Kyushu University Academic Staff Educational and Research Activities Database
List of Papers
Shunsuke Managi Last modified date:2022.06.29

Professor / Urban and Environmental Engineering / Faculty of Engineering

1. Xiangdan Piao, Jun Xie, Shunsuke Managi, Environmental, social, and corporate governance activities with employee psychological well-being improvement, BMC Public Health, 10.1186/s12889-021-12350-y, 22, 1, 2022.12, Abstract


Environmental, social, and governance (ESG) engagement is expected to benefit corporations in terms of their efficiency and sustainability. The transformative change in management practices would not only provide support for employees but also bring about additional workload, which may affect employee psychological well-being. However, the examination of the relationship between corporate ESG activities and occupational stress is scarce; hence, this study aims to fill this knowledge gap.


In total, 110,351 observations were collected from 41,998 employees regarding occupational stress to reflect employee psychological well-being. The data were derived from 11 corporations in Japan from 2017 to 2019. Data on ESG activities were collected from the MSCI ESG database from 2015 to 2017. The effect of 1-year lagged corporate ESG activities on employee psychological well-being was investigated using a lagged variable linear regression model.


Positive and negative relationships were found between corporate environmental activities and occupational stress. Activities that reduce water stress during operation and adopt clean technology were found to benefit employees’ psychological well-being. On the contrary, the program for reducing toxic emissions and waste lowered employees’ occupational stress levels significantly. Regarding corporate social activities, the improvement of job satisfaction or work-life balance was associated with occupational stress. However, corporate governance activities were found to have unfavorable effects on employees’ psychological well-being.


The effects of corporate ESG activities on employees’ psychological well-being are found. The managerial implications suggest that caring for employees’ occupational stress during the implementation of environmental activities is necessary, and the adoption of social activities could enhance employees’ psychological well-being. Notably, corporate governance activities are a stressor for employees; top management teams should pay attention to it..
2. Moegi Igawa, Xiangdan Piao, Shunsuke Managi, The impact of cooling energy needs on subjective well-being: Evidence from Japan, Ecological Economics, 10.1016/j.ecolecon.2022.107464, 198, 107464-107464, 2022.08.
3. Kanesh Suresh, Clevo Wilson, Annette Quayle, Shunsuke Managi, Uttam Khanal, Can a tourist levy protect national park resources and compensate for wildlife crop damage? An empirical investigation, Environmental Development, 10.1016/j.envdev.2021.100697, 42, 100697-100697, 2022.06.
4. Unai Pascual, Pamela D McElwee, Sarah E Diamond, Hien T Ngo, Xuemei Bai, William W L Cheung, Michelle Lim, Nadja Steiner, John Agard, Camila I Donatti, Carlos M Duarte, Rik Leemans, Shunsuke Managi, Aliny P F Pires, Victoria Reyes-García, Christopher Trisos, Robert J Scholes, Hans-Otto Pörtner, Governing for Transformative Change across the Biodiversity–Climate–Society Nexus, BioScience, 10.1093/biosci/biac031, 2022.06, Abstract

Transformative governance is key to addressing the global environmental crisis. We explore how transformative governance of complex biodiversity–climate–society interactions can be achieved, drawing on the first joint report between the Intergovernmental Panel on Climate Change and the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services to reflect on the current opportunities, barriers, and challenges for transformative governance. We identify principles for transformative governance under a biodiversity–climate–society nexus frame using four case studies: forest ecosystems, marine ecosystems, urban environments, and the Arctic. The principles are focused on creating conditions to build multifunctional interventions, integration, and innovation across scales; coalitions of support; equitable approaches; and positive social tipping dynamics. We posit that building on such transformative governance principles is not only possible but essential to effectively keep climate change within the desired 1.5 degrees Celsius global mean temperature increase, halt the ongoing accelerated decline of global biodiversity, and promote human well-being..
5. Pankaj Koirala, Koji Kotani, Shunsuke Managi, How do farm size and perceptions matter for farmers’ adaptation responses to climate change in a developing country? Evidence from Nepal, Economic Analysis and Policy, 10.1016/j.eap.2022.01.014, 74, 188-204, 2022.06.
6. Moinul Islam, Shunsuke Managi, Valuation of nature’s contribution in Ladakh, India: an inclusive wealth method, Sustainability Science, 10.1007/s11625-021-01030-w, 17, 3, 905-918, 2022.05.
7. Chao Li, Shunsuke Managi, Impacts of air pollution on COVID-19 case fatality rate: a global analysis, Environmental Science and Pollution Research, 10.1007/s11356-021-18442-x, 29, 18, 27496-27509, 2022.04.
8. Xiangdan Piao, Shunsuke Managi, Long-term improvement of psychological well-being in the workplace: What and how, Social Science & Medicine, 10.1016/j.socscimed.2022.114851, 298, 114851-114851, 2022.04.
9. Kenichi Kurita, Shunsuke Managi, COVID-19 and Stigma: Evolution of Self-restraint Behavior, Dynamic Games and Applications, 10.1007/s13235-022-00426-2, 12, 1, 168-182, 2022.03.
10. Mihoko Wakamatsu, Shunsuke Managi, Does spatially targeted information boost the value of ecolabeling seafood? A choice experiment in Japan, Applied Economics, 10.1080/00036846.2022.2056127, 1-14, 2022.03.
11. Xiangdan Piao, Shunsuke Managi, Evaluation of employee occupational stress by estimating the loss of human capital in Japan, BMC Public Health, 10.1186/s12889-022-12751-7, 22, 1, 2022.03, Abstract


Human capital is thought to be a crucial factor that drives economic growth. This study aims to understand the evaluation of the loss of human capital caused by employees’ occupational stress.


In total, 1,021,178 observations for employee occupational stress were collected from 390 companies from 2017 to 2019 in Japan. The original cross-sectional survey contains 11,167 employees with occupational stress and their socioeconomic information in 2015. The relationship between stress and annual income is estimated with polynomial regression, and accumulated human capital loss is estimated. Matching approaches are applied for corporate human capital loss.


The negative association between annual income and employee stress is derived, which indicates that the worse the employees’ stress is, the greater the human capital losses. Importantly, we confirmed that most employees have human capital loss, and on average, for male employees aged 25, the accumulated human capital loss will reach approximately $0.6 million USD by retirement.


For corporations, human capital loss is highly correlated with the number of employees, suggesting that reducing the occupational stress of employees can lead to greater corporate performance..
12. Shunsuke Managi, Mohamed Yousfi, Younes Ben Zaied, Nejah Ben Mabrouk, Béchir Ben Lahouel, Oil price, US stock market and the US business conditions in the era of COVID-19 pandemic outbreak, Economic Analysis and Policy, 10.1016/j.eap.2021.11.008, 73, 129-139, 2022.03.
13. Thierry Yerema Coulibaly, Mihoko Tegawa Wakamatsu, Shunsuke Managi, The use of geographically weighted regression to improve information from satellite night light data in evaluating the economic effects of the 2010 FIFA World Cup, Area Development and Policy, 10.1080/23792949.2022.2030774, 1-19, 2022.03.
14. Béchir Ben Lahouel, Younes Ben Zaied, Shunsuke Managi, Lotfi Taleb, Re-thinking about U: The relevance of regime-switching model in the relationship between environmental corporate social responsibility and financial performance, Journal of Business Research, 10.1016/j.jbusres.2021.11.019, 140, 498-519, 2022.02.
15. Rajesh Kalli, Pradyot Ranjan Jena, Shunsuke Managi, Subsidized LPG Scheme and the Shift to Cleaner Household Energy Use: Evidence from a Tribal Community of Eastern India, Sustainability, 10.3390/su14042450, 14, 4, 2450-2450, 2022.02, Traditional fuels have both environmental and health impacts. The transition from traditional to clean cooking fuel requires significant public policy actions. The Pradhan Mantri Ujjwala Yojana (PMUY) is one of the primary policies launched in India to eradicate energy poverty among households. Past studies have focused on the drivers that motivate rural households to adopt clean energy and identified the bottlenecks for adoption of clean energy in developing countries. PMUY’s success in terms of scale and pace is critical in the national drive to provide access to clean energy fuel to each citizen. The present study focuses on two objectives. First, we investigate the intensity of adoption and refill of LPG under the PMUY scheme. Second, we use household and other demographic characteristics to examine the factors that influence households’ decision on using LPG as a cooking fuel. Empirical results show that rapid growth has been witnessed in the provision of subsidized LPG connections. However, the annual average refill status stands at two LPG cylinders per beneficiary household indicating that the majority of the beneficiaries have failed to refill their LPG cylinders. This imbalance between rapid enrollment of LPG and limited refill among beneficiary households indicate the continued usage of traditional sources of energy for cooking. From the primary survey conducted in the rural tribal communities of Odisha, we observe that household income and education played a significant role in adoption of LPG and continued usage of LPG gas. Additionally, the logit and ordered probit models identify that membership in self-help groups, accessibility and awareness of LPG are the major adoption drivers. In conclusion, policy makers need to address the challenge of refill status among PMUY consumers. Further, educating households on health benefits through SHG and creating accessibility at village level can actively increase the usage of LPG..
16. Béchir Ben Lahouel, Lotfi Taleb, Younes Ben Zaied, Shunsuke Managi, Business case complexity and environmental sustainability: Nonlinearity and optimality from an efficiency perspective, Journal of Environmental Management, 10.1016/j.jenvman.2021.113870, 301, 113870-113870, 2022.01.
17. Akihiro Okuyama, Sunbin Yoo, Junya Kumagai, Alexander Ryota Keeley, Shunsuke Managi, Questioning the Sun: Unexpected emissions implications from residential solar photovoltaic systems, Resources, Conservation and Recycling, 10.1016/j.resconrec.2021.105924, 176, 105924-105924, 2022.01.
18. Chao Li, Shunsuke Managi, Spatial Variability of the Relationship between Air Pollution and Well-being, Sustainable Cities and Society, 10.1016/j.scs.2021.103447, 76, 103447-103447, 2022.01.
19. Dyah Ika Rinawati, Alexander Ryota Keeley, Shutaro Takeda, Shunsuke Managi, A systematic review of life cycle assessment of hydrogen for road transport use, Progress in Energy, 10.1088/2516-1083/ac34e9, 4, 1, 012001-012001, 2022.01, Abstract

This study conducted a systematic literature review of the technical aspects and methodological choices in life cycle assessment (LCA) studies of the use of hydrogen for road transport. More than 70 scientific papers published during 2000–2021 were reviewed, in which more than 350 case studies of the use of hydrogen in the automotive sector were found. Only some studies used hybrid LCA and energetic input–output LCA, whereas most studies addressed attributional process-based LCA. A categorization based on the life cycle scope distinguished case studies that addressed the well-to-tank (WTT), well-to-wheel (WTW), and complete life cycle approaches. Furthermore, based on the hydrogen production process, these case studies were classified into four categories: thermochemical, electrochemical, thermal–electrochemical, and biochemical. Moreover, based on the hydrogen production site, the case studies were classified as centralized, on-site, and on-board. The fuel cell vehicle passenger car was the most commonly used vehicle. The functional unit for the WTT studies was mostly mass or energy, and vehicle distance for the WTW and complete life cycle studies. Global warming potential (GWP) and energy consumption were the most influential categories. Apart from the Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation model and the Intergovernmental Panel on Climate Change for assessment of the GWP, the Centrum voor Milieukunde Leiden method was most widely used in other impact categories. Most of the articles under review were comparative LCA studies on different hydrogen pathways and powertrains. The findings provide baseline data not only for large-scale applications, but also for improving the efficiency of hydrogen use in road transport..
20. Hanmin Dong, Yishuang Liu, Zhihui Zhao, Xiujie Tan, Shunsuke Managi, Carbon neutrality commitment for China: from vision to action, Sustainability Science, 10.1007/s11625-022-01094-2, 2022.01.
21. Moegi Igawa, Shunsuke Managi, Energy poverty and income inequality: An economic analysis of 37 countries, Applied Energy, 10.1016/j.apenergy.2021.118076, 306, 118076-118076, 2022.01.
22. Shigeru Matsumoto, Kenichi Mizobuchi, Shunsuke Managi, Household energy consumption, Environmental Economics and Policy Studies, 10.1007/s10018-021-00331-9, 24, 1, 1-5, 2022.01.
23. Kenta Tanaka, Clevo Wilson, Shunsuke Managi, Impact of feed-in tariffs on electricity consumption, Environmental Economics and Policy Studies, 10.1007/s10018-021-00306-w, 24, 1, 49-72, 2022.01.
24. Danyang Cheng, Qianyu Xue, Klaus Hubacek, Jingli Fan, Yuli Shan, Ya Zhou, D' Maris Coffman, Shunsuke Managi, Xian Zhang, Inclusive wealth index measuring sustainable development potentials for Chinese cities, Global Environmental Change, 10.1016/j.gloenvcha.2021.102417, 72, 102417-102417, 2022.01, The UN Sustainable Development Goals (SDGs) are the blueprint to achieve a better and more sustainable future. To achieve the goal, tracking progress — not just on a national level, but locally — is crucial to guide future policy development. While sustainability assessment at the national level is quite advanced in China, similar assessments focusing at the regional or even at the city-level are currently lacking. Here, we advanced the Inclusive Wealth Index (IWI) framework, which is firstly proposed by the United Nations Development Programme, through taking water wealth into account and adjusting the variable based on data availability. Then we investigate the sustainability performance of 210 cities in China in 2016 via the advanced version of the IWI framework. The analysis makes a holistic assessment based on produced, human, and natural capital, as well as considering heterogeneities in economy, social, and environmental conditions across these cities. We find that cities clustered in the eastern parts of China are characterized by high levels of sustainability performance and increasing capacities for sustainability, largely driven by their high quality and quantity of human capital. In comparison, the western cities have a large amount of low-skilled human capital and low levels of produced capital, which determines their low sustainability performance. Cities clustered in the north are heavily dependent on low value-added products and resource-intensive industries. Furthermore, we make projections of the IWI and its three components for different cities from 2020 to 2030, referring to the index systems presented in city planning which describe the development speed of income, education, fixed asset investment, forests etc. In the future, cities in central and western clusters show considerable potential for increasing IWI per capita, whereas cities with a dominant energy sector in the north would face declining capacity for sustainability due to the exhaustion of fossil fuels and raw materials. By fully taking account of and adapting to local circumstances, we tailor-design pathways for different types of cities to grow their sustainability potentials. Those resources-dependent cities in the north could avoid the impending decline by gradually developing their human and produced capital while abandoning their resource dependency. Our study contributes to city-level sustainable development in China through the lens of per capita IWI and the potential future dynamics of changing compositions in their capital..
25. Younes Ben Zaied, Lotfi Taleb, Béchir Ben Lahouel, Shunsuke Managi, Sustainable Water Demand Management and Incentive Tariff: Evidence From a Quantile-on-Quantile Approach, Environmental Modeling & Assessment, 10.1007/s10666-021-09814-1, 2022.01.
26. Shohei Domon, Mayu Hirota, Tatsuhito Kono, Shunsuke Managi, Yusuke Matsuki, The long-run effects of congestion tolls, carbon tax, and land use regulations on urban CO2 emissions, Regional Science and Urban Economics, 10.1016/j.regsciurbeco.2021.103750, 92, 103750-103750, 2022.01.
27. Mihoko Wakamatsu, Hiroki Nakamura, Shunsuke Managi, The value of whaling and its spatial heterogeneity in Japan, Marine Policy, 10.1016/j.marpol.2021.104852, 135, 104852-104852, 2022.01.
28. Shunsuke Managi, David Broadstock, Jeffrey Wurgler, Green and climate finance: Challenges and opportunities, International Review of Financial Analysis, 10.1016/j.irfa.2021.101962, 79, 101962-101962, 2022.01.
29. Janaki Imbulana Arachchi, Shunsuke Managi, The role of social capital in COVID-19 deaths, BMC Public Health, 10.1186/s12889-021-10475-8, 21, 1, 2021.12, Abstract
The COVID-19 pandemic has shown a continuously increasing trend with a large variation in the number of COVID-19 deaths across countries. In response, many countries have implemented non pharmaceutical methods of intervention, such as social distancing and lockdowns. This study aims to investigate the relationship of four dimensions of social capital (community attachment, social trust, family bond, and security) and several control variables with COVID-19 deaths.

We retrieved data from open access databases and a survey. COVID-19 death-related data were collected from the website “Centre for Systems Science and Engineering (CSSE) at Johns Hopkins University”. Social capital-related data were collected from a large-scale survey that included web-based and face-to-face surveys covering 100,956 respondents across all regions/provinces/states of 37 countries in 2017. Data regarding population density, number of hospital beds, and population aged 65 or older were retrieved from the World Development Indicators (WDIs). Data on country lockdowns were obtained from the website “National responses to the 2019-20 coronavirus pandemic”. Linear regressions were applied to identify the relationship between social capital and COVID-19 deaths.

We found that COVID-19 deaths were associated with social capital both positively and negatively. Community attachment and social trust were associated with more COVID-19 deaths, and family bond and security were associated with fewer deaths. COVID-19 deaths were positively associated with population density, ageing population, and interactions between four dimensions of social capital-related factors and the ageing population. Furthermore, the number of hospital beds and early lockdown policy were negatively associated with COVID-19 deaths.

The results indicate that the role of social capital in dynamically evolving threats, such as the current COVID-19 pandemic, is not always negative or positive. Therefore, people’s behaviour should be changed to support countries’ response to the COVID-19 threat.

30. Shunsuke Managi, Masayuki Jimichi, Chika Saka, Human capital development: Lessons from global corporate data, Economic Analysis and Policy, 10.1016/j.eap.2021.08.013, 72, 268-275, 2021.12.
31. Chao Li, Shunsuke Managi, Contribution of on-road transportation to PM2.5, Scientific Reports, 10.1038/s41598-021-00862-x, 11, 1, 2021.12, Abstract

Fine particulate matter (PM2.5) mainly originates from combustion emissions. On-road transportation is considered one of the primary sources of PM2.5 emission. The relationship between on-road transportation and PM2.5 concentration varies temporally and spatially, and the estimation for this variation is important for policymaking. Here, we reveal the quantitative association of PM2.5 concentration with on-road transportation by the spatial panel Durbin model and the geographical and temporal weighted regression. We find that 6.17 billion kilometres (km) per km2 on-road transportation increase is associated with a 1-μg/m3 county-level PM2.5 concentration increase in the contiguous United States. On-road transportation marginally contributes to PM2.5, only 1.09% on average. Approximately 3605 premature deaths are attributed to PM2.5 from on-road transportation in 2010, and about a total of 50,223 premature deaths ascribe to PM2.5 taking 6.49% from 2003 to 2016. Our findings shed light on the necessity of the county-level policies considering the temporal and spatial variability of the relationship to further mitigate PM2.5 from on-road transportation..
32. Chao Li, Shunsuke Managi, Land cover matters to human well-being, Scientific Reports, 10.1038/s41598-021-95351-6, 11, 1, 2021.12, Abstract

People migrate from rural to urban areas. In the meantime, the benefits of staying in greener areas are also known. People’s preferences might be different by area that is composed of several land types. If so, the effect of particular land cover on human well-being is different spatially. The spatial analysis is required to formulate effective land-use policies. Here we show that urban land, water, and grassland are positively related to human well-being, whereas bare land is negatively associated in Japan. A 1 $${mathrm{m } }^{2}$$ increase in the area of urban land per capita in a city is equivalent to an about 346 USD increase in the individual annual income of all the people in the city. Additionally, monetary values of areas of water, crops, and bare land per capita are 102, − 30, and − 268 $$mathrm{USD}/mathrm{Capita }{mathrm{m } }^{2}$$. Furthermore, the spatial context matters to the relationship between land cover and human well-being. This paper investigates the monetary values of several land types and their spatial variability, which provides insights to make better usage for land cover..
33. Keita Abe, Yusuke Matsuki, Gakushi Ishimura, Shunsuke Managi, Rent distribution in an ex-vessel auction market of fisheries, Marine Policy, 10.1016/j.marpol.2021.104771, 133, 104771-104771, 2021.11.
34. Sunbin Yoo, Junya Kumagai, Shunsuke Managi, Challenges and Opportunities in Climate Economics, Frontiers in Climate, 10.3389/fclim.2021.701818, 3, 2021.11.
35. Kanesh Suresh, Uttam Khanal, Clevo Wilson, Shunsuke Managi, Annette Quayle, Samithamby Santhirakumar, An economic analysis of agricultural adaptation to climate change impacts in Sri Lanka: An endogenous switching regression analysis, Land Use Policy, 10.1016/j.landusepol.2021.105601, 109, 105601-105601, 2021.10.
36. Pradyot Ranjan Jena, Shunsuke Managi, Babita Majhi, Forecasting the CO2 Emissions at the Global Level: A Multilayer Artificial Neural Network Modelling, Energies, 10.3390/en14196336, 14, 19, 6336-6336, 2021.10, Better accuracy in short-term forecasting is required for intermediate planning for the national target to reduce CO2 emissions. High stake climate change conventions need accurate predictions of the future emission growth path of the participating countries to make informed decisions. The current study forecasts the CO2 emissions of the 17 key emitting countries. Unlike previous studies where linear statistical modeling is used to forecast the emissions, we develop a multilayer artificial neural network model to forecast the emissions. This model is a dynamic nonlinear model that helps to obtain optimal weights for the predictors with a high level of prediction accuracy. The model uses the gross domestic product (GDP), urban population ratio, and trade openness, as predictors for CO2 emissions. We observe an average of 96% prediction accuracy among the 17 countries which is much higher than the accuracy of the previous models. Using the optimal weights and available input data the forecasting of CO2 emissions is undertaken. The results show that high emitting countries, such as China, India, Iran, Indonesia, and Saudi Arabia are expected to increase their emissions in the near future. Currently, low emitting countries, such as Brazil, South Africa, Turkey, and South Korea will also tread on a high emission growth path. On the other hand, the USA, Japan, UK, France, Italy, Australia, and Canada will continuously reduce their emissions. These findings will help the countries to engage in climate mitigation and adaptation negotiations..
37. Bingqi Zhang, Wataru Nozawa, Shunsuke Managi, Spatial inequality of inclusive wealth in China and Japan, Economic Analysis and Policy, 10.1016/j.eap.2021.04.014, 71, 164-179, 2021.09.
38. Béchir Ben Lahouel, Lotfi Taleb, Younes Ben Zaied, Shunsuke Managi, Does ICT change the relationship between total factor productivity and CO2 emissions? Evidence based on a nonlinear model, Energy Economics, 10.1016/j.eneco.2021.105406, 101, 105406-105406, 2021.09.
39. Jiayun Dong, Wenyuan Liang, Yimin Fu, Weiping Liu, Shunsuke Managi, Impact of devolved forest tenure reform on formal credit access for households: Evidence from Fujian, China, Economic Analysis and Policy, 10.1016/j.eap.2021.05.011, 71, 486-498, 2021.09.
40. Kenta Tanaka, Shunsuke Managi, Industrial agglomeration effect for energy efficiency in Japanese production plants, Energy Policy, 10.1016/j.enpol.2021.112442, 156, 112442-112442, 2021.09.
41. Sunbin Yoo, Yuta Kawabata, Junya Kumagai, Shunsuke Managi, Insuring Well-being: Psychological Adaptation to Disasters, 10.21203/, 2021.09, Abstract

