis Stengos. 2019. Can Exchange Rate Pass-Through Explain the Asymmetric Gasoline Puzzle? Evidence from a Pooled Panel Threshold Analysis of the EU. Energy Economics, 81, 1-12. (Lead Article)

  14. Chen, Chaoyi, and Yiguo Sun. 2018. Monte Carlo Comparison for Nonparametric Threshold Estimators. Journal of Risk and Financial Management, 11, 49.  (Special Issue: Nonparametric Econometric Methods and Application)

  15. Chen, Chaoyi, Michael Polemis, and Thanasis Stengos. 2018. On the Examination of Non-linear Relationship between Market Structure and Performance in the US Manufacturing Industry. Economics Letters, 164, 1-4. (Lead Article)

BOOK CHAPTERS

Chen, Chaoyi, Oliver Nagy, and Gabor Neszveda. 2025. "COVID-19 Pandemic and Stock Volatility Forecasts: A Comprehensive Evaluation and Comparisons”, Editor(s): Nicholas Apergis, Encyclopedia of Monetary Policy, Financial Markets and Banking (First Edition), Academic Press, 4, 62-78, ISBN 9780443137778.

Policy Works

Hu, Bin, Chaoyi Chen, and Yueran Zhang. 2024. “China-Hungary Green Bond Cooperation: A Review and Promising Prospects" Financial and Economic Review, 23(4), 204–218. Reprinted in Chinese special issue

Chen, Chaoyi, Tamas Barkó, and Oliver Nagy. 2024 "Inflation and Inflation Uncertainty: Evidence from GARCH-MIDAS-in-Mean Modelling", AI Research Workshop, MNB.

Working Papers

Chen, Chaoyi, Yiguo Sun, and Yao Rao. 2023. Threshold MIDAS Modeling of Inflation Rate. Under Revision at Journal of Forecasting

Chen, Chaoyi, Pókász Zoltán. 2024. Economic Growth and Financial Depth: Role of Institutional Quality.

Chen, Chaoyi, Nikos Fatouros. 2025. Natural Disasters, Consumption and Climate Change Nexus: The Role of Green Technologies.