Kyushu University Academic Staff Educational and Research Activities Database
List of Papers
Shunsuke Managi Last modified date:2020.10.27

Professor / Urban and Environmental Engineering / Faculty of Engineering

1. 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.
2. 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.
3. 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.
4. 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.
5. Yoo S., Managi S.., Global Mortality Benefits of COVID-19 Action, Technological Forecasting & Social Change,, 160, 120231, 2020.11.
6. Morita T., Managi S.. , Autonomous Vehicles: Willingness to Pay and the Social Dilemma, Transportation Research Part C,, 119, 102748, 2020.10.
7. Katafuchi Y., Kurita K., Managi S.., COVID-19 with stigma: Theory and evidence from mobility data, Economics of Disasters and Climate Change,, 2020.09.
8. 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..
9. 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..
10. Nakamura H., Managi S.., Airport risk of importation and exportation of the COVID-19 pandemic, Transport Policy ,, 96, 40-47, 2020.09.
11. 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.
12. 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.
13. 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.
14. Noy I., Managi S.., It’s Awful, Why Did Nobody See it Coming?, Economics of Disasters and Climate Change,, 4, 429-430, 2020.09.
15. 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.
16. 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.
17. 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.
18. Obara T., Tsugawa S., Managi S.., λ Envy-free Pricing for Impure Public Good,  Economic Theory Bulletin,, 2020.08.
19. 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.
20. Tolliver C., Fujii H., Keeley A. R.,  Managi S.., Green Innovation and Finance in Asia, Asian Economic Policy Review,, 2020.08.
21. 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..
22. Kumagai J., Wakamatsu M., Managi S.., Do commuters adapt to in-vehicle crowding on trains?, Transportation, 2020.07.
23. 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..
24. 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.
25. 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.
26. 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..
27. 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..
28. 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.
29. 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..
30. 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.
31. 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.
32. 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..
33. 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.
34. 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..
35. 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..
36. Jumbri I. A, Managi S. , Inclusive Wealth with Total Factor Productivity: Global Sustainability Measurement, Global Sustainability, 3, e5, 2020.01.
37. 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..
38. 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..
39. 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..
40. 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.
41. 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.
42. Kumagaya J., Managi S.., Environmental Behaviour and Choice of Sustainable Travel Mode in Urban Areas, Production Planning & Control,, 31, 920-931, 2019.12.
43. 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.
44. 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.
45. 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.
46. Nozawa W., Managi S. , Financial Constraints of Firms and Bank Characteristics, Economic Analysis and Policy , 64, 302-316, 2019.12.
47. 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.
48. 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.
49. 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.
50. Managi S. , Is Japan’s Commercial Whaling Doomed?, Nature , 573, 34, 2019.09.
51. 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.
52. 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..
53. 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..
54. 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..
55. Chapman, Andrew, Hidemichi Fujii, and Shunsuke Managi, Multinational Life Satisfaction, Perceived Inequality and Energy Affordability, Nature Sustainability, 2, 6, 508-514, 2019.06.
56. 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.
57. Sugiawan Y., Kurniawan R., Managi S. , Are Carbon Dioxide Emission Reductions Compatible with Sustainable Well-befing?,  Applied Energy, 242, 1-11, 2019.05.
58. 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.
59. 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.
60. 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.
61. 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..
62. 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..
63. 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.
64. 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.
65. 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.
66. 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.
67. 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..
68. 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..
69. 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..
70. 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..
71. 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"..
72. Shin K.J., Tada N., Managi S., Consumer Demand for Fully Automated Driving Technology, Economic Analysis and Policy , 61, 16-28, 2019.03.
73. 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..
74. 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.
75. Islam M., Kanemoto K., Managi S. , Growth Potential for CO2 Emissions Transfer by Tariff Reduction, Environmental Research Letters, 14(2), 024011, 2019.02.
76. Fujii H., Managi S. , Decomposition Analysis of Sustainable Green Technology Inventions in China, Technological Forecasting & Social Change , 139, 10-16, 2019.02.
77. Wakamatsu M., andManagi S.., Examining Public Support for International Agreements on Tuna Management and Conservation, Marine Policy, 100, 298-306, 2019.02.
78. 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.
79. 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..
80. 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..
81. 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.
82. 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.
83. 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.
84. 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.
85. 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.
86. 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.
87. 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..
88. Tsurumi T., Imauji A., Managi S. , Relative Income, Community Attachment and Subjective Well-being: Evidence from Japan, Kyklos , 72, 152-182, 2018.11.