We examine the impact of life and health insurance spending on subjective well-being. Taking advantage of insurance spending and subjective well-being data on more than 700,000 individuals in Japan, we examine whether insurance spending can buffer declines in subjective well-being due to exposure to mass disaster. We find that insurance spending can buffer drops in subjective well-being by approximately 3–6% among those who experienced the mass disaster of the great East Japan earthquake. Subjective health increases the most, followed by life satisfaction and happiness. On the other hand, insurance spending decreases the subjective well-being of those who did not experience the earthquake by approximately 3–7%. We conclude by monetizing the subjective well-being loss and calculating the extent to which insurance spending can compensate for it. The monetary value of subjective well-being buffered through insurance spending is approximately 33,128 USD for happiness, 33,287 USD for life satisfaction, and 19,597 USD for subjective health for a person in one year. Therefore, we confirm that life/health insurance serves as an ideal option for disaster adaptation. Our findings indicate the importance of considering subjective well-being, which is often neglected when assessing disaster losses..
42. Alexander R. Keeley, Kento Komatsubara, Shunsuke Managi, The value of invisibility: factors affecting social acceptance of renewable energy, Energy Sources, Part B: Economics, Planning, and Policy, 10.1080/15567249.2021.1983891, 1-20, 2021.09.
43. Sunbin Yoo, Alexander Ryota Keeley, Shunsuke Managi, Does sustainability activities performance matter during financial crises? Investigating the case of COVID-19, Energy Policy, 10.1016/j.enpol.2021.112330, 155, 112330-112330, 2021.08.
44. Sajeevani Weerasekara, Clevo Wilson, Boon Lee, Viet-Ngu Hoang, Shunsuke Managi, Darshana Rajapaksa, The impacts of climate induced disasters on the economy: Winners and losers in Sri Lanka, Ecological Economics, 10.1016/j.ecolecon.2021.107043, 185, 107043-107043, 2021.07.
45. Xiangdan Piao, Xinxin Ma, Tetsuya Tsurumi, Shunsuke Managi, Social Capital, Negative Event, Life Satisfaction and Sustainable Community: Evidence from 37 Countries, Applied Research in Quality of Life, 10.1007/s11482-021-09955-1, 2021.07.
46. Xiangdan Piao, Shuichi Tsugawa, Yukie Takemura, Naoko Ichikawa, Ryohei Kida, Keiko Kunie, Shunsuke Managi, Disability weights measurement for 17 diseases in Japan: A survey based on medical professionals, Economic Analysis and Policy, 10.1016/j.eap.2021.02.010, 70, 238-248, 2021.06.
47. David Broadstock, Qiang Ji, Shunsuke Managi, Dayong Zhang, Pathways to carbon neutrality: Challenges and opportunities, Resources, Conservation and Recycling, 10.1016/j.resconrec.2021.105472, 169, 105472-105472, 2021.06.
48. Kanesh Suresh, Clevo Wilson, Uttam Khanal, Shunsuke Managi, Samithamby Santhirakumar, How productive are rice farmers in Sri Lanka? The impact of resource accessibility, seed sources and varietal diversification, Heliyon, 10.1016/j.heliyon.2021.e07398, 7, 6, e07398-e07398, 2021.06.
49. Kanesh Suresh, Clevo Wilson, Annette Quayle, Uttam Khanal, Shunsuke Managi, Which national park attributes attract international tourists? A Sri Lankan case study, Tourism Economics, 10.1177/13548166211019865, 135481662110198-135481662110198, 2021.06, This study assesses how and in what circumstances tourists’ perceived value of nature-based tourism (NBT) attributes differ among various types of national parks. A novel discrete choice experiment is used employing data collected from 343 international tourists in four national parks in Sri Lanka. We find that the improvements in frequency of large species’ encounters, habitat quality and proximity to encountered wildlife produce greater utility. A surprising finding is that tourists are shown to prefer to spend only a limited amount of time at national parks. They also tend to choose less-visited parks that have large mammals for which they would be willing to pay more compared to those national parks that are more frequently visited. Our article contributes to the empirical evidence that time is a key factor that determines the tourism destination choice and less-visited parks offer considerable potential for future growth of tourism..
50. Sunbin Yoo, Shunsuke Managi, Disclosure or action: Evaluating ESG behavior towards financial performance, Finance Research Letters, 10.1016/, 102108-102108, 2021.05.
51. Janaki Imbulana Arachchi, Shunsuke Managi, Preferences for energy sustainability: Different effects of gender on knowledge and importance, Renewable and Sustainable Energy Reviews, 10.1016/j.rser.2021.110767, 141, 110767-110767, 2021.05.
52. Chi Zhang, Shunsuke Managi, Childcare availability and maternal employment: New evidence from Japan, Economic Analysis and Policy, 10.1016/j.eap.2020.11.001, 69, 83-105, 2021.03.
53. Michiyuki Yagi, Shunsuke Managi, Global supply constraints from the 2008 and COVID-19 crises, Economic Analysis and Policy, 10.1016/j.eap.2021.01.008, 69, 514-528, 2021.03.
54. Pradyot Ranjan Jena, Ritanjali Majhi, Rajesh Kalli, Shunsuke Managi, Babita Majhi, Impact of COVID-19 on GDP of major economies: Application of the artificial neural network forecaster, Economic Analysis and Policy, 10.1016/j.eap.2020.12.013, 69, 324-339, 2021.03.
55. Xiangdan Piao, Xinxin Ma, Shunsuke Managi, Impact of the Intra-household Education Gap on Wives’ and Husbands’ Well-Being: Evidence from Cross-Country Microdata, Social Indicators Research, 10.1007/s11205-021-02651-5, 2021.03.
56. Partha Dasgupta, Shunsuke Managi, Pushpam Kumar, The inclusive wealth index and sustainable development goals, Sustainability Science, 10.1007/s11625-021-00915-0, 2021.02.
57. Kurniawan R., Y. Sugiawan S. Managi S.., Economic growth - environment nexus: An analysis based on natural capital in inclusive wealth, Ecological Indicators ,, 120, 106982, 2021.01.
58. Clarence Tolliver, Hidemichi Fujii, Alexander Ryota Keeley, Shunsuke Managi, Green Innovation and Finance in Asia, Asian Economic Policy Review, 10.1111/aepr.12320, 16, 1, 67-87, 2021.01.
59. Junya Kumagai, Mihoko Wakamatsu, Shizuka Hashimoto, Osamu Saito, Takehito Yoshida, Takehisa Yamakita, Keiko Hori, Takanori Matsui, Michio Oguro, Masahiro Aiba, Rei Shibata, Tohru Nakashizuka, Shunsuke Managi, Natural capitals for nature’s contributions to people: the case of Japan, Sustainability Science, 10.1007/s11625-020-00891-x, 2021.01, AbstractRecently, natural capital has gained the attention of researchers and policymakers to promote sustainability. Previous studies have investigated the value of ecosystem services with respect to specific areas or species. Other studies have investigated the value of various types of ecosystem services and natural capital by integrating a number of findings using meta-analyses at the global level. Although these studies have provided information on either the global value of natural capital or the local value of specific subjects, there is little evidence on the country-specific values of natural capital in Japan, which will provide useful information for national environmental policies. We investigated the perceived values of terrestrial and marine natural capital in Japan using internet surveys and payment card methods. Data on various natural forms of capital were collected in a unified format and comparable manner. We found that some explanatory variables, such as perceived importance and visit frequency, as well as sociodemographic characteristics, are significant drivers of the willingness to pay (WTP), which maintains each aspect of natural capital. In addition, we conducted future predictions of terrestrial and marine natural capital using a scenario developed in a previous study. Our results indicate that Japan should follow a population-dispersed scenario for the sustainable management of natural capital up to 2050..
60. Shunsuke Managi, Robert Lindner, Casey C. Stevens, Technology policy for the sustainable development goals: From the global to the local level, Technological Forecasting and Social Change, 10.1016/j.techfore.2020.120410, 162, 120410-120410, 2021.01.
61. Anamika Pandey, Michael Brauer, Maureen L Cropper, Kalpana Balakrishnan, Prashant Mathur, Sagnik Dey, Burak Turkgulu, G Anil Kumar, Mukesh Khare, Gufran Beig, Tarun Gupta, Rinu P Krishnankutty, Kate Causey, Aaron J Cohen, Stuti Bhargava, Ashutosh N Aggarwal, Anurag Agrawal, Shally Awasthi, Fiona Bennitt, Sadhana Bhagwat, P Bhanumati, Katrin Burkart, Joy K Chakma, Thomas C Chiles, Sourangsu Chowdhury, D J Christopher, Subhojit Dey, Samantha Fisher, Barbara Fraumeni, Richard Fuller, Aloke G Ghoshal, Mahaveer J Golechha, Prakash C Gupta, Rachita Gupta, Rajeev Gupta, Shreekant Gupta, Sarath Guttikunda, David Hanrahan, Sivadasanpillai Harikrishnan, Panniyammakal Jeemon, Tushar K Joshi, Rajni Kant, Surya Kant, Tanvir Kaur, Parvaiz A Koul, Praveen Kumar, Rakesh Kumar, Samantha L Larson, Rakesh Lodha, Kishore K Madhipatla, P A Mahesh, Ridhima Malhotra, Shunsuke Managi, Keith Martin, Matthews Mathai, Joseph L Mathew, Ravi Mehrotra, B V Murali Mohan, Viswananthan Mohan, Satinath Mukhopadhyay, Parul Mutreja, Nitish Naik, Sanjeev Nair, Jeyaraj D Pandian, Pallavi Pant, Arokiasamy Perianayagam, Dorairaj Prabhakaran, Poornima Prabhakaran, Goura K Rath, Shamika Ravi, Ambuj Roy, Yogesh D Sabde, Sundeep Salvi, Sankar Sambandam, Bhavay Sharma, Meenakshi Sharma, Shweta Sharma, R S Sharma, Aakash Shrivastava, Sujeet Singh, Virendra Singh, Rodney Smith, Jeffrey D Stanaway, Gabrielle Taghian, Nikhil Tandon, J S Thakur, Nihal J Thomas, G S Toteja, Chris M Varghese, Chandra Venkataraman, Krishnan N Venugopal, Katherine D Walker, Alexandrea Y Watson, Sarah Wozniak, Denis Xavier, Gautam N Yadama, Geetika Yadav, D K Shukla, Hendrik J Bekedam, K Srinath Reddy, Randeep Guleria, Theo Vos, Stephen S Lim, Rakhi Dandona, Sunil Kumar, Pushpam Kumar, Philip J Landrigan, Lalit Dandona, Health and economic impact of air pollution in the states of India: the Global Burden of Disease Study 2019, The Lancet Planetary Health, 10.1016/s2542-5196(20)30298-9, 5, 1, e25-e38, 2021.01, Background
The association of air pollution with multiple adverse health outcomes is becoming well established, but its negative economic impact is less well appreciated. It is important to elucidate this impact for the states of India.
We estimated exposure to ambient particulate matter pollution, household air pollution, and ambient ozone pollution, and their attributable deaths and disability-adjusted life-years in every state of India as part of the Global Burden of Disease Study (GBD) 2019. We estimated the economic impact of air pollution as the cost of lost output due to premature deaths and morbidity attributable to air pollution for every state of India, using the cost-of-illness method.
1·67 million (95% uncertainty interval 1·42–1·92) deaths were attributable to air pollution in India in 2019, accounting for 17·8% (15·8–19·5) of the total deaths in the country. The majority of these deaths were from ambient particulate matter pollution (0·98 million [0·77–1·19]) and household air pollution (0·61 million [0·39–0·86]). The death rate due to household air pollution decreased by 64·2% (52·2–74·2) from 1990 to 2019, while that due to ambient particulate matter pollution increased by 115·3% (28·3–344·4) and that due to ambient ozone pollution increased by 139·2% (96·5–195·8). Lost output from premature deaths and morbidity attributable to air pollution accounted for economic losses of US$28·8 billion (21·4–37·4) and $8·0 billion (5·9–10·3), respectively, in India in 2019. This total loss of $36·8 billion (27·4–47·7) was 1·36% of India's gross domestic product (GDP). The economic loss as a proportion of the state GDP varied 3·2 times between the states, ranging from 0·67% (0·47–0·91) to 2·15% (1·60–2·77), and was highest in the low per-capita GDP states of Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, and Chhattisgarh. Delhi had the highest per-capita economic loss due to air pollution, followed by Haryana in 2019, with 5·4 times variation across all states.
The high burden of death and disease due to air pollution and its associated substantial adverse economic impact from loss of output could impede India's aspiration to be a $5 trillion economy by 2024. Successful reduction of air pollution in India through state-specific strategies would lead to substantial benefits for both the health of the population and the economy..
62. Nguyen T., T. Nguyen, V. Le, S. Managi, U. Grote.., Reported Weather Shocks and Rural Household Welfare: Evidence from Panel Data in Northeast Thailand and Central Vietnam, Weather and Climate Extremes,, 30, 100286, 2020.12.
63. Shahen M., Kotani K., Kakinaka M., Managi  S.., Wage and labor mobility between public, formal private and informal private sectors in a developing country,  Economic Analysis and Policy,, 68, 101-113, 2020.12.
64. Konishi Y., Managi S.., Do Regulatory Loopholes Distort Technical Change? Evidence from New Vehicle Launches under the Japanese Fuel Economy Regulation, Journal of Environmental Economics and Management ,, 104, 102377, 2020.11.
65. Yoo S., Managi S.., Global Mortality Benefits of COVID-19 Action, Technological Forecasting & Social Change,, 160, 120231, 2020.11.
66. Tetsuya Tsurumi, Rintaro Yamaguchi, Kazuki Kagohashi, Shunsuke Managi, Attachment to Material Goods and Subjective Well-Being: Evidence from Life Satisfaction in Rural Areas in Vietnam, Sustainability, 10.3390/su12239913, 12, 23, 9913-9913, 2020.11, In our daily lives, some people tend to use the same material goods more extensively than other people. It would appear that people like this consume fewer material inputs, other things being equal. Our research question is whether they are also happier in terms of life satisfaction. To study this, we first hypothesized that they are happier due to the endowment effect, prosocial or pro-environmental motivations, or income and substitution effects. We show that income and substitution effects are positive for people who use products for longer. Using a reduced form model that incorporates these four effects together, and empirical data originally collected from rural areas in Vietnam, we divide consumption into material consumption and residual consumption and demonstrate that, in general, increased material consumption is not associated with increased well-being; however, for those who take better care of their possessions, this effect is reversed, and material consumption does increase well-being. Our study shows that for people who take better care of their possessions, increased consumption is linked to increased well-being. This finding has a useful policy implication for developing countries to improve their well-being by promoting economic growth alongside responsible consumption..
67. Sunbin Yoo, Shunsuke Managi, Lockdowns Save People from Air Pollution: Evidence from Daily Global Tropospheric NO2 Satellite Data, Sustainability, 13, 21, 11777-11777, 2020.11.
68. Morita T., Managi S.. , Autonomous Vehicles: Willingness to Pay and the Social Dilemma, Transportation Research Part C,, 119, 102748, 2020.10.
69. Tetsuya Tsurumi, Rintaro Yamaguchi, Kazuki Kagohashi, Shunsuke Managi, Are Cognitive, Affective, and Eudaimonic Dimensions of Subjective Well-Being Differently Related to Consumption? Evidence from Japan, Journal of Happiness Studies, 10.1007/s10902-020-00327-4, 2020.10, AbstractIn this study, we investigate the relationship between consumption and subjective well-being (SWB). There is clear evidence in the literature that the income–SWB relationship depends on the SWB measure, but the reasons are not fully clear yet; however, the main reason may be related to consumption because most income is used for that. This study is the first to examine directly whether the consumption–SWB relationship differs between affective, cognitive, and eudaimonic SWB measures. We adopt the following four SWB indices: life satisfaction, the Cantril ladder, affect balance, and eudaimonia. In addition, on the consumption side, we consider both material and relational consumption. Nonparametric analysis of our uniquely collected survey results in Japan suggests that total consumption contributes to cognitive measures of SWB and eudaimonia, while there is a certain threshold for affective measures. However, once material versus relational consumption is considered in total consumption, we find that relational consumption contributes to any SWB measure without clear upper bounds, while material consumption contributes to all SWB measures only to certain thresholds. Our results also show that the marginal effects of total consumption, material consumption, and relational consumption on cognitive measures of SWB and eudaimonia are greater than on affective measures. In addition, our results show that the marginal effects of relational consumption tend to be greater than those of material consumption for all SWB indices. Based on the findings, we expect relational consumption to be key for improving well-being..
70. George Halkos, Shunsuke Managi, Kyriaki Tsilika, Ranking Countries and Geographical Regions in the International Green Bond Transfer Network: A Computational Weighted Network Approach, Computational Economics, 10.1007/s10614-020-10051-z, 2020.10.
71. Chu Wei, Andreas Löschel, Shunsuke Managi, Recent advances in energy demand research in China, China Economic Review, 10.1016/j.chieco.2020.101517, 63, 101517-101517, 2020.10.
72. Hiroki Nakamura, Shunsuke Managi, Why does perceive safety endure in crime hotspots? Case of Delhi, Safer Communities, 10.1108/sc-02-2020-0006, 19, 4, 183-198, 2020.10,
Using a case study from Delhi, India, this study aims to investigate why perceived safety endures despite crimes in the neighborhood. Local residents in Delhi feel considerably less fearful of crime in their neighborhoods, and a majority reported feeling safe in their neighborhoods, especially during the daytime.

This paper hypothesized that similar to the crime itself, perceptions of safety or the fear of crime, also tend to be concentrated in hotspots. Following a hotspot analysis based on the respondents’ perceptions of safety, the data gathered were applied to the perceived neighborhood structure. Using two perception-of-safety models, this paper could analyze the ripple effect of individual perception on the neighborhood by adding the calculated values of the perceived safety hotspot through hotspot analysis.

The results indicated that income, trust in others, attachment to the local neighborhood and police access can increase residents’ perceptions of safety. Additionally, the neighborhoods’ perception of safety was found to positively impact the individual’s perception of safety.

Research limitations/implications
This study was limited in terms of generalizing the findings. Further studies could potentially include not only other cities in India but also, cities in developing countries in Africa and Latin America, where residents tend not to fear crime despite high crime rates.

Practical implications
Residents’ perceived safety does not necessarily reflect local crimes and security. Local policies to improve residents’ perceptions of safety have to often be separated from crime reduction because a reduction in some crimes would not necessarily improve residents’ perception of safety. Contrarily, if the crime rate is high, as in the case of Delhi, people may have a moderate fear of crime across the neighborhood.

Notably, this study found that, along with trust in others and attachment to the local neighborhood, individuals’ perception of safety is positively affected by neighborhoods’ perception of safety, which is assessed by the alternate analytic model.

