Professor Shigeyuki Hamori

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Office
Graduate School of Economics, Kobe University, 2-1, Rokkodai, Nada-Ku, Kobe 657-8501 JAPAN
Degree
Ph.D. (Duke University, 1991)
Current Position
Professor of Economics, Graduate School of Economics, Kobe University
Academic Adviser, au Asset Management Corporation (April, 2022-)
Director of Kobe LADS (Kobe Laboratory for Asian Development Studies)
Director, Research Instutute of Degital Transformation (RIDX) (May 2019 - June 2022)
Project Leader, Organization for Advanced and Integrated Research (OAIR), Kobe University (April 2016 - June 2022)
Research Interest
Applied Time Series Analysis, Empirical Finance, Data Science, International Finance
Short bib
Dr. Shigeyuki Hamori is a Professor of Economics at Kobe University in Japan. He received his Ph.D. from Duke University. He is President of the International Research Institute for Economics and Management, Distinguished Fellow of the International Engineering and Technology Institute (DFIETI), and Distinguished Fellow of the Institute of Data Science and Artificial Intelligence (DFIDSAI). His main research interests are applied time series analysis, empirical finance, data science, and international finance. He is Co-editor of the Singapore Economic Review, Associate Editor of the International Review of Financial Analysis, and Associated Editor of the Frontiers in Environmental Science. He served as Editor of special issues of various journals such as Frontiers in Environmental Science, Energies, Emerging Market Finance and Trade, and Journal of Risk and Financial Management. He has published about 250 articles in international peer-reviewed journals and 20 books from Springer, Routledge, World Scientific, etc.
[Scopus]
Award and Title
  • IETI Annual Scientific Award, International Engineering and Technology Institute (July, 2022)
  • Board member, National Academy of Technology (July 2021 -　)
  • Distinguished Fellow, Institute of Data Science and Artificial Intelligence (DFIDSAI) (January, 2021)
  • Outstanding Reviewer Award, Journal of Risk and Financial Management (April, 2020)
  • President, International Research Institute for Economics and Management (IRIEM) (April 2020 - May 2024)
  • Executive Committee Member (EC Member), International Engineering and Technology Institute (IETI) (March 2020 -)
  • RIBER Best Paper Prize, Review of Integrative Business and Economics Research (RIBER) (February 2020),
  • Best Paper Award, SIBR 2020 Sydney Conference on Interdisciplinary Business & Economics Research (January 11, 2020)
  • Distinguished and Invited Speaker, Singapore Economic Review Conference 2019 (October, 2019)
  • Vice President, International Research Institute for Economics and Management (IRIEM) (October, 2018)
  • Best Paper Award, SIBR 2018 Hong Kong Conference on Interdisciplinary Business and Economics Research, (September 29, 2018)
  • Distinguished Fellow, International Engineering and Technology Institute (DFIETI) (August 09, 2018)
  • Keynote Speech, The 3rd International Conference on Economics and Management Innovations 2018 (ICEMI2018) (June, 2018)
  • Fellow, International Engineering and Technology Institute (May 09, 2018)
  • Journal of Reviews on Global Economics, Editor's Choice (2015)
  • Nomura Award (March, 2013) by Nomura Securities Co. ltd.,
  • Murao Award for Young Researcher (February, 2002) "Econometric Analysis of Asset Prices"
  • Highest Quality Rating (February, 1999) by ANBAR Electronic Intelligence
  • Highest Quality Rating (November, 1998) by ANBAR Electronic Intelligence
  • Fulbright Fellow (1988)

Books

  • Tests of the Asset Pricing Model in a Monetary Economy: Some Evidence from USA and Japan, (University Microfilms International, 1991, Ph.D. dissertation)
  • The Business Cycle in Post-War Japan: An Empirical Approach, with Shin-ichi Kitasaka (Nova Science Publishers Inc., New York, 1997)
  • Hamori, S., (2003), An Empirical Investigation of Stock Markets: the CCF Approach, Springer.
  • Bhar, R. and Hamori, S., (2004), Hidden Markov Models: Applications to Financial Economics, Springer.
  • Bhar, R. and Hamori, S., (2005), Empirical Techniques in Finance, Springer.
  • Razafimahefa, I.F. and Hamori, S., (2007), International Competitiveness in Africa: Policy Implications in the Sub-Saharan Region, Berlin: Springer.
  • Hamori, S. and Hamori, N., (2009), Introduction of the Euro and the Monetary Policy of the European Central Bank, Singapore: World Scientific Pub. Co. Inc.
  • Kinkyo, T., Matsubayashi, Y. and Hamori, S., ed., (2013), Global Linkages and Economic Rebalancing in East Asia, Singapore: World Scientific Pub. Co. Inc.
  • Kinkyo, T., Matsubayashi, Y. and Hamori, S., ed., (2014), Financial Globalization and Regionalism in East Asia (Routledge Studies in the Modern World Economy) London: Routledge.
  • Chen, G. and Hamori, S. (2014) Rural Labor Migration, Discrimination, and the New Dual Labor Market in China (Springer Briefs in Economics), Heidelberg: Springer.
  • Inoue, T. and Hamori, S., (2014) Indian Economy: Empirical Analysis on Monetary and Financial Issues in India, World Scientific Pub. Co. Inc.
  • Tamakoshi, G. and Hamori, S. (2015) The European Sovereign Debt Crisis and Its Impacts on Financial Markets, Routledge.
  • Kinkyo, T., Inoue, T. and Hamori, S. (2016) Financial Linkages, Remittances, and Resource Dependence in East Asia, Singapore: World Scientific Pub. Co. Inc.
  • Kabe, S., Ushiyama, R., Kinkyo, T., and Hamori, S. (2016) Moving Up the Ladder: Development Challenges for Low and Middle-Income Asia, Singapore: World Scientific Pub. Co. Inc.
  • Tamakoshi, G. and Hamori, S. (2018) Credit Default Swap Markets in the Global Economy: An Empirical Analysis (Routledge Studies in the Modern World Economy), Routledge
  • Hamori, S. ed., (2019) Empirical Finance, Basel: MDPI.
  • Inoue, T. and Hamori, S. (2019) Financial Inclusion, Remittance Inflows, Economic Growth and Poverty Reduction: Evidence from Macro Empirical Analysis, Singapore: World Scientific Pub. Co. Inc.
  • Hamori, S. and Takiguchi, T. (2020) AI and Financial Markets, Basel: MDPI
  • David A.A. and Hamori, S. (2020) Empirical Analysis of Natural Gas Markets,. Basel: MDPI.
  • Tadahiro Nakajima, Shigeyuki Hamori, Xie He, Guizhou Liu, Wenting Zhang, Yulian Zhang, and Tiantian Liu. (2021) ESG Investment in the Global Economy. Springer.
  • Tadahiro Nakajima and Shigeyuki Hamori (2022) Energy Trading and Risk Management: Commentary on Arbitrage, Risk Measurement, and Hedging Strategy, Springer.
  • Shigeyuki Hamori, Xiao-Guang Yue, Lu Yang, and James Crabbe ed., (2023) ESG investment and its societal impacts, Frontiers in Environmental Science.
Articles
  1. Hamori, S. (1989) Information Costs, Learning Process and the Effectiveness of Monetary Policy, Scandinavian Journal of Economics, Vol.91, No.3, pp.535-546.
  2. Hamori, S. (1992) Test of C-CAPM for Japan: 1980-1988, Economics Letters, Vol.38, Issue 1, pp.67-72.
  3. Hamori, S. and Kitasaka, S. (1992) Small Sample Properties of Generalized Method of Moments Estimator with MA (1) Error, Journal of the Japan Statistical Society, Vol.22, No.2, pp.161-172.
  4. Hamori, S. (1992) On the Structural Stability of Preference Parameters Obtained from Japanese Financial Market Data, Economics Letters, Vol.40, Issue 4, pp.459-464.
  5. Hamori, S. (1992) Test of the International Equity Integration of Japan, Economics Letters, Vol.42, Issue 1, pp.71-76.
  6. Hamori, S. (1994) The Non-Expected Utility Model and Asset Prices: Some Evidence from Japan, Japanese Journal of Financial Economics, Vol.1, pp.89-99.
  7. Hamori, S. (1995) On the Test of the Globalization of the Japanese Equity Market under the Kreps-Porteus Preference, Financial Engineering and the Japanese Market, Vol.2, pp.123-137.
  8. Hamori, S. (1995) On the Time Variation of Risk Premium in the Japanese Stock Market," Current Politics and Economics of Japan, Vol.4, pp.129-138.
