| 1. |
Chao Li, Shunsuke Managi, Inappropriate nighttime light reduces living comfort, Environmental Pollution, 10.1016/j.envpol.2023.122173, 334, 122173-122173, 2023.10, Living comfort is an important aspect of human well-being and a critical index of sustainable environments. Many environmental factors are associated with living comfort. Nighttime light (NTL) is remote sensing data that is widely used to reflect development level and economic status, and it also represents the lighting intensity in living environments. However, the relationship between NTL and living comfort is poorly understood. Here, we employ linear regression and a random forest model to investigate the direct impact of NTL on living comfort. Our results show that increased NTL is negatively associated with living comfort, but this relationship may be obscured by other factors, such as infrastructure. According to the nonlinear relationship, when the NTL is approximately 10 nW/cm2∙sr, there is a peak in living comfort. Hence, ensuring a reasonable level of lighting is a key to promoting sustainable development. Our research offers crucial insights that can aid in developing sustainable development policies to enhance livability.. |
| 2. |
Kohei Imamura, Kohei Takenaka Takano, Yumi Yoshida, Tohru Nakashizuka, Shunsuke Managi, Effects of information provision on willingness to pay for conservation of alpine plants in Japan, Journal of Environmental Management, 10.1016/j.jenvman.2023.118175, 342, 118175-118175, 2023.09, Information provision is essential for obtaining the cooperation of the general public for the conservation of unfamiliar ecosystems towards a sustainable (e.g. carbon-neutral and nature-positive) society. The purpose of this study is to identify effective ways of raising public awareness for ecosystem conservation. We explored the interaction between the manner of information provision (i.e. the medium through which and how much information is provided) and the personal attributes (e.g. environmental attitude) of the recipients on their willingness to pay (WTP) for conservation using Japanese alpine plants as the subject. Discrete choice experiments using an online survey were conducted with public citizens aged 20–69 years across Japan, and data from 8457 respondents were analysed. The data analysis was performed in two steps: 1) estimating individual WTP and 2) exploring factors affecting WTP. The results demonstrated that individual WTP was 135,798 ± 82,840 (mean ± standard deviation) JPY per person for a lifetime. The WTP increased when information was provided in the form of short texts and graphics for those proactive about nature conservation, but increased more when video information was provided to those reactive about nature conservation. The study shows that ecosystem conservation groups need to adapt the amount and format of information for target audiences (e.g. Generation Z youth, who are more sustainability-oriented and prefer to accomplish more in less time).. |
| 3. |
Wataru Nozawa, Kenichi Kurita, Tetsuya Tamaki, Shunsuke Managi, To What Extent Will Space Debris Impact the Economy?, Space Policy, 10.1016/j.spacepol.2023.101580, 2023.08. |
| 4. |
Shuning Chen, Kenichi Kurita, Takako Wakiyama, Shigemi Kagawa, Shunsuke Managi, Inclusive wealth footprint for cities in Japan: regional clusters for sustainable development, Sustainability Science, 10.1007/s11625-023-01367-4, 18, 5, 2293-2307, 2023.07. |
| 5. |
Jun Xie, Xiangdan Piao, Shunsuke Managi, Lessons on the COVID-19 pandemic: who are the most affected, Scientific Reports, 10.1038/s41598-023-36493-7, 13, 1, 9365-9365, 2023.06, The COVID-19 pandemic has led to significant changes in work and lifestyle, impacting occupational mental health. This study examines the time and individual heterogeneity in the pandemic's effects on occupational mental health using panel data from job stress checks spanning 2018 to 2021. On average, there was an initial alleviation of high-stress risk in 2020, followed by a deterioration in 2021. Based on the job demand-resource theory, we identify the group of employees most affected by the pandemic. The findings highlight that employees in unfavorable workplace conditions are more likely to experience substantial adverse impacts. Adequate workplace support, including factors like interpersonal relationships, managerial support, job meaning, control, and work-life balance, is crucial for mitigating high-stress risk. Additionally, during the early phase of the pandemic, engaged employees experienced a slight decline in occupational mental health, while those lacking job resources at their worksite faced higher levels of occupational stress in the subsequent year. These findings offer practical suggestions for person-centered coping strategies to mitigate the pandemic's adverse impact.. |
| 6. |
Xiangdan Piao, Shunsuke Managi, The international role of education in sustainable lifestyles and economic development, Scientific Reports, 10.1038/s41598-023-35173-w, 13, 1, 8733-8733, 2023.05, Improved economic growth and environmental protection are necessary to achieve the United Nations’ Sustainable Development Goals. This study examines the relationship between people’s education levels and sustainable lifestyles in protecting the environment and economic growth, as expressed by the increase in household equivalent income. We conducted an original cross-sectional survey, which yielded 100,956 valid observations in 37 countries. The factors included educational level, sustainable lifestyle with natural resource consumption, and household equivalent income for economic development. We used logit and ordered logit model and applied an ordinary linear regression model after confirming the association between education and income. Our analyses found that higher educational levels were associated with an increase in specific environmentally friendly behaviors and sustainable energy consumption. Individuals in the higher educational level group tended to consume recycled goods, purchase energy-saving household products, conserve electricity, and separate their waste. Additionally, higher levels of education were positively associated with equivalent household income in all 37 countries, indicating better economic development. Thus, our study underscores the importance of improving education at the broad population level to promote economic development and establish cooperative human behaviors necessary to sustain the environment.. |
