Financial Network and Financial Public Good: DCC-GARCH,Network Theory,Aggregate Game

• Project/Area Number: 26380403
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Money/ Finance
• Research Institution: Hosei University
• Principal Investigator: MIYAKOSHI Tatsuyoshi 法政大学, 理工学部, 教授 (60166139)
• Project Period (FY): 2014-04-01 – 2018-03-31
• Project Status: Completed (Fiscal Year 2017)
• Budget Amount: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000); Fiscal Year 2016: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2015: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2014: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
• Keywords: 金融ネットワーク / 動学的相関GARCH / 国際金融公共財 / 集計ゲーム / アジア金融市場 / ネットワーク理論 / 動学的相関GARCHモデル / 国際公共財 / 公共財の配置 / ネットワーク / 最短経路問題 / ノード / エッジ

Outline of Final Research Achievements

This project has theoretically and empirically examined Asian financial network during 2000 and 2017 by using DCCGARCH model. Moreover, we explored the economic policy to achieve network efficiency.

Research Products

• [Journal Article] Which countries show favor toward negative, zero or positive population growth? (2018)
  • Author(s): Tatsuyoshi Miyakoshi and Akira Shimada
  • Journal Title: Applied Economics Letters Volume: Forthcoming Pages: 1-6
  • Peer Reviewed
• [Journal Article] Why did technical knowledge fall out of favor during Japan’s Lost Two Decades? (2017)
  • Author(s): Tatsuyoshi Miyakoshi
  • Journal Title: Japan & The World Economy Volume: 43 Pages: 1-13
  • Peer Reviewed
• [Journal Article] Multi-National Public Goods Provision under Multilateral Income Transfers & Productivity Differences (2017)
  • Author(s): Tatsuyoshi Miyakoshi and Laixum Zhao
  • Journal Title: Applied Economics Volume: 49 Pages: 5771-5779
  • Peer Reviewed
• [Journal Article] The Dynamic Effects of Quantitative Easing on Stock Price: Evidence from Asian Emerging Markets, 2001-2016 (2017)
  • Author(s): Miyakoshi,T.,Shimada,J. and Li, KW
  • Journal Title: International Review of Economics and Finance Volume: 49 Pages: 548-567
  • Peer Reviewed / Acknowledgement Compliant
• [Journal Article] Why do only the G7+2 countries among United Nations members discuss about international public goods? : A simulation study (2017)
  • Author(s): Miyakoshi,T. and Suzuki,K.
  • Journal Title: Applied Economics Volume: 印刷中
  • Peer Reviewed / Acknowledgement Compliant
• [Journal Article] Bond market integration in East Asia:multivariate GARCH with dynamic conditional correlations approach (2017)
  • Author(s): Tsukuda,Y., Shimada,J. and Miyakoshi,T.
  • Journal Title: International Review of Economics and Finance Volume: 印刷中
  • Peer Reviewed / Acknowledgement Compliant
• [Journal Article] Magnitudes of Market Inefficiency: Theory and Application (2016)
  • Author(s): Miyakoshi,T.,Tsukuda,Y. and Shimada,J.
  • Journal Title: Japan and the World Economy Volume: 39 Pages: 23-36
  • Peer Reviewed / Acknowledgement Compliant
• [Journal Article] The Impacts of the 2008 and 2011 Crises on the Japan REIT (2016)
  • Author(s): Miyakoshi,T.,Shimada,J. and Li, KW
  • Journal Title: Journal of the Japanese and International Economies Volume: 41 Pages: 30-40
  • Peer Reviewed / Acknowledgement Compliant
• [Journal Article] International aid from the recipient perspective: public or private good input assistance? (2016)
  • Author(s): Tatsuyoshi Miyakoshi
  • Journal Title: Applied Economics Volume: 48 Issue: 45 Pages: 1-17
  • DOI: 10.1080/00036846.2016.1156236
  • Peer Reviewed / Acknowledgement Compliant
• [Presentation] Upswings of Hong Kong Real Estate Prices in Post-Crisis Surge: Quantitative Easing and REIT Markets Developments (2017)
  • Author(s): Tatsuyoshi Miyakoshi
  • Organizer: 2017 Asian Meeting of Econometric Society
  • Int'l Joint Research
• [Presentation] Is Zero Population Growth Optimal in an Aging European Society? (2017)
  • Author(s): Tatsuyoshi Miyakoshi
  • Organizer: 2017 Singapore Economic Review Conference
  • Int'l Joint Research
• [Presentation] Post-Crisis Surge in Hong Kong Real Estate Prices: Quantitative Easing and REIT Markets Developments (2017)
  • Author(s): Tatsuyoshi Miyakoshi
  • Organizer: The 25th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management
  • Int'l Joint Research
• [Presentation] International aid from the recipient perspective: public or private good input assistance? (2017)
