Refereed Journal Publications (* indicates the corresponding author)
Hsiao*, C.Y.H., Li, P., Chui, C.M., and Zheng, X. (2026), "Contagion in Global Clean Energy Markets: Evidence from Multilateral and Unilateral Policy Episodes," Energy Policy, forthcoming. (ABDC A; SSCI)
Hsiao*, C.Y., and Ko, S.I.M. (2026), "Stock Market Contagion During the COVID-19 Pandemic: A Network Perspective," Studies in Nonlinear Dynamics and Econometrics, (0). (ABDC A; SSCI)
Hsiao, C. Y. L., Li, P., & Wang, Y. (2026), "China’s aviation policies in response to the COVID-19 and its impact on tourism sectors." Current Issues in Tourism, 29(5), 846-866. (ABDC A; SSCI)
Wang, Y., Hsiao, C. Y. L., Zhong, Y., & Sui, Y. (2026), "Can relationship marketing of youth hostels nudge customer engagement?." Journal of Vacation Marketing, 32(2), 448-467. (ABDC A; SSCI)
Chui, C.M., Yang, H, Hsiao*, C.Y., and Iong, K.K. (2025), "Extreme Return Connectedness and Portfolio Implications among Environmental/Sustainability Tokens, ESG ETFs and Other Assets," Applied Economics Letter, forthcoming. (ABDC B; SSCI)
Hsiao*, Cody Yu-Ling, Yang, R., Chiu, Y.B., and Chui, C.M. (2025), "The Contagion Effects and Network Analysis of Climate-related Risk Events：Global and Regional Evidence," International Review of Economics and Finance, 104730. (ABDC A; SSCI).
Khan, I., Gui, H., Chui, C.M., Hsiao, C.Y.L., and Chen, Z (2025), "Bridging Finance and the Real Economy: Dynamic Volatility Transmission Between Leading Cryptocurrencies and Chinese Firms." International Review of Economics and Finance, 104688. (ABDC A; SSCI).
Zhang, W., Fu, S., Chiu, Y. B., & Hsiao, C. Y. L. (2025), "Artificial intelligence, digital inclusive finance, and financial performance: Dynamic threshold insights from renewable energy enterprises," Energy Economics, 108687. (ABDC A*; SSCI).
Yu, Y., Chiu, Y.-B., and Hsiao, C.Y.L. (2025), "Effect of China’s Outward Foreign Direct Investment in Portuguese-Speaking Countries on Its Bilateral Trade," Emerging Markets Finance and Trade, 1-22. (ABDC A; SSCI)
Jing, W., and Hsiao*, C.Y. (2025), "Economic Policy uncertainty and the Risk of Chinese Commercial Banks," Finance Research Letter, 107437, 81, 107437. (ABDC A; SSCI)
Liu, B., Hsiao*, C.Y., Chen, H.H., and Li, P. (2025), "Assessing Contagion in Oil Markets Across Eight Crisis Episodes," Energy Strategy Reviews, 59, 101766 (JCR Q1; SCI).
Chang, Y., Zhou, L., Hsiao, C.Y. (2025), "Quantifying the nonlinear relationships between environmental policy components and the share of energy from renewable sources," Journal of Environmental Management, 380, 125065. (JCR Q1; SCI)
Hsiao, C.Y., Xue, J.Y., Chiu, Y.B., and Chen, H.H. (2024), "Network Analysis of Policy Contagion in the Supply Chain of Hydrogen Fuel Cells Vehicles in China," International Journal of Hydrogen Research, 88, 260-271. (JCR Q1; SCI)
Ou, Y., Hsiao*, C.Y., and Chui, C.M. (2024), "How does the Supply Chain Market Respond to Policy Shocks? Evidence from Solar Photovoltaic Sectors in China," Renewable Energy, 232, 121129. (JCR Q1; SCI)
Chui, C.M., Dewortor, W.K., Ojijieme, N.G., Cai. Y., Hsiao*, C.Y., and Cai, Y. (2024), "Convergence in the Economic Complexity: Global Evidence," Applied Economics Letters, 1-8. (ABDC B; SSCI)
Xue, J.Y., Hsiao. C.Y.L., Li, P.Y., and Chui, C.M. (2024), "Higher-order Contagion Effects in Russian Fuel Export Markets: Evidence from COVID-19 Pandemic and Russia-Ukraine War," Energy Strategy Reviews, 53, 101419. (JCR Q1, SCI)
Hsiao, C.Y., and Chiu, Y.-B. (2024), "Financial Contagion and Networks among the Oil and BRICS Stock Markets during Seven Episodes of Crisis Events," Journal of International Money and Finance, 144, 103081. (ABDC A; SSCI)
Hsiao, C.Y., Chiu, Y.-B., and Wang, Y.R. (2024), "Assessing Contagion Risks of Carbon Reduction Policies on the Stock Returns: Evidence from China’s Energy Markets," Emerging Markets Finance and Trade, 1-22. (ABDC A; SSCI)
Chiu, C.M., Ojijieme, N.G., Cai, Y., and Hsiao*, C.Y. (2024), "Convergence of Shadow Economy Across US States," Applied Economics Letters, 1-5. (ABDC B; SSCI)