| 7. |
Chao Li, Shunsuke Managi, Income raises human well-being indefinitely, but age consistently slashes it, Scientific Reports, 10.1038/s41598-023-33235-7, 13, 1, 5905-5905, 2023.04, Abstract
The relationships among human well-being, income, and age have long been debated. The association between human well-being and income is believed to be U-shaped, although the reasons remain elusive. A recent study shows a turning point in the link between human well-being and income; that is, increased income does not always improve well-being. However, the mechanisms of the effects of income and age on human well-being are unknown. Here, we illustrate the total cumulative effects of income and age on evaluated well-being through all observed causal pathways based on a 1.6-million-observation global dataset and the structural causal model. This is the first study to investigate those casual relationships globally. We find that an increase in age always reduces evaluated well-being, and the adverse effects are aggravated with age. Furthermore, increased income continuously improves human well-being, but the impacts gradually become marginal with higher income. Our results demonstrate that physical health improvement in older people is the most effective way to intervene against the harmful effects of age on well-being. Moreover, increased income may dramatically enhance the well-being of people living close to the poverty line.. |
| 8. |
Sunbin Yoo, Junya Kumagai, Kohei Kawasaki, Sungwan Hong, Bingqi Zhang, Takuya Shimamura, Shunsuke Managi, Double-edged trains, Transport Policy, 133, 120-133, 2023.03, We illuminate the causal relationship between high-speed railway (HSR) expansions and economic develop-ment, focusing on HSR in Japan-the Shinkansen-from 1983 to 2020. To address endogeneity concerns about HSR station construction, we employ a market access approach that captures both the direct and indirect impacts of HSR expansion. The results show that a 1% increase in HSR market access increases the land price by 0.176%, total income (hereafter, income) by 0.425%, and income per capita by 0.023% of Japan. However, most of the benefits are focused in Tokyo and other developed areas, while the economic growth due to HSR expansion of cities outside these areas is negative or statistically insignificant. We confirm the robustness of the results through the instrumental variable (IV) approach and a series of robustness checks. Next, we conduct counterfactual analyses using regression results to evaluate future Japanese HSR plans: the Linear Shinkansen, regional expansion, and a policy that would implement both. Simulation results reconfirm that future HSR plans will induce economic growth but, at the same time, aggravate regional disparity; thus, the expected economic outcomes may be double-edged.. |
| 9. |
Chao Li, Shunsuke Managi, Natural land cover positively correlates with COVID-19 health outcomes, BMC Public Health, 10.1186/s12889-023-15484-3, 23, 1, 623-623, 2023.03, Abstract
Background
The coronavirus disease 2019 (COVID‐19) poses special challenges for societies, as the disease causes millions of deaths. Although the direct prevention measures affect the prevalence and mortality the most, the other indirect factors, including natural environments and economics, could not be neglected. Evaluating the effect of natural land cover on COVID-19 health outcomes is an urgent and crucial public health topic.
Methods
Here, we examine the relationships between natural land cover and the prevalence and mortality of COVID-19 in the United States. To probe the effects of long-term living with natural land cover, we extract county-level land cover data from 2001 to 2019. Based on statistically spatial tests, we employ the Spatial Simultaneous Autoregressive (SAC) Model to estimate natural land cover’s impact and monetary values on COVID-19 health outcomes. To examine the short-term effects of natural environments, we build a seasonal panel data set about the greenery index and COVID-19 health outcomes. The panel SAC model is used to detect the relationship between the greenery index and seasonal COVID-19 health outcomes.
Results
A 1% increase in open water or deciduous forest is associated with a 0.004-death and 0.163-conformed-case, or 0.006-death and 0.099-confirmed-case decrease in every 1,000 people. Converting them into monetary value, for the mortality, a 1% increase in open water, deciduous forest, or evergreen forest in a county is equivalent to a 212-, 313-, or 219-USD increase in household income in the long term. Moreover, for the prevalence, a 1% change in open water, deciduous forest, or mixed forest is worth a 382-, 230-, or 650-USD increase in household income. Furthermore, a rational development intensity is also critical to reduce the risk of the COVID-19 pandemic. More greenery in the short term is also linked to lower prevalence and mortality.