  9. Hamori, S., Kitasaka, S., and Tanizaki, H., (1996) On a Test for Structural Stability of Euler Conditions Parameters Estimated via the Generalized Method of Moments Estimator: Small Sample Properties, Econometric Reviews, Vol.15, pp.97-114.
  10. Hamori, S., (1996) Consumption Growth and the Intertemporal Elasticity of Substitution: Some Evidence from Income Quintile Groups in Japan," Applied Economics Letters, Vol.3, pp.529-532.
  11. Hamori, S., (1997) A Simple Method to Test the Fisher Effect, Applied Economics Letters, Vol.4, pp.477-479.
  12. Hamori, S. and Kitasaka, S., (1997) The Characteristics of the Business Cycles in Japan, Applied Economics, Vol.29, pp.1105-1113 [lead article].
  13. Hamori, S., (1997) Risk Premiums and Conditional Covariances in Tests of Asset Pricing Models: Some Evidence from Japan, Japan and the World Economy, Vol.9, pp.413-430.
  14. Hamori, S. and Tokihisa, A., (1997) Testing for a Unit Root in the Presence of a Variance Shift, Economics Letters, Vol.57, pp.245-253 [lead article].
  15. Hamori, S., (1998) Money, Exchange Rates and International Business Cycles between Japan and the United States, Applied Economics Letters, Vol.5, pp. 31-35.
  16. Hamori, S. and Kitasaka, S., (1998) A Numerical Analysis of the Monetary Aspects of the Japanese Economy: The Cash-in-Advance Approach, Applied Financial Economics, Vol.8, pp. 51-59.
  17. Hamori, S., (1998) Defying the Conventional Wisdom: US Consumers Are Found To Be More Risk Averse Than Those of Japan," Economic Modelling, Vol. 15, pp. 217-235.
  18. Hamori, S. and Hamori, N., (1999) Stability of the Money Demand Function in Germany, Applied Economics Letters, Vol.6, pp. 329-332.
  19. Hamori, S. and Tokunaga, T., (1999) Habit Formation and Durability in Consumption: Some Evidence from Income Quintile Groups in Japan, Applied Economics Letters, Vol. 6, pp. 397-402.
  20. Hamori, S. and Asako, K., (1999) Government Consumption and Fiscal Policy: Some Evidence from Japan, Applied Economics Letters, Vo.6, pp.551-555.
  21. Hamori, S., (1999) Transmission Mechanism of Asset Prices in Japan, Current Politics and Economics of Asia, Vol.6, pp.185-194.
  22. Hamori, S., (2000) The Transmission Mechanism of Business Cycles among Germany, Japan, the UK and the USA, Applied Economics, Vol. 32, pp. 405-410.
  23. Hamori, S. and Hamori, N., (2000) An Empirical Analysis of Economic Fluctuations in Japan: 1885 - 1940, Japan and the World Economy, Vol. 12, pp. 11-19.
  24. Hamori, S., (2000) Volatility of Real GDP: Some Evidence from the United States, the United Kingdom and Japan, Japan and the World Economy, Vol. 12, pp. 43-152.
  25. Hamori, S. and Tokihisa, A., (2000) Seasonal Integration and Japanese Aggregate Data, Applied Economics Letters, Vol. 7, pp. 591-594.
  26. Hamori, S. and Imamura, Y., (2000) International Transmission of Stock Prices among G7 Countries: LA-VAR Approach, Applied Economics Letters, Vol. 7, pp. 613-618.
  27. Anderson, D. A. and Hamori, S., (2000) A Theory of Quality Signaling in the Marriage Market, Japan and the World Economy, Vol. 12, pp. 229-242.
  28. Hamori, S. and Tokihisa, A., (2001) Seasonal Cointegration and the Money Demand Function: Some Evidence from Japan, Applied Economics Letters, Vol. 8, pp. 305-310.
  29. Hamori, S. and Matsubayashi, Y., (2001) An Empirical Analysis on the Stability of Japan’s Aggregate Import Demand Function, Japan and the World Economy, Vol. 13, pp. 135-144.
  30. Hamori, S., Hamori, N., and Anderson, D. A. (2001) An Empirical Analysis of the Efficiency of the Osaka Rice Market during Japan’s Tokugawa Era, Journal of Futures Markets, Vol. 21, pp. 861-874.
  31. Tokihisa, A. and Hamori, S., (2001) Seasonal Integration for Daily Data, Econometric Reviews, Vol. 20, pp. 187-200.
  32. Hamori, S., (2001) Seasonality and Stock Returns: Some Evidence from Japan, Japan and the World Economy, Vol. 13 pp. 463-481.
  33. Hamori, S. and Tokihisa, A., (2002) Seasonality and Purchasing Power Parity, Current Politics and Economics of Europe, Vol.4, pp.1-11.
  34. Hamori, S. and Anderson, D. A., (2002) Real Wage Behavior in the United States, Britain, and Japan: An ARCH Approach, European Economic and Political Issues, Vol. 4, pp. 13-24.
  35. Hamori, S. and Tokihisa, A., (2002) Some International Evidence on the Seasonality of Stock Prices, International Journal of Business and Economics, Vol. 1, pp. 79-86.
  36. Hamori, S., Anderson, D. A., and Hamori, N., (2002) Stock Returns and Real Activity: New Evidence from the United States and Japan, Quarterly Journal of Business and Economics, Vol. 41, pp. 95-114.
  37. Bhar, R. and Hamori, S., (2003) Alternative Characterization of the Volatility in the Growth Rate of Real GDP, Japan and the World Economy, Vol. 15, pp. 223-231.
  38. Bhar, R. and Hamori, S., (2003) New Evidence of Linkages among G-7 Stock Markets, Finance Letters, Vol. 1, pp. 35-40.
  39. Matsubayashi, Y. and Hamori, S., (2003) Some International Evidence on the Stability of Import Demand Function, Applied Economics, Vol. 35, pp. 1497-1504.
  40. Hamori, S. and Razafimahefa, I. R., (2003) Trade and Growth Relationship: Some Evidence from Some Evidence from Comoros, Madagascar, Mauritius and Seychelles," Asian and African Area Studies, Vol.3, pp. 174-185.
  41. Tokihisa, A. and Hamori, S., (2003) Unit root and cointegration tests under heteroskedasticity, Far Eastern Journal of Theoretical Statistics, Vol. 11, pp. 113-131.
  42. Bhar, R. and Hamori, S., (2004) Empirical Characteristics of the Permanent and Temporary Components of Stock Return: Analysis in a Markov Switching Heteroskedasticity Framework, Economics Letters, Vol. 82, pp. 157-165.
  43. Bhar, R. and Hamori, S., (2004) Information Flow between Price Change and Trading Volume in Gold Futures Contracts, International Journal of Business and Economics, Vol. 3, pp. 45-56.
  44. Bhar, R. and Hamori, S. (2004) The Link between Inflation and Inflation Uncertainty: Evidence from G7 Countries, Empirical Economics, Vol. 29, pp. 825-853.
  45. Bhar, R. and Hamori, S., (2005) Causality in Variance and the Type of Traders in Crude Oil Futures, Energy Economics, Vol. 27, pp. 527-539.
  46. Razafimahefa, I. F. and Hamori, S., (2005) Import Demand Function: Some Evidence from Madagascar and Mauritius, Journal of African Economies, Vol.14, pp.411-434.
  47. Bhar, R. and Hamori, S., (2005) A Coincident Financial Indicator for the Australian Stock Market, Investment Management and Financial Innovations, Vol. 3, pp.39-48.
  48. Razafimahefa, I. F. and Hamori, S., (2005) An Empirical Analysis of FDI Competitiveness in Sub-Saharan Africa and Developing Countries, Economics Bulletin, Vol.6, pp.1-8.
  49. Hamori, S., (2005) Business cycle Transmission between Japan and South Korea: Causality-in-Variance Approach, Empirical Economics Letters, Vol.4, pp.335-344 [lead article].
  50. Tanizaki, H., Hamori, S., and Matsubayashi, Y., (2006) On Least-Squares Bias in the AR(p) Model: Bias Correction Using the Bootstrap Method, Statistical Papers, Vol.47, pp.109-124.
  51. Bhar, R. and Hamori, S., (2006) Empirical Investigation on the Relationship between Japanese and Asian Emerging Equity Markets, Applied Financial Economics Letters, Vol.2, pp.77-86.
  52. Bhar, R. and Hamori, S., (2006) Linkages among Agricultural Commodity Futures Prices: Some Further Evidence from Tokyo, Applied Economics Letters, Vol.13, pp.535-539.
