The Research Award Subsidized by the Ministry of Science and Technology, 2018
Outstanding Research Award, Tunghai University, 2017
Excellent Mentor Award, Tunghai University, 2016
Outstanding Research Award, Tunghai University, 2006
Type A Research Award, National Science Council, 2000
• Book
Chen, S.-W. (2012), Markov Switching Model: Applications to Economics and Finance, compass publishing.
• Referred Publications
Indexed in SSCI
Xie, Z., Chen, S.-W. and Wu, A.-C. (2022), Real interest rate parity in the Pacific Rim countries: New empirical evidence, Empirical Economics, in press.【SSCI】
Xie, Z., Chen, S.-W. and Hsieh, C.-K. (2021, May), Facing up to the polysemy of purchasing power parity: New international evidence, Economic Modelling, 98, 247-265.【SSCI】
Xie, Z., Chen, S.-W. and Wu, A.-C. (2020, May), The foreign exchange and stock market nexus: New international evidence, International Review of Economics and Finance, 67, 240-266.【SSCI】
Xie, Z., Chen, S.-W. and Wu, A.-C. (2019, November), Asymmetric adjustment, non-linearity and housing price bubbles: New international evidence, The North American Journal of Economics and Finance, 50, 101036, 1-33. 【SSCI】
Xie, Z. and Chen, S.-W. (2019, May), Exchange rates and fundamentals: A bootstrap panel data analysis, Economic Modelling, 78, 209-224.【SSCI】
Chen, S.-W. and Wu, A.-C. (2018, November), Is there a bubble component in government debt? New international evidence, International Review of Economics and Finance, 58, 467-486.【SSCI】MOST 106-2410-H-029-007
Chen, S.-W., Xie, Z. and Liao, Y. (2018, November), Energy consumption promotes economic growth or economic growth causes energy use in China? A panel data analysis, Empirical Economics, 55(3), 1019-1043.【SSCI】
Chen, S.-W. and Xie, Z. (2017, November), Detecting speculative bubbles under considerations of the sign asymmetry and size non-linearity: New international evidence, International Review of Economics and Finance, 52, 188-209.【SSCI】MOST 105-2410-H-029-002
Chen, S.-W. and Xie, Z. (2017, March), Asymmetric adjustment and smooth breaks in dividend yields: Evidence from international stock markets, International Review of Economics and Finance, 48, 339-354.【SSCI】MOST 105-2410-H-029-002
Chen, S.-W. and Hsu, C.-S. (2016, February), Threshold, smooth transition and mean reversion in inflation: New evidence from European countries, Economic Modelling, 53, 23-36.【SSCI】
Chen, S.-W., Hsu, C.-S. and Xie, Z. (2016, January), Are there periodically collapsing bubbles in the stock markets? New international evidence, Economic Modelling, 52, 442-451.【SSCI】
Chen, S.-W. and Shen, C.-H. (2015, September), Revisiting the Feldstein-Horioka puzzle with regime switching: New evidence from European countries, Economic Modelling, 49, 260-269.【SSCI】
Chen, S.-W. and Xie, Z. (2015, July), Testing for current account sustainability under assumptions of smooth break and nonlinearity, International Review of Economics and Finance, 38, 142-156.【SSCI】
Xie, Z. and Chen, S.-W. (2015, January), Are there periodically collapsing bubbles in the REIT markets? New evidence from the US, Research in International Business and Finance, 33, 17-31. 【indexed in SSCI from 2017】
Chen, S.-W. (2014, February), Smooth transition, non-linearity and current account sustainability: Evidence from the European countries, Economic Modelling, 38, 541-554.【SSCI】NSC 102-2410-H-033-003
Xie, Z. and Chen, S.-W. (2014, May), Untangling the causal relationship between government budget and current account deficits in OECD countries: Evidence from bootstrap panel Granger causality, International Review of Economics and Finance, 31, 95-104. 【SSCI】NSC 101-2410-H-033-012
Chen, S.-W. (2014, February), Testing for fiscal sustainability: New evidence from the G-7 and some European countries, Economic Modelling, 37, 1-15.【SSCI】
Chen, S.-W. and Lin, S.-M. (2014, January), Non-linear dynamics in international resource markets: Evidence from regime switching approach, Research in International Business and Finance, 30, 233-247. 【indexed in SSCI from 2017】
Chen, S.-W. (2013, September), Long memory and regime switching properties of current account deficits in the US, Economic Modelling, 35, 78-87.【SSCI】