Conclusions
Our study underscores the importance of incorporating natural land cover as a means of mitigating the risks and negative consequences of future pandemics like COVID-19 and promoting overall public health.. |
| 10. |
Kenichi Kurita, Shunsuke Managi, New economic geography model with natural capital and migration congestion effect, Economic Analysis and Policy, 10.1016/j.eap.2022.12.026, 77, 635-641, 2023.03, This paper constructs the economic model to consider the economy in cities from the waste management perspective. Specifically, we analyze the link between migration, natural capital, and waste management by applying the new economic geography model. We show the results; the population distribution pattern in the long run varies depending on the congestion effect of natural capital and waste management's technological level. In particular, a full agglomeration equilibrium realizes in the long run for higher technological levels of waste management (lower congestion effects), an interior asymmetric equilibrium does for intermediate technological levels (intermediate congestion effects), and the symmetric dispersion equilibrium realizes for the lower technological levels (higher congestion effects).. |
| 11. |
Chao Li, Shunsuke Managi, Gridded Datasets for Japan: Total, Male, and Female Populations from 2001–2020, Scientific Data, 10.1038/s41597-023-01989-4, 10, 1, 81-81, 2023.02, Abstract
Japan is a highly urbanized and severely aging society. In an aging society, chronic disease and disability are prevalent, and the population is sensitive to environmental issues and climate change. To identify the effects of population changes, formulate population and public health policies, and assist environmental projects, a high-resolution and accurate gridded population dataset is highly desirable. To provide basic data for research in these areas, we created an open access annual dataset from 2001 to 2020 containing the total, male, and female population counts in each grid at a resolution of 500 m. A random forest method was employed to fill the gaps in Japan’s nationwide census data collected in 2005, 2010, 2015, and 2020. The yearly population dataset was based on the 4th-level mesh data from the Statistics Bureau of Japan to make it easy to use. The dataset is provided here along with descriptions of the data and methods used in the fitting, cross-validation, and prediction processes.. |
| 12. |
Yogi Sugiawan, Robi Kurniawan, Shunsuke Managi, Assessing the United Nations sustainable development goals from the inclusive wealth perspective, Scientific Reports, 10.1038/s41598-023-28540-0, 13, 1, 2015-2015, 2023.01, Abstract
The statement of sustainability in the sustainable development goals (SDGs) framework needs to be supplemented by a formal proof that intergenerational well-being also improves. This is the first study that aims to provide empirical evidence that links the progress of the SDGs and the changes in well-being, which are proxied by the SDG Index and the Inclusive Wealth (IW) Index, respectively. We propose an SDGs-wealth model which was analyzed using a machine learning method involving a balanced panel of 147 countries for 2000–2019. We find a strong correlation between wealth and the SDGs, with Goals 12, 13, and 7 being the most significant predictors of wealth. In contrast to Goals 12 and 13, we find a positive correlation between Goal 7 and the per capita IW Index, suggesting that promoting affordable and clean energy is beneficial for wealth accumulation. Quite the opposite, fostering responsible consumption and production and climate actions might be detrimental to wealth. We also find an alarming result for 50 countries in our study since they have deviated from the sustainable development trajectories either in the short or long run. Our study suggests that to achieve sustainable development, instead of focusing on the complex interactions among the SDGs, policymakers should put a stronger focus on improving IW.. |
| 13. |
Kenichi Kurita, Yuya Katafuchi, Shunsuke Managi, COVID-19, stigma, and habituation: evidence from mobility data, BMC Public Health, 10.1186/s12889-023-14980-w, 23, 1, 98-98, 2023.01, Abstract
Background
The Japanese government has restricted people’s going-out behavior by declaring a non-punitive state of emergency several times under COVID-19. This study aims to analyze how multiple policy interventions that impose non-legally binding restrictions on behavior associate with people’s going-out.
Theory
This study models the stigma model of self-restraint behavior under the pandemic with habituation effects. The theoretical result indicates that the state of emergency’s self-restraint effects weaken with the number of times.
Methods
The empirical analysis examines the impact of emergency declarations on going-out behavior using a prefecture-level daily panel dataset. The dataset includes Google’s going-out behavior data, the Japanese government’s policy interventions based on emergency declarations, and covariates that affect going-out behavior, such as weather and holidays.
Results
First, for multiple emergency declarations from the beginning of the pandemic to 2021, the negative association between emergency declarations and mobility was confirmed in a model that did not distinguish the number of emergency declarations. Second, in the model that considers the number of declarations, the negative association was found to decrease with the number of declarations.