73. Clevo Wilson, Wasantha Athukorala, Benno Torgler, Robert Gifford, Maria A. Garcia-Valiñas, Shunsuke Managi, Willingness to pay to ensure a continuous water supply with minimum restrictions, Empirical Economics, 10.1007/s00181-020-01955-8, 2020.10.
74. Katafuchi Y., Kurita K., Managi S.., COVID-19 with stigma: Theory and evidence from mobility data, Economics of Disasters and Climate Change,, 2020.09.
75. Coulibaly Thierry Yerema, Mihoko Wakamatsu, Moinul Islam, Fukai Hiroki, Shunsuke Managi, Bingqi Zhang., Differences in Water Policy Efficacy across South African Water Management Areas, Ecological Economics, 10.1016/j.ecolecon.2020.106707, 175, 2020.09, The legacy of the inequitable water policy under apartheid continues to impact water services in economically less developed and rural areas in South Africa. Previous studies typically examine this relationship either by using aggregated data at the national level for large-scale research or by using data collected at the provincial or municipal level only for a specific locality. This study attempts to perform nationwide analysis using fine-scale data to give a spatial representation of the efficacy of water policies in South Africa. We used satellite night-time light data as a proxy of economic development and surface water quality at a quaternary water area level to investigate any income or racial inequality regarding water pollution, controlling for the spatial dependency of the observations. We found a spatial discrepancy in the relationship between water quality and economic development: economic development improves water quality in western provinces and in former white-dominated areas, whereas it generally degrades water quality in other regions of the country. These results suggest the inability of the government to equitably provide the same standards of water policies nationwide and the presence of inequitable policies as legacies of apartheid at the lowest level of water policy implementation..
76. Hiroki Nakamura, Shunsuke Managi., Entrepreneurship and marginal cost of CO2 emissions in economic development, Economic Analysis and Policy, 10.1016/j.eap.2020.05.004, 67, 1-14, 2020.09, Previous research separately considers entrepreneurship, environmental quality, or environmental value in the economic development process. This study aims to elucidate the relationship between entrepreneurial activities and environmental load (focusing on CO2) by analyzing global data. Its major contribution is the addition of the entrepreneurship factor in the relationship, not only between entrepreneurship and environment but also among economic development, entrepreneurship, and environment with economic value, by calculating marginal cost. To calculate the marginal cost, the directional distance function is introduced, and the entrepreneurship factor is added to the production function in this calculation. The results show a U-shaped relationship between entrepreneurship and the marginal cost of CO2 emissions in economic development. While an advanced country such as Japan has a median level of marginal cost of CO2, countries such as China, which have low levels of CO2 abatement, have higher rates of entrepreneurial activity. For countries positioned close to the turning point, further promotion of environmental and social entrepreneurship through technological innovation will help achieve greater sustainable progress; this is vital for future sustainable development..
77. Nakamura H., Managi S.., Airport risk of importation and exportation of the COVID-19 pandemic, Transport Policy ,, 96, 40-47, 2020.09.
78. Rajapaksa D., Gono M., Wilson C., Managi S., Lee B., Hoang V.. , The demand for education: The impacts of good schools on property values in Brisbane, Australia, Land Use Policy,, 97, 104748, 2020.09.
79. Le M., Hoang V., Wilson C., Managi S.. , Net stable funding ratio and profit efficiency of commercial banks in the US, Economic Analysis and Policy,, 67, 55-66, 2020.09.
80. Tsurumi T., Managi S.., Health-related and non-health-related effects of PM2.5 on life satisfaction: Evidence from India, China and Japan, Economic Analysis and Policy,, 67, 114-123, 2020.09.
81. Noy I., Managi S.., It’s Awful, Why Did Nobody See it Coming?, Economics of Disasters and Climate Change,, 4, 429-430, 2020.09.
82. Onuma H., Shin K.J., Managi S.. , Short-, Medium-, and Long-Term Growth Impacts of Catastrophic and Non-catastrophic Natural Disasters, Economics of Disasters and Climate Change ,, 2020.09.
83. Alexander Ryota Keeley, Ken’ichi Matsumoto, Kenta Tanaka, Yogi Sugiawan, Shunsuke Managi, The Impact of Renewable Energy Generation on the Spot Market Price in Germany: Ex-Post Analysis using Boosting Method, The Energy Journal, 10.5547/01956574.41.si1.akee, 41, 01, 2020.09.
84. Imamura K, Takano T., Kumagai N.H., Yoshida Y., Yamano H., Fujii M., Nakashizuka T., Managi S.., Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information, Ecosystem Services,, 101166, 2020.08.
85. Dong J., Liang W., Liu W., Liu J., Managi S.. , Does forestland possession enhance households’ access to credit?—Examining China’s forestland mortgage policy”, Economic Analysis and Policy, 68, 78-87, 2020.08.
86. Clarence Tolliver, Alexander Ryota Keeley, Shunsuke Managi, Policy targets behind green bonds for renewable energy
Do climate commitments matter?, Technological Forecasting and Social Change, 10.1016/j.techfore.2020.120051, 157, 2020.08, Green bond markets are expanding precipitously and proceeds are increasingly being allocated to renewable energy. There is a gap in the empirical literature on the policies affecting green bond finance for the renewable energy assets critical to achieving Paris Agreement emissions reduction targets. To assess the impact that Nationally Determined Contributions (NDCs) to the Paris Agreement have on green bond finance for renewable energy, this study employed a difference-in-differences (DiD) analysis using an original panel dataset of $25 billion in green bond proceeds allocations in 66 countries between 2008 and 2017. An original normalized index of NDC robustness was constructed to measure unique NDC impacts on green bond disbursements to renewable energy. The results are the first to show that in the years following their submission in 2015, comparatively stringent NDCs demonstrated large positive impacts on green bond allocations to renewable energy with 99% statistical significance. These findings suggest that beyond conventional economic policy supports, climate commitments can drive global emissions reductions by inciting greater green bond finance for the renewable energy projects vital to achieving emissions reduction targets..
87. Obara T., Tsugawa S., Managi S.., λ Envy-free Pricing for Impure Public Good,  Economic Theory Bulletin,, 2020.08.
88. Kumar S., Managi S.., Does stringency of lockdown affect air quality? Evidence from Indian cities, Economics of Disasters and Climate Change,, 4, 481-502, 2020.08.
89. Shunsuke Managi, Interview with Sir Partha Dasgupta, Environmental Economics and Policy Studies, 10.1007/s10018-020-00276-5, 22, 3, 339-356, 2020.07, The following is an edited transcript of an interview conducted on September 26th, 2018, with Professor Partha Dasgupta, the Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom, while he was visiting Kyushu University to deliver the plenary talk to the 2018 World Social Science Forum by the International Social Science Council hosted by Kyushu University..
90. Kumagai J., Wakamatsu M., Managi S.., Do commuters adapt to in-vehicle crowding on trains?, Transportation, 2020.07.
91. Thierry Coulibaly, Moinul Islam, Shunsuke Managi, The Impacts of Climate Change and Natural Disasters on Agriculture in African Countries, Economics of Disasters and Climate Change, 10.1007/s41885-019-00057-9, 4, 2, 347-364, 2020.07.
92. Piao X., Ma X., Zhang C., Managi S.. , Impact of Gaps in the Educational Levels between Married Partners on Health and a Sustainable Lifestyle: Evidence from 32 Countries, Sustainabilit,, 12, 11, 4623, 2020.06.
93. Dayong Zhang, Shunsuke Managi, Financial development, natural disasters, and economics of the Pacific small island states, Economic Analysis and Policy, 10.1016/j.eap.2020.04.003, 66, 168-181, 2020.06, Natural disasters have become more frequent and devastating as a result of global climate change in recent years. The economic impacts of natural disasters are significant and more relevant to small island states, given their location and size of economy. This paper studies Pacific small island states and investigates how natural disasters affect sustainable development in these states, with a highlight on the role of financial development in alleviating the negative impacts of natural disasters on the local economic growth. We empirically estimate the direct and indirect roles of financial development on these states and explicitly distinguish the economic effects from a battery of measures of financial development. A more important role played by internal financing factors than by external financing sources is found, which suggest that enhancing internal financing capabilities can help these states better use financial resources and build disaster resilience more effectively. Relevant policy suggestions are proposed based on these findings..
94. Wang Jingyu, Bai Yuping, Wurihan Yihzong, Li Zhihui, Deng Xiangzheng, Moinul Islam, Shunsuke Managi, Measuring inclusive wealth of China
Advances in sustainable use of resources, Journal of Environmental Management, 10.1016/j.jenvman.2020.110328, 264, 2020.06, The inclusive wealth approach is increasingly common to measure the sustainable development of the countries. It comprised the natural, human and produced capital of nations to measure social wellbeing. We measure the inclusive wealth of the provinces in China from 2000 to 2015 and reports the sustainable use of the resources. We identify that three types of capital have increased to varying degrees, with produced capital increasing by 615.6%, natural capital increasing by 33.8%, and human capital increased by 337.0%. The total amount of inclusive wealth has increased by 300.4% in the past 15 years. However, the provinces in China are still facing unbalanced development across the country compared to developed nations. The use of the natural capital, more specifically now-renewable resources, has been restricting the wealth growth in some provinces. Although ecological services account for a small proportion of the total inclusive wealth, more attention is essential for sustainable development. Meanwhile, the rapid growth of carbon damages posed threat to future wealth accumulation. Innovative, coordinated, green, open and shared development are the goals of China 13th and 14th five-year plan and our inclusive wealth of China will be key measurement tool of this achievement..
95. Yagi M., Kagawa S., Managi S., Fujii H., Guan D.., Supply Constraint from Earthquakes in Japan in Input-Output Analysis, Risk Analysis: An International Journal,, 2020.06.
96. Zhang B., Nozawa W., Managi S.., Sustainability measurements in China and Japan: an application of the inclusive wealth concept from a geographical perspective, Regional Environmental Change,, 20, 65, 2020.05.
97. Hiroki Nakamura, Shunsuke Managi, Effects of subjective and objective city evaluation on life satisfaction in Japan, Journal of Cleaner Production, 10.1016/j.jclepro.2020.120523, 256, 2020.05, Assessing a city's development processes and evaluating city performance in terms of relevant dimensions of sustainability has become a key focus of literature, given the policy implications. Although organizations and governments agree on the importance of evaluating performance and sustainability of cities and use evaluations to improve citizens’ living environments, indicators included in these evaluations vary, and subjective evaluation results have not always been considered along with objective evaluation. Subjective citizen satisfaction is an important metric in evaluating cities, as efforts to improve city performance ultimately impact the comfort of city inhabitants. However, the relationship between objective city evaluation indicators and citizen satisfaction with city performance is complex. Large-scale survey data, as collected by the authors of the present study, enable the calculation of subjective city evaluations in Japan using the same evaluation factors. In this study, the distribution patterns of subjective and objective city evaluation indicators with the average life satisfaction indicator (5-point scale) were compared at the municipality level in Japan. Results showed that although the subjective city evaluation indicator is more positively associated with the life satisfaction indicator at the city level than the objective city evaluation indicator, the environmental aspect of objective indicators is negatively associated with the subjective city evaluation indicator; additionally, economic aspects of objective indicators are negatively associated with life satisfaction indicators, with statistical significance. This reveals that objective city evaluation is not always positively related to subjective city evaluation and life satisfaction..
98. Managi S., Halkos G.., Natural Capital and Ecosystem Service: Sustainable Forest Management and Climate Change, Journal of Forest Economics, 10.1561/112.00000514, 35(2-3), 103-106, 2020.03.
99. Athukorala W., Karunarathna M., Wilson C., Managi S.. , Conservation of Genetic Resources of Crops: Farmer Preferences for Banana Diversity in Sri Lanka, Journal of Forest Economics,  10.1561/112.00000513, 35(2), 177-206, 2020.03.
100. Chi Zhang, Shunsuke Managi, Functional social support and maternal stress
A study on the 2017 paid parental leave reform in Japan, Economic Analysis and Policy, 10.1016/j.eap.2019.12.001, 65, 153-172, 2020.03, This study investigates how paid parental leave (PPL) can supplement functional social support and affect maternal stress in a context of undersupplied childcare support. A Japanese PPL reform implemented in 2017 improves functional social support by entitling an additional 6-month extendable PPL period to parents with childcare arrangement difficulties, making the maximum length of the postpartum job-protected leave period increased from 18 months to 24 months. We explore the stress-relief effect of being eligible for the new entitlement using an observational dataset originally collected before and after the policy intervention. We construct a policy-relevant sample and a policy-irrelevant sample of mothers with regular employment based on the eligibility conditions of the new entitlement and balance the pre- and postintervention cohorts using coarsened exact matching. The policy effect is identified by comparing the pre- and postintervention maternal stress of balanced policy-relevant observations; the unconfoundedness assumption, which validates the identification strategy, is tested by analyzing the policy-irrelevant sample. The results indicate that being eligible for the additional PPL period has a relief effect on maternal low-level stress, and the effect is more pronounced for married mothers from medium–high household income families; the eligibility is found to have a null effect on maternal high-level stress..
101. Maruta S., Kitsuki A., Managi S.., Perceived Arrival Time of Disaster Relief Supplies Matters for Household Preparedness for Natural Disasters, Economics of Disasters and Climate Change ,, 4, 365-384, 2020.02.
102. Kenta Tanaka, Isamu Matsukawa, Shunsuke Managi, An experimental investigation of bilateral oligopoly in emissions trading markets, China Economic Review, 10.1016/j.chieco.2019.101349, 59, 2020.02, Market power in emissions trading has been extensively investigated because emerging markets for tradable emissions permits, such as the European Union's Emissions Trading Scheme (ETS), can be dominated by relatively few large sellers or buyers. Previous studies on market power in emissions trading have assumed the existence of a subset of competitive players. However, a key feature of emissions trading markets is that emissions permits are often traded by a small number of large sellers and buyers. Using a laboratory experiment, our objective in this paper is to test the performance of an emissions trading market utilizing a double auction in a bilateral oligopoly. Our results suggest that the theoretical bilateral oligopoly models can better describe market outcomes of emissions trading. The effects of the slope of the marginal abatement cost function on market power in laboratory experiments are found to be consistent with those predicted by the theoretical bilateral oligopoly model. How market power is exercised depends on the curvature of the abatement cost function. If the marginal abatement cost function of buyers (sellers) is less steep than that of sellers (buyers), the price of permits is lower (higher) than that under perfect competition. This is because the market power of buyers (sellers) exceeds that of sellers (buyers). The price of permits is close to the perfect competitive price when all traders have the sameslope of the marginal abatement cost function..
103. Surender Kumar, Shunsuke Managi, Rakesh Kumar Jain, CO2 mitigation policy for Indian thermal power sector
Potential gains from emission trading, Energy Economics, 10.1016/j.eneco.2019.104653, 86, 2020.02, This study shows potential cost savings by adoption of emission trading in India. At the Paris Agreement, India pledged to reduce CO2 emissions intensity by about 30–35% by 2030 relative to 2005. Applying joint production function of electricity and CO2 emissions, we find that India could have saved about US$ 5 to 8 billion, if she had constituted an emission trading system, with the provision of banking and borrowing over the study period of 5 years. To our knowledge, this is the first study measuring foregone gains due to absence of a nationwide carbon emission-trading program in coal fired thermal power sector, using an ex-post analysis..
104. Jumbri I. A, Managi S. , Inclusive Wealth with Total Factor Productivity: Global Sustainability Measurement, Global Sustainability, 3, e5, 2020.01.
105. Shanaka Kariyawasam, Clevo Wilson, Liyanage Ishara Madhubhashini Rathnayaka, Kokila Gayashi Sooriyagoda, Shunsuke Managi, Conservation versus socio-economic sustainability
A case study of the Udawalawe National Park, Sri Lanka, Environmental Development, 10.1016/j.envdev.2020.100517, 2020.01, National parks have been used over the years as a model for preserving and conserving plants and animals. Governments also use parks as a tool for rural poverty elimination. Although national parks have been located in the living and working environments of local residents, the surrounding communities are typically not allowed to gain substantial benefits. This can lead to unsustainable practices including over extraction of park resources and illegal use of parks’ natural assets. In light of these issues this paper firstly examines the role of national parks in ensuring socio-economic sustainability. Secondly, it examines the level of local participation and inclusiveness through a case study of the Udawalawe National Park. A value chain-based methodology is employed to estimate the local economic share of the park value chain. Results indicate that factors affecting inclusiveness such as human capital, financial capital, social capital, gender, location, level of complementarity between tourism and local livelihoods, and absence of endogenous growth policies have limited both local participation and their share in a park's value chain. This indicates the need for revenue sharing and integrated tourism cluster development programmes to offset costs and risks of locals, and to improve local attitudes towards conservation..
106. Clarence Tolliver, Alexander Ryota Keeley, Shunsuke Managi, Drivers of green bond market growth
The importance of Nationally Determined Contributions to the Paris Agreement and implications for sustainability, Journal of Cleaner Production, 10.1016/j.jclepro.2019.118643, 244, 2020.01, Green bonds are increasingly being applied to finance emissions reductions, sustainable development, and other cleaner production investments conducive to reaching the 2 °C temperature target of the Paris Agreement. As their markets are relatively nascent, there is a gap in the empirical literature on the drivers of green bond market growth. To assess the impact that capital market growth drivers and Nationally Determined Contributions to the Paris Agreement have on green bond issuance volumes as indicators of market growth, this study employed a structural equation model using a panel dataset of over $300 billion in green bonds issued in 49 countries between 2007 and 2017. This is the first econometric study to demonstrate unique drivers of green bond market growth in addition to factors that similarly affect conventional bond market growth. This is also the first study to construct a normalized index of Nationally Determined Contributions robustness scores to measure their impacts on green bond market growth. Macroeconomic latent factors exerted three times the total influence exerted by institutional latent factors. Institutional effects are positive and indirect, while OECD membership impacts were small and statistically insignificant. Nationally Determined Contributions scores exerted the largest positive and statistically significant impacts among observed variables. These results suggest that Nationally Determined Contributions and other macroeconomic and institutional factors are driving growing green bond issuances that will finance climate and sustainability investments through the future. They also highlight the need for broader examinations of the determinants of green bond issuances as investment vehicles for sustainable outcomes..
107. Jun Xie, Wataru Nozawa, Shunsuke Managi, The role of women on boards in corporate environmental strategy and financial performance
A global outlook, Corporate Social Responsibility and Environmental Management, 10.1002/csr.1945, 2020.01, This study examines the impact of board gender diversity on corporate environmental strategy and financial performance. Based on 12 corporate environmental policies in 3,389 firms worldwide, we identified four types of corporate environmental strategies by using the latent class regression model: an inactive strategy, a reactive strategy, a pollution prevention strategy, and a sustainable development strategy. The empirical evidence shows that women on boards (WoB) contribute to the promotion of proactive environmental strategies, including the pollution prevention strategy, which is found to bring about sustained competitive advantage in both short-term and long-term financial performance, and the sustainable development strategy, which is positively associated with long-term financial performance. Following the natural resource-based view of the firm, these findings indicate that WoB can be seen as a key resource in the organizational process, which provides a shared vision of the future and strong moral leadership to the top management team..
108. Winkler W., Behling N., Behling T., Managi S., Williams M.C.., Options for Natural Gas and Methane Including Fuel Cell Utilization in a Sustainable Energy Infrastructure, ECS Transactions, 96, 1, 81-105, 2020.01.
109. Broadstock, David C, Managi, Shunsuke, Introduction to the Special Issue on "Competition in the Electricity Sector, The Energy Journal, 1, 41, 1-3, 2020.01.
110. Tamaki T., Nozawa W.,  Managi S. , Controlling CO2 emissions for each area in a region: The case of Japan, Carbon Balance and Management, 14, 19, 2019.12.
111. Jumbri I. A., Ikeda S., M. J., Saka C., Managi S. , Inequality of Health Stock and the relation to National Wealth , International Journal for Equity in Health, 18, 188, 2019.12.
112. Yamamura E., Managi S., Tsutsui Y. , Male Pupils Taught by Female Homeroom Teachers show a Higher Preference for Corporate Social Responsibility in Adulthood, Journal of The Japanese and International Economies, 54, 101048, 2019.12.
113. Higa K., Nonaka R., Tsurumi T. , Managi S. , Migration and Human Capital: Evidence from Japan, Journal of The Japanese and International Economies , 54, 101051, 2019.12.
114. Nozawa W., Managi S. , Financial Constraints of Firms and Bank Characteristics, Economic Analysis and Policy , 64, 302-316, 2019.12.
115. Kumagaya J., Managi S.., Environmental Behaviour and Choice of Sustainable Travel Mode in Urban Areas, Production Planning & Control,, 31, 920-931, 2019.12.
116. Political economy of voluntary approaches: A lesson from environmental policies in Japan
© 2019 Economic Society of Australia, Queensland In this paper, we attempt to identify the reasons behind the differences in environmental policy between Japan and other developed countries, particularly the US. Japan's environmental policy is unique in that voluntary approaches have been taken to reduce total emissions. This strategy is quite different from the traditional approach of heavy-handed regulation. In Japan, voluntary approaches are conducted through negotiations with polluters. The idea behind this type of voluntary approaches is that the government can induce polluters to abate emissions voluntarily by using light-handed regulations and the threat of heavy-handed regulations. The light-handed regulation is quite effective especially when it is costly to introduce heavy-handed regulations, although the negotiations are difficult to conduct when the number of stakeholders is large. To strengthen our analysis, we provide some examples of Japanese environmental policies which are successful and the ones that are not..
117. Athukorala W., Karunarathna M., Wilson C., Managi S. , Household Demand for Electricity: the Role of Market Distortions and Prices in Competition Policy, Energy Policy, 134, 11093, 2019.11.