Chen, S.-W. and Shen, C.-H. (2012, March), Examining the stochastic behavior of REIT returns: Evidence from the regime switching approach, Economic Modelling, 29(2), 291-298.【SSCI】
Chen, S.-W. (2011, August), Are current account deficits really sustainable in the G-7 countries? Japan and the World Economy, 23(3), 190-201.【SSCI】NSC 98-2410-H-033-039,
Chen, S.-W. (2011, July), Current account deficits and sustainability: Evidence from the OECD countries, Economic Modelling, 28(4), 1455-1464.【SSCI】NSC 98-2410-H-033-039
Shen, C.-H., Lee, C.-C., Chen, S.-W. and Xie, Z. (2011, August), Roles played by financial development in economic growth: Application of the flexible regression model, Empirical Economics, 41(1), 103-135.【SSCI】
Shen, C.-H., Chen, S.-W. and Chen, C.-F. (2010), The dual characteristics of closed-end country funds: The role of risk, Applied Economics, 42(8), 1003-1013. 【SSCI】
Chen, S.-W. (2010), Is the arms race between the PRC and Taiwan simply a myth? The long-run and causal relationship between their defense spending ratios, Applied Economics Letters, 17(2), 159-164. 【SSCI】
Chen, S.-W. (2010), Testing the hypothesis of market efficiency in the Taiwan-U.S. forward exchange market since 1990, Applied Economics, 42(1), 121-132. 【SSCI】
Chen, S.-W. (2008), Identifying U.S. turning points revisited: The Panel model with the regime switching approach, Applied Economics Letters, 15(11), 893-897. 【SSCI】NSC 95-2415-H-029-001
Chen, S.-W. (2008), Long-run aggregate import demand function in Taiwan: An ARDL bounds testing approach, Applied Economics Letters, 15(9), 731-735. 【SSCI】NSC 94-2415-H-029-001
Chen, S.-W., Shen, C.-H. and Xie, Z. (2008, March), Evidence of a nonlinear relationship between inflation and inflation uncertainty: the case of the four little dragons, Journal of Policy Modeling, 30(2), 363-376.【SSCI】
Chen, S.-W. and Shen, C.-H. (2007, May), Evidence of the duration-dependence from the stock markets in the Pacific rim economies, Applied Economics, 39(11), 1461-1474. 【SSCI】
Chen, S.-W. and Huang, N.-C. (2007, March), Estimates of the ICAPM with regime-switching betas: Evidence from four Pacific rim economies, Applied Financial Economics, 17(4), 313-327. 【SSCI, Merging into Applied Economics from 2015】
Chen, S.-W. and Shen, C.-H. (2007, January), A sneeze in the U.S., a cough in Japan, but pneumonia in Taiwan? An application of the Markov-switching vector autoregressive model, Economic Modelling, 24(1), 1-14.【SSCI】NSC 93-2415-H-029-002
Chen, S.-W., Shen, C.-H. and Xie, Z. (2006), Nonlinear relationship between inflation and inflation uncertainty in Taiwan, Applied Economics Letters, 13(8), 529-533. 【SSCI】
Chen, S.-W. and Shen ,C.-H. (2006, January), Can the identification puzzle of Taiwan’s turning points after 1990 be solved? Economic Modelling, 23(1), 174-195.【SSCI】NSC 92-2415-H-029-002
Chen, S.-W. and Shen, C.-H. (2006, April), When Wall street conflicts with main street,: The divergent movements of Taiwan’s leading indicators, International Journal of Forecasting, 22(2), 317-339. 【SSCI】
Chen, S.-W. and Shen, C.-H. (2004, June), Price common volatility or volume common volatility? Evidence from Taiwan exchange rate and stock markets, Asian Economic Journal, 18(2), 185-211. 【SSCI】
Indexed in SCI
Chen, S.-W. (2007, December), Measuring business cycle turning points in Japan with the Markov switching panel model, Mathematics and Computers in Simulation, 76(4), 236-270. 【SCI】NSC 95-2415-H-029-001
Chen, S.-W. (2006, April), Simultaneously modeling the volatility of the growth rate of real GDP and determining business cycle turning points: Evidence from the U.S., Canada and the UK, Mathematics and Computers in Simulation, 71(2), 87-102. 【SCI】
Chen, S.-W. and Shen, C.-H. (2004, November), GARCH, jumps and permanent and transitory components of volatility: the case of the Taiwan exchange rate, Mathematics and Computers in Simulation, 67(3), 201-216. 【SCI】
Indexed in TSSCI
Xie, Z., Chen, S.-W. and Wu, A.-C. (2022, March), The impact of external shocks on the volatility of stock returns: New evidence from four developed countries, Taiwan Economic Forecast and Policy, 52(2), 49-88.【TSSCI】