  53. Hamori, S. and Yamaguchi, M., (2006) Empirical Evidence on Commodity Futures Prices in the Tokyo Grain Market: the Component GARCH Approach, Empirical Economics Letters, Vol.5, pp.66-75[lead article].
  54. Hamori, S., (2006) Do international stock prices reflect international business cycles? Progress in Economics Research, Vol.9, pp.1-10 [lead article]
  55. Bhar, R. and Hamori, S. (2006) Component structure of agricultural commodity futures traded on the Tokyo Grain Exchange, Asia-Pacific Financial Markets, Vol.13, No.1, pp. 1-9 [lead article]
  56. Bhar, R. and Hamori, S. (2007) Co-movement in the price of risk of aggregate equity markets, Economic Systems, Vol.31, No.3, pp.256-271.
  57. Hamori, S. (2007) The information role of commodity prices in formulating monetary policy: some evidence from Japan, Economics Bulletin, Vol.5, No.13, pp.1-7.
  58. Hamori, S. and Hamori, N. (2007) Sources of real and nominal exchange rate movements for the euro, Economics Bulletin, Vol.6, No.32, pp.1-10.
  59. Hamori, S. (2007) International capital flows and the Frankel-Dooley-Mathieson puzzle, Economics Bulletin, Vol.15, No.19, pp.1-12.
  60. Yao, W.-J., Hsieh, Y.-C., and Hamori, S. (2007) An empirical analysis about population, technological progress, and economic growth in Taiwan, Economics Bulletin, Vol.15, No.23, pp.1-13.
  61. Bhar, R. and Hamori, S. (2007) Analysing yield spread and output dynamics in an endogenous Markov switching regression framework, Asia-Pacific Financial Markets, Vol.14, No.1/2, pp.141-156.
  62. Bhar, R. and Hamori, S. (2008) Information content of commodity futures prices for monetary policy, Economic Modelling, Vol.25, No.2, pp.274-283.
  63. Hamori S., (2008) Empirical analysis of the money demand function in Sub-Saharan Africa, Economics Bulletin, Vol.15, No.4, pp.1-15.
  64. Bhar, R. and Hamori, S. (2008) A new approach to analysing comovement in European equity markets, Studies in Economics and Finance, Vol.25, No.1, pp.4-20.
  65. Hamori, S. and Hamori, N. (2008) Demand for money in the euro area, Economic Systems, Vol.32, No.3, pp.274-284.
  66. Hamori, S. (2008) Trade balances and the terms of trade in G-7 countries: panel cointegration approach, Applied Econometrics and International Development, Vol.8, No.2, pp. 13-22.
  67. Chen, G, and Hamori, S., (2008) Do Chinese employers discriminate against females when hiring employees ?, Economics Bulletin, Vol.10, No.14, pp.1-17.
  68. Zhu, R., Chen, G., and Hamori, S., (2008) Estimation of the Marginal Abatement Cost of Carbon Dioxide with Environmental Accounting Data in Japan, Empirical Economics Letters, Vol.7, No.11 pp.1143-1148.
  69. Tsuji, K. and Hamori, S. (2008) Some Evidence on the Import Demand Function for G-7 Countries, Empirical Economics Letters, Vol.7, No.12, pp.1221-1228.
  70. Bhar, R. and Hamori, S. (2008) Measuring responses of output growth to changes in yield spread in a state switching framework, Journal of Economic and Social Measurement, Vol.33, No.4, pp.221-239.
  71. Tanizaki, H. and Hamori, S. (2009) Volatility transmission between Japan, U.K. and U.S. in daily stock returns, Empirical Economics, Vol.36, No.1, pp.27-54.
  72. Razafimahefa, I.F. and Hamori, S. (2009) Business cycle transmission between Madagascar, Seychelles, and their major economic partners, ICFAI Journal of Applied Economics, Vol.8, No.1, pp.7-19.
  73. Hanabusa, K., Masuda, J., Hoshikawa, T. and Hamori, S., (2009) Price and Wage Setting in Japan: An Empirical Investigation, Economics Bulletin, Vol.29, No.1 pp.38-50.
  74. Hamori. S. and Hamori, N., (2009) On the Sustainability of Budget Deficits in the Euro Area, Economics Bulletin, Vol.29, No.1, pp.56-66.
  75. Inoue, T. and Hamori, S. (2009) An Empirical Analysis of the Money Demand Function in India, Economics Bulletin, Vol. 29, No.2, pp.1225-1246.
  76. Hamori, S. and Tanizaki, H. (2009) Structural VAR approaches to the sources of exchange rate fluctuations in Sub-Saharan African countries, Economics of Developing Countries, pp.3-17, Edited by Calderia, T.N., NOVA Science Publishers Inc.
  77. Hamori, S. (2009) Nominal and real exchange rate fluctuations of Yen-Dollar rates, Emerging Topics of Macroeconomics, pp. 13-27, edited by Bailly, R.O., NOVA Science Publishers, Inc,.
  78. Hamori, S. and Hamori, N. (2009) International term structure of interest rates in the euro area, Applied Financial Economics Letters, Vol.16, No.11, pp.1113-1116.
  79. Chen, G. and Hamori, S. (2009) An empirical analysis of Chinese rural labour migration using a multinominal logit model, Applied Econometrics and International Development, Vol.9, No.1, pp.177-186.
  80. Matsubayashi, Y. and Hamori, S. (2009) Empirical analysis of import demand function in least developed countries, Economics Bulletin, Vol.29, No.2, 1460-1475.
  81. Chen, G. and Hamori, S. (2009) Economic Returns to Schooling in Urban China: OLS and the Instrumental Variables Approach, China Economic Review, Vol.20, No.2, pp.143-152.
  82. Chen, G. and Hamori, S. (2009) A solution of the dilemma of migrant labor shortage and rural labor surplus in China, China and the World Economy, Vol.17, No.4, pp.53-71.
  83. Kai, H. and Hamori, S. (2009) Globalization, financial depth, and inequality in Sub-Saharan Africa, Economics Bulletin, Vol. 29 No.3 pp. 2034-2046.
  84. Hamori, S. and Matsubayashi, Y. (2009) Empirical analysis of export demand behavior of LDCs: Panel cointegration approach, Economics Bulletin, Vol. 29 No.3 pp. 1996-2005.
  85. Hashiguchi, Y. and Hamori, S. (2009) Saving-investment relationship and capital mobility: Evidence from Chinese provincial data, 1980—2007, Economics Bulletin, Vol. 29 No.3 pp. 1986-1994.
  86. Bhar, R. and Hamori, S., (2009) Growth Rate of Domestic Credit and Output: Evidence of the Asymmetric Relationship between Japan and the United States, International Journal of Applied Economics, Vol.6, No.1, pp.77-89.
  87. Inoue, T. and Hamori, S., (2009) What Explains Real and Nominal Exchange Rate Fluctuations?: Evidence from SVAR Analysis for India, Economics Bulletin, Vol.29, No.4, pp.2797-2809.
  88. Hamori, S. (2009) The sustainability of trade accounts of the G-7 countries, Applied Economics Letters, Vol.16, No.17, pp.1691-1694.
  89. Kai, H. and Hamori, S., (2009) Microfinance and inequality, Research in Applied Economics, Vol.1, No.1, pp.1-12.
  90. Hsieh, K., Hsieh, Y. and Hamori, S. (2010) The interdependence of Taiwanese and Japanese stock prices, Economics Bulletin, Vol.30, No.1, pp.879-892.
  91. Nakajima, T. and Hamori, S., (2010) Change in consumer sensitivity to electricity prices in response to retail deregulation: A panel empirical analysis of the residential demand for electricity in the United States, Energy Policy, Vol.38, No.5, pp.23470-2476.
  92. Kanao, K. and Hamori, S., (2010) The size of underground market in Japan, Economics Bulletin, Vol.30, No.1, pp.903-912.
  93. Chen, G. and Hamori, S. (2010) Bivariate probit analyses of differences between male and female formal employment in urban China, Journal of Asian Economics, Vol.21, No.5, pp.494-501.
  94. Liu, Q. and Hamori, S., (2010) The efficiency of the Chinese stock market and the role of market liberalization, Economics Bulletin, Vol. 30 no.3 pp. 2524-2532.
  95. Xu, H. and Hamori, S. (2010) Dynamic linkages of stock prices among G7 countries: effects of the American financial crisis, Economics Bulletin, Vol. 30 no.4 pp. 2656-2667.