  • Author(s): Tatsuyoshi Miyakoshi
  • Organizer: Asian Development Conference
  • Int'l Joint Research
• [Presentation] Upswings of Hong Kong Real Estate Prices in Post-Crisis Surge: Quantitative Easing and REIT Markets Developments (2017)
  • Author(s): Miyakoshi,T.
  • Organizer: The 7th International Conference of THE JAPANESE ACCOUNTING REVIEW
  • Place of Presentation: Kobe, Japan
  • Int'l Joint Research
• [Presentation] Optimal Population Growth in European Aging Society (2016)
  • Author(s): Miyakoshi,T
  • Organizer: The 9th Biennial Conference of Hong Kong Economic Association
  • Place of Presentation: Hong Kong, China
  • Year and Date: 2016-12-12
  • Int'l Joint Research
• [Presentation] International R&D Transfer and Technology Absorption:Technical Efficiency in Asian Countries 1994-2011 (2016)
  • Author(s): Miyakoshi,T
  • Organizer: Asia Meeting of the Econometric Society
  • Place of Presentation: Kyoto, Japan
  • Year and Date: 2016-08-09
  • Int'l Joint Research
• [Presentation] Do the young rely on migrants for the elderly care? (2016)
  • Author(s): Miyakoshi,T. and Shimada,A.
  • Organizer: 2016日本応用経済学会春季大会
  • Place of Presentation: 広島大学(広島県東広島市)
  • Year and Date: 2016-06-25
• [Presentation] Do the young rely on migrants for the elderly care? (2016)
  • Author(s): Miyakoshi,T. and Shimada,A.
  • Organizer: 2016日本経済学会春季大会
  • Place of Presentation: 名古屋大学(愛知県名古屋市)
  • Year and Date: 2016-06-18
• [Presentation] Do the young rely on migrants for the elderly care? (2016)
  • Author(s): 宮越龍義・島田章
  • Organizer: 日本経済学会
  • Place of Presentation: 名古屋大学(愛知県・名古屋市)
  • Year and Date: 2016-06-18
• [Presentation] Upswings of Hong Kong Real Estate Prices in Post-Crisis Surge: Quantitative Easing and REIT Markets Developments (2016)
  • Author(s): Miyakoshi,T.
  • Organizer: The 24th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management
  • Place of Presentation: 新竹、台湾
  • Year and Date: 2016-06-11
  • Int'l Joint Research
• [Presentation] Do ageing societies need more immigrants to provide the elderly with care? (2015)
  • Author(s): 島田章・宮越龍義
  • Organizer: 日本経済学会
  • Place of Presentation: 上智大学(東京都・千代田区)
  • Year and Date: 2015-10-10
• [Presentation] International R&D Transfer and TechnologyAbsorption (2015)
  • Author(s): 宮越龍義
  • Organizer: 日本国際経済学会
  • Place of Presentation: 阪南大学(大阪府・松原市)
  • Year and Date: 2015-06-13
• [Presentation] Measuring the Size of Market Inefficiency:Trading Systems and Price Bubbles (2014)
  • Author(s): Miyakoshi,T., Tsukuda,Y., Shimada,J.
  • Organizer: 日本金融学会西日本部会
  • Place of Presentation: 九州大学(福岡県福岡市)
  • Year and Date: 2014-12-06
• [Presentation] Dynamic Effects of Quantitative Monetary Easingon on Stock Price in the Asian Emerging Markets: 2001-2013 in Carry Trade (2014)
  • Author(s): Miyakoshi,T., Shimada,J. and Li, K-W.
  • Organizer: The 13th International Conference of the Japan Economic Policy Association
  • Place of Presentation: 明治大学(東京都千代田区)
  • Year and Date: 2014-11-08 – 2014-11-09
• [Presentation] International Aid:Public or Private Good Input Assistance? (2014)
  • Author(s): Miyakoshi,T.
  • Organizer: 日本国際経済学会
  • Place of Presentation: 京都産業大学(京都府京都市)
  • Year and Date: 2014-10-25 – 2014-10-26
• [Presentation] Bond market integration in East Asia: a multivariate GARCH with dynamic conditional correlations approach (2014)
  • Author(s): Tsukuda,Y., Shimada,J., Miyakoshi,T.
  • Organizer: 日本経済学会
  • Place of Presentation: 西南学院大学(福岡県福岡市)
  • Year and Date: 2014-10-11 – 2014-10-12
• [Presentation] Quantitative Monetary Easing and Stock Price in the Asian Markets (2014)
  • Author(s): Miyakoshi,T., Shimada,J. and Li, K-W.
  • Organizer: The 22nd Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management
  • Place of Presentation: 愛知大学(愛知県名古屋市)
  • Year and Date: 2014-09-04 – 2014-09-05
• [Presentation] ODA and Public Good Input: Indochinese Peninsula (2014)
  • Author(s): Miyakoshi,T.
  • Organizer: Asia Pacific Economic Conference
  • Place of Presentation: Bangkok, Thailand
  • Year and Date: 2014-07-11 – 2014-07-12
• [Presentation] Bond market integration in East Asia: a multivariate GARCH with dynamic conditional correlations approach (2014)
  • Author(s): Tsukuda,Y., Shimada,J., Miyakoshi,T.
  • Organizer: Asian Meeting of Econometric Society
  • Place of Presentation: Taipei,Taiwan
  • Year and Date: 2014-06-20 – 2014-06-22