118. Sugiawan Y., Managi S., Public Acceptance of Nuclear Power Plants in Indonesia: Portraying the Role of a Multilevel Governance System, Energy Strategy Reviews, 26, 100427, 2019.11.
119. Rajapaksa D., Gifford R., Torgler B., Garcia-Valiñas M., Athukorala W., Managi S., Wilson C., Do Monetary and Non-monetary Incentives Influence Environmental Attitudes and Behavior? Evidence from an Experimental Analysis,  Resources, Conservation & Recycling, 149, 168-176, 2019.10.
120. Managi S. , Is Japan’s Commercial Whaling Doomed?, Nature , 573, 34, 2019.09.
121. Khanal U., Wilson C., Lee B., Hoang V., Managi S. , Influence of Payment Modes on Farmers’ Contribution to Climate Change Adaptation: Understanding Differences using a Choice Experiment in Nepal,  Sustainability Science , 14(4), 1027-1040, 2019.07.
122. Jiandong Chen, Chong Xu, Shunsuke Managi, Malin Song, Energy-carbon performance and its changing trend
An example from China's construction industry, Resources, Conservation and Recycling, 10.1016/j.resconrec.2019.03.014, 379-388, 2019.06, Understanding energy-carbon performance (ECP) and its intrinsic characteristics is important for energy saving and emissions reduction in the construction industry. However, few studies have focused on energy or carbon performance simultaneously and their pattern over time. To address this gap, this study investigated the ECP in China's construction industry and its convergence characteristics across various provinces. We first constructed an ECP index (ECPI) using non-radical directional distance functions for the construction industry during 2003–2016. We then analyzed the convergence of ECPI using the convergence method proposed by Phillis and Sul (2007). The results showed that the overall ECPI was generally stable with some fluctuations over the sampling period, and there was no evidence to support the occurrence of convergence in the ECPI across the sample set. Furthermore, two club convergences of ECPI were recorded. Finally, we propose valuable suggestions for policymakers based on empirical results..
123. Moinul Islam, Shunsuke Managi, Green growth and pro-environmental behavior
Sustainable resource management using natural capital accounting in India, Resources, Conservation and Recycling, 10.1016/j.resconrec.2019.02.027, 126-138, 2019.06, The natural capital (NC) of India and its management system are essential conditions of the welfare path to the sustainable development of the country. We conduct an accounting process for India's NC to measure sustainability to ensure that future generations will have the equal total wealth per capita accessible to them as that available to the present generation. We then describe the combination of the renewable and non-renewable NC that is relevant within the concepts of welfare and sustainability. First, we note that India has successful forestation, which has enhanced welfare for its residents. However, the other renewables (e.g., cropland, fishery) and non-renewables (e.g., fossil fuels, minerals) are continuously degraded as a result of economic development and population growth. Second, we discuss the correlation between sustainable resource management and pro-environmental behavior (PEB) and explain the importance of considering these factors to achieve green growth. Third, to provide practitioners with useful information on how to promote PEB and to discover the determinants of PEB, we analyze the survey data of 5,200 respondents from all Indian states. We identify that environmental knowledge is an important determinant of individuals’ PEB in India. In the policy analysis, we evaluate the challenges to achieving sustainable development goals (SDGs) using NC accounting in India. We recommend several policy implications to maintain NC at a sustainable level and to achieve SDGs..
124. Keisaku Higashida, Kenta Tanaka, Shunsuke Managi, The efficiency of conservation banking schemes with inter-regionally tradable credits and the role of mediators, Economic Analysis and Policy, 10.1016/j.eap.2019.02.002, 62, 175-186, 2019.06, The notion of tradable allowance schemes for biodiversity conservation (conservation banking) has been drawing attention and the number of such schemes has been increasing over the past few decades. An increase in the number of schemes increases the need for institutional designs that incorporate inter-regional or inter-scheme trading; however, this may be difficult because of the heterogeneity of biodiversity and the variation in evaluation methodologies. Focusing on the role of environmental traders as mediators, this study considers inter-scheme or inter-regional transactions of credits experimentally and explores the possibility that mediators simultaneously encourage efficiency and conservation. Experimental results suggest that environmental traders behave as theoretically predicted and enhance efficiency by exporting credits from areas with a higher environmental biodiversity value to those with a lower value. Our results highlight the importance of institutional frameworks in allowing market mechanisms to work effectively under conservation banking schemes..
125. Chapman, Andrew, Hidemichi Fujii, and Shunsuke Managi, Multinational Life Satisfaction, Perceived Inequality and Energy Affordability, Nature Sustainability, 2, 6, 508-514, 2019.06.
126. Nguyena T.T., Nguyen T., V. Hoang, Wilson C., Managi S. , Energy Transition, Poverty and Inequality in Vietnam, Energy Policy, 132, 536-548, 2019.06.
127. Sugiawan Y., Kurniawan R., Managi S. , Are Carbon Dioxide Emission Reductions Compatible with Sustainable Well-befing?,  Applied Energy, 242, 1-11, 2019.05.
128. Takayabu H., Kagawa S., Fujii H., Managi S., Eguchi S. , Impacts of Productive Efficiency Improvement in the Global Metal Industry on CO2 Emissions, Journal of Environmental Management , 248, 109261, 2019.05.
129. Yamaguchi R., Islam M.,  Managi S., Inclusive Wealth in the twenty-first century: a Summary and Further Discussion of Inclusive Wealth Report 2018, Letters in Spatial and Resource Sciences, 12(2), 101-111, 2019.05.
130. Broadstock D., Managi S., Matousek R., Tzeremes N.G. , Does Doing ‘Good’ Always Translate into Doing “Well”? An Eco-efficiency Perspective, Business Strategy and the Environment, 28(6), 1199-1217, 2019.05.
131. Yogi Sugiawan, Robi Kurniawan, Shunsuke Managi, Are carbon dioxide emission reductions compatible with sustainable well-being?, Applied Energy, 10.1016/j.apenergy.2019.03.113, 1-11, 2019.05, Efforts to reduce carbon dioxide (CO
) emissions remain elusive due to the strong correlation with economic development. The progress of economic development therefore needs to be assessed by considering the harmful effects of CO
emissions as a loss of intergenerational well-being. This has been the motivation behind the development of the inclusive wealth (IW) index, which is proposed as a viable alternative to the conventional gross domestic product for tracking the progress towards the well-being of a nation. By using nonparametric machine learning methods, this study aims to explore the impact of CO
emission reduction on well-being under the IW framework via three different energy pathways, namely, the supply, mix and efficiency pathways, involving 105 countries from 1992 to 2014. Results showed that the lowest growth in global CO
emissions was projected by the efficiency scenario, which forecasted an increase by 2040 of 15.12% relative to the 2014 level. However, this scenario might lead to a potential loss in future well-being by up to 0.3%, compared to the two other scenarios. These findings suggest that the commitment to CO
emission reduction needs to be evaluated cautiously by considering its impact on intergenerational well-being, particularly for developing economies. In contrast, high-income economies were encouraged to set up a more ambitious target of CO
emission reduction since doing so would also lead to a potential increase of their intergenerational well-being. This study verifies a robust link between sustainable development and CO
emission mitigation scenarios, which is essential for promoting future climate actions..
132. Hidemichi Fujii, Akihiko Shinozaki, Shigemi Kagawa, Shunsuke Managi, How does information and communication technology capital affect productivity in the energy sector? New evidence from 14 countries, considering the transition to renewable energy systems, Energies, 10.3390/en12091786, 12, 9, 2019.05, By focusing on a distributed energy system that has been widely diffused for efficient utilization of renewable energy generation in recent years, this paper investigates the relationship between productivity growth and information and communications technology capital in the energy sector. Information and communications technology is a key factor in operating distributed energy systems in a way that balances energy supply and demand in order to minimize energy loss and to enhance capacity utilization. The objective of this study is to clarify the determining factors that affect productivity growth, focusing on three different information and communications technologies: information technology capital, communication technology capital and software capital. Our estimation sample covers energy sectors in 14 countries from 2000 to 2014. The results show that information technology and software capital contribute to increasing material productivity and capital productivity in the energy sector, respectively. Meanwhile, communication technology capital negatively affects these two productivity indicators..
133. Löschel A., Lutz B.,  Managi S., The Impacts of the EU ETS on Efficiency - An Empirical Analyses for German Manufacturing Firms, Resource and Energy Economic, 56, 71-95, 2019.05.
134. Tolliver C., Keeley A. R., Managi S., Green Bonds for the Paris Agreement and Sustainable Development Goals, Environmental Research Letters, 14(6), 064009, 2019.05.
135. Keeley A., Managi S., The Importance of Financial Cost for Renewable Energy Projects: Economic Viability Assessment of Renewable Hybrid Mini-grid Systems in Indonesia, Green Finance , 1(2), 139-155, 2019.04.
136. Managi S., Wang J., Li Z., Zhang L. , Research Progress on Monitoring and Assessment of Forestry Area for Improving Forest Management in China, Forestry Economics Review , 1(1), 57-70, 2019.04.
137. Yogi Sugiawan, Shunsuke Managi, New evidence of energy-growth nexus from inclusive wealth, Renewable and Sustainable Energy Reviews, 10.1016/j.rser.2018.12.044, 40-48, 2019.04, Gross domestic product (GDP) has been inappropriately used as the main indicator for assessing the sustainability of economic development for a long time. Inclusive wealth (IW) offers a new approach to assess sustainability by comprehensively measuring the productive base of the economy that involves three types of capital assets of nations (produced, human and natural capital), and aggregates them into a single measure of wealth. This study proposes an alternative to the literature on the conventional energy – growth nexus that widely uses GDP as a proxy of the growth. This study aims to investigate the impact of energy consumption on wealth in the IW framework and forecast the growth of IW over the next three decades. For this purpose, this study uses both parametric and non-parametric analyses on 104 countries for 1993–2014. Our results indicate that there is a negative and significant impact of energy consumption on IW growth, suggesting an unsustainable pattern of world energy consumption. Using a machine learning technique, it is forecasted that increasing the efficiency of energy consumption leads to a higher growth in average per capita IW. This study also suggests that a shift to renewables is a precondition for sustainable development..
138. Noriko Behling, Mark C. Williams, Shunsuke Managi, Regulating Japan's nuclear power industry to achieve zero-accidents, Energy Policy, 10.1016/j.enpol.2018.11.052, 308-319, 2019.04, Our review of worldwide nuclear accident data shows Japan has had more nuclear accidents of greater severity than other countries. Cultural and geological factors likely combined to increase the severity of accidents, while policies designed to incentivize expansion of the reactor fleet likely increased the consequences of accidents. Cost estimates for the Fukushima disaster have doubled to $220 billion, and a literature review indicates total accident costs could exceed $500 billion. Indirect costs could increase that amount even more. To mitigate risk of future accidents, Japan could consider constructing a new fleet of 25 highly advanced reactors and require plant owners to establish set-asides to pay for future accidents in much the same way banks set aside funds to cover loan losses. This would build a profit motive into improving safety protocols and incentivize businesses to foster a stronger safety culture. At the same time, Japan might increase investments in clean fuels, such as hydrogen, to ensure it has feasible alternatives for successfully achieving safe, economically viable, and secure forms of energy..
139. Andrew John Chapman, Kenshi Itaoka, Katsuhiko Hirose, F. Todd Davidson, Kazunori Nagasawa, Alan C. Lloyd, Michael E. Webber, Zeynep Kurban, Shunsuke Managi, Tetsuya Tamaki, Michael C. Lewis, Robert E. Hebner, Yasumasa Fujii, A review of four case studies assessing the potential for hydrogen penetration of the future energy system, International Journal of Hydrogen Energy, 10.1016/j.ijhydene.2019.01.168, 44, 13, 6371-6382, 2019.03, Hydrogen as an energy carrier allows the decarbonization of transport, industry, and space heating as well as storage for intermittent renewable energy. The objective of this paper is to assess the future engineering potential for hydrogen and provide insight to areas of research to help lower economic barriers for hydrogen adoption. This assessment was accomplished by creating top-level system models based on energy requirements for end-use services. Those models were used to investigate four case studies that provide a global view augmented with specific national examples. The first case study assesses the potential penetration of hydrogen using a global energy system model. The second applies the dynamic integrated climate–ecosystem–economics model to derive an estimate of the impact of the diffusion of hydrogen as an energy carrier. The third determines the required growth in renewable power and water usage to power transportation in the United States (US) with hydrogen. The fourth assesses the use of hydrogen for heating in the United Kingdom (UK). In all cases, there appeared to be significant potential for hydrogen adoption and net energetic benefit. Globally, hydrogen has the potential to account for approximately 3% of energy consumption by 2050. In the US, using hydrogen for on-road transportation could enable a reduction in rejected energy of nearly 10%. Also, hydrogen might provide the least cost alternative to decarbonizing space heating in the UK. The research highlights a challenge raised by widespread abandonment of nuclear power. It is currently unclear what the removal of nuclear would do to the cost of energy as nations attempt to limit global greenhouse gas emissions. Nuclear power has also been proposed as a source for large scale production of hydrogen. Finally, this analysis shows that with today's technological maturity making the transition to a hydrogen economy would incur significant costs..
140. Noriko Behling, Mark C. Williams, Thomas G. Behling, Shunsuke Managi, Aftermath of Fukushima
Avoiding another major nuclear disaster, Energy Policy, 10.1016/j.enpol.2018.11.038, 411-420, 2019.03, Japan's laws to promote nuclear power, including the Dengen Sampo (the Three Electric Power Laws), have accelerated nuclear reactor construction via subsidies, grants, and other incentives. These laws also have had the perverse effects of discouraging promotion of safety as the highest priority, with consequences that can be seen in the Fukushima nuclear disaster. If the government decides to restart a portion of the reactor fleet, experience indicates that another serious nuclear accident could be expected again. Accidents, in effect, represent a recurring cost which should be built into business plans. Although improvements in reliability and safety will certainly be made, legislation alone cannot guarantee that these actions will create a culture of safety. Inevitably, the complex systems associated with nuclear reactors and the overwhelming influence of corporate officers who are focused on cutting costs in the near-term will make safety improvement an uphill battle. These factors are symptomatic of a worldwide nuclear industry that views safety as a cost to be managed. Unless the industry is incentivized to consider safety improvements as a source of greater profits in the long-term, the industry will continue to have a mindset of negligence toward safety..
141. Shutaro Takeda, Alexander Ryota Keeley, Shigeki Sakurai, Shunsuke Managi, Catherine Benoît Norris, Are renewables as friendly to humans as to the environment?
A social life cycle assessment of renewable electricity, Sustainability (Switzerland), 10.3390/su11051370, 11, 5, 2019.03, The adoption of renewable energy technologies in developing nations is recognized to have positive environmental impacts; however, what are their effects on the electricity supply chain workers? This article provides a quantitative analysis on this question through a relatively new framework called social life cycle assessment, taking Malaysia as a case example. Impact assessments by the authors show that electricity from renewables has greater adverse impacts on supply chain workers than the conventional electricity mix: Electricity production with biomass requires 127% longer labor hours per unit-electricity under the risk of human rights violations, while the solar photovoltaic requires 95% longer labor hours per unit-electricity. However, our assessment also indicates that renewables have less impacts per dollar-spent. In fact, the impact of solar photovoltaic would be 60% less than the conventional mix when it attains grid parity. The answer of "are renewables as friendly to humans as to the environment?" is "not-yet, but eventually"..
142. Shin K.J., Tada N., Managi S., Consumer Demand for Fully Automated Driving Technology, Economic Analysis and Policy , 61, 16-28, 2019.03.
143. Walter Hein, Clevo Wilson, Boon Lee, Darshana Rajapaksa, Hans de Moel, Wasantha Athukorala, Shunsuke Managi, Climate change and natural disasters
Government mitigation activities and public property demand response, Land Use Policy, 10.1016/j.landusepol.2018.12.026, 82, 436-443, 2019.03, The level of public response to extreme catastrophes is considerably greater than concern over climate change. This research compares the public's responses to extreme disasters and climate change when governments intervene to mitigate long-term climate change impacts. To do so we examine the property market behaviour in response to beach erosion and cyclone damage in Queensland, Australia. The results show that the impact on the property market of the public's response to the negative impact of cyclones is more marked than its response to the negative impact of beach erosion. The relative non-responsiveness to beach erosion can be seen as a product of both local government intervention strategies and the recreational and aesthetic attractions of beaches. This study, therefore, provides useful insights for the development of sustainable coastal development strategies..
144. Eco‐DRR導入時の経済的効果に関する研究.
145. Islam M., Kanemoto K., Managi S. , Growth Potential for CO2 Emissions Transfer by Tariff Reduction, Environmental Research Letters, 14(2), 024011, 2019.02.
146. Mitra J., Wilson C., Managi S., Kler P., Prayaga P., Khanal U., What Determines Whale Watching Tourists’ Expenditure? A Study from Hervey Bay, Australia, Tourism Economics, 25(7), 1134-1141, 2019.02.
147. Fujii H., Managi S. , Decomposition Analysis of Sustainable Green Technology Inventions in China, Technological Forecasting & Social Change , 139, 10-16, 2019.02.
148. Wakamatsu M., andManagi S.., Examining Public Support for International Agreements on Tuna Management and Conservation, Marine Policy, 100, 298-306, 2019.02.
149. Zhang Z., Zhang D.,  Managi S., A Bibliometric Analysis on Green Finance: Current Status, Development, and Future Directions, Finance Research Letters, 29, 425-430, 2019.02.
150. Takanori Okada, Tetsuya Tamaki, Shunsuke Managi, Effect of environmental awareness on purchase intention and satisfaction pertaining to electric vehicles in Japan, Transportation Research Part D: Transport and Environment, 10.1016/j.trd.2019.01.012, 67, 503-513, 2019.02, The reduction of CO 2 emission using electric vehicles (EVs) is attracting much attention as a countermeasure for global warming. In this study, we investigate the intention of non-EV owners and the post-purchase satisfaction of EV owners by conducting online survey in Japan. The structural relation of both these factors is analyzed using structural equation modeling (SEM). This analysis focuses on the environmental awareness. We compare the estimations between the purchase intentions of non-EV users and the post-purchase satisfaction of EV users. Results show that the structures of purchase intentions of non-EV users and post-purchase satisfaction of EV are different. The evaluation of EVs shows that the environmental awareness has a direct effect on the purchase intention of a non-EV user, whereas an indirect effect on the post-purchase satisfaction of a EV user..
151. Noriko Hikosaka Behling, Shunsuke Managi, Mark C. Williams, Updated Look at the DCFC
the Fuel Cell Technology Using Solid Carbon as the Fuel, Mining, Metallurgy and Exploration, 10.1007/s42461-018-0022-x, 36, 1, 181-187, 2019.02, Particle processing is a key to using solid particles in fuel cell applications. Selectivity with regard to reactivity, impurities, etc. is an important feature and the treatment of particle surfaces could greatly impact the performance of direct carbon fuel cells. Solid fuel particles will become increasingly important in the future. Present energy conversion systems for solid fuels are too inefficient. New energy conversion systems for solid fuels with higher energy conversion efficiencies are possible. Fuel cell technology is a key technology in these new conversion systems. The direct carbon fuel cell (DCFC) operates on carbon particles obtained from a variety of solid fuel feedstocks. The DCFC is the only fuel cell designed to directly oxidize carbon particles in a special anode chamber. The particles are generally graphite structure with high purity. The electrolyte used is the high temperature solid oxide, molten carbonate, or hydroxide electrolyte. Since a pure stream of CO2 is produced, the stream can easily be sequestered and disposed. Pure carbon dioxide produced as a by-product would also have a market in many industries. A well-defined technology roadmap identifying key research and development (R&D) issues is necessary to provide a framework for the development of these systems and to prevent entrenchment in inherently inefficient technologies. This review paper describes the direct carbon fuel cell and its system, how it works, the developmental status, the characteristics of the carbon particles needed, and the research and development issues for the technology..
152. Yamaguchi R., Managi S. ., Backward- and Forward-Looking Shadow Prices in Inclusive Wealth Accounting: An Example of Renewable Energy Capital, Ecological Economics , 156, 337-349, 2019.01.
153. Saito O., Hashimoto S., Managi S,, Aiba M., Yamakita T., DasGupta R., Takeuchi K. , Future Scenarios for Socio-Ecological Production Landscape and Seascape, Sustainability Science, 2019.01.
154. Roxburgh N., Guan D., Shin K., Rand W., Managi S., Lovelace R., Meng J. , Characterising Climate Change Discourse on Social Media During Extreme Weather Events, Global Environmental Change, 54, 50-60, 2019.01.
155. Kotani K., Tanaka K., Managi S., Which Performs Better under Trader Settings, Double Auction or Uniform Price Auction?, Experimental Economics, 22(1), 247-267, 2019.01.
156. Shunsuke Managi, Moinul Islam, Osamu Saito, Marie Stenseke, Luthando Dziba, Sandra Lavorel, Unai Pascual, Shizuka Hashimoto, Valuation of nature and nature’s contributions to people, Sustainability Science, 10.1007/s11625-019-00732-6, 6, 14, 1463-1465, 2019.01.
157. Updated look at the application of solid particles in fuel cell technology
Copyright © 2019 by SME. Particle processing is a key to using solid particles in fuel cell applications. Selectivity with regard to reactivity, impurities, etc. is important feature and the treatment of particle surfaces could greatly impact the performance of direct carbon fuel cells. Solid fuel particles will become increasingly important in the future. Present energy conversion systems for solid fuels are too inefficient. New energy conversion systems for solid fuels with higher energy conversion efficiencies are possible. Fuel cell technology is a key-technology in these new conversion systems. The direct carbon fuel cell (DCFC) operates on carbon particles obtained from a variety of solid fuel feedstocks. The DCFC is the only fuel cell designed to directly oxidize carbon particles in a special anode chamber. The particles are generally graphite structure with high purity. The electrolyte used is the high temperature solid oxide, molten carbonate or hydroxide electrolyte. Since a pure stream of CO2 is produced the stream can easily be sequestered and disposed. Pure carbon dioxide produced as a by-product would also have a market in many industries. A well-defined technology roadmap identifying key research and development (R&D) issues is necessary to provide a framework for the development of these systems and to prevent entrenchment in inherently inefficient technologies. This review paper describes the direct carbon fuel cell and its system, how it works, the developmental status, the characteristics of the carbon particles needed, and the research and development issues for the technology..