89. 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..
90. 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..
91. 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..
92. 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..
93. 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..
94. 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..
95. 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..
96. 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..
97. 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..
98. 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..
99. 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.
100. 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.
101. 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..
102. 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.
103. 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..
104. 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.
105. 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.
106. 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.
107. 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..
108. 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..
109. Goeschl T.,  Managi S. , Public in-kind Relief and Private Self-insurance, Economics of Disasters and Climate Change , 3(1), 3-21, 2018.05.
110. 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.
111. 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.
112. 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.
113. 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..
114. 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.
115. Du G., Shin K.J., Managi S., Variability in Impact of Air Pollution on Subjective Well-being, Atmospheric Environment , 183, 175-208, 2018.04.
116. 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.
117. 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.
118. Loeschel A., and Managi S. , Economic Analysis of Energy Demand: Insights for Industries and Households, Resource and Energy Economics, 2018.03.
119. 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.
120. 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.
121. 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.
122. 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.
123. 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.
124. 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.
125. 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.
126. 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..
127. 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.
128. 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.
129. 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.
130. 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.
131. 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.
132. 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.
133. 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.
134. Fujii H., and Managi S.., Decomposition Analysis of Water Treatment Technology Patents, Water,, 9, 11, 860, 2017.11.
135. 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.
136. 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.
137. 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.
138. 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.
139. 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.
140. 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.
141. 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.
142. 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.
143. 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.
144. Fujii H., and Managi S., Decomposition Analysis of Forest Ecosystem Services Values, Water, 10.3390/w9110860, 9(11), 880-880, 2017.11.
145. 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.
146. 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.
147. 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.
148. 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.
149. 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.
150. 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.
151. 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.
152. 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.
153. 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.
154. 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.
155. 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.
156. 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.
157. 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.
158. Managi S., and Wakamatsu M. , Pay Countries to Stop Whaling, Nature, 10.1038/546352c, 546, 352-352, 2017.06.
159. 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.
160. 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.
161. 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.
162. 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.
163. 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.
164. 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.
165. 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.
166. Fujii H., Sato M., and Managi S., Decomposition Analysis of Forest Ecosystem Services Values, Sustainability, 10.3390/su9050687, 9(5), 687-687, 2017.04.
167. 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.
168. 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..
169. 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.
170. 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.
171. 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.
172. 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.
173. 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.
174. 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..
175. 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.
176. 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..
177. 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.
178. 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.
179. Fujii H, Shunsuke Managi, The Trend of Corporate Environmental Management Study and Database, Environmental Economics and Policy Studies, 18(2), 265-272, 2016.04.
180. 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.
181. Managi S., Sharma S., Economics of Crises and Disasters, Singapole Economic Review, 10.1142/S0217590816400087, 61(1), 10-10, 2016.03.
182. 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.
183. 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.
184. 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.
185. 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.
186. Kumar S., Managi S., Carbon Sensitive Productivity, Climate and Institutions, Environment and Development Economics, 21(1), 109-133, 2016.02.
187. 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.
188. 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.
189. 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.
190. 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.
191. 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.
192. 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.
193. 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.
194. 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.
195. 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.
196. 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.
197. 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.
198. 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..
199. 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.
200. 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.
201. 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.
202. 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.
203. 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.
204. Kagawa S., Hashimoto S., Managi S., Special issue: Studies on Industrial Ecology, Environmental Economics and Policy Studies , 17(3), 361-368, 2015.07.
205. 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.
206. 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.
207. 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..
208. 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..
209. 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.
210. Hatase K., Managi S. , Increase in Carbon Prices: Analysis of Energy-Economy Modeling, Environmental Economics and Policy Studies , 17(2), 241-262, 2015.04.
211. 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.
212. 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.
213. 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.
214. 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..
215. Kumar S., Fujii H., Managi S.., Substitute or Complement? Assessing Renewable and Nonrenewable Energy in OECD Countries, Applied Economics, 47, 1438-1459, 2015.01.
216. 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.
217. 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.
218. 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.
219. 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.
220. 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.
221. 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.
222. 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.
223. 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.
224. 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.
225. 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.
226. 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.
227. 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.
228. Sawada E., Shunsuke Managi, “Effects of Technological Change on Nonrenewable Resource Extraction and Exploration.”, Journal of Economic Structures, 3 (1), 1-12, 2014.02.
