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Yao Feng

  • Faculty of Economics
  • Department of Economics
  • Graduate School of Science for Creative Emergence
  • Division of Science for Creative Emergence
  • Professor
Last Updated :2025/04/24

Researcher Information

J-Global ID

Research Interests

  • 人口経済学   日中経済   中国経済   地域経済   統計学   計量経済学   Demography   Japan-China Economy   Chinese Economy   Regional Economics   Statistics   Econometrics   

Research Areas

  • Humanities & social sciences / Tourism studies
  • Humanities & social sciences / Economic statistics
  • Humanities & social sciences / Economic policy
  • Humanities & social sciences / Money and finance

Academic & Professional Experience

  • 1997 - 2002  Kagawa University
  • 2002  - 香川大学, 教授
  • 1996 - 1997  Kagawa University

Education

  •        - 1996  Tohoku University  Graduate School of Economics and Management  Econometrics
  •        - 1996  Tohoku University  経済学研究科  計量経済学
  •        - 1993  Tohoku University  Graduate School of Economics and Management  Econometrics
  •        - 1993  Tohoku University  経済学研究科  計量経済学
  •        - 1987  Graduate School of Jilin University  Graduate School, Division of Law  Demography
  •        - 1987  吉林大学大学院  法学研究科  人口経済学

Association Memberships

  • 中国経済経営学会   Japanese Association for Chinese Economy and Management Studies   中国経済学会   日本経済学会   日本統計学会   The Econometric Society   Chinese Economic Society   Japanese Economic Association   Japan Statistical Society   The Econometric Society   

Published Papers

  • East asian crude oil market patterns in the Change of interbational oil price
    Tian H; Yao F; Li H
    日本学刊 3 28 - 49 2022/06 [Refereed]
  • 中国各省文化資本再評価とその経済効果検証
    李娟偉; 姚峰; 鋼翠翠
    統計と決策 101 - 104 2020/09 [Refereed]
  • Stability in dynamic optimization of competitive agents with a market externality
    Yirong Ying; Jinze Li; Feng Yao
    Information (Japan) 16 (2 A) 1097 - 1100 1343-4500 2013/02 [Refereed]
  • Feng Yao; Yirong Ying; Lingwen Zhang
    2010 IEEE International Conference on Information and Automation, ICIA 2010 430 - 435 2010 [Refereed]
  • Ke Chen; Yu Yuan Tong; Yi Rong Ying; Feng Yao
    2010 7th International Conference on Service Systems and Service Management, Proceedings of ICSSSM' 10 711 - 716 2010 [Refereed]
  • One-way effect causal theory and its application
    Yanwu Chen; Feng Yao; Chengye Wu
    Statistic Methods and Applications in Modern China - Conference Proceedings of 2008 International Institute of Applied Statistics Studies 1 - 5 2008 [Refereed]
  • Yuzo Hosoya; Feng Yao; Taro Takimoto
    Japanese Economic Review 56 (1) 107 - 126 1352-4739 2005/03 [Refereed]
  • Feng Yao; Yuzo Hosoya
    Journal of Econometrics 98 (2) 225 - 255 0304-4076 2000/10 [Refereed]

Books etc

  • Blue Book of Japanese Economy
    (Joint workB6)Dalian University of Technology Electronic & Audio-visual 2018/05 9787894371751
  • Proceedings of the 9th International Conference on Financial Risk and Corporate Finance Management
    (Joint work)Dalian University of Technology Electronic & Audio-visual Press 2017/07
  • ベイズ計量経済学ハンドブック
    朝倉書店 2013 9784254290196
  • The Oxford Handbook of Bayesian Econometrics
    Asakura Publishing Co., Ltd 2013 9784254290196
  • 経済時系列分析ハンドブック
    朝倉書店 2012 9784254290158
  • Handbook of Economic Time Series
    Asakura Publishing Co., Ltd 2012 9784254290158
  • 現代物流とサプライチェーンマネジメント
    西安交通大学出版社 2008 9787560527291
  • Modern Logistics and Supply-chain Management
    Xian Jiaotong University Press 2008 9787560527291
  • 計量経済学ハンドブック
    朝倉書店 2007
  • Handbook of Econometrics
    Asakura Publishing Co., Ltd 2007
  • Econometric Analysis of Nonstationary and Nonlinear Relationships
    Shinzansha International 2002
  • 発展と改革(1983-1987)
    中国計画出版社 1988
  • Reform and development of Chinese Economy (1983-1987)
    中国計画出版社 1988
  • 確率統計基礎(上.下)
    吉林大学人口研究所・吉林省人口学会 1986
  • Introduction of Probability and Statistics
    吉林大学人口研究所・吉林省人口学会 1986