  96. Kawamoto, K. and Hamori, S. (2011) Market Efficiency among Futures with Different Maturities: Evidence from the Crude Oil Futures Market, Journal of Futures Markets, Vol.31, No.5, pp.487-501.
  97. Zhang, Y., Song, J. and Hamori S., (2011) Impact of subsidy policies on diffusion of photovoltaic power generation, Energy Policy, Vol.39, No.4, pp.1958-1964.
  98. Hamori, S. and Hamori, N., (2011) An Empirical Analysis of Real Exchange Rate Movements in the Euro, Applied Economics, Vol.43, No.10, pp.1187-1191.
  99. Yin, F. and Hamori, S., (2011) Estimating the import demand function in the autoregressive distributed lag framework: The case of China, Economics Bulletin, Vol. 31 no.2 pp. 1576-1591.
  100. Dong, Y., Ishikawaa, M., Liu, X. and Hamori, S., (2011) The Determinants of Citizen Complaints on Environmental Pollution: An Empirical Study from China, Journal of Cleaner Production, vol.19, No.12, pp.1306-1314.
  101. Yin, F. and Hamori, S. (2011) The Sustainability of Trade Balances in China, Economics Bulletin, vol. 31(3), pp. 2090-2097.
  102. Inoue, T. and Hamori, S., (2011) Monetary Policy Framework in India: Past, Present and Future, pp. 131-142. ed. by R. Jha, Routledge Handbook of South Asian Economics, Routledge, London and New York.
  103. Toyoshima, Y. and Hamori, S., (2011) Panel cointegration analysis of the Fisher effect: Evidence from the US, the UK, and Japan, Economics Bulletin, Vol.31(3), pp.2674-2682.
  104. Inoue, T. and Hamori, S. (2011) An empirical analysis on the efficiency of the microfinance investment market, Economics Bulletin, Vol. 31 (3) pp. 2725-2735.
  105. Tamakoshi, G. and Hamori, S., (2011) ''Transmission of stock prices amongst European countries before and during the Greek sovereign debt crisis'', Economics Bulletin, Vol. 31 No. 4 pp. 3339-3353.
  106. Hashiguchi, Y. and Hamori, S., (2012) The sustainability of trade balances in Sub-Saharan Africa: Panel cointegration tests with cross section dependence, Applied Economics Letters, vol.19, No.2, pp.161-165.
  107. Inoue, T. and Hamori, S., (2012) How has financial deepening affected poverty reduction in India? Empirical analysis using state-level panel data, Applied Financial Economics, Vol.22, pp.395-408.
  108. Miyazaki, T., Toyoshima, Y. and Hamori, S., (2012) ''Exploring the dynamic interdependence between gold and other financial markets'', Economics Bulletin, Vol. 32 No. 1 pp. 37-50.
  109. Tamakoshi, G, Toyoshima, Y. and Hamori, S., (2012) ''A dynamic conditional correlation analysis of European stock markets from the perspective of the Greek sovereign debt crisis'', Economics Bulletin, Vol. 32 No. 1 pp. 437-448.
  110. Toyoshima, Y., Tamakoshi, G., and Hamori, S., (2012), Asymmetric Dynamics in Correlations of Treasury and Swap Markets: Evidence from the US Market, Journal of International Financial Markets, Institutions & Money, Vol.22, No.2, pp.381-94.
  111. Toyoshima, Y. and Hamori, S., (2012) Volatility transmission of swap spreads among the United States, Japan, and the United Kingdom: a cross-correlation function approach, Applied Financial Economics, Vol.22, No.11, pp.849-862.
  112. Toyoshima, Y. and Hamori, S., (2012) Panel cointegration analysis of co-movement between interest rate swap and treasury markets, Applied Economics Letters, Vol.19, No.15, pp.1483-1486.
  113. Nakajima, T. and Hamori, S., (2012) Causality-in-Mean and Causality-in-Variance among Electricity Prices, Crude Oil Prices, and Yen-US Dollar Exchange Rates in Japan, Research in International Business and Finance, Vol. 26, No.4, pp. 371-386.
  114. Tamakoshi, G. and Hamori, S., (2012) Informational roles of commodity prices for monetary policy: evidence from the Euro area, Economics Bulletin, Vol. 32, No. 2, pp. 1282-1290.
  115. Xu, H. and Hamori, S., (2012) Dynamic linkages of stock prices between the BRICs and the United States: Effects of the 2008-09 financial crisis, Journal of Asian Economics, Vol.23, No.4, pp.344-352.
  116. Hamori, S. and Hashiguchi, Y., (2012) The effect of financial deepening on inequality: Some international evidence, Journal of Asian Economics, Vol.23, No.4, pp. 353-359.
  117. Hashiguchi, Y. and Hamori, S., (2012) "Small sample properties of CIPS panel unit root test under conditional and unconditional heteroskedasticity," Economics Bulletin, Vol. 32(3), pp. 2353-2365.
  118. Nakajima, T. and Hamori, S., (2012) Testing for rational bubbles in the commodity market, Accounting and Finance Research, Vol.1, No.2, pp.101-108.
  119. Tamakoshi, G. and Hamori, S., (2012) Real Oil Prices, Real Economic Activity, Real Interest Rates, and the US Dollar: A Cointegration Analysis with Structural Breaks, Journal of Reviews on Global Economics, Vol.1 No.1, pp.41-46.
  120. Yin, F. and Hamori, S., (2012) Economic Openness and Growth in China and India: a Comparative Study, Journal of Reviews on Global Economics, Vol. 1, No. 1, pp. 139-149.
  121. Inoue, T. and Hamori, S., (2012) An Empirical Analysis of the Monetary Policy Reaction Function in India, Indian Economic Journal, Vol. 60, No. 2, pp. 126-133.
  122. Tamakoshi, G. and Hamori, S., (2013) Volatility and mean spillovers between sovereign and banking sector CDS markets: a note on the European sovereign debt crisis , Applied Economics Letters, Vol.20, No.3, pp.262-266.
  123. Miyazaki, T. and Hamori, S., (2013) Testing for causality between the gold return and stock market performance: evidence for gold investment in case of emergency, Applied Financial Economics, Vol.23, No.1, pp.27-40.
  124. Tamakoshi, G. and Hamori, S., (2013) Dynamic linkages among cross-currency swap markets under stress, Applied Economics Letters, Vol.20, No.4, pp.404-409.
  125. Tamakoshi, G. and Hamori, S., (2013) An asymmetric DCC analysis of correlations among bank CDS indices, Applied Financial Economics, Vol. 23, No.6, pp. 475-481.
  126. Toyoshima, Y. and Hamori, S., (2013) Asymmetric Dynamics in Stock Market Correlations: Evidence from Japan and Singapore, Journal of Asian Economics, Vol.24, No. pp.117-123.
  127. Tamakoshi, G. and Hamori, S., (2013) On Time-varying Linkages among LIBOR Rates for Major European Currencies. International Journal of Financial Research, Vol.4, NO.1, pp.46-53.
  128. Yoshizaki, Y. and Hamori, S., (2013) On the Influence of Oil Price Shocks on Economic Activity, Inflation, and Exchange Rates, International Journal of Financial Research, Vol.4, No.2, pp.33-41.
  129. Toyoshima, Y., Nakajima, T., and Hamori, S., (2013) Crude oil hedging strategy: New evidence from the data of the financial crisis, Applied Financial Economics, Vol. 23, No. 12, 1033–1041.
  130. Yao, W., Kinugasa, T. and Hamori, S., (2013) An empirical analysis of the relationship between economic development and population growth in China, Applied Economics, Vol. 45, No.33, pp.4615-4625.
  131. Yang, L. and Hamori, S., (2013) Dynamic Linkages among Foreign Exchange, Stock, and Commodity Markets in Northeast Asian Countries: Effects from Two Recent Crises, Journal of Reviews on Global Economics, Vol.2, pp.278-290.
  132. Chen, G. and Hamori, S., (2013) Formal and Informal Employment, and Income Differentials in Urban China, Journal of International Development, Vol.25, No.7, pp.987-1004.
  133. Inoue, T. and Hamori, S. (2013) Financial permeation as a role of microfinance: has microfinance actually been a viable financial intermediary for helping the poor? Applied Financial Economics, Volume 23, Issue 20, pages 1567-1578.
  134. Yang, L. and Hamori, S. (2013) EU accession, financial integration, and contagion effects: Dynamic correlation analysis of CEEC-3 bond markets. Transition Studies Review, Volume 20, Issue 2, pp 179-189.