158. Jumbri I., Ikeda S., Managi S., Heterogeneous Global Health Sock and Growth: Quantitative Evidence from 140 Countries, 1990-2100, Archives of Public Health, 76, 81, 2018.12.
159. Michiyuki Yagi, Shunsuke Managi, Shadow price of patent stock as knowledge stock
Time and country heterogeneity, Economic Analysis and Policy, 10.1016/j.eap.2018.09.001, 60, 43-61, 2018.12, This study compares the shadow price (marginal cost) and shadow value (total cost) of patent stock (as knowledge stock) in each of 92 countries between 1992 and 2010. Two specifications are considered in the data envelopment analysis approach. One specification considers population, capital, patent stock, energy use (four inputs), greenhouse gas (undesirable output), and gross domestic product (desirable output). The other uses human capital and natural capital instead of population and energy use. Under these two specifications, respectively, the shadow price of the patent stock (on weighted average) for the whole period is −0.106 and −0.054 million US dollars per patent in the entire sample. Similarly, the shadow value of the patent stock (by the ratio of gross domestic product) in the entire sample is −5.8% and −2.9%, respectively. As the standing position of patent stock, the patent stock is less valuable than human capital and (produced) capital but more valuable than population, energy use, and natural capital. The patent stock also is likely to be valuable in developing countries. In addition, the shadow value of the patent stock is relatively high in certain large countries and nearly flat in most of the countries..
160. Tsurumi T., Imauji A., Managi S. , Relative Income, Community Attachment and Subjective Well-being: Evidence from Japan, Kyklos , 72, 152-182, 2018.11.
161. Robi Kurniawan, Yogi Sugiawan, Shunsuke Managi, Cleaner energy conversion and household emission decomposition analysis in Indonesia, Journal of Cleaner Production, 10.1016/j.jclepro.2018.08.051, 201, 334-342, 2018.11, Increasing the efficiency of the household sector's energy consumption plays a significant role in reducing CO2 emissions, particularly for Indonesia, the world's fourth most populous country. However, there is a lack of analytical studies on the driving forces of emissions from the household sector in Indonesia, including the contribution of one of the world's largest efforts to promote a cleaner cooking fuel program. We intend to examine the characteristics of the Indonesian energy matrix and its evolution in the household sector alongside the impact of kerosene to the Liquid Petroleum Gas (LPG) conversion program to the Indonesian emissions change in the sector. We also investigate the underlying determinant of emissions change, both directly and indirectly, from household energy consumption in Indonesia from 2000 to 2015. For this purpose, we conduct the Logarithmic Mean Divisia Index (LMDI) decomposition analysis. We found that population and income led to increases of both direct and indirect energy emission, while the impact of energy intensity was the opposite. The fuel mix and carbon intensity effect, which reflects the conversion of kerosene to LPG, contributes to reducing direct emissions with limited effect. High share growth of coal in electricity generation led to increasing indirect emissions for the period. Our findings have important policy implications, particularly for increasing the share of new and renewable energy in the national energy mix and for intensifying energy efficiency in the household sector..
162. Robi Kurniawan, Shunsuke Managi, Measuring long-term sustainability with shared socioeconomic pathways using an inclusive wealth framework, Sustainable Development, 10.1002/sd.1722, 26, 6, 596-605, 2018.11, To understand the trajectory of sustainability, it is important to measure historical and future projections of productive capital that contribute to wellbeing. This study considers a productive base that includes the human, natural and produced capital of 140 countries. We then develop projections for 2014–2100 using the newly developed shared socioeconomic pathways (SSPs) that strive to explain the implications of key socioeconomic variables on long-term global sustainability. Those SSPs with high investments in broad societal development are associated with the highest growth in inclusive wealth. Poverty alleviation, demographic changes and human capital investments are effective instruments to attain greater wealth as shown in East and Southeast Asia. Furthermore, the SSP that describes a sustainability pathway, which poses the least climate change challenges and substantially reduced reliance on natural resources, is more conducive to increasing wellbeing than the fragmented pathways that result in inequality..
163. Liang Yuan, Kongjoo Shin, Shunsuke Managi, Subjective Well-being and Environmental Quality
The Impact of Air Pollution and Green Coverage in China, Ecological Economics, 10.1016/j.ecolecon.2018.04.033, 153, 124-138, 2018.11, Rapid environmental degradation is a well-publicized issue, particularly in rapidly developing countries. This study examines the impact of air pollution and green coverage on people's subjective well-being (SWB) in China using self-reported life satisfaction (LS) from survey data combined with the city-level air quality index (AQI) and green coverage data. The results show that air pollution and green coverage are significantly negatively and positively correlated with LS, respectively. The total effect of green coverage on life satisfaction constitute of a direct effect of green space itself and indirect effects through improving air pollution and health. The implicit monetary valuations of a 1-unit reduction in the AQI and a 1% increase in green coverage according to the respondent's annual gross individual income are approximately 239–280 USD (1.7%–2.0%) and 420–444 USD (3.0%–3.2%), respectively. The results also indicate that the average benefit from a 1% change in green coverage for people with a poor subjective health evaluation is almost 2 times higher than that for their counterparts..
164. Pigovian tax and urban land use policy in consideration of energy consumption and traffic congestion.
165. Hidemichi Fujii, Kazuyuki Iwata, Andrew Chapman, Shigemi Kagawa, Shunsuke Managi, An analysis of urban environmental Kuznets curve of CO2 emissions
Empirical analysis of 276 global metropolitan areas, Applied Energy, 10.1016/j.apenergy.2018.06.158, 228, 1561-1568, 2018.10, This study analyzed the relationship between urban CO2 emissions and economic growth applying the environmental Kuznets curve hypothesis. The objective of this study is to investigate how urban CO2 emissions and their composition have changed with urban economic growth, depending on city characteristics, using a dataset of metropolitan areas. We obtained data for 276 cities in 26 countries for the years 2000, 2005, and 2008. The dataset includes urban CO2 emissions, GDP, and population. Additionally, data regarding compact city variables are applied to determinants analysis using an econometric approach. The results demonstrate an inverted U-shape relationship between urban CO2 emissions and urban economic growth. Additionally, an inverted U-shape relationship is observed for the transport and residential & industry sectors. However, the turning points of each inverted U-shape curve varies. This result implies that we can better understand urban policies for reducing urban CO2 emissions by considering the characteristics of each sector..
166. Robi Kurniawan, Shunsuke Managi, Coal consumption, urbanization, and trade openness linkage in Indonesia, Energy Policy, 10.1016/j.enpol.2018.07.023, 121, 576-583, 2018.10, This paper explores the effects of economic growth, urbanization, industry, and trade openness on coal consumption in Indonesia over the period 1970–2015. To closely adhere to the Environmental Kuznets curve narratives, we consider coal consumption which has been scarcely explored in the EKC debate, as a proxy of environmental pressure. We estimate the autoregressive distributed lag (ARDL) method and confirm that the variables are cointegrated for long run linkage with the presence of structural breaks. The empirical evidence showed that economic growth, urbanization and trade openness increase coal consumption while decreasing share of secondary industry reduce it. We also verify the existence of environmental Kuznets curve. Having a vital role in the energy mix, Indonesia needs to restrain excessive coal consumption to enhance environmental quality. Our results also imply urbanization and trade openness are crucial factors on coal consumption. Consequently, it should be taken into consideration in energy policy-making process, such as energy conservation policies in the residential sector and prioritize foreign investment which brings cutting-edge coal technologies..
167. Tamaki Morita, Keisaku Higashida, Yasuhiro Takarada, Shunsuke Managi, Does acquisition of mineral resources by firms in resource-importing countries reduce resource prices?, Resources Policy, 10.1016/j.resourpol.2018.03.016, 58, 97-110, 2018.10, This study theoretically and empirically examines how resource prices are affected when firms in resource-importing countries acquire mineral resources. The study's theoretical examination considers a simple, two-period model that demonstrates how firms acquiring mineral resources may raise either present or future resource prices. This finding implies that resource consumption in either period may decline. Strategic behavior of resource-mining firms, demand for final goods, and extraction costs play key roles in this examination. Using a dynamic panel model with oil price data, the study's empirical portion estimates how acquiring resources affects the price of oil. Results demonstrate that prices in the present period rise, and prices in future periods decline..
168. Ebrahim A. Aly, Shunsuke Managi, Energy infrastructure and their impacts on societies’ capital assets
A hybrid simulation approach to inclusive wealth, Energy Policy, 10.1016/j.enpol.2018.05.070, 121, 1-12, 2018.10, Measuring how energy policy affects intergenerational well-being is a problematic task policymakers face. There is a compelling need for a comprehensive evaluation criterion that is versatile enough to allow for exploring different possibilities and options. The inclusive wealth framework is a suitable tool for such a task, as it accounts for the changes in the three major capital assets –produced, human, and natural- that compose a nation's wealth. Here, we apply the inclusive wealth framework within a hybrid simulation model to evaluate energy infrastructure projects in terms of their impacts on different capital assets. We chose hybrid simulation as a technique that allows for a better realization of technologies, as well the economy as a whole. The developed model is generalized and can be applied to different economies as well as all types of energy projects. In addition to accounting for the capital assets, we also account for CO2 damages and health capital. We provide the simulation for different proposed projects representing different fuel cycles in Belgium and Egypt. The results show how the model can be used to demonstrate the changes brought to wealth by the different projects and how policymakers can change policies to make wealth take more favorable tracks..
169. Yuki Yoshida, Hirotaka Matsuda, Kensuke Fukushi, Shinya Ikeda, Shunsuke Managi, Kazuhiko Takeuchi, Assessing local-scale inclusive wealth
a case study of Sado Island, Japan, Sustainability Science, 10.1007/s11625-018-0540-y, 13, 5, 1399-1414, 2018.09, Present trends of urbanization are accompanied by increasing demographic and economic shrinkage of rural regions. In countries such as Japan, these rural regions trail behind metropolitan counterparts according to GDP, the conventional measure used to guide governmental policies. Yet, past research suggests that these regions may be undervalued. Further, the Inclusive Wealth Index (IWI), largely only used at the national level, may be able to capture aspects previously missed. As such, our study attempts to highlight the wealth of rural regions by comparing the inclusive wealth of Sado Island and Japan between 1990 and 2014. Minor methodological modifications were made according to data availability at the local level and to improve the accuracy of human capital estimations. Results captured the ongoing shrinkage of Sado and demonstrate the distinct potential of the IWI as a stock measure. Sado’s per capita wealth was about 10% lower than the national averages, but its natural capital was about threefold national averages. Supplementary estimations of the natural capital of fisheries and cultivated forests suggest that inclusion of additional factors in the evaluation would further increase the relative valuation of rural regions. We discuss implications of our estimations for wellbeing, and conclude with a critical appraisal of the IWI calculation towards policy implementation of the index..
170. Robi Kurniawan, Shunsuke Managi, Economic Growth and Sustainable Development in Indonesia
An Assessment *, Bulletin of Indonesian Economic Studies, 10.1080/00074918.2018.1450962, 54, 3, 339-361, 2018.09, We explore the nexus between sustainability and economic growth in Indonesia between 1990 and 2014, using an inclusive wealth framework that covers the country’s unique resources and biodiversity. Indonesia’s inclusive wealth growth is considered positive. However, the ‘dilution effect’ on Indonesia’s population has outpaced the country’s wealth growth, so that its per capita inclusive wealth growth has been negative. This study implies that the GDP per capita growth in Indonesia does not necessarily indicate sustainability. The depreciation of both renewable and non-renewable natural capital is driving the decline in wealth per capita. Despite this, sustainability has been improving, although marginally, due to increases in the rates of produced and human capital growth. To return to a sustainable growth path, Indonesia must increase its investments to a net gain in the rate of wealth growth, and it must reduce its resource extraction to levels that its productive base can maintain..
171. George Halkos, Shunsuke Managi, Kyriaki Tsilika, The multi-layer nature of Inclusive Wealth data and their dynamic interpretation, Economic Analysis and Policy, 10.1016/j.eap.2018.06.005, 59, 160-170, 2018.09, This paper explores inclusive wealth (IW) index using visual interfaces, which provide better economic interpretation. Two views are provided for the visual representation: a cluster view and a timeline view. Among all variables of IW data we focus on three: natural capital, inclusive wealth and air pollution. Our IW data exploration starts with the task of illustrating the distribution of air pollution and wealth among different geographical regions and among regions of different economic growth over the 25-year period 1990–2014. Furthermore, we aim at the assessment of variation of natural capital across the years of study. We use different data visualization techniques to capture the multi-layer nature of IW data, to represent parts of the global multi-region multi-country dataset..
172. 新国富論,新たな経済指標による地方創生論.
173. Xie J., Nozawa W., Yagi M., Fujii H., Managi S. , Do Environmental, Social and Governance Activities Improve Corporate Financial Performance?, Business Strategy and the Environment , 28(2), 286-300, 2018.08.
174. Yagi M., and Managi S. , Decomposition Analysis of Corporate Carbon Dioxide and Greenhouse Gas Emissions in Japan: Integrating Corporate Environmental and Financial Performances, Business Strategy and the Environment, 27(8), 1476-1492, 2018.07.
175. Nasir Ahmad, Sybil Derrible, Shunsuke Managi, A network-based frequency analysis of Inclusive Wealth to track sustainable development in world countries, Journal of Environmental Management, 10.1016/j.jenvman.2018.04.070, 218, 348-354, 2018.07, Using human (HC), natural (NC), and produced (PC) capital from Inclusive Wealth as representatives of the triple bottom line of sustainability and utilizing elements of network science, we introduce a Network-based Frequency Analysis (NFA) method to track sustainable development in world countries from 1990 to 2014. The method compares every country with every other and links them when values are close. The country with the most links becomes the main trend, and the performance of every other country is assessed based on its ‘orbital’ distance from the main trend. Orbital speeds are then calculated to evaluate country-specific dynamic trends. Overall, we find an optimistic trend for HC only, indicating positive impacts of global initiatives aiming towards socio-economic development in developing countries like the Millennium Development Goals and ‘Agenda 21’. However, we also find that the relative performance of most countries has not changed significantly in this period, regardless of their gradual development. Specifically, we measure a decrease in produced and natural capital for most countries, despite an increase in GDP, suggesting unsustainable development. Furthermore, we develop a technique to cluster countries and project the results to 2050, and we find a significant decrease in NC for nearly all countries, suggesting an alarming depletion of natural resources worldwide..
176. George Halkos, Shunsuke Managi, Clevo Wilson, Growth and Efficiency in Resource Economics, Resources, Conservation and Recycling, 10.1016/j.resconrec.2018.03.020, 134, A4-A5, 2018.07.
177. George Halkos, Shunsuke Managi, Kyriaki Tsilika, Measuring air polluters’ responsibility in transboundary pollution networks, Environmental Economics and Policy Studies, 10.1007/s10018-017-0208-3, 20, 3, 619-639, 2018.07, This study proposes a new method of graph computing for environmental economics. We apply a weighted graph model that reproduces the structure of SOx emission–deposition tables. Our data apply scientific and technical data on emissions, atmospheric processes, and effects on the environment of sulfur oxides from the European Monitoring and Evaluation Program of the long-range transmission of air pollutants in Europe. Our graph metrics consider both the activity and the amount of pollution for each polluter. The results show the contribution of oxidized sulfur emitted from one country and deposited to another. The most influential node of the country-to-country blame network is tracked using indicators of centrality. Exploring options and metrics for ranking the blame for SOx pollutants, we depict the degree of the responsibility for SOx depositions in EU countries graphically..
178. Islam M., Yamaguchi R., Sugiawan Y., Managi S. , Valuing Natural Capital and Ecosystem Services: A Literature Review, Sustainability Science , 14(1), 159-174, 2018.06.
179. Nozawa W., Tamaki T., and Managi S. , On Analytical Models of Optimal Mixture of Mitigation and Adaptation Investmentst, Journal of Cleaner Production , 10.1016/j.jclepro.2018.03.103, 186, 57-67, 2018.06.
180. Ikeda S., Managi S. , Future Inclusive Wealth and Human Well-being in Regional Japan: Projections of Sustainability Indices based on Shared Socioeconomic Pathways, Sustainability Science , 14(1), 147-158, 2018.06.
181. Eucabeth Majiwa, Boon L. Lee, Clevo Wilson, Hidemichi Fujii, Shunsuke Managi, A network data envelopment analysis (NDEA) model of post-harvest handling
the case of Kenya’s rice processing industry, Food Security, 10.1007/s12571-018-0809-0, 10, 3, 631-648, 2018.06, Food security is a global challenge. With rising world population and demand for food being compounded by resource and arable land constraints, raising the efficiency of food production and use has become increasingly important. While much of the research on food security is focused on farm efficiency and productivity, most neglect post-harvest (PH) handling which is critical in determining the availability of food. In this study, we employ the network Data Envelopment Analysis (DEA) model to evaluate the PH efficiency of milling, using data from Kenya’s rice processing industry. The results show lower efficiency scores when using a network DEA model, which reflects its greater discriminatory power when compared to the standard DEA approach. The study also quantified sources of productive efficiency using a fractional regression model and identified storage space and distance to market as having an impact on drying efficiency; while experience, age of mill, servicing and energy type influenced milling efficiency. The results suggest that policy makers should focus on investing in drying technologies and storage facilities to improve drying efficiency. To improve milling efficiency, policy recommendations include enhancing millers’ access to better technologies, investing in reliable sources of energy and providing PH handling workshops to reduce PH losses..
182. Hidemichi Fujii, Shunsuke Managi, Trends and priority shifts in artificial intelligence technology invention
A global patent analysis, Economic Analysis and Policy, 10.1016/j.eap.2017.12.006, 58, 60-69, 2018.06, This study is the first to apply a decomposition framework to clarify the determinants of AI technology invention. Consisting of 13,567 AI technology patents for the 2000–2016 period, our worldwide dataset includes patent publication data from the U.S., Japan, China, Europe, and the Patent Cooperation Treaty (PCT). We find that priority has shifted from biological and knowledge-based models to specific mathematical models and other AI technologies, particularly in the U.S. and Japan. Our technology type and country comparison shows that the characteristics of AI technology patent publication differ among companies and countries..
183. Inclusive Wealth Index and Policy Decision.
184. Goeschl T.,  Managi S. , Public in-kind Relief and Private Self-insurance, Economics of Disasters and Climate Change , 3(1), 3-21, 2018.05.
185. Tamaki T., Nakamura H., Fujii H., and Managi S. , Efficiency and Emissions from Urban Transport: Application to World City Level Public Transportation, Economic Analysis and Policy (forthcoming), 10.1016/j.eap.2017.04.001, 2018.05.
186. Tamaki T., Shin K.J., NakamuraH., and Managi S., Shadow Prices and Production Inefficiency of Mineral Resources, Economic Analysis and Policy, 10.1016/j.eap.2017.03.005, 57, 111-121, 2018.05.
187. Morita T., and Managi S. , The Relationship between School-based Career Education and Subsequent Incomes: Empirical Evidence from Japan, Environmental Economics and Policy Studies, 10.1007/s10018-018-0213-1, 2018.05.
188. Moinul Islam, Shunsuke Managi, Sustainable adaptation to multiplewater risks in agriculture
Evidence from Bangladesh, Sustainability (Switzerland), 10.3390/su10061734, 10, 6, 2018.05, Water is the most important input for agricultural production. Smallholder agriculture in Bangladesh is highly dependent on the natural water supply and is prone to water risks. Farmers in Bangladesh are facing major challenges from flooding, arsenic contamination, and other water stress. This research aims to understand how smallholder agriculture in Bangladesh adapts to the multiple water risks by crop selection. By using the panel data model, we identify that crop selection is a sustainable tool to adapt to the water risks in Bangladesh. Flood risk guides farmers to cultivate flood-tolerant monsoon season rice, wheat, and sugarcane in the high-risk areas. Natural arsenic contamination stops them from producing rice in the arsenic contaminated land to avoid the grain toxicity effect on human health. Extreme rainfall and temperature events also influence the crop selection decision. These crop choice techniques reduce the crop damages in smallholder agriculture in Bangladesh..
189. Du G., Shin K.J., Managi S., Variability in Impact of Air Pollution on Subjective Well-being, Atmospheric Environment , 183, 175-208, 2018.04.
190. Tolliver C., Islam M., Shin K.J., Managi S.., The Impact of Energy Security Risks on Energy Consumption, International Journal of Innovation and Sustainable Development, 10.1504/IJISD.2018.091522, 12, 3, 258-270, 2018.04.
191. Sato M., Kenta K., and Managi S.. , Inclusive Wealth, Total Factor Productivity, and Sustainability: An Empirical Analysis,  Environmental Economics and Policy Studies,, 20, 741-757, 2018.03.
192. Noy I., Managi S.,  Hallegatte S.., Economics of Disasters and Climate Change – The Journal’s First Year, Economics of Disasters and Climate Change ,, 2, 1-3, 2018.03.
193. Loeschel A., and Managi S. , Economic Analysis of Energy Demand: Insights for Industries and Households, Resource and Energy Economics, 2018.03.
194. Rajapaksa D., Islam M., and Managi, Pro-Environmental Behavior: The Role of Public Perception in Infrastructure and the Social Factors for Sustainable Development, Sustainability, 10.3390/su10040937, 10(4), 937-937, 2018.03.
195. Chapman A., Fujii H., and Managi, Key Drivers for Cooperation toward Sustainable Development and the Management of CO2 Emissions: Comparative Analysis of Six Northeast Asian Countries, Economics of Disasters and Climate Change, 10.1007/s41885-018-0025-6, 2(1), 1-3, 2018.03.
196. Nozawa Wataru, Tamaki Tetsuya, Managi Shunsuke, Development Level and Optimal Mixture of Adaptation and Mitigation Investments, Journal of Cleaner Production, 10.1016/j.jclepro.2018.03.103, 186, 57-67, 2018.03.
197. Modeling the spatio-temporal dynamics of land use change with recurrent neural networks
This study applies recurrent neural networks (RNNs), which are known for its