Conference Activities & Talks

  • Empirical Causal Relationships between Money Supply and Stock Markets in China  [Invited]
    Yao Feng
    The 7th Kagawa University - Chiang Mai University Joint Symposium  2018/08
  • Causal Relationships between FDI Flow and Technological Innovation of China and Japan  [Not invited]
    2018 Kagawa International Symposium“Recent Developments in Statistics and Econometrics”  2018
  • Analysis of the Causal relations between GDP -- the case of China and Japan  [Not invited]
    2017年全国日本経済学会全国大会  2017/07
  • 中日経済発展と国際貿易の因果関係研究  [Not invited]
    2017年全国日本経済学会全国大会  2017
  • Causal Analysis of Hong Kong Stock Market  [Not invited]
    the 9th International Conference on Financial Risk and Corporate Finance Management  2017
  • Theory and Application of the Wald Test of One-way Effect Causal Measure  [Not invited]
    The 6th Kagawa University – Chiang Mai University Joint Symposium 2016  2016
  • Theory and Application of the One-way Effect Causal Measure  [Not invited]
    Conference in Honor of Professor Yuzo Hosoya  2016
  • Stock Market Causal Relationships between the US and East Asian Countries  [Not invited]
    2015年度関西計量経済学研究会  2016
  • 日中国際貿易と経済成長の因果関係  [Not invited]
    シルクロード経済ベルト国際協力メガニズムと内陸型改革開放シンポジウム  2015
  • 多変量時系列因果分析の理論と応用  [Not invited]
    中国科学協会エネルギー経済と気候政策フォラム  2015
  • The sequence of RMB capital account openness reform  [Not invited]
    2015CSBF 電子金融フォラム  2015
  • 日中国際貿易と経済成長の因果関係  [Not invited]
    シルクロード経済ベルト国際協力メガニズムと内陸型改革開放シンポジウム  2015
  • 多変量時系列因果分析の理論と応用  [Not invited]
    中国科学協会エネルギー経済と気候政策フォラム  2015
  • Granger's Non-causality and the Wald Test of One-way Effect  [Not invited]
    The 5th Chiang Mai University – Kagawa University Joint Symposium 2014  2014
  • Nobel Prize in Economic Sciences and the New Statistical Approach for Analyzing Soft Power  [Not invited]
    The 3rd High-Level Forum on Soft Power  2013
  • Time Series Causal Analysis and the Nobel Prize in Economic Sciences  [Not invited]
    Ishigaki International Conference on Modern Statistics Theories,Practices, and Education in the 21st Century  2013
  • Stock Market Causal Relations between the US and East Asian Countries  [Not invited]
    2012 Taipei International Statistics Workshop  2012
  • 時系列因果分析方法の新たな展開  [Not invited]
    中国数量経済学会２０１２年全国大会  2012
  • Stability in Dynamic Optimization of Competitive Agents with a Market Externality  [Not invited]
    The Eleventh International Conference on Information and Management Sciences Shanghai University Economics Forum  2012
  • 日中証券市場総合指数因果関係に関する分析  [Not invited]
    国際学術シンポジウム「中国経済の転換と日中経済関係」  2012
  • Asymmetric Causal Relationships between the Stock Markets of European and East Asian Countries  [Not invited]
    The 6th International Conference on Computational and Financial Econometrics  2012
  • Stock Market Causal Relations between the US and East Asian Countries  [Not invited]
    2012 Taipei International Statistics Workshop  2012
  • 時系列因果分析方法の新たな展開  [Not invited]
    中国数量経済学会２０１２年全国大会  2012
  • Stability in Dynamic Optimization of Competitive Agents with a Market Externality  [Not invited]
    The Eleventh International Conference on Information and Management Sciences Shanghai University Economics Forum  2012
  • 日中証券市場総合指数因果関係に関する分析  [Not invited]
    国際学術シンポジウム「中国経済の転換と日中経済関係」  2012
  • Asymmetric Causal Relationships between the Stock Markets of European and East Asian Countries  [Not invited]
    The 6th International Conference on Computational and Financial Econometrics  2012
  • Stock Market Causal Relationships of China, the US and Japan  [Not invited]
    2011 International Conference on Management Science and Engineering  2011
  • Nobel Prize in Economic Sciences and the Theory of Causal Analysis  [Not invited]
    2011 Shanghai University Economics Forum  2011
  • Causal Relationship of the Stock Market Index between Developed and Developing Countries  [Not invited]
    Workshop on Time Series and Applications  2011
  • Analysis of Stock Market Information: A New Financial Engineering Approach  [Not invited]
    IEEE ICIA 2010  2010
  • Financial Crises Contagions and Its Inhibitions: a View of Differential Dynamical System  [Not invited]
    IEEE, ICSSSM 2010  2010
  • 中国大陸八大台湾資本集中地域と台湾との経済貿易交流に関する研究  [Not invited]
    第10回中国経済学年会  2010
  • 日米中金融証券市場主な総合指数間の因果関係  [Not invited]
    経済危機と政府マクロ経済コントロール  2009
  • Japan-China International Trade and Sustainable Economic Development in East Asia  [Not invited]
    Economic Development and Culture in a Globalized Era of East Asia  2008
  • Sustainable Economic Development and China-Japan Foreign Trade Relation  [Not invited]
    Symposium on Sustainable Development in East Asia  2007
  • The Long-run and Short-run Causal Relationships between Japanese Money and  [Not invited]
    2006 Far Eastern Meeting of the Econometric Society  2006
  • 一方向因果測度の局所検定と応用  [Not invited]
    2006年度統計関連学会連合大会  2006
  • 中国の貿易依存度に関する統計分析  [Not invited]
    2005年中国経済学会全国大会  2005
  • Testing the Local One-way Effect and Its Application to Japanese Income and  [Not invited]
    IASC World Conference on Computational Statistics & Data Analysis  2005
  • Testing Causality and the Japanese Economy  [Not invited]
    The 2nd International Workshop in Applied Probability  2004
  • Causal Relationships in Japanese and Chinese External Trade  [Not invited]
    The 8th Japan-China Symposium on Statistics  2004
  • Testing Causality and the Japanese Economy  [Not invited]
    The 2nd International Workshop in Applied Probability  2004