  135. Yoshizaki, Y., Y. Toyoshima, and Hamori, S., (2013) The causal relationship between sovereign CDS premium for Japan and selected EU countries. Applied Economics Letters, Vol.20, No.8, pp.742-747.
  136. Yang, L. and Hamori, S. (2013) Dependence structure among international stock markets: A GARCH-copula analysis, Applied Financial Economics, Vol.23, No.23, pp.1805-1817.
  137. Nakajima, T. and Hamori, S. (2013) Testing causal relationships between wholesale electricity prices and primary energy prices, Energy Policy, Vol.62, pp.869-877.
  138. Tamakoshi, G. and Hamori, S., (2013) An asymmetric dynamic conditional correlation analysis of linkages of European financial institutions during the Greek sovereign debt crisis, European Journal of Finance, Vol.19, No.10, pp.939-950. (lead article) (doi.org/10.1080/1351847X.2012.712921)
  139. Tamakoshi, G. and Hamori, S., (2014) On cross-currency transmissions between US dollar and euro LIBOR-OIS spreads, Research in International Business and Finance, Vol.30, pp.83-90.
  140. Yang, L. and Hamori, S. (2014) Gold prices and exchange rates: A time-varying copula analysis, Applied Financial Economics, Vol.24, Issue.1, pp.41-50.
  141. Chen, W., Kinkyo, T. and Hamori, S. (2014) Macroeconomic Impacts of Oil Prices and Underlying Financial Shocks, Journal of International Financial Markets, Institutions & Money, Vol.29, pp.1-12 (lead article)..
  142. Yang, L., and Hamori, S. (2014) Dependence Structure between CEEC-3 and German Government Securities Markets, Journal of International Financial Markets, Institutions & Money, Vol.29, pp.109-125.
  143. Yang, L., and Hamori, S. (2014) Spillover effect of US monetary policy to ASEAN stock markets: Evidence from Indonesia, Singapore, and Thailand, Pacific-Basin Finance Journal, Vol.26, pp.145-155.
  144. Tamakoshi, G. and Hamori, S. (2014) Nonlinear adjustment between the Eonia and Euribor rates: a two-regime threshold cointegration analysis, Applied Financial Economics, Vol.24, Issue 2, pp.139-143.
  145. Inoue, T. and Hamori, S. (2014) Market efficiency of commodity futures in India, Applied Economics Letters, Vol.21, Issue 8, pp.522-527.
  146. Yang, L. and Hamori, S. (2014) The Phillips curve in the United States and Canada: A GARCH-DCC analysis, Journal of Reviews on Global Economics, Vol.3, pp.1-6.
  147. Tamakoshi, G. and Hamori, S. (2014) Co-movements among major European exchange rates: A multivariate time-varying asymmetric approach, International Review of Economics and Finance, Vol.31, pp.105-113.
  148. Tamakoshi, G. and Hamori, S. (2014) Spillovers among CDS indexes in the US financial sector, North American Journal of Economics and Finance, Vol.27, pp.104-113.
  149. Yoshizaki, Y. and Hamori, S. (2014) The Effects of Oil Price Shocks on Expenditure Category CPI, Applied Economic, Vol.46, Issue 14, pp.1652-1664.
  150. Kinkyo, T. and Hamori, S. (2014) Exchange rate flexibility and the integration of the securities market in East Asia, Journal of Reviews on Global Economics, Vol.3, pp.293-309.
  151. Tamakoshi G. and Hamori, S. (2014) Causality-in-variance and causality-in-mean between the Greek sovereign bond yields and Southern European banking sector equity returns, Journal of Economics and Finance, Volume 38, Issue 4, pp.627-642
  152. Tamakoshi, G. and Hamori, S., (2014) Greek sovereign bond index, volatility, and structural breaks, Journal of Economics and Finance, Volume 38, Issue 4, pp. 687-697.
  153. Miyazaki, T. and Hamori, S. (2014) Cointegration with regime shift between gold and financial variables, International Journal of Financial Research, Vol.5, No.4, pp.90-97.
  154. Liu, S., Chen, G., and Hamori, S.(2014) Empirical research on monetary policy, asset prices and inflation: analysis based on provincial panel data in China, Applied Economics, Vol.46, No.34, pp.4190-4204.
  155. Yuan, N. and Hamori, S. (2014) Crowding-out effects of affordable and unaffordable housing in China, 1999–2010, Applied Economics, Vol.46, No.35, pp.4318-4333.
  156. Tamakoshi, G. and Hamori, S. (2014) The conditional dependence structure of insurance sector credit default swap indices, North American Journal of Economics and Finance, Vol.30, pp.122-132.
  157. Matsuoka, Y. and Hamori, S. (2015) On the relationship between estimate and its t value, Theoretical Economics Letters, Vol.5, No.1, pp.1-3.
  158. Yang, L., Zhang, H. and Hamori, S. (2015) Are the Hot IPOs Still Relevant? Evidence from China’s Growth Enterprise Market, Journal of Reviews on Global Economics, Vol.4, pp.43-50.
  159. Yang, L. and Hamori, S. (2015) Interdependence between the bond markets of CEEC-3 and Germany: A wavelet coherence analysis, North American Journal of Economics and Finance, Vol.32, pp.124-138.
  160. Tamakoshi, T. and Hamori, S. (2015) Health care expenditure, GDP and share of the elderly in Japan: a panel cointegration analysis, Applied Economics Letters, Vol.22, No.9, pp.725-729. (http://dx.doi.org/10.1080/13504851.2014.972540).
  161. Yang, L., Cai, X.J., Li, M., and Hamori, S. (2015) Modeling dependence structures among international stock markets: Evidence from hierarchical Archimedean copulas, Economic Modelling, Vol.51, pp.308-314. (http://dx.doi.org/10.1016/j.econmod.2015.08.017)
  162. Tian, S. and Hamori, S. (2015) Modeling interest rate volatility: A Realized GARCH approach, Journal of Banking & Finance, Vol.61, pp.158-171. (http://dx.doi.org/10.1016/j.jbankfin.2015.09.008).
  163. Yang, L. and Hamori, S. (2015) Hot Money and Business Cycle Volatility: Evidence from Selected ASEAN Countries, Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(2), pp. 351-363.
  164. Tamakoshi, T. and Hamori, S., (2016) Testing cointegration between health care expenditure and GDP in Japan with the presence of a regime shift, Applied Economics Letters, Vol. 23(2), pp. 151-155. (DOI:10.1080/13504851.2015.1058901)
  165. Tamakoshi, G. and Hamori, S. (2016) Time-varying co-movements and volatility spillovers among financial sector CDS indexes in the UK, Research in International Business and Finance, Vol. 36(C), pp. 288-296. (doi:10.1016/j.ribaf.2015.09.027)
  166. Inoue, T., Kinkyo, T., and Hamori, S. (2016) Revisiting the Roles of Financial Access and Deepening for Growth and Reducing Inequality, Emerging Markets Finance and Trade, Vol. 52(3), pp. 722-723.
  167. Inoue, T. and Hamori, S. (2016) Do Workers’ Remittances Promote Access to Finance? Evidence from Asia-Pacific Developing Countries, Emerging Markets Finance and Trade, Vol. 52(3), pp. 765-774.
  168. Inoue, T. and Hamori, S. (2016) Financial Access and Economic Growth: Evidence from Sub-Saharan Africa, Emerging Markets Finance and Trade, Vol. 52(3), pp. 743-753.
  169. Yang, L., Cai, X.-J., Zhang, H., and Hamori, S. (2016) Interdependence of foreign exchange markets: A wavelet coherence analysis, Economic Modelling, Vol. 55(C), pp. 6-14.