ability to process sequential information, to model the spatio-temporal

dynamics of land use change (LUC) and to forecast annual land use maps of the

city of Tsukuba, Japan. We develop two categories of RNN models: 1) simple RNN,

which is the basic RNN variant, 2) three RNN variants with advanced gated

architecture: long short-term memory (LSTM), LSTM with peephole connection

(LSTM-peephole), and gated recurrent unit (GRU) models. The four models are

developed using spatio-temporal data with high temporal resolution, annual data

for the periods 2000 to 2010, 2011 and 2012 to 2016 are used for training,

validation and testing, respectively. The predictive performances are evaluated

using classification metrics (accuracy and F1 score) and the map comparison

metrics (Kappa simulation and fuzzy Kappa simulation). The results show that

all RNN models achieve F1 scores higher than 0.55, and Kappa simulations higher

than 0.47. Out of the four RNN models, LSTM and LSTM-peephole models

significantly outperform the other two RNN models. Furthermore, LSTM-peephole

model slightly outperforms the LSTM model. In addition, the results indicate

that the RNN models with gated architecture, which have better ability to model

longer temporal dependency, significantly outperform the simple RNN model.

Moreover, the predictive performance of LSTM-peephole model gradually decreases

with the decrease of temporal sequential length of the training set. These

results demonstrate the benefit of taking temporal dependency into account to

model the LUC process with RNNs..
198. Tsurumi T., Imauji A., and Managi S. , Greenery and Subjective Well-being: Assessing the Monetary Value of Greenery by Type, Ecological Economics, 10.1016/j.ecolecon.2018.02.014, 148, 152-169, 2018.02.
199. Toyosada K., Otani T., Shimizu Y., Takata H., Sakamoto K., Murakawa S., Managi S.., Vietnam’s Future Water Usage Model: A Controlled Living Experiment, The European Journal of Finance, 10.4236/jwarp.2018.102012, 10, 204-214, 2018.02.
200. Khanal U., Wilson C., Managi S., Lee B., Hoang V., and Gifford R., Psychological Influence on Survey Incentives: Valuingclimate Change Adaptation Benefits in Agriculture, Environmental Economics and Policy Studies, 10.1007/s10018-017-0195-4, 20(2), 305-324, 2018.02.
201. Kurniawan R., Managi S. , Linking Wealth and Productivity of Natural Capital for 140 Countries between 1990 and 2014, Social Indicators Research , 141(1), 443-462, 2018.01.
202. Sekitou M., Tanaka K., and Managi S., Household Electricity Demand after the Introduction of Solar Photovoltaic Systems, Economic Analysis and Policy, 10.1016/j.eap.2017.04.001, 57, 102-110, 2018.01.
203. Darshana Rajapaksa, Wasantha Athukorala, Shunsuke Managi, Prasad Neelawala, Boon Lee, Viet Ngu Hoang, Clevo Wilson, The impact of cell phone towers on house prices
evidence from Brisbane, Australia, Environmental Economics and Policy Studies, 10.1007/s10018-017-0190-9, 20, 1, 211-224, 2018.01, The growing public pressure against the spread of cell phone towers in urban areas has created a need to understand their impact on adjacent house prices. A few existing studies are, however, controversial in their methodology and inconclusive in their results. Therefore, our study on the effect of cell phone towers on house prices is designed to avoid these deficiencies. Property transaction data collected from two suburbs within the Brisbane City Council were analysed adopting the spatial hedonic property valuation model. The estimated models were statistically significant and were largely in line with theoretical expectations. The results revealed that proximity to cell phone towers negatively affects house values, decreasing as the distance from the tower increases. A suitable compensation programme for nearby property owners is, therefore, suggested as being an appropriate policy response..
204. Du G., Yuan L., Shin K.J., and Managi S. , A Comparative Approach to Modeling Multiple Urban Land Use Changes using Tree-based Methods and Cellular Automata: The Case of Greater Tokyo Area, International Journal of Geographical Information Science , 10.1080/13658816.2017.1410550, 32(4), 757-782, 2017.12.
205. Wakamatsu M., Shin K.J., Wilson C., and Managi S. , Exploring a Gap between Australia and Japan in the Economic Valuation of Whale Conservation?, Ecological Economics , 10.1016/j.ecolecon.2017.12.002, 148, 397-407, 2017.12.
206. Fujii H., Iwata K., and Managi S. , How Do Urban Characteristics Affect Climate Change Mitigation Policies?, Journal of Cleaner Production, 10.1016/j.jclepro.2017.08.221, 168, 271-278, 2017.12.
207. Tanaka K., Sekito M., Managi S., Kaneko S., and Rai V., Decision-Making Governance for Purchases of Solar Photovoltaic Systems in Japan, Energy Policy, 10.1016/j.enpol.2017.08.008, 111, 75-84, 2017.12.
208. Rajapaksa D., Zhu M., Lee B., Hoang V., Wilson C., and Managi S., The Impacts of Flood Dynamics on Property Values?, Land Use Policy, 10.1016/j.landusepol.2017.08.038, 69, 317-325, 2017.12.
209. Yoshida Y., Tanaka K., and Managi S., Which Dynamic Pricing Rule is Most Preferred by Consumers?—Application of Choice Experiment, Journal of Economic Structures, 10.1007/s41885-017-0008-z, 6(4), 1-11, 2017.12.
210. Goonetilleke A., Liu A., Managi S., Wilson C., Gardner T., Bandala E.R., Walker L., Holden J., Wibowo M.A., Suripin S., Joshi H., Bonotto D.M., and Rajapaksa D., Stormwater Reuse, A Viable Option: Fact or Fiction?, Economic Analysis and Policy , 10.1016/j.eap.2017.08.001, 56, 14-17, 2017.12.
211. Fujii H., and Managi S.., Decomposition Analysis of Water Treatment Technology Patents, Water,, 9, 11, 860, 2017.11.
212. Fujii H., Okamoto S., Kagawa S., and Managi S. , Decomposition of Toxicity Emission Changes on the Demand and Supply sides: Empirical Study of the US Industrial Sector, Environmental Research Letters, 10.1088/1748-9326/aa9c66, 12(12), 88-124, 2017.11.
213. Halkos G., and Managi S. , Measuring the Effect of Economic Growth on Countries' Environmental Efficiency: A Conditional Directional Distance Function Approach, Environmental and Resource Economics, 10.1007/s10640-016-0046-y, 68(3), 753-775, 2017.11.
214. Halkos G., and Managi S., Recent Advances in Empirical Analysis on Growth and Environment: Introduction, Environment and Development Economics, 10.1017/S1355770X17000286, 22(6), 649-657, 2017.11.
215. Shin K.J. and Managi S., Liberalization of Retail Electricity Market: Consumer Satisfaction and Household Switching Behavior in Japan, Energy Policy, 10.1016/j.enpol.2017.07.048, 111, 875-685, 2017.11.
216. Saito O., Managi S., Kanie N., Kauffman J., and Takeuchi K., Sustainability Science and Implementing the Sustainable Development Goals, Sustainability Science, 10.1007/s11625-017-0486-5, 12(6), 907-910, 2017.11.
217. Ikeda S., Tamaki T., Nakamura H., and Managi S., Inclusive Wealth of Regions: The Case of Japan, Sustainability Science, 10.1007/s11625-017-0450-4, 12(6), 991-1006, 2017.11.
218. Abe K., Ishimura G., Tsurumi T., Managi S., Sumaila U.R., Does Trade Openness Reduce a Domestic Fisheries Catch?, Fisheries Science, 10.1007/s12562-017-1130-0, 83(6), 897-906, 2017.11.
219. Fukushima Y., Ishimura G., Komasinski A., Omoto R. and Managi S., Education and Capacity Building with Research: A possible case for Future Earth, International Journal of Sustainability in Higher Education, 10.1108/IJSHE-10-2015-0170, 18(2), 263-276, 2017.11.
220. Tanaka T., Kurakawa Y., Sawada E., Akao K., Managi S., Energy Conservation and Risk of Electric Outage: Laboratory Experimental Study, Journal of Energy Engineering, 10.1061/(ASCE)EY.1943-7897.0000386a, 143(3), 2017.11.
221. Fujii H., and Managi S., Decomposition Analysis of Forest Ecosystem Services Values, Water, 10.3390/w9110860, 9(11), 880-880, 2017.11.
222. Analysis of energy use behavior under the electric outage using by a laboratory experiment.
223. Kitamura T., and Managi S., Driving Force and Resistance: Network Feature in Oil Trade, Applied Energy, 10.1016/j.apenergy.2017.10.028, 208, 361-375, 2017.10.
224. Tsurumi T. and Managi S., Monetary Valuations of Life Conditions in a Consistent Framework: The Life Satisfaction Approach, Journal of Happiness Studies, 10.1007/s10902-016-9775-4, 18(5), 1275-1303, 2017.10.
225. Zhu X., Gu R. Wu B., and Managi S. , Does Hazy Weather Influence Earnings Management of Heavy-Polluting Enterprises? A Chinese Empirical Study from the Perspective of Negative Social Concerns, Sustainability, 10.3390/su91222960000386, 9(12), 2,296-2,296, 2017.10.
226. Rajapaksa D., Islam M., and Managi S., Natural Capital Depletion: The Impact of Natural Disasters on Inclusive Growth, Economics of Disasters and Climate Change, 10.1007/s41885-017-0009-y, 1(3), 233-244, 2017.10.
227. Sugiawan Y., Islam M., and Managi S., Global Marine Fisheries with Economic Growth, Economic Analysis and Policy, 10.1016/j.eap.2017.08.004, 55, 158-168, 2017.09.
228. Halkos G., Managi S., and Tsilika K., Evaluating a Continent-wise Situation for Capital Data, Economic Analysis and Policy, 10.1016/j.eap.2017.05.003, 55, 57-74, 2017.09.
229. Halkos G., and Managi S., Land Use, Forest Preservation and Biodiversity in Asia, Journal of Forest Economics, 10.1016/j.jfe.2017.08.008, 29, PartA:1-3, 2017.08.
230. Imamura K., Managi S., Saito S., and Nakashizuka T., Abandoned Forest Ecosystem: Implications for Japan’s Oak Wilt Disease, Journal of Forest Economics, 10.1016/j.jfe.2017.08.008, 29, PartA:56-61, 2017.08.
231. Athukorala W., Wilson C., and Managi S., Social Welfare Losses from Groundwater over-extraction for Small-scale Agriculture in Sri Lanka: Environmental concern for Land Use, Journal of Forest Economics, 10.1016/j.jfe.2017.04.002, 29, PartA:47-55, 2017.08.
232. Kitamura T., and Managi S., Energy Security and Potential Supply Disruption: A Case Study in Japan, Energy Policy, 10.1016/j.enpol.2017.08.008, 110, 99-104, 2017.08.
233. Wakamatsu M., Shin K.J., Wilson C., and Managi S., Can Bargaining Resolve the International Conflict over Whaling?, Marine Policy, 10.1016/j.marpol.2017.04.002, 81, 312-321, 2017.07.
234. Onuma H., Shin K.J. and Managi S., Reduction of Future Disaster Damages by Learning from Disaster Experiences, Natural Hazards, 10.1007/s11069-017-2825-3, 87(3), 1435-1452, 2017.07.
235. Jayarathna1 L., Rajapaksa R., Managi S., Athukorala W., Torgler B., Garcia-Valiñas M.A., and Wilson C., A GIS based Spatial Decision Support System for Analysing Residential Water Demand: A Case Study in Australia, Sustainable Cities and Society , 10.1016/j.scs.2017.03.012, 32, 67-77, 2017.07.
236. Managi S., and Wakamatsu M. , Pay Countries to Stop Whaling, Nature, 10.1038/546352c, 546, 352-352, 2017.06.
237. Lee B., Wilson C., Pasurka C.A., Fujii H., and Managi S., Sources of Airline Productivity from Carbon Emissions: An Analysis of Operational Performance under Good and Bad Outputs, Journal of Productivity Analysis, 10.1007/s11123-016-0480-4, 47(3), 223-246, 2017.06.
238. Yamaguchi R., and Managi S., New Financing for Sustainable Development: The Case for NNP- or Inclusive Wealth–Linked Bonds, The Journal of Environment & Development, 10.1177/1070496516687344, 26(2), 214-239, 2017.06.
239. Fujii H., and Managi S., Wastewater Management Efficiency and Determinant Factors in the Chinese Industrial Sector from 2004 to 2014, Water, 10.3390/w9080586, 9(8), 536-536, 2017.06.
240. Munro A., and Managi S., Going Back: Radiation and Intentions to Return amongst Households Evacuated after the Great Tohoku Earthquake, Economics of Disasters and Climate Change, 10.1007/s41885-017-0001-6, 1(1), 77-93, 2017.06.
241. Noy I., Managi S., and Hallegatte S., Disasters and Climate Change Economics: - a New Journal for a Changing World, Economics of Disasters and Climate Change, 10.1007/s41885-017-0008-z, 1(1), 1-3, 2017.06.
242. Halkos G., Managi S., and Zisiadou A., Analyzing the Determinants of Terrorist Attacks and their Market Reactions, Economic Analysis and Policy, 10.1016/j.eap.2017.02.002, 54, 57-73, 2017.06.
243. Shunsuke Managi, Mihoko Wakamatsu, Conservation: Pay countries to stop whaling, Nature, 10.1038/546352c, 546, 7658, 352, 2017.06.
244. プロジェクト評価の新潮流:新国富論による地域の真の豊かさ.
245. 佐渡島:地方創成にむけた新国富指標の可能性に関する考察
吉田 有紀・松田 浩敬・池田真也・武内 和彦・馬奈木俊介(2017) 「佐渡島: 地方創生に向けた新国富指標の可能性に関する考察」 馬奈木俊介(編) 『豊かさの価値評価―新国富指標の構築』pp.119-135. 中央経済社.
246. Strategic and organizational project management supporting Sustainable Development for the Smart Cities
To solve the social problems we are facing, it is urgent to develop the strategic and organizational project management method for implementing the sustainable smart cities, information technologies and industrial firm. Assessment index of the city is a structured indicator system to carry out integrated evaluation in the three aspects of economic, social, environment, such as Inclusive Wealth Index. To be compatible with international standard such as ISO 37120 (Indicators for city services and quality of life)and ISO TS 37151 (Performance metrics for smart community infrastructures), we propose a strategic and organizational project management supporting Sustainable Development for the Smart Cities with Creating Shared Value ,by effective, efficient and acceptable use of new ITs, i.e., IoT, Big data, and Artificial Intelligence..
247. Horie S., and Managi S., Why Do People Stay in or Leave Fukushima?, Journal of Regional Science, 10.1111/jors.12341, 5(7), 840-857, 2017.04.
248. Fujii H., Sato M., and Managi S., Decomposition Analysis of Forest Ecosystem Services Values, Sustainability, 10.3390/su9050687, 9(5), 687-687, 2017.04.
249. Toyosada K., Otani T., Shimizu Y., and Managi S., Water Quality Study on the Hot and Cold Water Supply Systems at Vietnamese Hotels, Water, 10.3390/w9040251, 9(4), 251-251, 2017.04.
250. Shinya Horie, Shunsuke Managi, Why Do People Stay in or Leave Fukushima?, Journal of Regional Science, 10.1111/jors.12341, 2017.03, From the originally constructed survey data from 2011 Fukushima incident, this paper empirically assessed the sources of failures in disaster risk mitigation in short run. Although residential relocation from the cites at risk is one of the effective risk reduction measures, the relocation incurs mobility costs of developing social capital such as communities or searching public services such as education and medical institutions. The estimation results showed that the residents in the disaster cites of 2011 Fukushima incident can tolerate higher risks of radiation exposure when they have attachment to the original residence or higher demands for the public services, and can stay in the cites at risks consequently. Because the tolerance level can depend on the information associated with the risks, the results imply that the authorities’ providing the correct information is one of the keys for the disaster risk reduction in short run..
251. Fujii H., Managi S., Matousek R., and Rughoo A., Bank Efficiency, Productivity and Convergence in EU countries: A Weighted Russell Directional Distance Model, The European Journal of Finance, 10.1080/1351847X.2017.1303527, 28(2), 135-156, 2017.03.
252. Onuma H., Shin K.J. and Managi S., Household Preparedness for Natural Disasters - Impact of disaster experience and implication for future disaster risks in Japan, International Journal of Disaster Risk Reduction, 10.1016/j.ijdrr.2016.11.004, 21, 148-158, 2017.03.
253. Rajapaksa D., Wilson C., Hoang V.,Lee B. , and Managi S., Who Responds More to Environmental Amenities and Dis-amenities?, Land Use Policy, 10.1016/j.landusepol.2016.12.029, 62, 151-158, 2017.03.
254. Halkos G., Managi S., and Tsilika K., Multiple Disasters Management: Lessons from the Fukushima Triple Events, Economic Analysis and Policy, 10.1016/j.eap.2016.12.002, 53, 114-122, 2017.03.
255. Kurniawan R., and Managi S., Sustainable Development and Performance Measurement: Global Productivity Decomposition, Sustainable Development, 10.1002/sd.1684, 25(6), 639-654, 2017.02.
256. 地球温暖化による海洋環境への影響と経済被害:CCS技術の導入.
257. Lee B., Wilson C., Pasurka C.A., Fujii H., Managi S., Sources of Airline Productivity from Carbon Emissions: An Analysis of Operational Performance under Good and Bad Outputs", Journal of Productivity Analysis , 10.1007/s11123-016-0480-4, 2016.09, This study incorporates carbon dioxide emissions in productivity measurement in the airline industry and examines the determinants of productivity change. For this purpose a two-stage analysis under joint production of good and bad outputs is employed to compare the operational performance of airlines. In the first stage, productivity index are derived using the Luenberger productivity indicator. In the second stage, productivity change scores derived therefrom are regressed using the random-effects Generalized Least Squares to quantify determinants of productivity change. The paper finds low cost carriers and average number of hours flown per aircraft having a positive impact on productivity under joint production model while demand variable negatively impacts on productivity under market model..
258. Nakada T., Shin K.J., Managi S., The effect of demand response on purchase intention of distributed generation: Evidence from Japan, Energy Policy, 10.1016/j.enpol.2016.04.026, 94, 307-316, 2016.07.
259. Halkos G.E., Managi S.., Measuring the Effect of Economic Growth on Countries' Environmental Efficiency: A Conditional Directional Distance Function Approach, Environmental and Resource Economics, 10.1007/s10640-016-0046-y, 2016.06, Using a recently developed probabilistic approach of a conditional directional distance function, we measure the effect of economic growth on countries’ environmental efficiency in carbon dioxide emissions for a sample of 99 countries over the period of 1980–2010. Our approach directly accounts for the exogenous factors influencing countries’ environmental production; therefore, we do not impose the separability condition on the estimated environmental efficiencies. When examining the entire sample as well as the sample of developed countries, our results reveal an inverted U-shaped relationship between countries’ GDP per capita and environmental efficiency. However, when examining the relationship for the sample of developing countries, the results reveal an N-shaped form. Moreover, our results show that countries ratifying the Kyoto Protocol tend to have higher efficiency scores, implying that their mitigation activity is less costly..
260. Arimura T.A., Kaneko S., Managi S., Shinkuma T., Yamamoto M., Yoshida Y.., Political Economy of Voluntary Approaches: A Lesson from Environmental Policies in Japan, Economic Analysis and Policy , 64, 41-53, 2016.05.
261. Fujii H., Assaf A.G., Managi S., Matousek R.. , Did the Financial Crisis Affect Environmental Efficiency? Evidence from the Japanese Manufacturing Sector, Environmental Economics and Policy Studies, 10.1007/s10018-015-0127-0, 18(2), 159-168, 2016.04.
262. Fujii H, Shunsuke Managi, The Trend of Corporate Environmental Management Study and Database, Environmental Economics and Policy Studies, 18(2), 265-272, 2016.04.
263. Islam M., Kotani K., Managi S.. , Climate Perception and Flood Mitigation Cooperation: A Bangladesh Case Study, Economic Analysis and Policy, 49, 117-133, 2016.03.
264. Managi S., Sharma S., Economics of Crises and Disasters, Singapole Economic Review, 10.1142/S0217590816400087, 61(1), 10-10, 2016.03.
265. Matsuki Y. and Managi S.., The Impact of Natural Disasters on Manufacturing: Plant-level Analysis for the Great Hanshin-Awaji Earthquake, Singapole Economic Review, 10.1142/S0217590816400087, 61(1), 22-22, 2016.03.
266. Tanaka K., Managi S.. , Impact of a Disaster on Land Price: Evidence from Fukushima Nuclear Power Plant Accident, Singapole Economic Review, 10.1142/S0217590816400087, 61(1), 15-15, 2016.03.
267. Sanaei M., Horie S., and Managi S.., Job Opportunity and Ownership Status: Return Decision after the Great East Japan Earthquake and Tsunami, Singapole Economic Review, 10.1142/S0217590816400087, 61(1), 16-16, 2016.03.
268. Islam M., Kanemoto K., and Managi S.. , Impact of Sectoral Trade on Embodied Emission of Air Pollutants and Greenhouse Gases, Journal of Industrial Ecology, 2016.03.
269. Kazuhiko Takeuchi, Braden Allenby, Thomas Elmqvist, Anantha Kumar Duraiappah, Joanne Kauffman, Norichika Kanie, Shunsuke Managi, Osamu Saito, Call for paper for sustainability science and implementing the sustainable development goals, Sustainability Science, 10.1007/s11625-016-0353-9, 11, 2, 177-178, 2016.03.
271. Kumar S., Managi S., Carbon Sensitive Productivity, Climate and Institutions, Environment and Development Economics, 21(1), 109-133, 2016.02.
272. Fujii H., Managi S.., Economic Development and Multiple Air Pollutant Emissions from the Industrial Sector, Environmental Science and Pollution Research, 23(3), 2802-2812, 2016.02.
273. Yang J., Managi S. , The Dematerialization of Nature Resource and Resource Efficiency during 1990 to 2010, Global Environmental Research, 19(2), 199-206, 2016.02.
274. Managi S., Halkos G.., Production Analysis in Environmental, Resource, and Infrastructure Evaluation, The Journal of Economic Structures, 10.1186/s40008-015-0025-4., 4(1), 1-4, 2016.02.
275. Iwata K., Managi S., Can Land Use Regulations and Taxes Help Mitigate Vehicular CO2 emissions?: An Empirical Study of Japanese Cities, Urban Policy and Research , 10.1080/08111146.2015.1118375, 2016.02.
276. Sakamoto T., ManagiS.., Optimal Economic Growth and Energy Policy: Analysis of Nonrenewable and Renewable Energy, Environmental Economics and Policy Studies , 18(1), 1-19, 2016.01.
277. Shunsuke Managi, Koichi Kuriyama, Environmental economics, Environmental Economics, 10.4324/9781315467337, 1-232, 2016.01, This book aids those concerned about environmental issues to firmly grasp relevant analytical methods and to comprehend the thought process behind environmental economics. It does so by drawing from specific environmental issues and at the same time providing commentary that facilitates understanding. This text contains in-depth explanations necessary for a thorough understanding of the fundamental aspects and importance of environmental economics. Environmental Economics seeks to elucidate the mechanisms that give rise to environmental problems by approaching environmental issues from an economic perspective. At the same time, it is a study aiming to indicate specific countermeasures that could resolve present environmental issues. This text has been put together in way that allows readers without specialized economics knowledge to easily understand the situation, issues and challenges of environmental economics..
278. Sakamoto T., Managi S.., Energy Pricing Impact on Domestic Economy under Recent Climate Action, Economic Analysis and Policy , 10.1016/j.eap.2015.11.005, 48, 150-162, 2015.12.
279. Behling N., Williams M.C., and Managi S.., Fuel Cells and the Hydrogen Revolution: Analysis of a Strategic Plan in Japan, Economic Analysis and Policy, 10.1016/j.eap.2015.10.002, 48, 204-221, 2015.12.
280. Morita T., Managi S.. , Consumers’ Willingness to Pay for Electricity after the Great East Japan Earthquake, Economic Analysis and Policy , 10.1016/j.eap.2015.09.004, 48, 82-105, 2015.12.
281. Halkos G., Managi S., Tzeremes N.., The Effect of Natural and Man-made Disasters on Countries' Production Efficiency, The Journal of Economic Structures, 10.1186/s40008-015-0019-2., 4(1), 2015.12.
282. Cao H., Fujii H., Managi S.. , A Productivity Analysis Considering Environmental Pollution and Diseases in China, The Journal of Economic Structures , 10.1186/s40008-015-0012-9., 4(4), 2015.12.
283. Tsurumi T., Managi S.., Environmental Value of Green Spaces in Japan: An Application of the Life Satisfaction Approach, Ecological Economics ,, 120, 1-12, 2015.12.
284. Carlos Barros, Hidemichi Fujii, Shunsuke Managi, How scale and ownership are related to financial performance? A productivity analysis of the Chinese banking sector, Journal of Economic Structures, 10.1186/s40008-015-0026-3, 4, 1, 2015.12, This paper analyzes productivity with a directional distance function model by investigating convexity and non-convexity in the Chinese banking sector. Two primary findings are summarized. First, there is a distinct change in productivity between large versus small banks and public versus nationwide joint-stock banks
the economies of scale and public orientation of the Chinese economy affect the performance of nationwide joint-stock banks. Second, the number of banks that experience local versus global technological change is small, indicating that productivity changes are driven by national rather than regional dynamics, although minor regional dynamics exist in the data..
285. Dasgupta P., Duraiappah A., ManagiS., Barbier E., Collins R., Fraumeni B., Gundimeda H., Liu G., and Mumford K. J.., How to Measure Sustainable Progress, Science , 13(35), 748-748, 2015.11, In September, the United Nations General Assembly adopted Sustainable Development Goals (SDGs), to be met by the year 2030. These important goals range from poverty eradication and improvements in education and health to the protection of global assets, including the oceans and a stable climate. Unfortunately, neither the SDGs nor their background documents explain how governments should judge whether the development programs they undertake to meet the goals are sustainable..
286. Hidemichi Fujii, Shunsuke Managi, Optimal production resource reallocation for CO2 emissions reduction in manufacturing sectors, GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS, 10.1016/j.gloenvcha.2015.06.005, 35, 505-513, 2015.11, To mitigate the effects of climate change, countries worldwide are advancing technologies to reduce greenhouse gas emissions. This paper proposes and measures optimal production resource reallocation using data envelopment analysis. This research attempts to clarify the effect of optimal production resource reallocation on CO2 emissions reduction, focusing on regional and industrial characteristics. We use finance, energy, and CO2 emissions data from 13 industrial sectors in 39 countries from 1995 to 2009. The resulting emissions reduction potential is 2.54 Gt-CO2 in the year 2009, with former communist countries having the largest potential to reduce CO2 emissions in the manufacturing sectors. In particular, basic material industry including chemical and steel sectors has a lot of potential to reduce CO2 emissions. (C) 2015 Elsevier Ltd. All rights reserved..
287. Huang W., Cui S., Hashimoto Y., YarimeM., Shunsuke Managi, Improving Urban Metabolism Study for Sustainable Urban Transformation, Environmental Technology & Innovation,, 4, 62-72, 2015.10.
288. Tsurumi T.,Managi S. , and Hibiki A. ., Do Environmental Regulations Increase Bilateral Trade Flows?, The B.E. Journal of Economic Analysis and Policy , 15(4), 1549-1577, 2015.10.
289. Koki Oikawa, Shunsuke Managi, R&D in Clean Technology: A Project Choice Model with Learning, Journal of Economic Behavior & Organization ,, 21, 175-195, 2015.09, In this study, we investigate the qualitative and quantitative effects of an R&D subsidy for clean technology and a Pigouvian tax on a dirty technology on environmental R&D when it is uncertain how long the research takes to complete. The model is formulated as an optimal stopping problem, in which the number of successes required to complete the R&D project is finite and which incorporates learning about the probability of success. We show that the optimal R&D subsidy with the consideration of learning is higher than that without it. We also find that an R&D subsidy performs better than a Pigouvian tax unless the government can induce suppliers to make cost reduction efforts even after the new technology successfully replaces the old one. Moreover, by a two-project model, we show that a uniform subsidy is better than a selective subsidy.
290. Yagi M., Fujii H., Hoang V., Managi S.., Environmental Efficiency of Energy, Materials, and Emissions, Journal of Environmental Management , doi: 10.1016/j.jenvman.2015.06.054. , 161, 206-218, 2015.09.
291. Koki Oikawa, Shunsuke Managi, R&D in clean technology: A project choice model with learning, JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 10.1016/j.jebo.2015.06.015, 117, 175-195, 2015.09, In this study, we investigate the qualitative and quantitative effects of an R&D subsidy for a clean technology and a Pigouvian tax on a dirty technology on environmental R&D when it is uncertain how long the research takes to complete. The model is formulated as an optimal stopping problem, in which the number of successes required to complete the R&D project is finite and learning about the probability of success is incorporated. We show that the optimal R&D subsidy with the consideration of learning is higher than that without it. We also find that an R&D subsidy performs better than a Pigouvian tax unless suppliers have sufficient incentives to continue cost-reduction efforts after the new technology successfully replaces the old one. Moreover, by using a two-project model, we show that a uniform subsidy is better than a selective subsidy. (C) 2015 Elsevier B.V. All rights reserved..
292. Kagohashi K., Tsurumi T., Managi S.., The Effects of International Trade on Water Use, PLOS ONE, doi:10.1371/journal., 10(7), e0132133, 2015.07.
293. Kagawa S., Hashimoto S., Managi S., Special issue: Studies on Industrial Ecology, Environmental Economics and Policy Studies , 17(3), 361-368, 2015.07.
294. Yang J., Managi S., Sato M., The Effect of Institutional Quality on National Wealth: An Examination using Multiple Imputation Method, Environmental Economics and Policy Studies, 17(3), 431-453, 2015.07.
295. Chen P-C, Yu M-M., Chang C-C., Hsu S-H., Managi Shunsuke , The Enhanced Russell-Based Directional Distance Measure with Undesirable Outputs: Numerical Example Considering CO2 Emission, Omega - The International Journal of Management Science ,, 53, 30-40, 2015.06, Following the spirit of the enhanced Russell graph measure, this paper proposes an enhanced Russell-based directional distance measure (ERBDDM) model for dealing with desirable and undesirable outputs in data envelopment analysis (DEA) and allowing some inputs and outputs to be zero. The proposed method is analogous to the output oriented slacks-based measure (OSBM) and directional output distance function approach because it allows the expansion of desirable outputs and the contraction of undesirable outputs. The ERBDDM is superior to the OSBM model and traditional approach since it is not only able to identify all the inefficiency slacks just as the latter, but also avoids the misperception and misspecification of the former, which fails to identify null-jointness production of goods and bads. The paper also imposes a strong complementary slackness condition on the ERBDDM model to deal with the occurrence of multiple projections. Furthermore, we use the Penn Table data to help us explore our new approach in the context of environmental policy evaluations and guidance for performance improvements in 111 countries.