Works

  • 「世界の工場」の中国化と日系企業の管理会計･原価管理の現地適用と現地適応
    2003 -2006
  • 日中地域経済の比較研究
    1998 -2000

MISC

  • Causal Relationships of FDI, Economic Growth and Upgrading of Industrial Structure : Econometric Analysis of Shaanxi Province (Barbican of One Belt and One Road)
    姚 峰; 伍 業艳  香川大学経済論叢  90-  (2)  215  -236  2017/09
  • 一方向因果測度の局所検定と応用
    姚峰  統計関連学会連合大会講演報告集  2006-  (CD-ROM)  2006
  • The Analysis of Degree of Dependence upon Foreign Trade : The Case of China and Comparison between Japan-US-China
    Yao Feng; Li Jiumei  The Kagawa University economic review  78-  (2)  209  -230  2005/09
  • 日本経済発展与中日貿易的計量分析
    管理科学学報  Vol.6-  (No.4)  55  -62  2003
  • 動態経済系統分析的経済計量模型与方法
    管理科学学報  Vol.6-  (No.2)  74  -80  2003
  • Investigation of Nested Chi-square Test and AIC in the Box-Cox Transformation Model
    Kagawa University Economic Review, The Institute of Economic Research, Kagawa University  71-  (3)  217  -256  1998
  • Investigation of Information Criteria in the Box-Cox Transformation Model
    Kagawa University Economic Review  69-  (2-3)  267  -295  1996
  • Information Crieria and Nested X2 Method for the Box-Cox Data Transformation
    Annual Report of the Economic Society, Tohoku University  57-  (2)  85  -99  1995
  • Empirical causality analysis of Japanese macro economic data. Statistical Analysis of Time Series : Theory and Application
    YAO F.  The Institute of Statistical Mathematics Cooperative Research Report  79-  85  -96  1995
  • Analysis of the Box-Cox Transformation by the General and the Alike Information Criteria
    YAO Feng  Annual report of the Economic Society,Tohoku University  56-  (1)  123  -139  1994
  • 賃金と物価を繋ぐ問題に関する研究
    中国:発展と改革  (8)  1988
  • 都市化に関する問題の研究
    経済情報と予測  1988-  (8)  1988