Chen, S.-W. (2005, October), Empirical evidence of asymmetries in Taiwan’s business cycles: A simple note, Taiwan Economic Forecast and Policy, 36(1), 81-102.【TSSCI】
Chen, S.-W. (2003, March), Is Taiwan’s 10th business cycle over yet? A simple note, Taiwan Economic Forecast and Policy, 33(2), 39-60. 【TSSCI】
Chen, S.-W. (2002, December), Is there a peak-reversion asymmetry in Taiwan’s business cycles? Taiwan Economic Review, 30(4), 531-562. 【EconLit, TSSCI】
Chen, S.-W. (2001, June), A note on Taiwan’s business chronologies in terms of the Markov-switching factor model, Taiwan Economic Review, 29(2), 153-176. 【EconLit, TSSCI】
Chen, S.-W. and Lin, J.-L.(2000, September), Identifying turning points and business cycles in Taiwan: A multivariate dynamic Markov-switching factor model approach, Academia Economic Papers, 28(3), 289-321.【EconLit, TSSCI】
Chen, S.-W. and Lin, J.-L. (2000, March), Modelling business cycles in Taiwan with time-varying Markov-switching models, Academia Economic Papers, 28(1), 17-42.【EconLit, TSSCI】
Chen, S.-W. and Wu, A.-C. (2016, September), A note on testing for the periodically collapsing bubbles in Japanese REIT markets, International Review of Accounting, Banking and Finance, 8(3/4), 27-42. 【EconLit】
Chen, S.-W., Hsu, C.-S. and Peng, C.-J. (2016, January), Are inflation rates mean reverting processes? Evidence from six Asian countries, Journal of Economics and Management, 12(1), 119-155. 【EconLit】
Chen, S.-W. and Xie, Z. (2015, September), Nonlinear mean reversion in the consumption-income ratio: New evidence from the OECD countries, International Review of Accounting, Banking and Finance, 7(3/4), 30-56.【EconLit】
Chen, S.-W. (2015, June), Revisiting the current account sustainability for the G-7 countries: The role of structural breaks and non-linearity, International Review of Accounting, Banking and Finance, 7(2), 3-31. 【EconLit】
Chen, S.-W. (2012, June), Enhanced reliability of latent information Markov switching model in identifying turning points: Evidence from the G-7 countries, Journal of the Chinese Statistical Association, 50(2), 71-104.【EconLit】
Chen, S.-W. and Chen, T.-C. (2012, June), Untangling the non-linear causal nexus between exchange rates and stock prices: New evidence from the OECD countries, Journal of Economic Studies, 39(2), 231-259.【EconLit】
Chen, S.-W. and Chen, H.-W. (2011, December), Nonlinear causal nexus between stock prices and real activity: Evidence from the developed countries, International Review of Accounting, Banking and Finance, 3(4), 93-121.【EconLit】
Chen, S.-W. and Shen, C.-H. (2009, March), Testing regime non-stationarity of the G7 inflation rates: Evidence from the Markov switching unit root test, Journal of the Chinese Statistical Association, 47(1), 1-18. 【EconLit】
Chen, S.-W. (2009, February), Investigating causality among unemployment, income and crime in Taiwan: Evidence from the bounds test approach, Journal of Chinese Economic and Business Studies, 7(1), 115-125. 【EconLit】
Chen, S.-W. (2008, February), Untangling the web of causalities among four disaggregate government expenditures, government revenue and output in Taiwan, Journal of Chinese Economic and Business Studies, 6(1), 99-107. 【EconLit】
Chen, S.-W. and Shen, C.-H. (2006, March), Is there a duration dependence in Taiwan’s business cycles? International Economic Journal, 20(1), 109-127. 【EconLit】
Shen, C.-H. and Chen, S.-W. (2004, June), Long swing in appreciation and short swing in depreciation and does the market not know it: The case of Taiwan, International Economic Journal, 18(2), 195-213.【EconLit】
Referred Book Chapter
Chen, S.-W. and Xie, Z. (2019, July), Smooth break, non-linearity and speculative bubbles: New evidence of the G7 stock markets, In J. Chevalier, S. Goutte, D. Guerreiro, S. Saglio and B. Sanhaji (Eds.), International Financial Markets, London: Routledge. p. 133-159.
Chen, S.-W. and Lin, J.-L. (2000), Switching ARCH models of stock market volatility in Taiwan, Advances in Pacific Basin Business, Economics, and Finance, 4, 1-21.