  170. Chen, W., Kinkyo, T., and Hamori, S. (2016) Financial Development and Financial Openness Nexus: The Precondition of Banking Competition, Applied Economics, Vol. 48, Issue 12, pp. 1130-1139. (DOI:10.1080/00036846.2015.1093087)
  171. Cai, X.J., Tian, S., and Hamori S., (2016) Dynamic correlation and equicorrelation analysis of global financial turmoil: evidence from emerging East Asian stock markets, Applied Economics, Vol.48, Issue 40, August 2016, pp. 3789-3803 (http://dx.doi.org/10.1080/00036846.2016.1145349)
  172. Miyazaki, T. and Hamori, S. (2016) Asymmetric correlations in gold and other financial markets, Applied Economics, Vol. 48, No.46, pp.4419-4425. (http://dx.doi.org/10.1080/00036846.2016.1158919)
  173. Tanaka, K., Kinkyo, T., and Hamori, S. (2016) Random Forests-based Early Warning System for Bank Failures, Economics Letters, Vol. 148, pp.118-121. (https://doi.org/10.1016/j.econlet.2016.09.024))
  174. Tian, S. and Hamori, S. (2016) Time-varying price shock transmission and volatility spillover in foreign exchange, bond, equity, and commodity markets: Evidence from the United States, North American Journal of Economics and Finance, Vol.38, pp.163-171. (http://dx.doi.org/10.1016/j.najef.2016.09.004)
  175. Chen, W., Hamori, S., and Kinkyo, T. (2017) Banking sector resilience to financial spillovers, Applied Economics Letters, Vol.24, No.6, pp.422-426. ( http://dx.doi.org/10.1080/13504851.2016.1200173)
  176. Cai, X.J., Tian, S., and Hamori, S. (2017) Stock market integration in China: Evidence from the asymmetric DCC model and copula approach, Applied Economics and Finance, Vol.4, No.2, pp.1-10. (http://dx.doi.org/10.11114/aef.v4i2.2010)
  177. Cai, X.J., Tian, S., Yuan, N., and Hamori, S., (2017) Interdependence between oil and East Asian stock markets: Evidence from wavelet coherence analysis, Journal of International Financial Markets, Institutions & Money, Vol.48, pp.206-223. (https://doi.org/10.1016/j.intfin.2017.02.001)
  178. Yang, L., Cai, X.J., and Hamori, S. (2017) Does the crude oil price influence the exchange rates of oil-importing and oil-exporting countries differently? A wavelet coherence analysis, International Review of Economics and Finance, Vol.49, pp.536-547. (https://doi.org/10.1016/j.iref.2017.03.015)
  179. Chang, Y., Fang, Z., and Hamori, S. (2017) Volatility and Causality in Strategic Commodities: Characteristics, Myth and Evidence, International Journal of Economics and Finance, Vol.9, No.8, pp.162-178.
  180. Tanaka, K., Higashide, T., Kinkyo, T., and Hamori, S. (2017) Forecasting the Vulnerability of Industrial Economic Activities: Predicting the Bankruptcy of Companies, Journal of Management Information and Decision Sciences, Vol.20, Issue. 1, (Special Issue), pp.1-23.
  181. Yang, L., Ma, J. Z., and Hamori, S., (2018) Dependence Structures and Systemic Risk of Government Securities Markets in Central and Eastern Europe: A CoVaR-Copula Approach, Sustainability, Vol.10, No.2, pp.1-23. (doi:10.3390/su10020324 )
  182. Hamori, S., Kawai, M., Kume, T., Murakami, Y., and Watanabe, C., (2018) Ensemble learning or deep learning? Application to default risk analysis, Journal of Risk and Financial Management, Vol.11(1), pp.1-14. (doi:10.3390/jrfm11010012)
  183. Yang, L., Cai, X.J., Hamori, S. (2018) What determines the long-term correlation between oil prices and exchange rates? North American Journal of Economics and Finance, Vol.44(C), pp.140-152. (https://doi.org/10.1016/j.najef.2017.12.003)
  184. Tanaka, K., Kinkyo, T., and Hamori, S. (2018) Financial Hazard Map: Financial Vulnerability Predicted by a Random Forests Classification Model, Sustainability, 10(5), pp.1-18. (https://doi.org/10.3390/su10051530l)
  185. Miyazaki, T. and Hamori, S. (2018) The determinants of a simultaneous crash in gold and stock markets: An ordered logit approach, Annals of Financial Economics, Vol.13(01), pp.1-25. (http://dx.doi.org/10.1142/S2010495218500045)
  186. Yang, L., Tian, S., , Yang, W., Xu, M., and Hamori, S. (2018) Dependence structures between Chinese stock markets and the international financial market: Evidence from a wavelet-based quantile regression approach, North American Journal of Economics and Finance, Vol.45(C), pp.116-137.
  187. Yang, L. and Hamori, S. (2018) Determinants of dependence structures of sovereign credit default swap spreads between G7 and BRICS countries, International Review of Financial Analysis, Vol.59(C), pp.19-34.
  188. Liu, G., Cai, X.J., and Hamori, S. (2018) Modeling the Dependence Structure of Share Prices among Three Chinese City Banks, Journal of Risk and Financial Management, Vol.11(4), 57; pp.1-18. (https://doi.org/10.3390/jrfm11040057)
  189. Yang, L. and Hamori, S. (2018) Modeling the dynamics of international agricultural commodity prices: A comparison of GARCH and stochastic volatility models, Annals of Financial Economics, Vol.13 (03), pp.1-20. (DOI: 10.1142/S2010495218500100)
  190. Hamori, S. and Kume, T. (2018) Artificial Intelligence and Economic Growth, Advances in Decision Sciences, Vol.22(A), pp. 1-22.
  191. Toyoshima, Y. and Hamori, S. (2018) Measuring the time-frequency dynamics of return and volatility connectedness in global crude oil markets, Energies, Vol.11 (11), pp.1-20. (https://doi.org/10.3390/en11112893)
  192. Chang, Y., Fang, Z., Hamori, S., and Chow, D. (2018) A Sustainable Metropolis: Perspectives of Population, Productivity and Parity, Sustainability, 10(11), pp.1-17. (https://doi.org/10.3390/su10114264)
  193. Xu, L., Kinkyo, T., and Hamori, S. (2018) Predicting currency crises: a novel approach combining random forests and wavelet transform, Journal of Risk and Financial Management, 11(4), pp.1-11. (https://doi.org/10.3390/jrfm11040086 )
  194. He, X., Cai, X.J., and Hamori, S. (2018) Bank Credit and Housing Price in China: Evidence from a TVP-VAR Model with Stochastic Volatility, Journal of Risk and Financial Management, 11(4), pp.1-16. (https://doi.org/10.3390/jrfm11040090 )
  195. Luo, Z., Chen, J., Cai, X. J., Tanaka, K., Takiguchi, T., Kinkyo, T., and Hamori, S. (2018) Oil Price Forecasting Using Supervised GANs with Continuous Wavelet Transform Features, Proceedings - International Conference on Pattern Recognition, pp.830-835.
  196. Luo, Z., Cai, X. J., Tanaka, K., Takiguchi, T., Kinkyo, T., and Hamori, S. (2019) Can we forecast daily oil futures prices? Experimental evidence from convolutional neural networks, Journal of Risk and Financial Management, 12(1), pp.1-13. (https://doi.org/10.3390/jrfm12010009).
  197. Chen, W., Hamori, S., and Kinkyo, T. (2019) Complexity of financial stress spillovers: Asymmetric impacts and intersection effects of institutional quality and foreign bank ownership, North American Journal of Economics and Finance, Vol.48, pp.567-581. (https://doi.org/10.1016/j.najef.2018.07.015)
  198. Hamori, S., Motegi, K., and Zhang, Z. (2019) Calibration estimation of semiparametric copula models with data missing at random, Journal of Multivariate Analysis, Vol. 173, pp.85-109. (https://doi.org/10.1016/j.jmva.2019.02.003)
  199. Yasuda, K., Kinugasa, T. and Hamori, S. (2019) An Empirical Analysis of Marital Status in Japan, Singapore Economic Review, Vol.64, No.03, pp.773-798. (https://doi.org/10.1142/S0217590816500181).
  200. He, Y. and Hamori, S. (2019) Conditional Dependence between Oil Prices and Exchange Rates in BRICS Countries: An Application of the Copula-GARCH Model, Journal of Risk and Financial Management, 12(2), pp.1-26. (https://doi.org/10.3390/jrfm12020099)
  201. Yao, W and Hamori, S. (2019) The long-run relationship between farm size and productivity: A re-examination based on Chinese panel data, China Agricultural Economic Review, Vol.11(2), pp.373-386. (https://doi.org/10.1108/CAER-05-2017-0103).