Aboagye, E., Ko, S.I., Lo, C.C., Hsiao*, C.Y., and Peng, L. (2024), "A Contagion Test with Unspecified Heteroscedastic Errors," Journal of Economic Dynamics and Control, 159, 104804. (ABDC A*; SSCI)
Hsiao, C.Y., Jin, T., Kwok, S., Wang, X., and Zheng, X. (2023), "Entrepreneurial Risk Shocks and Financial Acceleration Asymmetry in a Two-Country DSGE Model," China Economic Review, 81, 102006. (ABDC A; SSCI)
Hsiao, C.Y., Yang, Y., Zheng, X., and Chiu, Y.-B. (2023), "Evaluations of Policy Contagion for New Energy Vehicle Industry in China," Energy Policy, 173, 113402. (ABDC A; SSCI)
Chih, Y.Y., and Hsiao*, C.Y. (2023), "Brace for Another Crisis: Empirical Evidences from US Construction Industry and Firm Performance during 2007-09 Global Financial Crisis," Journal of Management in Engineering, 39, 1, 04022069. (ABDC A; SCI) (Editor’s choice of the issue)
Zhang, W., Chiu, Y.B., and Hsiao*, C.Y. (2022), "Effect of Country Risks and Government Subsidies on Renewable Energy Firm’s Performance: Evidence from China," Renewable and Sustainable Energy Reviews, 158, 112-164. (JCR Q1; SSCI)
Chih, Y.Y., Hsiao*, C.Y., Zolghadr, A., and Naderpajouh, N. (2022), "Resilience of Organizations in the Construction Industry in the Face of COVID-19 Disturbances: A Dynamic Capabilities Perspective," Journal of Management in Engineering, 38, 2, forthcoming (ABDC A; SCI) (Editor’s choice of the issue)
Hsiao*, C.Y., and Morley, J. (2022), "Debt and Financial Market Contagion," Empirical Economics, 62, 1599-1648. (ABDC A; SSCI)
Fry-McKibbin, R., Greenwood-Nimmo, M., Hsiao*, C.Y., and Qi, L. (2022), "Higher-order Co-moment Contagion among G20 Equity Market during the COVID-19 pandemic," Finance Research Letters, 45, 102150 (ABDC A; SSCI)
Hsiao, C.Y., Sheng, N., Fu, S., and Wei, X. (2022), "Evaluation of Contagious Effects of China’s Wind Power Industrial Policies," Energy, 238, 121760. (JCR Q1; SCI)
Fry-McKibbin, R., Hsiao*, C.Y., and Martin, V. (2021), "Measuring Financial Interdependence in Asset Markets with an Application to Euro Zone Equities," Journal of Banking and Finance, 122, 105985. (ABDC A*; SSCI)
Hsiao*, C.Y., Wei, X., and Shao, C. (2021), "A Joint Test of Policy Contagion with Application to the Solar Sector," Renewable and Sustainable Energy Reviews, 141, 110762. (JCR Q1; SSCI)
Hsiao, C.Y., Ou, Y., Sheng, N., and Wei, X. (2021), "Measuring Contagion Effects of Nuclear Energy Policies and Events," International Journal of Energy Research, 45, 8, 11510-11525. (JCR Q1; SCI)
Hsiao, C.Y., Ai, D., Wei, X., and Sheng, N. (2021), "The Contagious Effect of China’s Energy Policy on Stock Markets: The Case of Solar PV Industry," Renewable Energy, 164, 74-86. (JCR Q1; SCI)
Chan, J.C.C., Fry-McKibbin, R., and Hsiao*, C.Y. (2019), "A Regime Switching Skew-normal Model of Contagion," Studies in Nonlinear Dynamics and Econometrics, 23, 1, 1-24. (ABDC A; SSCI)
Fry-McKibbin, R., Hsiao*, C.Y., and Martin, V. (2019), "Joint Tests of Contagion with Applications," Quantitative Finance, 19, 3, 473-490. (ABDC A; SSCI)
Fry-McKibbin, R., Hsiao*, C.Y., and Martin, V. (2018), "Global and Regional Financial Integration in East Asia and ASEAN," North American Journal of Economics and Finance, 46, 202-221. (ABDC A; SSCI)
Hsiao, C.Y., and Chen, H.H. (2018), "The Contagion Effects of Economic Development after Resuming Construction of Nuclear Power Plants in Coastal China," Energy, 152, 291-302. (JCR Q1; SCI)
Fry-McKibbin, R., and Hsiao*, C.Y. (2018), "Extremal Dependence Tests of Contagion," Econometric Reviews, 37, 6, 626-649. (ABDC A; SSCI)
Fry-McKibbin, R., Hsiao, C.Y., and Tang, C. (2014), "Contagion and Global Financial Crises: Lessons from Nine Crisis Episodes," Open Economies Review, 25, 3, 521-70, July. (ABDC B; SSCI)
Book Chapter
Estimation of Stochastic Volatility Models with Heavy Tails and Serial Dependence (with Joshua Chan) (2014)
In: I. Jeliazkov and X.-S. Yang (Eds.), Bayesian Inference in the Social Sciences, 159-180, John Wiley & Sons, Hoboken, New Jersey (MATLAB code)