Awards & Honors

  • 2010 Best Paper Finalist, ICIA 2010
  • 2008 中国数量経済学会優秀論文賞
  • 2008 Best Paper Awards, Chinese Association of Quantitative Economics

Research Grants & Projects

  • A study on the empirical analysis of business fluctuations mechanism using big data
    Japan Society for the Promotion of Science：Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)
    Date (from‐to) : 2019/04 -2022/03 
    Author : 姜 興起; 姚 峰; 野田 英雄
     
    2020年度は、主に次の研究課題に取り込んだ。(1)景気動向指標の構築法を提案した。(2)長周期循環変動を含む時系列成分分解のための超トレンド法を提案した。(3)世界主要市場原油価格指数の動的変動相互影響のメカニズムの解析法を提案し、中国市場の原油価格指数のアメリカ、ヨーロッパ及び日本の各市場の原油価格指数に対する影響力の分析を行った。 主要な結果は次のとおりである。(1)の提案法では、最大固有値法を用いて、現在利用されている景気動向分析の一致系列をトレンド成分と循環変動成分に分解し、各系列の循環成分の第一固有ベクトルを用いて景気動向指標(IBC)を構築した。GDPとの相関関係、構築したIBCは現在利用されているCI一致指数よりも景気動向を正確に反映できることを実証した。(2)景気動向分析において経済指標の成分分解は重要な手続きである。従来の手法としてDECOMPがよく知られている。しかし、経済指標に長周期の循環成分を含むものが多いが、DECOMPでは上手く対応できない場合がよくみられる。そこで本研究では新たに超トレンド法を提案した。日本の商業販売額の20系列と景気動向分析の30系列を用いて検証した結果、DECOMPよりも提案法が有効である。(3)多変量時系列因果分析の理論を用いて、原油市場価格指数変動における国際的推移のメカニズムの解析法を確立した。また、実証分析の結果、中国市場の原油価格指数はアメリカ、ヨーロッパ及び日本等の各市場の原油価格指数に対する影響が顕著である。
  • Theory for quantile regression inference of time series and its applications
    Japan Society for the Promotion of Science：Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (A)
    Date (from‐to) : 2015/04 -2019/03 
    Author : Taniguchi Masanobu; Hallin Marc; Monti Anna Clara
     
    (1)We introduced a quantile regression statistic to classify time series data into a certain category. Results show that the misclassification probability of the discriminant statistic converges to zero as the sample size tends to infinity. We applied the proposed method in quantile autoregression to a dataset of the monthly mean maximum temperature at Melbourne.The findings illuminate interesting features of climate change and allow us to check the change at each quantile of the innovation distribution.(2)We considered minimax interpolation and extrapolation problems in Lp for stationary processes. We gave two conditions to find the minimax interpolator and extrapolator in the general framework under the Lp-norm. We showed that there exist minimax interpolator and extrapolator for the class of epsilon contaminated spectral densities.The results (1) and (2) open a new methodology for time serires analysis based on quantile informations for probability and spectral distributions.
  • Econometric Analysis of the Macroeconomy and Financial Causal Relationships between Japan, the US and China
    Japan Society for the Promotion of Science：Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)
    Date (from‐to) : 2009 -2012 
    Author : YAO Feng
     