Conclusion
These empirical analyses are consistent with the results of theoretical analyses, which show that the negative association between people’s going-out behavior and emergency declarations decreases in magnitude as the number of declarations increases.. |
| 14. |
Xiangdan Piao, Shunsuke Managi, Household energy-saving behavior, its consumption, and life satisfaction in 37 countries, Scientific Reports, 10.1038/s41598-023-28368-8, 13, 1, 1382-1382, 2023.01, Abstract
Since energy consumption became an important contributor to climate change owing to carbon emissions, energy-saving behavior and expenditure at the household level have been attracting scholars’ and policymakers’ attention. This study identified whether greenhouse gas emissions at the household level can be reduced through purchase of energy-saving goods and whether the energy-saving behavior enhanced with household income increase. We conducted a large-scale survey across 37 nations using internet-based and face-to-face approaches, collecting 100,956 observations. The wealth effect on energy consumption expenditure at the household level was found to be positive across countries, confirming that energy consumption increases with household wealth improvement. Furthermore, households show a positive association between household energy expenditure and life satisfaction in 27 out of 37 countries, including China, India, the United States, and Germany. Additionally, the favorable effects of household energy-saving behavior are confirmed. However, purchase of household energy-saving products has a limited effect on energy consumption expenditure, compared with that of energy-curtailment behavior. In conclusion, achieving a carbon–neutral household by reducing energy consumption expenditure at the household level is challenging; thus, along with the use of energy-saving goods, alternative energy sources, such as renewable energies, are recommended.. |
| 15. |
Hirofumi Kurokawa, Kengo Igei, Akinori Kitsuki, Kenichi Kurita, Shunsuke Managi, Makiko Nakamuro, Akira Sakano, Improvement impact of nudges incorporated in environmental education on students’ environmental knowledge, attitudes, and behaviors, Journal of Environmental Management, 10.1016/j.jenvman.2022.116612, 325, Part B, 116612-116612, 2023.01, This study conducted randomized controlled trials to evaluate the effectiveness of an environmental education class and the impacts of nudges and boosts implemented in this program on high school students' basic knowledge, attitudes, and behaviors regarding environmental issues in Japan. This environmental education class consisted of a lecture on reducing the use of plastic products for energy conservation in daily life, a board game for learning how to reduce plastic waste, and a worksheet for reflection. Four types of worksheets were randomly distributed: nudges, in which students were asked to set a goal regarding their level of effort in not throwing away plastic products such as plastic bags, wet wipes, and plastic bottles; boosts, in which participants were asked to write an essay to help increase their empathy for the parties impacted by environmental issues; both nudges and boosts; and none (neither nudges nor boosts). After environmental education, an end-line survey was conducted to evaluate the effectiveness of this class. This study found that the environmental education class significantly improved students' basic environmental knowledge and promoted their concerns about plastic waste. Although there was no evidence that nudges and boosts amplify the effects of the environmental education class on the students' knowledge, nudges were successful in making them more concerned about plastic waste. The results showed that students who received nudges or boosts were more likely to refuse free wet wipes offered at convenience stores but were not more likely to refuse plastic bottles. These results also indicated that interventions through environmental education can change students' pro-environmental behaviors only if the cost of behavioral change is low. The environmental education class not only increased students’ environmental knowledge and attitudes, but the use of worksheets in administering nudges and boosts ensured the effectiveness of environmental education.. |
| 16. |
Xiangdan Piao, Jun Xie, Shunsuke Managi, Environmental, social, and corporate governance activities with employee psychological well-being improvement, BMC Public Health, 10.1186/s12889-021-12350-y, 22, 1, 2022.12, Abstract
Background
Environmental, social, and governance (ESG) engagement is expected to benefit corporations in terms of their efficiency and sustainability. The transformative change in management practices would not only provide support for employees but also bring about additional workload, which may affect employee psychological well-being. However, the examination of the relationship between corporate ESG activities and occupational stress is scarce; hence, this study aims to fill this knowledge gap.
Methods
In total, 110,351 observations were collected from 41,998 employees regarding occupational stress to reflect employee psychological well-being. The data were derived from 11 corporations in Japan from 2017 to 2019. Data on ESG activities were collected from the MSCI ESG database from 2015 to 2017. The effect of 1-year lagged corporate ESG activities on employee psychological well-being was investigated using a lagged variable linear regression model.
Results
Positive and negative relationships were found between corporate environmental activities and occupational stress. Activities that reduce water stress during operation and adopt clean technology were found to benefit employees’ psychological well-being. On the contrary, the program for reducing toxic emissions and waste lowered employees’ occupational stress levels significantly. Regarding corporate social activities, the improvement of job satisfaction or work-life balance was associated with occupational stress. However, corporate governance activities were found to have unfavorable effects on employees’ psychological well-being.