229. 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.
230. 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.
231. 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.
232. 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.
233. 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.
234. 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.
235. Tanaka K., Shunsuke Managi, “Measuring Productivity Gains from Deregulation of the Japanese Urban Gas Industry”, The Energy Journal, 34 (4), 181-198, 2013.10.
236. 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.
237. 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.
238. 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.
239. 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.
240. 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.
241. 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.
242. 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.
243. Fujii H., Shunsuke Managi, “Which Industry is Greener? An Empirical Study of Nine Industries in OECD Countries”, Energy Policy,, 57, 381-388, 2013.06.
244. 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.
245. 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.
246. 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.
247. 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.
248. 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.
249. 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.
250. 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.
251. 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.
252. Fujii H, Shunsuke Managi, Kaneko S., A Water Resource Efficiency Analysis of the Chinese Industrial Sector, Environmental Economics, 3(3), 82-92, 2012.10.
253. Numata D., Shunsuke Managi, “Demand for Refilled Reusable Products”, Environmental Economics and Policy Studies, 14 (2), 421-436, 2012.10.
254. Nakano M., Shunsuke Managi, “Waste Generations and Efficiency Measures in Japan”, Environmental Economics and Policy Studies, 14 (2), 327-339, 2012.10.
255. 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.
256. Kumar S., Shunsuke Managi, “Productivity and Convergence in India: A State-Level Analysis”, Journal of Asian Economics, 23 (5), 548-559, 2012.10.
257. Shunsuke Managi, Okimoto T., Matsuda A.., “Do Socially Responsible Investment Indexes Outperform Conventional Indexes?”, Applied Financial Economics, 22 (18), 1511-1527, 2012.09.
258. 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.
259. Mitchell C., Froggatt A., Shunsuke Managi, Japanese energy policy stands at a crossroads, The Guardian, 2012.05.
260. Shinkuma T., Shunsuke Managi, “Effectiveness of Policy against Illegal Disposal of Waste”, Environmental Economics and Policy Studies, 14(2), 123-145, 2012.04.
261. 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.
262. 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.
263. 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.
264. Aruga K., Shunsuke Managi, “Testing the International Linkage in the Platinum-group Metal Futures Markets", Resources Policy,, 36 (4), 339-345, 2011, 2011.12.
265. 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.
266. Kumar S., Shunsuke Managi, Non-Separability and Substitutability among Water Pollutants: Evidence from India, Environment and Development Economics,, 16 (6), 709-733, 2011.12.
267. Aruga K., Shunsuke Managi, “Price Linkages in the Copper Futures, Primary, and Scrap Markets", Resources, Conservation & Recycling,, 56 (1), 43-47, 2011.11.
268. 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.
269. 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.
270. 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.
271. 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.
272. 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.
273. 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.
274. 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.
275. 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.
276. 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.
277. 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.
278. 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.
279. 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.
280. 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.
281. 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.
282. Barros C.P., Shunsuke Managi, Yoshida Y.., "Productivity Growth and Biased Technological Change in Japanese Airports", Transport Policy,, 17 (4), 259-265, 2010.08.
283. 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.
284. 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.
285. 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.
286. 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.
287. 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.
288. 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.
289. Kumar S., Shunsuke Managi, "Sulfur Dioxide Allowances: Trading and Technological Progress", Ecological Economics,, 69 (3), 623-631, 2010.01.
290. 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.
291. Barros C.P., Shunsuke Managi, "Productivity Assessment of Angola's Oil Blocks", Energy, 34 (11), 2009-2015, 2009.11.
292. 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.
293. Kumar S., Shunsuke Managi, "Compensation for Environmental Services and Intergovernmental Fiscal Transfers: The Case of India", Ecological Economics,, 68 (12), 3052-3059, 2009.10.
294. Barros C.P., Shunsuke Managi, Regulation, Pollution and Heterogeneity in Japanese Steam Power Generatio Companies, Energy Policy,, 37(8), 3109-3114, 2009.08.
295. 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.
296. 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.
297. Shunsuke Managi, Kaneko S., "Environmental Performance and Returns to Pollution Abatement in China", Ecological Economics, 68(6), 1643-1651, 2009.04.
298. 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.
299. 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.
300. 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.
301. 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.
302. 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.
303. 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.
304. 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.
305. Shunsuke Managi, Jena P.R.., "Environmental Productivity and Kuznets Curve in India", Ecological Economics,, 65, 2(1) , 432-440, 2008.04.