296. Ito Y., Shunsuke Managi, The Potential of Alternative Fuel Vehicles: A Cost-Benefit Analysis, Research in Transportation Economics ,, 2015.06, This study investigates the economic validity of the diffusion of fuel cell vehicles (FCVs) and all-electric vehicles (EVs), employing a cost-benefit analysis from the social point of view. This research assumes the amount of NOx and tank-to-wheel CO2 emissions and gasoline use reduction as the benefits and the purchase costs, infrastructure expenses, and maintenance costs of alternative vehicles as the costs of switching internal combustion engine (ICE) vehicles to alternative energy vehicles. In addition, this study conducts a sensitivity analysis considering cost reductions in FCV and EV production and increasing costs for CO2 abatement as well as increasing gasoline prices. In summary, the results show that the diffusion of FCVs is not economically beneficial until 2110, even if the FCV purchase cost decreases to that of an ICE vehicle. EV diffusion might be beneficial by 2060 depending on increases in gasoline prices and CO2 abatement costs..
297. Tetsuya Tsurumi, Hideyuki Mizobuchi, Shunsuke Managi, A monetary evaluation of life: Life satisfaction approach, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 157-194, 2015.06.
298. Kei Kabaya, Shunsuke Managi, Conclusion, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 306-308, 2015.06.
299. Tania Ray Bhattacharya, Shunsuke Managi, Contributions of the private sector to global biodiversity protection, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 263-296, 2015.06.
300. Kenta Tanaka, Shunsuke Managi, Ecologically friendly transportation: Cost analysis of subsidy and tax reduction scheme, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 297-305, 2015.06.
301. Yutaka Ito, Shunsuke Managi, Effects of disasters on markets, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 197-227, 2015.06.
302. Tetsuya Tsurumi, Shunsuke Managi, Environmental Kuznets curve: Economic growth and emission reduction, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 49-70, 2015.06.
303. Cao Huijuan, Hidemichi Fujii, Shunsuke Managi, Environmental impact of mega events, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 228-241, 2015.06.
304. Shunsuke Managi, Kei Kabaya, Introduction, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 1-4, 2015.06.
305. Shunsuke Managi, Preface, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, xv-xvi, 2015.06.
306. Shunsuke Managi, The economics of green growth: New indicators for sustainable societies, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 1-312, 2015.06, The Economics of Green Growth investigates the possibility of creating an integrated indicator covering three pillars of sustainable development: economy, society and the environment. The excessive pursuit of economic efficiency has resulted in severe environmental problems such as climate change and biodiversity loss, and societal human issues such as inequality and disparity. The book aims to change the direction of economic growth towards one which is more sustainable. It explores beyond the conventional indicator, the GDP that measures economic growth and human well-being. It also introduces new indicators relevant to sustainable development and a green economy and discusses the key issues for these indicators..
307. Po-Chi Chen, Ming-Miin Yu, Ching-Cheng Chang, Shih-Hsun Hsu, Shunsuke Managi, The enhanced Russell-based directional distance measure with undesirable outputs: Numerical example considering CO2 emissions, OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE, 10.1016/, 53, 30-40, 2015.06, Following the spirit of the enhanced Russell graph measure, this paper proposes an enhanced Russell-based directional distance measure (ERBDDM) model for dealing with desirable and undesirable outputs in data envelopment analysis (DEA) and allowing some inputs and outputs to be zero. The proposed method is analogous to the output oriented slacks-based measure (OSBM) and directional output distance function approach because it allows the expansion of desirable outputs and the contraction of undesirable outputs. The ERBDDM is superior to the OSBM model and traditional approach since it is not only able to identify all the inefficiency slacks just as the latter, but also avoids the misperception and misspecification of the former, which fails to identify null-jointness production of goods and bads. The paper also imposes a strong complementary slackness condition on the ERBDDM model to deal with the occurrence of multiple projections. Furthermore, we use the Penn Table data to help us explore our new approach in the context of environmental policy evaluations and guidance for performance improvements in 111 countries. (C) 2014 Elsevier Ltd. All rights reserved..
308. Fujii Hidemichi, Shunsuke Managi, Optimal Production Resource Reallocation for CO2 Emissions Reduction in Manufacturing Sectors, Global Environmental Change , 35, 505-513, 2015.05, To mitigate the effects of climate change, countries worldwide are advancing technologies to reduce greenhouse gas emissions. This paper proposes and measures optimal production resource reallocation using data envelopment analysis. This research attempts to clarify the effect of optimal production resource reallocation on CO2 emissions reduction, focusing on regional and industrial characteristics. We use finance, energy, and CO2 emissions data from 13 industrial sectors in 39 countries from 1995 to 2009. The resulting emissions reduction potential is 2.54 Gt-CO2 in the year 2009, with former communist countries having the largest potential to reduce CO2 emissions in the manufacturing sectors. In particular, basic material industry including chemical and steel sectors has a lot of potential to reduce CO2 emissions..
309. Chen P-C., Yu M-M., Chang C-C., Hsu S-H., Managi S.., Non-radial Directional Performance Measurement with Undesirable Outputs: An Application to OECD and Non-OECD Countries, International Journal of Information Technology & Decision Making , 10.1142/S0219622015500091, 14(3), 481-520, 2015.05.
310. Hatase K., Managi S. , Increase in Carbon Prices: Analysis of Energy-Economy Modeling, Environmental Economics and Policy Studies , 17(2), 241-262, 2015.04.
311. Fujii H., Edamura K., Furusawa Y., Fukuzawa N., Shunsuke Managi, How Enterprise Strategies are Related to Innovation and Productivity Change: An Empirical Study of Japanese Manufacturing Firms, Economics of Innovation and New Technology, 24(3), 248-262, 2015.03.
312. Surender Kumar, Shunsuke Managi, Carbon Sensitive Productivity, Climate and Institutions, Environment and Development Economics,, 2015.02, Climate and institutions might be crucial in lowering the vagaries of climate change impacts in terms of productivity. This study measures the relationships of productivity measures adjusted for the regulation of carbon emission and institutions together with climate change throughout the world. This paper finds that there is higher potential for reduction of CO2 emissions in developing countries at lower cost. However, the cost to reduce emissions lowers their growth potential in terms of lost productivity growth. Better institutions help to lower the negative impacts of climate change by improving the process of technological adoption in developing countries. Climate change reduces the productivity growth in developing countries by lowering the process of technological adoption, and better institutions result in higher productivity.
313. Fujii H., Cao J., Shunsuke Managi, Decomposition of Productivity considering Multi-Environmental Pollutants in Chinese Industrial Sector, Review of Development Economics, 19 (1), 75-84, 2015.02, The objective of this study is to calculate and decompose productivity incorporating multi-environmental pollutants in Chinese industrial sectors from 1992 to 2008. We apply a weighted Russell directional distance model to calculate productivity from both the economic and environmental performance. The main findings are: (1) Chinese industrial sectors increased productivity, with the main contributing factors being labor saving prior to 2000; (2) The main contributing factors for productivity growth in coastal areas include both economic and environmental performance improvement. While central and western regions improved productivity owing to economic development, they have a trade-off relationship between economic and environmental performance.
314. Hatase K, Shunsuke Managi, Increase in Carbon Prices: Analysis of Energy-Economy Modeling, Environmental Economics and Policy Studie, 17 (2), 241-262, 2015.01, This study examines the mechanisms of social cost of carbon (SCC) and marginal abatement cost (MAC) in climate change modeling. To examine these mechanisms, we observed the shifts in the marginal benefit (MB) and marginal cost (MC) curves of carbon dioxide (CO2) abatement when parameter values are changed. In the observation, we used the DICE model proposed by Nordhaus (A question of balance: weighing the options on global warming policies. Yale University Press, New Haven, 2008) changing 24 parameters for the observation. In consequent, firstly, we have found that discount rate is not only one of the parameters which significantly raise the carbon price, that is, other parameters may have significant impact too. Secondly, we have found that there are two patterns in the rise of the SCC, and three patterns in the rise of the MAC. Thirdly, we have found that the difference between the rise of the SCC and MAC is primarily caused by the horizontal MB curve in CO2 emissions reduction; an upward shift of MC curve raises MAC but never raises the SCC. Thus, the choice of the SCC or MAC may make the change of carbon price different, affecting global warming policy..
315. Kumar S., Fujii H., Managi S.., Substitute or Complement? Assessing Renewable and Nonrenewable Energy in OECD Countries, Applied Economics, 47, 1438-1459, 2015.01.
316. Shunsuke Managi, Strengthening scientists and engineers appreciation of the real world, Topical Themes in Energy and Resources: A Cross-Disciplinary Education and Training Program for Environmental Leaders, 10.1007/978-4-431-55309-0_14, 245-258, 2015.01, This introduces the increased emphasis on society’s relationship with academic research and how to strengthen students’ experience outside the research laboratory. This is already one of the objectives in the ELTP, but is also expected to gain importance as the new approach to international global environmental change under Future Earth gains momentum. This will require researchers to improve communications with society and its stakeholders, requiring researchers to hone their communication skills and ability to envisage the interests and viewpoints of different stakeholders. The field of environmental economics brings together many aspects of sustainability and its compatibility with the economic system, and this chapter raises a number of questions (including those emerging after the 2011 tsunami and Fukushima nuclear disaster) designed to encourage students to apply a more system-wide and lateral thinking..
317. Mensi W., Beljid M., Shunsuke Managi, "Structural Breaks and the Time-varying levels of Weak-form Efficiency in Crude Oil Markets: Evidence from the Hurst Exponent and Shannon Entropy Methods", International Economics, 10.1016/jinteco.2014.10.001, 140, 89-106, 2014.12.
318. Eiji Sawada, Shunsuke Managi, Effects of Technological Change on Non-renewable Resource Extraction and Exploration, Journal of Economic Structures, 10.1186/2193-2409-3-1, 3, 1, 2014.12, This paper provides a non-renewable resource extraction model with both technological change and resource exploration. Especially, we consider two types of technology, extraction technology and exploration technology. We show how these technologies affect efficient non-renewable resource extraction differently. Then, progress in extraction technology drops marginal revenue of extraction and resource price by changing the structure of those dynamics, while progress in exploration technology drops marginal revenue of extraction and resource price remaining the structure of those dynamics. Finally, we illustrate the difference becomes significant when innovative technologies are developed using numerical examples..
319. Kotani K., Tanaka K., Shunsuke Managi, “Cooperative Choice and its Framing Effect under Threshold Uncertainty in a Provision Point Mechanism”, Economics of Governance, 10.1007/s10101-014-0147-4, 15(4), 329-353, 2014.11.
320. Tsurumi T., Shunsuke Managi, "The Effect of Trade Openness on Deforestation: Empirical Analysis for 142 Countries”, Environmental Economics and Policy Studies, 16 (4), 305-324, 2014.10.
321. Co-benefit of Climate Countermeasures.
322. Barros C.P., Shunsuke Managi, Matousek R., Sergi B.S.., “The Integration of Baltic Banks into the EU Banking Market: Evidence from the Pre-crisis Period”, Journal of Finance and Management in Public Services, 13 (1), 2014.07.
323. Higashida K., Tanaka K., Shunsuke Managi, “A Laboratory Assessment of Choices of Vessel Sizes under Individual Transferable Quotas Regimes”, Australian Journal of Agricultural and Resource Economics, 58 (3), 353-373, 2014.07.
324. Taniakwa H., Shunsuke Managi, Lwin C.., “Estimates of Lost Material Stock of Buildings and Roads Due to the Great East Japan Earthquake and Tsunami”, Journal of Industrial Ecology, 10.1111/jiec.12126, 18 (3), 421-431, 2014.06.
325. Kanie N., Abe N., Iguchi M.,Yang J., Kabiri N., Kitamura Y., Shunsuke Managi, Miyazawa I., Olsen S., Tasaki T., Yamamoto T., Yoshida T., Hayakawa Y., "Integrating Sustainable Development Goals (SDGs) into a Post-2015 Development Agendas”, Sustainability, 6(4), 1761-1775, 2014.05.
326. Zhang Z., Hidemichi Fujii, Shunsuke Managi, “How Does Commuting Behavior Change Due to Incentives? An Empirical Study of the Beijing Subway System”, Transportation Research Part F: Traffic Psychology and Behaviour, 24, 17-26, 2014.05.
327. Norichika Kanie, Naoya Abe, Masahiko Iguchi, Jue Yang, Ngeta Kabiri, Yuto Kitamura, Shunsuke Managi, Ikuho Miyazawa, Simon Olsen, Tomohiro Tasaki, Taro Yamamoto, Tetsuro Yoshida, Yuka Hayakawa, Integration and Diffusion in Sustainable Development Goals: Learning from the Past, Looking into the Future (vol 6, pg 1761, 2014), SUSTAINABILITY, 10.3390/su6053122, 6, 5, 3122-3123, 2014.05.
328. Miyama E., Shunsuke Managi, "Global Environmental Emissions Estimate: Application of Multiple Imputation”, Environmental Economics and Policy Studies, 10.1007/s10018-014-0080-3, 16 (2), 115-135, 2014.04.
329. Kanie N., Shunsuke Managi, "Stimulating 2015 Climate Deal: Governance of Low Carbon Technology Transfer”, Environmental Economics and Policy Studies, 16 (2), 111-113, 2014.04.
330. Barros C.P., Ibiowie A., Shunsuke Managi, “Nigeria’ Power Sector: Analysis of Productivity”, Economic Analysis and Policy, 10.1016/jeap.2014.02.003, 44, 65-73, 2014.03.
331. Iwata K., Ito Y., Shunsuke Managi, “Public and Private Mitigation for Natural Disasters in Japan”, International Journal of Disaster Risk Reduction, 10.1016/j.ijdrr.2013.12.005, 7, 39-50, 2014.03.
332. Compliance Behavior and Institutional Design : Analysis of Emissions Trading by Laboratory Experimental Approach.
333. Sawada E., Shunsuke Managi, “Effects of Technological Change on Nonrenewable Resource Extraction and Exploration.”, Journal of Economic Structures, 3 (1), 1-12, 2014.02.
334. Uchida H., Onozaka Y., Morita T., Shunsuke Managi, “Demand for Ecolabeled Seafood in Japanese Market: A Conjoint Analysis of the Impact of Information and Interactions with Other Labels”, Food Policy, 44 (1), 68-76, 2014.02.
335. Intra-Industry spillover effects of ISO 14001 adoption in Japan
© 2014, CESER Publications. Employing an extensive dataset of Japanese production facilities across a large number of industries, this paper examines the determinants of ISO 14001 adoption and the existence of intra-industry spillovers. To estimate the spillovers, we employ a spatial autoregressive probit model. We find two types of ISO 14001 adoption spillovers; supply-side (technical capacity) and demand side (market pressure from competitors). Particularly, there are positive spillovers between facilities with similar sale in the same industry. Estimation results also suggest that plant size, air emission intensity and pressure from neighboring residents have a significant effects on ISO 14001 adoption. However, local governments’ support programs do not stimulate ISO 14001 adoption..
336. Fujii H., Shunsuke Managi, “Determinants of Eco-efficiency in the Chinese Industrial Sector”, Journal of Environmental Sciences, 10.1016/S1001-0742(14)60619-7, 25, S20-S26, 2013.12.
337. Kagawa S., Hubacek K., Kataoka M., Nansai K., Shunsuke Managi, Suh S., Kudoh Y., “Better Cars or Older Cars?: Assessing CO2 Emission Reduction Potential of Passenger Vehicle Replacement Programs”, Global Environmental Change, 23 (6), 1807-1818, 2013.12.
338. 原子力発電 英国で始まった電力市場改革 原発に固定価格買い取り制度を導入.
339. Ishinabe N., Fujii H., Shunsuke Managi, “The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies”, PLoS ONE, 10.1371/journal.pone.0078703 , 8(11), e78703, 2013.11.
340. Fujii H., Shunsuke Managi, “Decomposition Analysis of Air Pollution Abatement in China: Empirical Study for Ten Industrial Sectors from 1998 to 2009”, Journal of Cleaner Production,, 59 (15), 22-31, 2013.11.
341. Ito Y., Shunsuke Managi, Matsuda A., “Performances of Socially Responsible Investment and Environmentally Friendly Funds”, Journal of the Operational Research Society, 64, 1583-1594, 2013.11.
342. Tanaka K., Shunsuke Managi, “Measuring Productivity Gains from Deregulation of the Japanese Urban Gas Industry”, The Energy Journal, 34 (4), 181-198, 2013.10.
343. Shoyama K., Shunsuke Managi, Yamagata Y., “Public Preferences for Biodiversity Conservation and Climate-Change Mitigation: a Choice Experiment using Ecosystem Services Indicators”, Land Use Policy,, 34, 282-293, 2013.09.
344. Shunsuke Managi, Hibiki A, Shimane T., “Efficiency or Technology Adoption: A Case Study in Waste- Treatment Technology”, Resource and Energy Economics, 36 (2), 586-600, 2013.09.
345. Fuiji H., Shunsuke Managi, Matousek M., “Indian Bank Efficiency and Productivity Changes with Undesirable Outputs: A disaggregated approach”, Journal of Banking and Finance, 38 (1), 41-50, 2013.09.
346. Shunsuke Managi, Okimoto T., “Does the Price of Oil Interact with Clean Energy Prices in the Stock Market?”, Japan and the World Economy,, 27, 1-9, 2013.08.
347. Higashida K., Shunsuke Managi, "Determinants of Trade in Recyclable Wastes: Evidence from Commodity-Based Trade of Waste and Scrap", Environment and Development Economics, 19 (2), 250-270, 2013.08.
348. Baskaran R, Bendig M., Shunsuke Managi, “Public Perspective on the Adoption of Microgeneration Technologies in New Zealand: A Multivariate Probit Approach”, Energy Policy,, 58, 177-188, 2013.07.
349. Akao K., Shunsuke Managi, “A Tradable Permit System in an Intertemporal Economy”, Environmental and Resource Economics, 10.1007/s10640-012-9628-5, 55 (3), 309-336, 2013.07.
350. Fujii H., Shunsuke Managi, “Which Industry is Greener? An Empirical Study of Nine Industries in OECD Countries”, Energy Policy,, 57, 381-388, 2013.06.
351. Fujii H., Shunsuke Managi, “Decomposition of Toxic Chemical Substance Management in three U.S. Manufacturing Sectors from 1991 to 2008”, Journal of Industrial Ecology, 10.1111/j.1530-9290.2012.00527, 17 (3), 461-471, 2013.06.
352. Mensi W., Beljid M., Boubaker A., Shunsuke Managi, “Correlations and Volatility Spillovers across Commodity and Stock Markets: Linking Energies, Food, and Gold”, Economic Modelling,, 32, 15-22, 2013.05.
353. Kaneko S., Fujii H., Shunsuke Managi, “Wastewater Pollution Abatement in China: A Comparative Study of fifteen Industrial Sectors from 1998 to 2010”, Journal of Environmental Protection,, 4, 290-300, 2013.03.
354. Fujii H., Iwata K., Kaneko S., Shunsuke Managi, “Corporate Environmental and Economic Performances of Japanese Manufacturing Firms: Empirical Study for Sustainable Development”, Business Strategy and Environment, 10.1002/bse.1747, 22 (3), 187-201, 2013.03.
355. Barros C.P., Chen Z., Shunsuke Managi, Antunes O., "Examining the Cost Efficiency of Chinese Hydroelectric Companies Using a Finite Mixture Model", Energy Economics,, 36(1), 511-517, 2013.03.
356. Aruga K., Shunsuke Managi, “Linkage among the U.S. Energy Futures Markets”, International Journal of Global Energy Issues, 10.1504/IJGEI.2013.055934, 36 (1), 13-26, 2013.02.
357. Bhattacharya T.R, Shunsuke Managi, “Contributions of the Private Sector to Global Biodiversity Protection: Case Study of the Fortune 500 Companies”, International Journal of Biodiversity Science, Ecosystem Services & Management, 10.1080/21513732.2012.710250, 9(1), 65-86, 2013.02.
358. Ito N., Takeuchi K., Shunsuke Managi, “Willingness-to-pay for Infrastructure Investments for Alternative Fuel Vehicles”, Transportation Research Part D: Transport and Environment,, 18 (1), 1-8, 2013.01.
359. Surender Kumar, Shunsuke Managi, The potential for LCE in India, Climate Smart Development in Asia: Transition to Low Carbon and Climate Resilient Economies, 10.4324/9780203141564, 41-56, 2013.01.
360. Fujii H, Shunsuke Managi, Kaneko S., A Water Resource Efficiency Analysis of the Chinese Industrial Sector, Environmental Economics, 3(3), 82-92, 2012.10.
361. Numata D., Shunsuke Managi, “Demand for Refilled Reusable Products”, Environmental Economics and Policy Studies, 14 (2), 421-436, 2012.10.
362. Nakano M., Shunsuke Managi, “Waste Generations and Efficiency Measures in Japan”, Environmental Economics and Policy Studies, 14 (2), 327-339, 2012.10.
363. D’Amato A., Shunsuke Managi, Mazzanti M., “Economics of Waste Management and Disposal: Decoupling, Policy Enforcement and Spatial factors”, Environmental Economics and Policy Studies, 14 (2), 323-325, 2012.10.
364. Kumar S., Shunsuke Managi, “Productivity and Convergence in India: A State-Level Analysis”, Journal of Asian Economics, 23 (5), 548-559, 2012.10.
365. Shunsuke Managi, Okimoto T., Matsuda A.., “Do Socially Responsible Investment Indexes Outperform Conventional Indexes?”, Applied Financial Economics, 22 (18), 1511-1527, 2012.09.
366. 小谷 浩示, 田中 健太, 馬奈木 俊介, On fundamental performance of a marketable permits system in a trader setting: Double auction vs. uniform price auction, Economics & Management Series, 2012.08, The marketable permits systems have been widely suggested as a potential solution for environmental problems. A critical feature in the market is that an agent can be both sellers and buyers of permits, so-called "trader settings." Although properties of the marketable permits in non-trader settings are well-documented, little is known in a trader setting, particularly about how different auction mechanisms perform and how much each of them achieves efficiency. To answer the questions, we have designed and implemented two different auction mechanisms of trader settings for marketable permits in controlled laboratory experiments: (i) Double auction (DA), and (ii) Uniform price auction (UPA). To the best of our knowledge, this research is the first which designs and implements UPA for marketable permits in a trader setting, and makes a direct comparison with the performance of DA on the same ground. We obtain the following novel results: (1) UPA is more efficient than DA in a trader setting, which is in sharp contrast with the established result in non-trader settings, (2) UPA generates more stable price dynamics and (3) UPA induces subjects to reveal more truthfully about abatement costs for emissions through their trading behaviors. With these results, we conclude that UPA is more likely to work better than DA in a trader setting..
367. Fujii H., Shunsuke Managi, “Productive Inefficiency Analysis and Toxic Chemical Substances in US and Japanese Manufacturing Sectors", Asian Business & Management 11, 10.1057/abm.2012.8, (3), 291-310, 2012.07.
368. Mitchell C., Froggatt A., Shunsuke Managi, Japanese energy policy stands at a crossroads, The Guardian, 2012.05.
369. Shinkuma T., Shunsuke Managi, “Effectiveness of Policy against Illegal Disposal of Waste”, Environmental Economics and Policy Studies, 14(2), 123-145, 2012.04.
370. Kerstens K., Shunsuke Managi, "Total Factor Productivity Growth and Convergence in the Petroleum Industry: Empirical Analysis Testing for Convexity", International Journal of Production Economics, 139 (1), 196-206, 2012.04.
371. Kumar S., Shunsuke Managi, Matsuda A., "Stock Prices of Clean Energy Firms, Oil and Carbon Markets: A Vector Autoregressive Analysis", Energy Economics,, 34 (1), 215-226, 2012.01.
372. Barros C.P., Shunsuke Managi, Matousek R., "The Technical Efficiency of the Japanese Banks: Non-Radial Directional Performance Measurement with Undesirable Output”, Omega - The International Journal of Management Science,, 40 (1), 1-8, 2012.01.
373. Shunsuke Managi, Kei Kabaya, Conclusion: Towards biodiversity conservation, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 228-237, 2012.01.
374. Tania Ray Bhattacharya, Shunsuke Managi, Convention on biological diversity and other initiatives for worldwide protection of biological diversity and ecosystem services, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 19-34, 2012.01.
375. Tetsuya Tsurumi, Kei Kuramashi, Shunsuke Managi, Determinants of happiness: Environmental degradation and attachment to nature, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 62-86, 2012.01.
376. Kentaka Aruga, Shunsuke Managi, Diversity on fisheries: Price volatilities in the Japanese market, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 202-216, 2012.01.
377. Keisaku Higashida, Kenta Tanaka, Shunsuke Managi, Evaluation of offset schemes with a laboratory experiment, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 164-182, 2012.01.
378. Kentaka Aruga, Shunsuke Managi, Market delineation among the Japanese retail fish markets, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 217-227, 2012.01.
379. Shunsuke Managi, Preface, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, xiii-xiv, 2012.01.
380. Kei Kabaya, Shunsuke Managi, Productivity analysis on ecosystems and biodiversity, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 87-107, 2012.01.
381. Kei Kabaya, Shunsuke Managi, Project portfolio analysis of global ecosystem restoration, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 185-201, 2012.01.
382. Kei Kabaya, Shunsuke Managi, Sustainable use of ecosystem services, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 3-18, 2012.01.
383. Shunsuke Managi, The economics of biodiversity and ecosystem services, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 1-240, 2012.01, Ecosystems and biodiversity have been degraded over decades due to human activities. One of the critical causes is market failure: The current market only accounts tangible resources and neglects intangible functions, such as climate control and natural hazard mitigation. Under such circumstances in capitalism, land conversion and resource exploitation, which generate financial income, are highly prioritised over conservation, which is not necessarily beneficial in monetary terms.
To halt ecosystem degradation, thus, the values of ecosystem services need to be visualised and economic instruments for ecosystem conservation should be further developed. This book focuses on these two aspects and performs several studies, including valuation of ecosystem services, productivity analysis, institutional design of payment for ecosystem services (PES), impact assessment of reduction emission from deforestation and forest degradation (REDD), and economic experiment of mitigation banking scheme. From these analysis, economic values of ecosystem services are demonstrated from both supply and demand side, and the directions for improving economic instruments are indicated both directly and indirectly.
As many of these analysis are usually conducted in the North America and Europe, this book is unique in geographical focus, namely, Japan, Asia and globe. Also, wide variety of ecosystems are targeted for studies
agricultural lands, forests, wetlands, and marine. Hence, this will be informative introduction for those who desire to study economics of biodiversity and ecosystem services in these regions and of these ecological zones..
384. Aruga K., Shunsuke Managi, “Testing the International Linkage in the Platinum-group Metal Futures Markets", Resources Policy,, 36 (4), 339-345, 2011, 2011.12.
385. Barros C.P., Shunsuke Managi, Yoshida Y., “Heterogeneity on the Technical Efficiency in Japanese Airports", The Singapore Economic Review, 10.1142/S0217590811004419 , 56 (4), 523-534, 2011.12.
386. Kumar S., Shunsuke Managi, Non-Separability and Substitutability among Water Pollutants: Evidence from India, Environment and Development Economics,, 16 (6), 709-733, 2011.12.
387. Aruga K., Shunsuke Managi, “Price Linkages in the Copper Futures, Primary, and Scrap Markets", Resources, Conservation & Recycling,, 56 (1), 43-47, 2011.11.
388. Hou W., Tanikawa H., Tsurumi T., Shunsuke Managi, Shirakawa H., Study on quantification of relationship between land use and GDP based on Global scale spatial information, the Thirteenth International Summer Symposium, JSCE, Vol.13, 325-327, 2011.08.
389. Fujii H, Shunsuke Managi, H Kawahara,, “The Pollution Release and Transfer Register System in the U.S. and Japan: An Analysis of Productivity", Journal of Cleaner Production,, 19 (12), 1330-1338, 2011.08.
390. Tanaka K, Shunsuke Managi, Kondo K., Masuda K., Yamamoto Y., "Potential Climate Effect on Japanese Rice Productivity", Climate Change Economics, 10.1142/S2010007811000280, 2 (3), 237-255, 2011.08.
391. Shunsuke Managi, Technology, natural resources and economic growth: Improving the environment for a greener future, Technology, Natural Resources and Economic Growth: Improving the Environment for a Greener Future, 10.4337/9781849807418, 1-435, 2011.07, Through a combination of global data analysis and focused country level analysis, this timely book provides answers to the most pertinent country and industry specific questions defining the current relationship between technology, natural resources and economic growth..