Conclusion
The effects of corporate ESG activities on employees’ psychological well-being are found. The managerial implications suggest that caring for employees’ occupational stress during the implementation of environmental activities is necessary, and the adoption of social activities could enhance employees’ psychological well-being. Notably, corporate governance activities are a stressor for employees; top management teams should pay attention to it.. |
| 17. |
Kenichi Yoshida, Kenichi Kurita, Shunsuke Managi, Stakeholder engagement as a sustainable development strategy: Managerial entrenchment for cross‐shareholdings, Corporate Social Responsibility and Environmental Management, 10.1002/csr.2362, 30, 1, 1-17, 2022.09, We analyze the effect of managerial entrenchment on firms' corporate social responsibility (CSR) activities. We use the cross-shareholding ratio and the stable shareholders ratio, which characterize the Japanese corporate system, as proxy variables for managerial entrenchment. We choose two CSR/environmental, social, and corporate governance scores: those for vendors targeting only Japan and those for vendors targeting the entire world. The results show that increases in the cross-shareholding and stable shareholder ratios decrease CSR activities. These results are consistent with the view that CSR activities are considered a costly investment for managers rather than a type of agency cost. Finally, we reveal that after the enactment of Japan's Corporate Governance Code in 2015, the cross-shareholding and the stable shareholder ratios have not significantly affected CSR activities and that foreign institutional investors have promoted CSR activities.. |
| 18. |
Moegi Igawa, Xiangdan Piao, Shunsuke Managi, The impact of cooling energy needs on subjective well-being: Evidence from Japan, Ecological Economics, 10.1016/j.ecolecon.2022.107464, 198, 107464-107464, 2022.08. |
| 19. |
Kenta Tanaka, Ken’ichi Matsumoto, Alexander Ryota Keeley, Shunsuke Managi, The impact of weather changes on the supply and demand of electric power and wholesale prices of electricity in Germany, Sustainability Science, 10.1007/s11625-022-01219-7, 17, 5, 1813-1825, 2022.08. |
| 20. |
Kanesh Suresh, Clevo Wilson, Annette Quayle, Shunsuke Managi, Uttam Khanal, Can a tourist levy protect national park resources and compensate for wildlife crop damage? An empirical investigation, Environmental Development, 10.1016/j.envdev.2021.100697, 42, 100697-100697, 2022.06. |
| 21. |
Unai Pascual, Pamela D McElwee, Sarah E Diamond, Hien T Ngo, Xuemei Bai, William W L Cheung, Michelle Lim, Nadja Steiner, John Agard, Camila I Donatti, Carlos M Duarte, Rik Leemans, Shunsuke Managi, Aliny P F Pires, Victoria Reyes-García, Christopher Trisos, Robert J Scholes, Hans-Otto Pörtner, Governing for Transformative Change across the Biodiversity–Climate–Society Nexus, BioScience, 10.1093/biosci/biac031, 72, 7, 684-704, 2022.06, Abstract
Transformative governance is key to addressing the global environmental crisis. We explore how transformative governance of complex biodiversity–climate–society interactions can be achieved, drawing on the first joint report between the Intergovernmental Panel on Climate Change and the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services to reflect on the current opportunities, barriers, and challenges for transformative governance. We identify principles for transformative governance under a biodiversity–climate–society nexus frame using four case studies: forest ecosystems, marine ecosystems, urban environments, and the Arctic. The principles are focused on creating conditions to build multifunctional interventions, integration, and innovation across scales; coalitions of support; equitable approaches; and positive social tipping dynamics. We posit that building on such transformative governance principles is not only possible but essential to effectively keep climate change within the desired 1.5 degrees Celsius global mean temperature increase, halt the ongoing accelerated decline of global biodiversity, and promote human well-being.. |
| 22. |
Pankaj Koirala, Koji Kotani, Shunsuke Managi, How do farm size and perceptions matter for farmers’ adaptation responses to climate change in a developing country? Evidence from Nepal, Economic Analysis and Policy, 10.1016/j.eap.2022.01.014, 74, 188-204, 2022.06. |
| 23. |
Junya Kumagai, Mihoko Wakamatsu, Shizuka Hashimoto, Osamu Saito, Takehito Yoshida, Takehisa Yamakita, Keiko Hori, Takanori Matsui, Michio Oguro, Masahiro Aiba, Rei Shibata, Tohru Nakashizuka, Shunsuke Managi, Natural capital for nature’s contributions to people: the case of Japan, Sustainability Science, 10.1007/s11625-020-00891-x, 17, 3, 919-954, 2022.05, Abstract
