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 Journal Publications
Indexed in SSCI, SCI, TSSCI
Xie, Z., and Chen, S.-W. (2025), Power comparisons of the unit root tests with structural breaks and application to the PPP hypothesis, Journal of the Chinese Statistical Association, in press. 【TCI-HSS（整合原 TSSCI 與 THCI）】
Xie, Z., Chen, S.-W. and Hsieh, C.-K. (2025, February), Testing PPP hypothesis under considerations of nonlinear and asymmetric adjustments: New international evidence, Empirica, 52(1), 143-172.【SSCI】
Chen, S.-W., Hsieh, C.-K. and Xie, Z. (2024, March), Is the public indebtedness of the G-7 sustainable in the aftermath of the COVID-19 pandemic? Taiwan Economic Forecast and Policy, 54(2), 1-43.【TSSCI】
Xie, Z., Chen, S.-W. and Wu, A.-C. (2023, March), Real interest rate parity in the Pacific Rim countries: New empirical evidence, Empirical Economics, 64(3), 1471-1515.【SSCI】
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】
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】
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】
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】
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. 【SSCI】
Chen, S.-W. (2014, February), Smooth transition, non-linearity and current account sustainability: Evidence from the European countries, Economic Modelling, 38, 541-554.【SSCI】
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】
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. 【SSCI】
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】
Chen, S.-W. (2011, July), Current account deficits and sustainability: Evidence from the OECD countries, Economic Modelling, 28(4), 1455-1464.【SSCI】
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, August), The dual characteristics of closed-end country funds: The role of risk, Applied Economics, 42(8), 1003-1013. 【SSCI】
Chen, S.-W. (2010, February), 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. (2008, November), Identifying U.S. turning points revisited: The Panel model with the regime switching approach, Applied Economics Letters, 15(11), 893-897. 【SSCI】
Chen, S.-W. (2008, September), Long-run aggregate import demand function in Taiwan: An ARDL bounds testing approach, Applied Economics Letters, 15(9), 731-735. 【SSCI】
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. (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】
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 in 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】
Chen, S.-W., Shen, C.-H. and Xie, Z. (2006, July), Nonlinear relationship between inflation and inflation uncertainty in Taiwan, Applied Economics Letters, 13(8), 529-533. 【SSCI】
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. (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. (2006, January), Can the identification puzzle of Taiwan’s turning points after 1990 be solved? Economic Modelling, 23(1), 174-195.【SSCI】
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. 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】
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】
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. 【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. 【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.【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.【TSSCI】
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.