    In the four-year period of the project, we got the following main results.For a deep investigation of cointegration and causal relationships between nonstationary multiple time series, based on Pro FORTRAN for personal computer, we succeeded in getting an updated version of the FORTRAN program CCTW which was written by the author before. By use of the new developed program CCTW2012, calculation of the long-run and short-run causal measures of one-way effect at time domain and at frequency domain, and also the Wald test of the one-way effect causal measures has become easier. The FORTRAN programCCTW2012 makes it possible to investigating the complex causal relationships in details. We also confirmed that the calculation algorithm for analyzing high frequency financial time series with FORTRAN 95 based on personal computer is possible. For the empirical analysis of the Japanese, the US as well as the Chinese economy, we gathered many economic and financial market data, renewed and also enriched the time series data base which was constructed by the author before. Based on ECM for daily observations in stock markets before and after the 2008 financial crisis, we obtained the stock market dynamic causal characterizations between the United States and Japan, China, Korea, Hong Kong as well as Taiwan.For exchanging research ideas with other scholars all over the world, we take active part in the international academic conferences. In the project period we published 8 research papers and reported our research results at 12 academic conferences. Some of the new empirical results about the asymmetric causal characteristics of the spotlighted stock market composite indices of European and East Asian countries will be reported at the 11thConference of Eurasia Business and Economics Society which will be held in Ekaterinburg, Russia, on September 12-14, 2013
  • Theory and Applications for Mathematical Methods in Statistical Science
    Japan Society for the Promotion of Science：Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (A)
    Date (from‐to) : 2007 -2010 
    Author : TANIGUCHI Masanobu; YOSHIDA Nakahiro; OCHI Yoshimichi; YAO Feng; WAKAKI Hirofumi; KAKIZAWA Yoshihide; JIMBO Masakazu; MAESONO Nobuhiko; ANO Yutaka; HIRUKAWA Junichi; SHIMIZU Kunio; KONDO Masao; UNO Chikara; MIYATA Yoichi; TAKADA Yoshikazu; NOMAKUCHI Kentaro; KURIKI Shinji; KATO Takeshi; AKAHIRA Masafumi; TAKEMURA Akimichi; KONISHI Sadanori; TAKAHASHI Daisuke; MAEKAWA Koichi; SUZUKI Takeru; NISHII Ryuei; SASABUCHI Yoichi; AKI Shigeo; KURIKI Satoshi; AOSHIMA Makoto; TAMAKI Kenichiro; SHIRAISHI Hiroshi; SHIRAHATA Shingo; SHIOHAMA Takayuki
     
    Mathematical models that describe random phenomena depending on past, present and future are called stochastic processes. In this research we established statistically optimal estimation theory for general stochastic processes, and applied the theoretical results to various fields, e.g., finance, economics, medical sciences, engineering and environment etc., yielding a lot of contributions. We performed the research with many foreign researchers as well as domestic ones, and developed young researchers.
  • Chinasation of the World Factory and Adaption and Adoption of Managerial Amounting & Cost Management of Japanese-affiliated Companies in China
    Japan Society for the Promotion of Science：Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (B)
    Date (from‐to) : 2004 -2007 
    Author : INOUE Shinichi; YAO Feng; PARK Kyonjyo; MIYAWAKI Hidetaka
     
    This project has mainly investigated the Chinese investment environments for foreign companies and the role of overseas companies for Chinese economic development, especially focusing on the case of Japanese-affiliated companies in the 'Socialist market economy'. Chinese economy has been greatly developing for over recent a decade at the higher growth rate of GDP. This phenomenon is the remarkable and unbelievable and many foreign globalized companies have been investing capital into China for manufacturing and market year by year : such as Hong Kong, Taiwan, Japanese, Korean, American, German and French companies. Having such a Chinese economic growth and management situation in mind, our research has developed from the management and accounting perspectives on Chinese economic growth. The first theme is to review Chinese macro economic trend and it has been examined how Chinese central and provincial governments have been supporting the Chinese economic growth. At the same time, it has been cultivated what kind of important role foreign-affiliated companies have been playing for Chinese economic and technological growth, especially in the Economic Development Districts (including advanced IT Special Zones). The second aim is to interview to JETRO Centers in China for hearing about the economic and investment situation of China and hearing how Japanese companies have adopted and adapted to the Chinese context in order to settle down their factories and expanding Chinese market. The third and the main purpose is to interview Japanese-affiliated companies to examine transferability of Japanese-style management practices, management accounting & cost management into the Chinese situation. As a result of this study, we could obtain several findings based on this survey research. Refining the report, the papers will be published later. But at the same time more survey researches to Chinese economy and companies should be added for gaining more universal reality of the subject.
  • Analysis of the long-run and one-way causality between macroeconomic index
    Japan Society for the Promotion of Science：Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)
    Date (from‐to) : 2003 -2005 
    Author : YAO Feng
     