  202. Tanaka, K., Higashide, T., Kinkyo, T., and Hamori, S. (2019) Analyzing industry-level vulnerability by predicting financial bankruptcy, Economic Inquiry, Vol.57(4), pp.2017-2034. (https://doi.org/10.1111/ecin.12817)
  203. Tanaka, K., Kinkyo, T., and Hamori, S. (2019) Asymmetric technological distance measure based on language model, Applied Economics Letters, Vol.26 (18), pp.1548-1551. (https://doi.org/10.1080/13504851.2019.1584364)
  204. He, Y., Nakajima, T., and Hamori, S.(2019) Connectedness Between Natural Gas Price and BRICS Exchange Rates: Evidence from Time and Frequency Domains, Energies, 12(20):3970, pp.1-28. (https://doi.org/10.3390/en12203970)
  205. Yang, L., Yang, L., Ho, K.-C., and Hamori, S., (2019) Determinants of the Long-Term Correlation between Crude Oil and Stock Markets, Energies, 12(21), pp.1-15. (https://doi.org/10.3390/en12214123)
  206. Terada, I. and Hamori, S. (2020) Application of Network Analysis to Cryptocurrency in the Global Financial Market, Review of Integrative Business & Economics Research, Vol.9 (4), pp.19-35.
  207. Cai, X-J., Hamori, S., Yang, L., and Tian, S. (2020) Multi-Horizon Dependence between Crude Oil and East Asian Stock Markets and Implications in Risk Management, Energies, 13(2), pp.1-24. (https://doi.org/10.3390/en13020294)
  208. Xiao Jing Cai, Zheng Fang, Youngho, Chang, Shuairu Tian & Shigeyuki Hamori (2020) Co-movements in commodity markets and implications in diversification benefits, Empirical Economics, 58 (2), pp.393-425. (https://doi.org/10.1007/s00181-018-1551-3)
  209. Wenting Zhang, Xie He, Tadahiro Nakajima, Shigeyuki Hamori (2020) How Does the Spillover among Natural Gas, Crude Oil, and Electricity Utility Stocks Change over Time? Evidence from North America and Europe, Energies, 13(3), pp.1-26. (https://doi.org/10.3390/en13030727)
  210. Hitoshi Hamori and Shigeyuki Hamori (2020) Does ensemble Learning Always Lead to Better Forecasts?, Applied Economics and Finance, 7 (2), pp.51-56. (https://doi.org/10.11114/aef.v7i2.4716)
  211. Wang, C., Hamori, S., and Kinkyo, T. (2020) Dynamic effects of financial spillovers on bank lending: Evidence from local-projection based impulse response, Applied Economics Letters, 27 (5), pp.400-405. (https://doi.org/10.1080/13504851.2019.1619011)
  212. Yuchen Zhang, Shigeyuki Hamori (2020) The Predictability of the Exchange Rate When Combining Machine Learning and Fundamental Models, Journal of Risk and Financial Management, 13(3), pp.1-16. (https://doi.org/10.3390/jrfm13030048)
  213. Guizhou Liu, Shigeyuki Hamori, (2020) Can One Reinforce Investments in Renewable Energy Stock Indices with the ESG Index? Energies, 13(5), pp.1-21. (https://doi.org/10.3390/en13051179)
  214. Tiantian Liu, Xie He, Tadahiro Nakajima, and Shigeyuki Hamori (2020) Influence of Fluctuations in Fossil Fuel Commodities on Electricity Markets: Evidence from Spot and Futures Markets in Europe, Energies, 13(8), 1-20. (https://doi.org/10.3390/en13081900)
  215. Wenting Zhang and Shigeyuki Hamori (2020) Do machine learning techniques and dynamic methods help forecast US natural gas crises?, Energies, 13(9), pp.1-25.
  216. Yulian Zhang and Shigeyuki Hamori (2020) Forecasting crude oil market crashes using machine learning technologies, Energies, 13(10), pp.1-14. (https://doi.org/10.3390/en13102440 )
  217. Jin Shang, Shigeyuki Hamori (2020) The Response of U.S. Macroeconomic Aggregates to Price Shocks in Crude Oil vs. Natural Gas, Energies,13(10), pp.1-18.(https://doi.org/10.3390/en13102603)
  218. Xue-Feng Shao, Kostas Gouliamos, Ben Nan-Feng Luo, Shigeyuki Hamori, Stephen Satchell, Xiao-Guang Yue, and Jane Qiu (2020 ) Diversification and Desynchronicity: An Organizational Portfolio Perspective on Corporate Risk Reduction, Risks, 8(2), pp.1-16, (https://doi.org/10.3390/risks8020051)
  219. Tiantian Liu and Shigeyuki Hamori (2020) Spillovers to renewable energy stocks in the US and Europe: Are they different? Energies, 13(12), pp.1-28 (https://doi.org/10.3390/en13123162 ).
  220. Lu Yang, Lei Yang, Kung-Cheng Ho, and Shigeyuki Hamori (2020) Dependence structures and risk spillover in China’s credit bond market: A copula-CoVaR approach, Journal of Asian Economics, 68(C), pp.1-12. (https://doi.org/10.1016/j.asieco.2020.101200)
  221. Youngho Chang, Zheng Fang, and Shigeyuki Hamori (2020) Human Capital and Energy: A Driver or Drag for Economic Growth, Singapore Economic Review, 65(3) pp.683-714. (https://doi.org/10.1142/S0217590817500163)
  222. Lu Yang and Shigeyuki Hamori (2020) Forecasts of Value-at-Risk and Expected Shortfall in the Crude Oil Market: A Wavelet-Based Semiparametric Approach, Energies, 13(14), pp.1-27.(https://doi.org/10.3390/en13143700)
  223. Yijin He, Tadahiro Nakajima, and Shigeyuki Hamori (2020) Can BRICS’s currency be a hedge or a safe haven for energy portfolio?: An evidence from vine copula approach, Singapore Economic Review, 65(4), pp.805-836.
  224. Kaiji Motegi, Xiaojing Cai, Shigeyuki Hamori, and Heifeng Xu (2020) Moving average threshold heterogeneous autoregressive (MAT-HAR) models, Journal of Forecasting, 39(7), pp.1035-1042.( https://doi.org/10.1002/for.2671)
  225. Xie He, Tetsuya Takiguch, Tadahiro Nakajim, and Shigeyuki Hamori (2020) Spillover Effects between Energies, Gold, and Stock: The United States versus China, Energy and Environment, 31(8), pp.1416-1447. (https://doi.org/10.1177/0958305X20907081)
  226. Shigeyuki Hamori, Kaiji Motegi, and Zheng Zhang (2020) Copula-based regression models with data missing at random, Journal of Multivariate Analysis, 180, 104654.
  227. Guifu Chen, Shan Zhan, and Shigeyuki Hamori (2020) The Influence of Quality and Variety of New Imports on Enterprise Innovation: Evidence from China, Sustainability,12(22),pp. 1-20. (https://doi.org/10.3390/su12229537)
  228. Shigeyuki Hamori (2020) Recent Advancements in Section “Financial Technology and Innovation” Journal of Risk and Financial Management, 13(12), pp.1-2. (https://doi.org/10.3390/jrfm13120308)
  229. Yulian Zhang, Xie He, Tadahiro Nakajima, and Shigeyuki Hamori (2020) Oil, Gas, or Financial Conditions - Which One Has a Stronger Link with Growth? North American Journal of Economics and Finance. 54, 101220. (https://doi.org/10.1016/j.najef.2020.101220)
  230. Kohei Matsuoka and Shigeyuki Hamori (2021) Forecasting WTI Futures Prices Using Recurrent Neural Networks, Review of Integrative Business & Economics Research, 10(1), pp.34-50.
  231. Lu Yang and Shigeyuki Hamori (2021) Systemic Risk and Economic Policy Uncertainty: International Evidence from the Crude Oil Market, Economic Analysis and Policy, 69, pp.142-158.(https://doi.org/10.1016/j.eap.2020.12.001).
  232. Lei Xu, Shigeyuki Hamori, and Takuji Kinkyo (forthcoming) Continuous wavelet analysis of Chinese renminbi: Co-movement and lead-lag relationship between onshore and offshore exchange rates, North American Journal of Economics and Finance. (https://doi.org/10.1016/j.najef.2021.101360).
