Min-Hsien Chiang

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In this paper, we study the asymptotic distributions for least-squares (OLS), fully modi ed (FM), and dynamic OLS (DOLS) estimators in cointegrated regression models in panel data. We show that the OLS, FM, and DOLS estimators are all asymptotically normally distributed. However, the asymptotic distribution of the OLS estimator is shown to have a non-zero(More)
In this paper, we consider the application of recent results on the estimation and inference in panel cointegration to the study of empirical economic growth. The emergence of endogenous growth theory in the 1980s has led to a resurgence of interest in the sources of economic growth. Coe and Helpman (1995), among other researchers, state that commercially(More)
BACKGROUND AND STUDY AIMS The best anesthesia methods for analgesia and sedation during gastrointestinal endoscopy are still debated. The aim of this study was to compare the recovery time, clinical presentations, and satisfaction between target-controlled infusion (TCI) and manually controlled infusion (MCI) in same-day bidirectional endoscopy(More)
Postoperative vascular compromise is a common but critical complication requiring emergent re-exploration, and remains a chief cause of free flap failure. This study investigated the relationship between postanesthetic shivering (PAS) and the development of postoperative complications associated with free flap reconstruction. One hundred thirty-six patients(More)
This study investigates forecast performance of GARCH option pricing models under the market momentum perspective. Additionally, the possible impacts of financial crises and business conditions on forecast performance of GARCH option pricing models are examined as well. The empirical results demonstrate that market momentum has impacts on forecast(More)
Are institutional monitoring effects induced by the quality and reputation of a firm’s management? We hypothesize that better and more reputable managers can convey more information and give a certifying effect with regard to firm value to informed and potential investors, thus reducing information asymmetry. This study provides empirical evidence to(More)
This article proposes a new approach to evaluate volatility regime switching and volatility contagion in financial markets. A time-varying conditional autoregressive range (TVCARR) model is proposed to capture possible regime switching in the range process. A misspecification test for the conditional autoregressive range (CARR) model against the TVCARR(More)
PURPOSE Hand transplantations have been initiated and have been encouraged by promising results for more than 1 decade. The aim of this study was to present the first case of hand transplantation performed in Taiwan. MATERIALS AND METHODS On September 3, 2014, we transplanted the left distal forearm and hand of a brain-dead managed 37 years to a man aged(More)