392. Fukuyama H., Yoshida Y., Shunsuke Managi, “Modal Choice between Air and Rail: A Social Efficiency Benchmarking Analysis that considers CO2 Emissions", Environmental Economics and Policy Studies, 10.1007/s10018-010-0006-7, 13 (2), 89-102, 2011.06.
393. 低炭素社会への道:政策とビジネスとのリンケージ.
394. Aruga K., Shunsuke Managi, “Tests on Price linkage between the U.S. and Japanese Gold and Silver Futures Markets”, Economics Bulletin, 31(2), 1038-1046, 2011.04.
395. Assaf A., Barros C.P., Shunsuke Managi, "Cost Efficiency of Japanese Steam Power Generation Companies: A Bayesian Comparison of Random and Fixed Frontier Models", Applied Energy,, 88 (4), 1441-1446, 2011.04.
396. Shinkuma T., Shunsuke Managi, "A License Scheme: An Optimal Waste Management Policy under Asymmetric Information", Journal of Regulatory Economics, 10.1007/s11149-010-9136-x, 39 (2), 143-168, 2011.04.
397. 小谷 浩示, 田中 健太, 馬奈木 俊介, Cooperative choice and its framing effect under threshold uncertainty in a provision point mechanism, Economics & Management Series, 2011.03, This paper explores how threshold uncertainty affects cooperative behaviors in each of public goods provision and public bads prevention. The following facts motivate our study. First, resource and environmental problems can be either framed as public bads prevention or public goods provision. Second, the occurrence of these problems is characterized by the existence of thresholds which is interchangeably represented by "nonconvexity," "bifurcation," "bi-stability," or "catastrophes." Third, the location of such a threshold is mostly unknown to observers. We employ a provision point mechanism with threshold uncertainty, and analyze the response of cooperative behaviors to uncertainty and to the framing in each type of social preferences categorized by a value orientation test. We find that aggregate framing effects are negligible, though response to the frame is opposite to the type of social preference in each subject. "Cooperative" subjects become more cooperative in negative frames than in positive frames, while "individualistic" subjects are less cooperative in negative frames than in positive ones. This implies that insigni cance of the aggregate framing effect arises from the behavioral asymmetry. We also find the percentage of cooperative choices non-monotonically varies with the degree of threshold uncertainty, irrespective of framing and value orientation. More specifcally, the degree of cooperation is highest in the intermediate level of threshold uncertainty, whereas it sharply drops as the uncertainty becomes suffciently large..
398. Hibiki A., Shunsuke Managi, "Environmental Information Provision, Market Valuation, and Firm Incentives: An Empirical Study of the Japanese PRTR System.", Land Economics, 86 (2), 382-393, 2011.01.
399. Hibiki A., Shunsuke Managi, " Does the Housing Market Respond to Information Disclosure?: Effects of Toxicity Indices in Japan", Journal of Environmental Management, 92 (1), 165-171, 2011.01.
400. Yagi M., Shunsuke Managi, "Catch Limits, Capacity Utilization and Cost Reduction in Japanese Fishery Management", Agricultural Economics, 10.1111/j.1574-0862.2010.00533.x, 42 (5), 577-592, 2011.01.
401. Takayoshi Shinkuma, Shunsuke Managi, Waste and recycling: Theory and empirics, Waste and Recycling: Theory and Empirics, 10.4324/9780203828014, 1-154, 2011.01, As –business as usual— has become the mantra of today's world, it's unlikely to see a decrease in hazardous waste generated from greater economic growth. Written by renowned experts, the book suggests a solution, supported by theoretical arguments to this waste problem. The book discusses how main problems for waste management can be addressed through appropriate policies adopted by governments in OECD countries.
The book also raises thoughtful questions on how household waste management services should be privatized and who should pay for the disposal and recycling costs. It attempts to answer these questions. The book considers several factors hindering the first-best optimal outcome and highlights two crucial ones. It elaborates further with models and the solutions on how to overcome these obstacles.
The book covers not only traditional resource economics and waste management, but also the recent problem of Electric waste (E-waste) and illustrates in details, how the environments of developing countries are inevitably polluted even with the Basel ban Amendment in place. The book proposes an alternative international trading regulation to address E-waste. This book will certainly appeal to industry decision-makers, policy makers and legislators..
402. Shunsuke Managi, “Productivity Measures and Effects from Subsidies and Trade: An Empirical Analysis for Japan’s Forestry", Applied Economics, 10.1080/00036840802360146 , 42 (30), 3871-3883, 2010.12.
403. Tsurumi T., Shunsuke Managi, "Does Energy Substitution Affect Carbon Dioxide Emissions-Income Relationship?”, Journal of The Japanese and International Economies,, 24(4), 540-551, 2010.12.
404. Carlos Pestana Barros, Shunsuke Managi, Yuichiro Yoshida, TECHNICAL EFFICIENCY, REGULATION AND HETEROGENEITY IN JAPANESE AIRPORTS, PACIFIC ECONOMIC REVIEW, 10.1111/j.1468-0106.2010.00524.x, 15, 5, 685-696, 2010.12, In this paper, the random stochastic frontier model is used to estimate the technical efficiency of Japanese airports, with regulation and heterogeneity included in the variables. The airports are ranked according to their productivity for the period 1987-2005 and homogeneous and heterogeneous variables in the cost function are disentangled. Policy implications are derived..
405. Nakano M., Shunsuke Managi, "The Productivity Analysis with CO2 Emissions in Japan", Pacific Economic Review15., 10.1111/j.1468-0106.2010.00526.x, 15(5), 708-718, 2010.11.
406. 環境政策における市場の機能と予算配分.
407. Michael Rock, James T. Murphy, Rajah Rasiah, Paul van Seters, Shunsuke Managi, Erratum to A hard slog, not a leap frog: Globalization and sustainability transitions in developing Asia [Technol. Forecast. Soc. Change, 76, (2009), 241-254], Technological Forecasting and Social Change, 10.1016/j.techfore.2010.06.022, 77, 7, 1194, 2010.09.
408. Onozuka Y., Uchida H., Morita T., Shunsuke Managi, Uninformed or Uninterested? Survey Examined Japanese Consumer' Interest in Sustainable Seafood, Global Aquaculture Advocate, 58-60, 2010.08.
409. Barros C.P., Shunsuke Managi, Yoshida Y.., "Productivity Growth and Biased Technological Change in Japanese Airports", Transport Policy,, 17 (4), 259-265, 2010.08.
410. Fujii H., Kaneko S., Shunsuke Managi, "Changes in Environmentally Sensitive Productivity and Technological Modernization in China’s Iron and Steel Industry in the 1990s”, Environment and Development Economics, 15 (4), 485-504, 2010.08.
411. Shinkuma T., Shunsuke Managi, "On the Effectiveness of a License Scheme for E-waste Recycling: The Challenge of China and India", Environmental Impact Assessment Review,, 30 (4), 262-267, 2010.07.
412. Kumar S., Shunsuke Managi, "Environment and Productivities in Developed and Developing Countries: The Case of Carbon Dioxide and Sulfur Dioxide”, Journal of Environmental Management,, 91 (7), 1580-1592, 2010.07.
413. Kumar S, Shunsuke Managi, "Service Quality and Performance Measurement: Evidence from the Indian Water Sector", International Journal of Water Resources Development, 10.1080/07900621003655726, 26 (2), 173-191, 2010.06.
414. Shunsuke Managi, Bwalya S.M., "Foreign Direct Investment and Technology Spillovers in Sub-Saharan Africa", Applied Economics Letters, 17(6), 605-608, 2010, 2010.04.
415. Tsurumi T., Shunsuke Managi, "Decomposition of the Environmental Kuznets Curve: Scale, Technique, and Composition Effects”, Environmental Economics and Policy Studies, 10.1007/s10018-009-0159-4, 11 (1), 19-36, 2010.02.
416. Kumar S., Shunsuke Managi, "Sulfur Dioxide Allowances: Trading and Technological Progress", Ecological Economics,, 69 (3), 623-631, 2010.01.
417. Barros C.P., Shunsuke Managi, Matousek R., "Productivity Growth and Biased Technological Change: Credit Banks in Japan", Journal of International Financial Markets, Institutions & Money,, 19 (5), 924-936, 2009.12.
418. Barros C.P., Shunsuke Managi, "Productivity Assessment of Angola's Oil Blocks", Energy, 34 (11), 2009-2015, 2009.11.
419. Kumar S, Shunsuke Managi, "Energy Price-Induced and Exogenous Technological Change: Assessing the Economic and Environmental Outcomes", Resource and Energy Economics, 31 (4), 334-353, 2009.11.
420. Carlos Pestana Barros, Shunsuke Managi, Productivity assessment of Angola's oil blocks, ENERGY, 10.1016/, 34, 11, 2009-2015, 2009.11, This paper analyzes the change in productivity as a result of Angola oil policy from 2001 to 2007. Angola oil blocks are the main source of tax receipts and, therefore, strategically important for public finances. A Malmquist index with the input technological bias is applied to measure productivity change. Oil blocks on average became both more efficient and experienced technological progress. Our results indicate that the traditional growth accounting method, which assumes Hicks neutral technological change, is not appropriate for analyzing changes in productivity for Angola oil blocks. Policy implications are derived. (C) 2009 Elsevier Ltd. All rights reserved..
421. Kumar S., Shunsuke Managi, "Compensation for Environmental Services and Intergovernmental Fiscal Transfers: The Case of India", Ecological Economics,, 68 (12), 3052-3059, 2009.10.
422. Subjective Well-Being Index and Environment
Recently, researches start to analyze subjective happiness index. This study examines the effect of environmental protection on happiness after eliminating the effect of economic factor such as Gross domestic products and unemployment. We analyze four environmental indices: local pollutants of suspended particulate matters (PM10) and sulfur dioxide (SO2) and global environmental indices of energy use and carbon dioxide. The result implies that only the deterioration of pollution level of PM10 and SO2 have a negative effect on happiness, and reduction of these pollutants contribute to improve happiness..
423. Barros C.P., Shunsuke Managi, Regulation, Pollution and Heterogeneity in Japanese Steam Power Generatio Companies, Energy Policy,, 37(8), 3109-3114, 2009.08.
424. Karemera D., Shunsuke Managi, Reuben L., Spann O., "The Impacts of Exchange Rate Volatility on Vegetable Trade Flows", Applied Economics, 43 (13), 1607-1616, 2009.07.
425. Shunsuke Managi, Kumar S.., "Trade-Induced Technological Change: Analyzing Economic and Environmental Outcomes ", Economic Modelling, 10.1016/j.econmod.2009.02.002 , 26(3), 721-732, 2009.05.
426. Shunsuke Managi, Kaneko S., "Environmental Performance and Returns to Pollution Abatement in China", Ecological Economics, 68(6), 1643-1651, 2009.04.
427. Shunsuke Managi, Hibiki A, Tsurumi T., "Does Trade Openness Improve Environmental Quality?", Journal of Environmental Economics and Management, 10.1016/j.jeem, 58 (3), 346-363, 2009.04.
428. Tsurumi T., Shunsuke Managi, "World Emissions and Economic Growth: Application of Nonparametric Methods.", International Journal of Global Environmental Issues, 9(1/2), 69-83, 2009.02.
429. Kaneko S, Shunsuke Managi, Fujii H., Tsurumi T., "Does an Environmental Kuznets Curve for Waste Pollution Exist in China?.", International Journal of Global Environmental Issues, 9(1/2), 4-19, 2009.02.
430. Rock M, Murphy J.T., Rasiah R., P. van Seters, Shunsuke Managi, A Hard Slog, not a Leap frog: Globalization and Sustainability Transitions in Developing Asia, Technological Forecasting and Social Change,, 76(2), 241-254, 2009.02.
431. Surender Kumar, Shunsuke Managi, Introduction, ECONOMIC AND INDUSTRIAL DEMOCRACY, 10.1177/0143831X08099441, 30, 1, 5-7, 2009.02, Surender Kumar, Shunsuke Managi, 2009, 'Introduction', The Economics of Sustainable Development, pp. 1-7.
432. Carlos Pestana Barros, Ade Ibiwoye, Shunsuke Managi, PRB Population Reference Bureau, AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT, 10.1111/j.1467-8268.2008.00196.x, 20, 3, 505-528, 2008.12, The aim of this paper is to estimate the productivity change of Nigerian insurance companies and to rank the companies analysed in the sample according to their productivity score. This benchmark exercise provides the companies analysed with a view of how their relative productivity can be upgraded. For this purpose, the non-parametric Luenberger productivity model is used. For comparative purposes, the non-parametric Luenberger-Hicks-Moorsteen productivity indicator is also used. The companies are ranked according to their total productivity for the period 1994-2005, using both models, which produce variations in the respective results. Economic implications arising from the study are derived..
433. Barros C.P., Ibiwoye A., Shunsuke Managi, "Productivity Change of Nigerian Insurance Companies: 1994-2005", African Development Review, 10.1111/j.1467-8268.2008.00196.x, 20(3), 505-528, 2008.11.
434. 環境科学の到達点と今後.
435. Shunsuke Managi, Yamamoto Y., Iwamoto H., Masuda K., “Valuing the Influence of Underlying Attitudes and the Demand for Organic Milk in Japan.", Agricultural Economics, 10.1111/j.1574-0862.2008.00337.x, 39(3), 339-348, 2008.10.
436. Kotani K., Shunsuke Managi, Tanaka K.., "Further Investigations of Framing Effects on Cooperative Choices in a Provision Point Mechanism.", Economics Bulletin, 3 (51), 1-9, 2008.08.
437. Reduction of C02 emissions by utilizing public transportation systems.
438. Corporate Social Responsibility and Evaluation of Firms
Object of this study is to understand how corporate social responsibility is related to firm' intangible asset. This study applies the ratings by Sustainable Management Rating Institutes and identifies the correlation to Tobin's q. We find positive correlation with compliance of the law, firm' culture, rules of organizations, transportation, and sustainable management..
439. Shunsuke Managi, Jena P.R.., "Environmental Productivity and Kuznets Curve in India", Ecological Economics,, 65, 2(1) , 432-440, 2008.04.
440. Nakano M., Shunsuke Managi, "Regulatory Reforms and Productivity: An Empirical Analysis of the Japanese Electricity Industry", Energy Policy, 36 (1) , 201-209, 2008.01.
441. Akao K., Shunsuke Managi, "The Feasibility and Optimality of Sustainable Growth under Materials Balance.", Journal of Economic Dynamics and Control, 31 (11), 3778-3790, 2007.12.
442. Shunsuke Managi, Maritime shipping industry and productivity in Japan, Maritime Economics and Logistics, 10.1057/palgrave.mel.9100187, 9, 4, 291-301, 2007.12, The maritime shipping industry has experienced significant technological and management changes over the past several decades. This study analyses the total factor productivity of Japans shipping industry by applying the Luenberger productivity indicator from 1996 to 2005. This is a nonparametric frontier analysis technique, which allows for inefficiency of the production unit. We find large productivity increases in three major maritime shipping firms in Japan, although the magnitudes are different among firms and the general industry trend is declining. © 2007 Palgrave Macmillan Ltd All rights reserved..
443. Vitanov N., Sakai K., Jordanov I.P., Shunsuke Managi, Demura K., "Analysis of a Japan Government Intervention on the Domestic Agriculture Market.", Physica A: Statistical Mechanics and its Applications, 382 (1), 330-335, 2007.08.
444. Syahyadia, Kaneko S., Shunsuke Managi, "Income Inequality Changes during periods of Economic Recovery in Indonesia.", Empirical Economics Letters, 6(4), 307-313, 2007.04.
445. Shunsuke Managi, Vitanov N., Demura K., "Transition of Chaotic Motion to Limit Cycle by Intervention of Economic Policy: An Empirical Analysis.", Nonlinear Dynamics, Psychology, & Life Sciences, 11 (2), 253-265, 2007.04.
446. Kenshi Sakai, Shunsuke Managi, Nikolay K. Vitanov, Katsuhiko Demura, Transition of chaotic motion to a limit cycle by intervention of economic policy: An empirical analysis in agriculture, Nonlinear Dynamics, Psychology, and Life Sciences, 11, 2, 253-265, 2007.04, This paper investigates the transition of dynamics observed in an actual real agricultural economic dataset. Lyapunov spectrum analysis is conducted on the data to distinguish deterministic chaos and the limit cycle. Chaotic and periodic oscillation were identified before and after the second oil crisis, respectively. The statitonarity of the time series is investigated using recurrence plots. This shows that government intervention might reduce market instability by removing a chaotic market's long-term unpredictability. © 2007 Society for Chaos Theory in Psychology &
Life Sciences..
447. Shunsuke Managi, Jena P.R., "Productivity and Environment in India.", Economics Bulletin, 6(4), 307-313, 2007.01.
448. Shunsuke Managi, Kaneko S., "Productivity of Market and Environmental Abatement in China.", Environmental Economics and Policy Studies, 7 (4), 459-470, 2006, 2006.12.
449. Shunsuke Managi, J.J. Opaluch, D. Jin, T.A. Grigalunas, " Stochastic Frontier Analysis of Total Factor Productivity in the Offshore Oil and Gas Industry.", Ecological Economics, 60 (1), 204-215, 2006.11.
450. Shunsuke Managi, J.J. Opaluch, D. Jin, T.A. Grigalunas, "Alternative Technology Indexes in the Offshore Oil and Gas Industry.", Applied Economics Letters, 13 (10), 659-663, 2006.08.
451. Shunsuke Managi, "Are There Increasing Returns to Pollution Abatement? Empirical Analytics of the Environmental Kuznets Curve in Pesticides.", Ecological Economics,, 58 (3), 617-636, 2006.06.
452. Akao K., Shunsuke Managi, "Endogenous Growth with Material Balance Principle.", International Journal of Global Environmental Issues, 6 (1), 4-28, 2006.02.
453. Shunsuke Managi, S. Kaneko, "Economic Growth and Environment in China: an Empirical Analysis of Productivity.", International Journal of Global Environmental Issues, 6 (1), 89-133, 2006.02.
454. Shunsuke Managi, Kaneko, S., Energy and Environmental Productivity Change in China, 28th IAEE International Conference. , 2005.06.
455. Shunsuke Managi, J.J. Opaluch, D. Jin, T.A. Grigalunas, "Environmental Regulations and Technological Change in the Offshore Oil and Gas Industry.", Land Economics, 81 (2), 303-319, 2005.05.
456. Shunsuke Managi, J.J. Opaluch, D. Jin, T.A. Grigalunas, "Technological Change and Petroleum Exploration in the Gulf of Mexico.", Energy Policy,, 33 (5), 619-632, 2005.03.
457. Shunsuke Managi, H. Kawajiri, T. Tsurumi., “Regional Economic Integration and Trade: An Empirical Evaluation of NAFTA and EU.", International Journal of Agricultural Resources, Governance and Ecology, 4 (1), 1-23, 2005.02.
458. Shunsuke Managi, D. Karemera, "The Effects of Environment & Technology on Agricultural Export.", International Journal of Agricultural Resources, Governance and Ecology, 4 (1), 45-63, 2005.02.
459. Competitiveness and environmental policies for agriculture: Testing the Porter hypothesis
Porter hypothesis suggests tougher environmental regulations could spur technological growth, leading to an increase in productivity of market outputs, simultaneously providing greater environmental protection. This study tests the Porter hypothesis in US agriculture using state level data from 1973 through 1996. Luenberger productivity indexes, which are dual to the profit function and do not require the choice of input-output orientation, are measured with and without environmental factors. This study also tests the direction of causality between technological progress and stringent environmental regulation, and find support for a recast version of the Porter hypothesis, however, reject a standard version of the Porter hypothesis. Copyright © 2004 Inderscience Enterprises Ltd..
460. Complexity of agricultural commodity cycle: A chaotic time series analysis
Most empirical investigations of agricultural markets have been conducted using linear models. Therefore, nonlinear dynamic patterns of the market cannot be predicted based on these models under any circumstances. Consequently, little is known about the role of nonlinear dynamics and the whether we can predict the market both for short- and long-term in agriculture. We utilise the real world data of piglet market data in Japan to understand nonlinear dynamics. The post-second oil crisis data showed that both short- and long-term predictions were possible with a high degree of accuracy. The pre-crisis data showed the possibility of short-term prediction, but the impossibility of long-term prediction. The results implied that the dynamics were chaotic in the pre-crisis period. Since government fixed price system was introduced after the second oil crisis, we conclude that government policy contribute to stabilise the market. Copyright © 2004 Inderscience Enterprises Ltd..
461. Environmental policies for agriculture in Europe
This study analyses the environmental policies in Europe and particularly in Netherlands. Comprehensive analysis of their policy package, which includes environmental taxes, tax exemptions, and the voluntary environmental agreement are provided. Each method does seem to show significant effects to reduce the environmental bads. This paper also presents an economic analysis of the glasshouse horticulture industry in Netherlands focusing on direct and dynamic effects, where direct effect refers to strengthen the cost competitiveness of the industry and dynamic effect refers to the incentives on technological innovations. Copyright © 2004 Inderscience Enterprises Ltd..
462. The impact of subsidies on efficiency and production: Empirical test of forestry in Japan
This study evaluates efficiency of forest management in Japan. Our results show that efficiency of forest management decreases over 25 years period from 1975 to 2000 on an average. The study indicates a substantial variation in efficiency across prefectures with a potential for output saving in the range of 40% on an average. Our econometric results seem to support the hypothesis that government subsidies had an adverse effect on economic performance of forestry sector. More subsidised prefectures were found to exhibit statistically significantly lower levels of efficiency. Copyright © 2004 Inderscience Enterprises Ltd..
463. Shunsuke Managi, Aoyagi S, Horio M, Dynamic Analysis of Japanese Forestry for Renewable Energy Policies, The 8th World Renewable Energy Congress Proceedings., 2004.11.
464. Shunsuke Managi, J.J. Opaluch, D. Jin, T.A. Grigalunas., "Forecasting Energy Supply and Pollution from the Offshore Oil and Gas Industry.", Marine Resource Economics, 19 (3), 307-332, 2004.09.
465. Shunsuke Managi, Horio M., Noda R., Noda R.,, Evaluating Alternative Technologies in Meeting Energy Policy Goals in Japan: Financing Biomass & Waste to Energy Plants, The 8th World Renewable Energy Congress Proceedings., 2004.08.
466. The efficient frontier for spot and forward purchases: An application to electricity
A local electricity distribution company (LDC) can reduce its exposure to the inherent risks of spot-price volatility and uncertain future demand via forward contracts. Management's problem is to determine the optimal forward-contract purchase. We propose a practical three-stage approach for dealing with the problem. The first stage determines art optimal purchase by solving a cost-constrained risk-minimization problem. The second stage derives the efficient frontier of tradeoffs between expected cost and cost risk from the first-stage solution, at various bounds on the expected cost. The optimal solution is found by melding the frontier with management's risk preferences. In the third stage, the model's parameters are estimated from data typically available to an LDC and used to determine its forward-contract purchase..
467. Shunsuke Managi, D. Karemera, "Input and Output Biased Technological Change in U.S. Agriculture.", Applied Economics Letters, 11(5), 283-286, 2004.06.
468. Shunsuke Managi, "Trade Liberalization and the Environment: Carbon Dioxide for 1960-1999.", Economics Bulletin, 17(1), 1-6, 2004.04.
469. Kaneko S, Shunsuke Managi, "Environmental Productivity in China.", Economics Bulletin, 17(2), 1-10, 2004.04.
470. Shunsuke Managi, J.J. Opaluch, D. Jin, T.A. Grigalunas, "Technological Change and Depletion in Offshore Oil and Gas.", Journal of Environmental Economics and Management,, 47 (2), 388-409, 2004.03.
471. S Managi, Luenberger and Malmquist productivity indices in Japan, 1955-1995, APPLIED ECONOMICS LETTERS, 10.1080/1350485032000100170, 10, 9, 581-584, 2003.07, The Luenberger productivity index can simultaneously contract inputs and expand outputs, and is dual to profit maximization. The index is a generalization of the Malmquist productivity index, which is commonly used in productivity studies. Both the Luenberger and Malmquist productivity indices are applied to the prefectural level data in Japan over 1955-1995. If profit maximization assumption is more appropriate than revenue maximization, Malmquist productivity index overestimates productivity changes, since it provides nearly twice growth rate compared to the rate given by the Luenberger productivity index..
472. Shunsuke Managi, "Japan’s Postwar Productivity Analyses.", Empirical Economics Letters 2 (1), 31-39, 2003.01.
473. 環境効果と経済性を考慮した都市排水処理システムの最適化
474. Karemera D., Shunsuke Managi, Davis B., A Gravity Model Analysis of OECD Vegetable Trade Flows and Policy Implications., Third Global Conference on Business and Economics Proceedings., 2004.
475. Shunsuke Managi, Resource Depletion and Environmental Policy: Hybrid Modeling of Economics and Engineering Approaches., 10th Asia Pacific Confederation of Chemical Engineering., 2004.
476. Shunsuke Managi, Kaneko S., Analysis of Technologies in Economy and Environmental Sectors in China., 10th Asia Pacific Confederation of Chemical Engineering, 2004.
477. Shunsuke Managi, Aoyagi S., Horio M., Evaluation and Policy Analysis of Japanese Forestry: Productivity Management and Energy Supply., 10th Asia Pacific Confederation of Chemical Engineering., 2004.
478. Shunsuke Managi, Horio M., Noda, R., Sakai T., Optimal Technological Choices in Meeting Energy Policy Goals in Japan, 10th Asia Pacific Confederation of Chemical Engineering., 2004.
479. Shunsuke Managi, The impacts of rising energy prices on technological progress. , Research commissioned by the New Energy and Industrial Technology Development Organization (NEDO), 2007.
480. Ibiwoye A, Shunsuke Managi, Productivity Change of Nigerian Insurance Companies: 1994-2005, 30(2), 243-254, 2010.
481. Barros C.P., Shunsuke Managi, “Productivity Change of UK Airports”, International Journal of Logistics Economics and Globalisation, 10.1504/IJLEG.2014.064284, 6 (1), 22-41, 2014.
482. Miyamoto T., Shunsuke Managi, “Intra-Industry Spillover Effects of ISO 14001 Adoption in Japan”, International Journal of Ecological Economics & Statistics, 34 (3), 20-36, 2014.
483. Yagi M, Shunsuke Managi, S. Kaneko, “Water Use and Wastewater Discharge of Industrial Sector in China”, International Journal of Ecological Economics & Statistics, 32 (1), 33-43, 2014.
484. Barros C.P., Shunsuke Managi, “Do Pollutions Deter Foreign Direct Investment in China?”, International Journal of Ecological Economics & Statistics, 30(3), 37-45, 2013.
485. Aruga K., Shunsuke Managi, "Testing the Effects of the Japanese Vehicle Emission-control Law on the International Palladium Futures Market”, Economics Bulletin, 32 (2), 1198-1207, 2012.
486. Barros C.P., Shunsuke Managi, Y. Yoshida, "Technical Efficiency, Regulation, and Heterogeneity in Japanese Airports", Pacific Economic Review, 15 (5), 685-695, 2010.
487. Shunsuke Managi, S. Kaneko., "Determinants of Plant Dynamics: Empirical Analysis of the Manufacturing Sector in Indonesia, 1990–2000.", World Review of Entrepreneurship, Management and Sustainable Development, 4 (4), 273-290, 2008.
488. Shunsuke Managi, "Maritime Shipping Industry and Productivity in Japan", Maritime Economics and Logistics, 9 (4), 291-301, 2007.
489. Shunsuke Managi, "Environment, Economic Growth, and the International Trade in High-and Low-Income Countries.", International Journal of Global Environmental Issues, 6(4), 320-330, 2006.
490. Shunsuke Managi, “Pollution, Natural Resource and Economic Growth: an Econometric Analysis”, International Journal of Global Environmental Issues, 6 (1), 73-88, 2006.
491. Shunsuke Managi, D. Karemera, " Trade and Environmental Damage in U.S. Agriculture.", World Review of Science, Technology and Sustainable Development, 2(2), 168-190, 2005.
492. Shunsuke Managi, “Competitiveness and Environmental Policies for Agriculture: Testing the Porter Hypothesis.", International Journal of Agricultural Resources, Governance and Ecology, 3 (3/4), 310-324, 2004.
493. Sakai K., Shunsuke Managi, K. Demura, “Complexity of Agricultural Commodity Cycle: A Chaotic Time Series Analysis.", International Journal of Agricultural Resources, Governance and Ecology, 3 (3/4), 266-287, 2004.
494. Kaneko S., Tanaka, K., T. Toyoda, Shunsuke Managi, “Water Efficiency of Agricultural Production in China: Regional Comparison during 1999-2002.", International Journal of Agricultural Resources, Governance and Ecology, 3 (3/4), 231-251, 2004.
495. Aoyagi S., Shunsuke Managi, “The Impact of Subsidies on Efficiency and Production: Empirical Test of Forestry in Japan.", International Journal of Agricultural Resources, Governance and Ecology, 3 (3/4), 216-230, 2004.
496. Toyoda T., Shunsuke Managi, “Environmental Policies for Agriculture in Europe.", International Journal of Agricultural Resources, Governance and Ecology, 3 (3/4), 175-192, 2004.
497. Shunsuke Managi, "Luenberger and Malmquist Productivity Indices in Japan, 1955-1995.", Applied Economics Letters, 10(9), 581-584, 2003.
498. Shunsuke Managi, H.Imura, “Optimization of Urban Infrastructure Systems Considering Environmental Impact and Cost.", Environmental Systems Research 26, 649-654, 1998.
499. Compensation for Environmental Services and Intergovernmental Fiscal Transfers in India
Shunsuke Managi, Surender Kumar, 'Compensation for Environmental Services and Intergovernmental Fiscal Transfers in India', SSRN Electronic Journal.
500. Productivity and Convergence in India: State Level Analysis
Surender Kumar, Shunsuke Managi, 'Productivity and Convergence in India: State Level Analysis', SSRN Electronic Journal.