306. Nakano M., Shunsuke Managi, "Regulatory Reforms and Productivity: An Empirical Analysis of the Japanese Electricity Industry", Energy Policy, 36 (1) , 201-209, 2008.01.
307. 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.
308. 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.
309. Syahyadia, Kaneko S., Shunsuke Managi, "Income Inequality Changes during periods of Economic Recovery in Indonesia.", Empirical Economics Letters, 6(4), 307-313, 2007.04.
310. 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.
311. Shunsuke Managi, Jena P.R., "Productivity and Environment in India.", Economics Bulletin, 6(4), 307-313, 2007.01.
312. Shunsuke Managi, Kaneko S., "Productivity of Market and Environmental Abatement in China.", Environmental Economics and Policy Studies, 7 (4), 459-470, 2006, 2006.12.
313. 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.
314. 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.
315. 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.
316. Akao K., Shunsuke Managi, "Endogenous Growth with Material Balance Principle.", International Journal of Global Environmental Issues, 6 (1), 4-28, 2006.02.
317. 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.
318. Shunsuke Managi, Kaneko, S., Energy and Environmental Productivity Change in China, 28th IAEE International Conference. , 2005.06.
319. 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.
320. 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.
321. 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.
322. 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.
323. Shunsuke Managi, Aoyagi S, Horio M, Dynamic Analysis of Japanese Forestry for Renewable Energy Policies, The 8th World Renewable Energy Congress Proceedings., 2004.11.
324. 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.
325. 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.
326. Shunsuke Managi, D. Karemera, "Input and Output Biased Technological Change in U.S. Agriculture.", Applied Economics Letters, 11(5), 283-286, 2004.06.
327. Shunsuke Managi, "Trade Liberalization and the Environment: Carbon Dioxide for 1960-1999.", Economics Bulletin, 17(1), 1-6, 2004.04.
328. Kaneko S, Shunsuke Managi, "Environmental Productivity in China.", Economics Bulletin, 17(2), 1-10, 2004.04.
329. 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.
330. Shunsuke Managi, "Japan’s Postwar Productivity Analyses.", Empirical Economics Letters 2 (1), 31-39, 2003.01.
331. 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.
332. Shunsuke Managi, Resource Depletion and Environmental Policy: Hybrid Modeling of Economics and Engineering Approaches., 10th Asia Pacific Confederation of Chemical Engineering., 2004.
333. Shunsuke Managi, Kaneko S., Analysis of Technologies in Economy and Environmental Sectors in China., 10th Asia Pacific Confederation of Chemical Engineering, 2004.
334. 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.
335. 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.
336. Shunsuke Managi, The impacts of rising energy prices on technological progress. , Research commissioned by the New Energy and Industrial Technology Development Organization (NEDO), 2007.
337. Ibiwoye A, Shunsuke Managi, Productivity Change of Nigerian Insurance Companies: 1994-2005, 30(2), 243-254, 2010.
338. 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.
339. 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.
340. 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.
341. Barros C.P., Shunsuke Managi, “Do Pollutions Deter Foreign Direct Investment in China?”, International Journal of Ecological Economics & Statistics, 30(3), 37-45, 2013.
342. 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.
343. Barros C.P., Shunsuke Managi, Y. Yoshida, "Technical Efficiency, Regulation, and Heterogeneity in Japanese Airports", Pacific Economic Review, 15 (5), 685-695, 2010.
344. 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.
345. Shunsuke Managi, "Maritime Shipping Industry and Productivity in Japan", Maritime Economics and Logistics, 9 (4), 291-301, 2007.
346. 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.
347. Shunsuke Managi, “Pollution, Natural Resource and Economic Growth: an Econometric Analysis”, International Journal of Global Environmental Issues, 6 (1), 73-88, 2006.
348. 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.
349. 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.
350. 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.
351. 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.
352. 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.
353. Toyoda T., Shunsuke Managi, “Environmental Policies for Agriculture in Europe.", International Journal of Agricultural Resources, Governance and Ecology, 3 (3/4), 175-192, 2004.
354. Shunsuke Managi, "Luenberger and Malmquist Productivity Indices in Japan, 1955-1995.", Applied Economics Letters, 10(9), 581-584, 2003.
355. Shunsuke Managi, H.Imura, “Optimization of Urban Infrastructure Systems Considering Environmental Impact and Cost.", Environmental Systems Research 26, 649-654, 1998.