    In term of the project, we get the following results. 1.Succeeded in transferred the program code written by the author at supper computer SX4 to personal computer (PC). Based on PC, we developed some programs by witch the calculation of one-way causal measures can be easily conducted. 2.Based on cointegrated time series model, we showed the calculation algorithm of the one-way effect measures at time domain and at frequency domain. The proposed new method can contributed to reduce the cost of simulation. 3.The calculation algorithms of long-run and short-run (local) one-way effects are made clearly. In addition, we developed the necessary calculation program based on Pro Fortran. By the use of these programs, it is possible to investigate the complex causal relationships in details. 4.To apply the approach of one-way effect causal measures to the analysis of high frequency financial time series based on PC, the algorithm is made cleared 5.To make use of the timely data published at internet, especially Chinese financial and market data, the way of transforming the date base file to text format is made cleared. By this way, we renew our time series data base of America and Japan as well as China. 6.To conduct the project, we reported our research results at internal and international conferences and also have had made oversea researches. 7.In this three years period, we published 5 research papers and reported 4 times at conference. Some of the new results will be reported at the 2006 Far Eastern Meeting of the Econometric Society which will be held in Tsinghua University, Beijing, China, on July 9-12, 2006.
  • Research of Modern Regional Economies in Both China and Japan
    Japan Society for the Promotion of Science：Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (B).
    Date (from‐to) : 1998 -2000 
    Author : IHARA Takeo; HOSOKAWA Susumu; ZENG Dao-zhi; YAO Feng
     
    The main aim of this research is to clarify the regional economy in modern China, which has been rapidly changing by introducing a new system of market economy into the old and traditional planned economy. In order to carry out this kind of research project, we tried to make some comparisons between the Chinese regional economy and the Japanese regional economy in the past. We also put an emphasis of our empirical fact-findings on revealing regional diferentials of, say, between the coastal and inland areas, as well as the urban and rural areas, so as to derive the meaningful and efficient policy-recommendations for the Chinese regional economy. The performance of this research project is summarized by the following paper, entitled the 'Research of Modern Regional Economies in Both China and Japan.' Eventually, this paper is truly a joint-reserach work by the Scholars of Northwest University in Chana and Kagawa University in Japan.It consists of the following three parts : 1) How to Evaluate the Current Situations (Recognition of the Status Quo), 2) Theoretical Research Works (by Regional Ecomonics), 3) Empirical Reseach Works (for Regional Policy).
  • Econometric Analysis of Nonlinear and Nonstationary Relationships
    Date (from‐to) : 1991
  • Econometric Analysis of Nonlinear and Nonstationary Relationships
    Date (from‐to) : 1991
  • 日米中長期経済発展の相互依存関係に関する研究
  • Empirical Analysis of Japanese-Chinese Economy
  • 非線型・非定常時系列の計量分析
  • 日米中長期経済発展の相互依存関係に関する研究
  • Empirical Analysis of Japanese-Chinese Economy

Committee Membership

  • 2001   Japanese Association for Chinese Economy and Management Studies   正会員   Japanese Association for Chinese Economy and Management Studies
  • 2001   Chinese Economic Society   正会員   Chinese Economic Society
  • 2000   The Econometric Society   正会員   The Econometric Society
  • 1996   Japanese Economic Association   正会員   Japanese Economic Association
  • 1993   Japan Statistical Society   正会員   Japan Statistical Society

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