Recently, natural capital has gained the attention of researchers and policymakers to promote sustainability. Previous studies have investigated the value of ecosystem services with respect to specific areas or species. Other studies have investigated the value of various types of ecosystem services and natural capital by integrating a number of findings using meta-analyses at the global level. Although these studies have provided information on either the global value of natural capital or the local value of specific subjects, there is little evidence on the country-specific values of natural capital in Japan, which will provide useful information for national environmental policies. We investigated the perceived values of terrestrial and marine natural capital in Japan using internet surveys and payment card methods. Data on various natural forms of capital were collected in a unified format and comparable manner. We found that some explanatory variables, such as perceived importance and visit frequency, as well as sociodemographic characteristics, are significant drivers of the willingness to pay (WTP), which maintains each aspect of natural capital. In addition, we conducted future predictions of terrestrial and marine natural capital using a scenario developed in a previous study. Our results indicate that Japan should follow a population-dispersed scenario for the sustainable management of natural capital up to 2050.. |
| 24. |
Partha Dasgupta, Shunsuke Managi, Pushpam Kumar, The inclusive wealth index and sustainable development goals, Sustainability Science, 10.1007/s11625-021-00915-0, 17, 3, 899-903, 2022.05. |
| 25. |
Moinul Islam, Shunsuke Managi, Valuation of nature’s contribution in Ladakh, India: an inclusive wealth method, Sustainability Science, 10.1007/s11625-021-01030-w, 17, 3, 905-918, 2022.05. |
| 26. |
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/s11625-022-01140-z, 17, 3, 701-705, 2022.05. |
| 27. |
Chao Li, Shunsuke Managi, Impacts of air pollution on COVID-19 case fatality rate: a global analysis, Environmental Science and Pollution Research, 10.1007/s11356-021-18442-x, 29, 18, 27496-27509, 2022.04. |
| 28. |
Kenichi Kurita, Shunsuke Managi, COVID-19 and Stigma: Evolution of Self-restraint Behavior, Dynamic Games and Applications, 10.1007/s13235-022-00426-2, 12, 1, 168-182, 2022.03. |
| 29. |
Mihoko Wakamatsu, Shunsuke Managi, Does spatially targeted information boost the value of ecolabeling seafood? A choice experiment in Japan, Applied Economics, 10.1080/00036846.2022.2056127, 1-14, 2022.03. |
| 30. |
Xiangdan Piao, Shunsuke Managi, Evaluation of employee occupational stress by estimating the loss of human capital in Japan, BMC Public Health, 10.1186/s12889-022-12751-7, 22, 1, 2022.03, Abstract
Background
Human capital is thought to be a crucial factor that drives economic growth. This study aims to understand the evaluation of the loss of human capital caused by employees’ occupational stress.
Methods
In total, 1,021,178 observations for employee occupational stress were collected from 390 companies from 2017 to 2019 in Japan. The original cross-sectional survey contains 11,167 employees with occupational stress and their socioeconomic information in 2015. The relationship between stress and annual income is estimated with polynomial regression, and accumulated human capital loss is estimated. Matching approaches are applied for corporate human capital loss.
Results
The negative association between annual income and employee stress is derived, which indicates that the worse the employees’ stress is, the greater the human capital losses. Importantly, we confirmed that most employees have human capital loss, and on average, for male employees aged 25, the accumulated human capital loss will reach approximately $0.6 million USD by retirement.
Conclusion
For corporations, human capital loss is highly correlated with the number of employees, suggesting that reducing the occupational stress of employees can lead to greater corporate performance.. |
| 31. |
Shunsuke Managi, Mohamed Yousfi, Younes Ben Zaied, Nejah Ben Mabrouk, Béchir Ben Lahouel, Oil price, US stock market and the US business conditions in the era of COVID-19 pandemic outbreak, Economic Analysis and Policy, 10.1016/j.eap.2021.11.008, 73, 129-139, 2022.03. |
| 32. |
Thierry Yerema Coulibaly, Mihoko Tegawa Wakamatsu, Shunsuke Managi, The use of geographically weighted regression to improve information from satellite night light data in evaluating the economic effects of the 2010 FIFA World Cup, Area Development and Policy, 10.1080/23792949.2022.2030774, 1-19, 2022.03. |
| 33. |
Béchir Ben Lahouel, Younes Ben Zaied, Shunsuke Managi, Lotfi Taleb, Re-thinking about U: The relevance of regime-switching model in the relationship between environmental corporate social responsibility and financial performance, Journal of Business Research, 10.1016/j.jbusres.2021.11.019, 140, 498-519, 2022.02. |
| 34. |
Rajesh Kalli, Pradyot Ranjan Jena, Shunsuke Managi, Subsidized LPG Scheme and the Shift to Cleaner Household Energy Use: Evidence from a Tribal Community of Eastern India, Sustainability, 10.3390/su14042450, 14, 4, 2450-2450, 2022.02, Traditional fuels have both environmental and health impacts. The transition from traditional to clean cooking fuel requires significant public policy actions. The Pradhan Mantri Ujjwala Yojana (PMUY) is one of the primary policies launched in India to eradicate energy poverty among households. Past studies have focused on the drivers that motivate rural households to adopt clean energy and identified the bottlenecks for adoption of clean energy in developing countries. PMUY’s success in terms of scale and pace is critical in the national drive to provide access to clean energy fuel to each citizen. The present study focuses on two objectives. First, we investigate the intensity of adoption and refill of LPG under the PMUY scheme. Second, we use household and other demographic characteristics to examine the factors that influence households’ decision on using LPG as a cooking fuel. Empirical results show that rapid growth has