  233. Go Tamakoshi and Shigeyuki Hamori (2021) Environmental Policy and Sustainable Growth in Japan, Euston Quah and Renate Schubert ed., Sustainability and Environmental Decision Making, Springer (https://doi.org/10.1007/978-981-15-6093-4_3-1)
  234. Wenting Zhang and Shigeyuki Hamori (2021) Crude oil market and stock markets during the COVID-19 pandemic: Evidence from the US, Japan, and Germany, International Review of Financial Analysis, 74, 101702. (https://doi.org/10.1016/j.irfa.2021.101702)
  235. Rio Murata and Shigeyuki Hamori (2021) ESG Disclosures and Stock Price Crash Risk, Journal of Risk and Financial Management, 14(2), 70. (https://doi.org/10.3390/jrfm14020070)
  236. Qian Chen,Xiang Gao,Shan Xie,Li Sun,Shuairu Tian, and Shigeyuki Hamori (2021) On the Predictability of China Macro Indicator with Carbon Emissions Trading, Energies, 14(5), 1271. (https://doi.org/10.3390/en14051271)
  237. Takuo Higashide, Katsuyuki Tanaka, Takuji Kinkyo, and Shigeyuki Hamori (2021) New Dataset for Forecasting Realized Volatility: Is the Tokyo Stock Exchange Co-Location Dataset Helpful for Expansion of the Heterogeneous Autoregressive Model in the Japanese Stock Market?, Journal of Risk and Financial Management, 14 (5) 215 (https://doi.org/10.3390/jrfm14050215)
  238. Tiantian Liu and Shigeyuki Hamori (2021) Does Investor Sentiment Affect Clean Energy Stock: Evidence from TVP-VAR-Based Connectedness Approach, Energies, 14(12), 3442 (https://doi.org/10.3390/en14123442)
  239. Xie He and Shigeyuki Hamori (2021) Is volatility spillover enough for investor decisions? A new viewpoint from higher moments, Journal of International Moneyn and Finance, 116, article number 102412.(https://doi.org/10.1016/j.jimonfin.2021.102412).
  240. Tiantian Liu, Tadahiro Nakajima, and Shigeyuki Hamori (2021) The Impact of Economic Uncertainty Caused by COVID-19 on Renewable Energy Stocks, Empirical Economics, 62, pp.1495-1515. (https://doi.org/10.1007/s00181-021-02087-3)
  241. Wang Chen, Zhiwen Zhang, Shigeyuki Hamori, and Takuji Kinkyo (2021) Not all bank systemic risks are alike: Deposit insurance and bank risk revisited, International Review of Financial Analysis, 77, #101855. (https://doi.org/10.1016/j.irfa.2021.101855)
  242. Lu Yang and Shigeyuki Hamori (2021) The role of the carbon market in relation to the cryptocurrency market: Only diversification or more?, International Review of Financial Analysis, 77, #101864. (https://doi.org/10.1016/j.irfa.2021.101864).
  243. Yulian Zhang and Shigeyuki Hamori (2021) Do news sentiment and the economic uncertainty caused by public health events impact macroeconomic indicators? Evidence from a TVP-VAR decomposition approach, Quarterly Review of Economics and Finance, 82, pp.145-162. (https://doi.org/10.1016/j.qref.2021.08.003)
  244. Jin Shang and Shigeyuki Hamori (2021) Do Crude Oil Prices and the Sentiment Index Influence Foreign Exchange Rates Differently in Oil-Exporting/Importing Countries? A Dynamic Connectedness Analysis, Resources Policy, 64, #102400. (https://doi.org/10.1016/j.resourpol.2021.102400).
  245. Otilia Manta, Xiao-Guang Yue3, Iuliana Militaru, Shigeyuki Hamori, Deimante Teresiene (2022) ASSESSMENT OF THE IMPACT OF ECONOMIC AGENT VULNERABILITY ON ECONOMIC - FINANCIAL PERFORMANCE INDICATORS, Problems of Information Soceity, No.1, pp.95-109 (DOI : 10.25045/jpis.v13.i1.11)
  246. Yulian Zhang and Shigeyuki Hamori (2022) A connectedness analysis among BRICS’s geopolitical risks and the US macroeconomy, Economic Analysis and Policy, 76, pp.182-203. (https://doi.org/10.1016/j.eap.2022.08.004)
  247. Peiyo Lu, Shigeyuki Hamori, and Shuairu Tian (2022) Policy effect of the “blue sky plan” on air pollution, ESG investment, and financial performance of china’s steel industry, Frontiers in Environmental Science, 25, #955906 (https://doi.org/10.3389/fenvs.2022.955906)
  248. Wenting Zhang and Shigeyuki Hamori (forthcoming) The connectedness between the sentiment index and stock return volatility under COVID-19: a time-varying parameter vector autoregression approach, Singapore Economic Review. (DOI: 10.1142/S0217590822500023)
  249. Qian Chen, Xiang Gao, Chen Chen, Shuairu Tian, and Shigeyuki Hamori (forthcoming) Macro Factor, Market Volatility, and Stock-Bond Correlation: A Dynamic Mixed Data Sampling Forecast, Singapore Economic Review.(DOI: 10.1142/S021759082250028X)
  250. Wenting Zhang, Xie He, and Shigeyuki Hamori (2022) Volatility spillover and investment strategies among sustainability-related financial indexes: Evidence from the DCC-GARCH-based dynamic connectedness and DCC-GARCH t-Copula approach, International Review of Financial Analysis,83, #102223.(https://doi.org/10.1016/j.irfa.2022.102223)
  251. Shigeyuki Hamori, Xiao-Guang Yue, Lu Yang, and M. James C. Crabbe (2022), Editorial: ESG investment and its societal impacts. Frontiers in Environmental Science, 10:1088821 (https://doi.org/10.3389/fenvs.2022.1088821).
  252. Jin Shang, Tamotsu Nakamura1, and Shigeyuki Hamori (2023) Does the sentiment index help predict crude oil prices? IETI Transactions on Data Analysis and Forecasting (iTDAF), 1(1), pp. 54–65. https://doi.org/10.3991/itdaf.v1i1.32683
  253. Lu Yang, Xue Cu, Lei Yang, Shigeyuki Hamori, and Xiaojing Cai (2023) Risk spillover from international financial markets and China’s macro-economy: A MIDAS-CoVaR-QR model, International Review of Economics and Finance, 84, pp.55-69. (https://doi.org/10.1016/j.iref.2022.11.006)
  254. Peiyao Lu, Shigeyuki Hamori, and Shuairu Tian, (2023) Can ESG investments and new environmental law improve social happiness in China?. Frontiers in Environmental Science. 11, #1089486. (https://doi.org/10.3389/fenvs.2023.1089486)
  255. Lu Yang and Shigeyuki Hamori, (forthcoming) Moodeling the global sovereign credit network under climate change, International Review of Financial Analysis.
  256. Lu Yang, Shigeyuki Hamori, and Xiao Jing Cai (forthcoming) A multiple timescales conditional causal analysis on the carbon-energy relationship: Evidence from European and emerging markets, Emerging Markets Finance and Trade. (https://doi.org/10.1080/1540496X.2023.2192346)
  257. Xie He and Shigeyuki Hamori (forthcoming) Different moments create different spillovers: A study of commodity markets, Singapore Economic Review.
  258. Tomoko KINUGASA、Kouhei MASUMOTO、Koji YASUDA、Kazufumi YUGAMI、Shigeyuki HAMORI (forthcoming) Changes in subjective mortality expectations and savings during COVID-19: Empirical analysis using questionnaire data in Japan, Applied Economics.
  259. Jin Shang and Shigeyuki Hamori (2023) Do Large Datasets or Hybrid Integrated Models Outperform Simple Ones in Predicting Commodity Prices and Foreign Exchange Rates? Journal of Risk and Financial Management, 16(6), 298. (https://doi.org/10.3390/jrfm16060298)
  260. Wenting Zhang, Xie He, and Shigeyuki Hamori (forthcoming) The impact of the COVID-19 pandemic and Russia-Ukraine war on multiscale spillovers in green finance markets: Evidence from lower and higher order moments, International Review of Financial Analysis.
  261. Jin Shang and Shigeyuki Hamori (2023) Differential Tail Dependence between Crude Oil and Forex Markets in Oil-Importing and Oil-Exporting Countries during Recent Crisis Periods, Sustainability, 15(19), #14445 (https://doi.org/10.3390/su151914445)
Referee
Automatica, Journal of Political Economy, Economic Journal, Journal of International Money and Finance, Southern Economic Journal, World Development, Journal of Futures Markets, Journal of International Financial Markets, Institutions & Money, Empirical Economics, Economic Modelling, Journal of Financial Stability, North American Journal of Economics and Finance, Applied Economics, Applied Financial Economics, China Economic Review, Singapore Economic Review, Energy Economics,Energy Policy, Energies, Sustainability, Entropy, IEEE Access, Journal of Macroeconomics, Journal of Risk and Financial Management, International Journal of Business and Economics, Bulletin of Economic Research, Japan and the World Economy, Japanese Economic Review, Journal of the Japanese and International Economies, Financial Engineering and the Japanese Markets, Asian Economic Review, Managerial Finance.
Editorial Work
 Topical Collection (Guest Editor)
 Special Issue (Guest Editor)
Ranking of Researchers and Universities in Economics
Conference