been witnessed in the provision of subsidized LPG connections. However, the annual average refill status stands at two LPG cylinders per beneficiary household indicating that the majority of the beneficiaries have failed to refill their LPG cylinders. This imbalance between rapid enrollment of LPG and limited refill among beneficiary households indicate the continued usage of traditional sources of energy for cooking. From the primary survey conducted in the rural tribal communities of Odisha, we observe that household income and education played a significant role in adoption of LPG and continued usage of LPG gas. Additionally, the logit and ordered probit models identify that membership in self-help groups, accessibility and awareness of LPG are the major adoption drivers. In conclusion, policy makers need to address the challenge of refill status among PMUY consumers. Further, educating households on health benefits through SHG and creating accessibility at village level can actively increase the usage of LPG.. |
| 35. |
Shunsuke Managi, Zhuo Chen, Social-economic impacts of epidemic diseases, Technological Forecasting and Social Change, 10.1016/j.techfore.2021.121316, 175, 121316-121316, 2022.02. |
| 36. |
Sunbin Yoo, Shunsuke Managi, Disclosure or action: Evaluating ESG behavior towards financial performance, Finance Research Letters, 10.1016/j.frl.2021.102108, 44, 102108-102108, 2022.01. |
| 37. |
Béchir Ben Lahouel, Lotfi Taleb, Younes Ben Zaied, Shunsuke Managi, Business case complexity and environmental sustainability: Nonlinearity and optimality from an efficiency perspective, Journal of Environmental Management, 10.1016/j.jenvman.2021.113870, 301, 113870-113870, 2022.01. |
| 38. |
Akihiro Okuyama, Sunbin Yoo, Junya Kumagai, Alexander Ryota Keeley, Shunsuke Managi, Questioning the Sun: Unexpected emissions implications from residential solar photovoltaic systems, Resources, Conservation and Recycling, 10.1016/j.resconrec.2021.105924, 176, 105924-105924, 2022.01. |
| 39. |
Chao Li, Shunsuke Managi, Spatial Variability of the Relationship between Air Pollution and Well-being, Sustainable Cities and Society, 10.1016/j.scs.2021.103447, 76, 103447-103447, 2022.01. |
| 40. |
Dyah Ika Rinawati, Alexander Ryota Keeley, Shutaro Takeda, Shunsuke Managi, A systematic review of life cycle assessment of hydrogen for road transport use, Progress in Energy, 10.1088/2516-1083/ac34e9, 4, 1, 012001-012001, 2022.01, Abstract
This study conducted a systematic literature review of the technical aspects and methodological choices in life cycle assessment (LCA) studies of the use of hydrogen for road transport. More than 70 scientific papers published during 2000–2021 were reviewed, in which more than 350 case studies of the use of hydrogen in the automotive sector were found. Only some studies used hybrid LCA and energetic input–output LCA, whereas most studies addressed attributional process-based LCA. A categorization based on the life cycle scope distinguished case studies that addressed the well-to-tank (WTT), well-to-wheel (WTW), and complete life cycle approaches. Furthermore, based on the hydrogen production process, these case studies were classified into four categories: thermochemical, electrochemical, thermal–electrochemical, and biochemical. Moreover, based on the hydrogen production site, the case studies were classified as centralized, on-site, and on-board. The fuel cell vehicle passenger car was the most commonly used vehicle. The functional unit for the WTT studies was mostly mass or energy, and vehicle distance for the WTW and complete life cycle studies. Global warming potential (GWP) and energy consumption were the most influential categories. Apart from the Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation model and the Intergovernmental Panel on Climate Change for assessment of the GWP, the Centrum voor Milieukunde Leiden method was most widely used in other impact categories. Most of the articles under review were comparative LCA studies on different hydrogen pathways and powertrains. The findings provide baseline data not only for large-scale applications, but also for improving the efficiency of hydrogen use in road transport.. |
| 41. |
Hanmin Dong, Yishuang Liu, Zhihui Zhao, Xiujie Tan, Shunsuke Managi, Carbon neutrality commitment for China: from vision to action, Sustainability Science, 10.1007/s11625-022-01094-2, 2022.01. |
| 42. |
Moegi Igawa, Shunsuke Managi, Energy poverty and income inequality: An economic analysis of 37 countries, Applied Energy, 10.1016/j.apenergy.2021.118076, 306, 118076-118076, 2022.01. |
| 43. |
Shigeru Matsumoto, Kenichi Mizobuchi, Shunsuke Managi, Household energy consumption, Environmental Economics and Policy Studies, 10.1007/s10018-021-00331-9, 24, 1, 1-5, 2022.01. |
| 44. |
Kenta Tanaka, Clevo Wilson, Shunsuke Managi, Impact of feed-in tariffs on electricity consumption, Environmental Economics and Policy Studies, 10.1007/s10018-021-00306-w, 24, 1, 49-72, 2022.01. |
| 45. |
Danyang Cheng, Qianyu Xue, Klaus Hubacek, Jingli Fan, Yuli Shan, Ya Zhou, D' Maris Coffman, Shunsuke Managi, Xian Zhang, Inclusive wealth index measuring sustainable development potentials for Chinese cities, Global Environmental Change, 10.1016/j.gloenvcha.2021.102417, 72, 102417-102417, 2022.01, The UN Sustainable Development Goals (SDGs) are the blueprint to achieve a better and more sustainable future. To achieve the goal, tracking progress — not just on a national level, but locally — is crucial to guide future policy development. While sustainability assessment at the national level is quite advanced in China, similar assessments focusing at the regional or even at the city-level are currently lacking. Here, we advanced the Inclusive Wealth Index (IWI) framework, which is firstly proposed by the United Nations Development Programme, through taking water wealth into account and adjusting the variable based on data availability. Then we investigate the sustainability performance of 210 cities in China in 2016 via the advanced version of the IWI framework. The analysis makes a holistic assessment based on produced, human, and natural capital, as well as considering heterogeneities in economy, social, and environmental conditions across these cities. We find that cities clustered in the eastern parts of China are characterized by high levels of sustainability performance and increasing capacities for sustainability, largely driven by their high quality and quantity of human capital. In comparison, the western cities have a large amount of low-skilled human capital and low levels of produced capital, which determines their low sustainability performance. Cities clustered in the north are heavily dependent on low value-added products and resource-intensive industries. Furthermore, we make projections of the IWI and its three components for different cities from 2020 to 2030, referring to the index systems presented in city planning which describe the development speed of income, education, fixed asset investment, forests etc. In the future, cities in central and western clusters show considerable potential for increasing IWI per capita, whereas cities with a dominant energy sector in the north would face declining capacity for sustainability due to the exhaustion of fossil fuels and raw materials. By fully taking account of and adapting to local circumstances, we tailor-design pathways for different types of cities to grow their sustainability potentials. Those resources-dependent cities in the north could avoid the impending decline by gradually developing their human and produced capital while abandoning their resource dependency. Our study contributes to city-level sustainable development in China through the lens of per capita IWI and the potential future dynamics of changing compositions in their capital.. |
| 46. |
Kenichi Kurita, Shunsuke Managi, COVID-19 and Stigma: Evolution of Self-restraint Behavior, Dynamic Games and Applications, 10.1007/s13235-022-00426-2, 12, 1, 168-182, 2022.01. |
| 47. |
Younes Ben Zaied, Lotfi Taleb, Béchir Ben Lahouel, Shunsuke Managi, Sustainable Water Demand Management and Incentive Tariff: Evidence From a Quantile-on-Quantile Approach, Environmental Modeling & Assessment, 10.1007/s10666-021-09814-1, 2022.01. |
| 48. |
Shohei Domon, Mayu Hirota, Tatsuhito Kono, Shunsuke Managi, Yusuke Matsuki, The long-run effects of congestion tolls, carbon tax, and land use regulations on urban CO2 emissions, Regional Science and Urban Economics, 10.1016/j.regsciurbeco.2021.103750, 92, 103750-103750, 2022.01. |
| 49. |
Mihoko Wakamatsu, Hiroki Nakamura, Shunsuke Managi, The value of whaling and its spatial heterogeneity in Japan, Marine Policy, 10.1016/j.marpol.2021.104852, 135, 104852-104852, 2022.01. |
| 50. |
Shunsuke Managi, David Broadstock, Jeffrey Wurgler, Green and climate finance: Challenges and opportunities, International Review of Financial Analysis, 10.1016/j.irfa.2021.101962, 79, 101962-101962, 2022.01. |
| 51. |
Shunsuke Managi, David Broadstock, Jeffrey Wurgler, Green and climate finance: Challenges and opportunities, International Review of Financial Analysis, 10.1016/j.irfa.2021.101962, 79, 101962-101962, 2022.01. |
| 52. |
Danyang Cheng, Qianyu Xue, Klaus Hubacek, Jingli Fan, Yuli Shan, Ya Zhou, D' Maris Coffman, Shunsuke Managi, Xian Zhang, Inclusive wealth index measuring sustainable development potentials for Chinese cities, Global Environmental Change, 10.1016/j.gloenvcha.2021.102417, 72, 102417-102417, 2022.01. |
| 53. |
Janaki Imbulana Arachchi, Shunsuke Managi, The role of social capital in COVID-19 deaths, BMC Public Health, 10.1186/s12889-021-10475-8, 21, 1, 2021.12, Abstract
Background
The COVID-19 pandemic has shown a continuously increasing trend with a large variation in the number of COVID-19 deaths across countries. In response, many countries have implemented non pharmaceutical methods of intervention, such as social distancing and lockdowns. This study aims to investigate the relationship of four dimensions of social capital (community attachment, social trust, family bond, and security) and several control variables with COVID-19 deaths.
Methods
We retrieved data from open access databases and a survey. COVID-19 death-related data were collected from the website “Centre for Systems Science and Engineering (CSSE) at Johns Hopkins University”. Social capital-related data were collected from a large-scale survey that included web-based and face-to-face surveys covering 100,956 respondents across all regions/provinces/states of 37 countries in 2017. Data regarding population density, number of hospital beds, and population aged 65 or older were retrieved from the World Development Indicators (WDIs). Data on country lockdowns were obtained from the website “National responses to the 2019-20 coronavirus pandemic”. Linear regressions were applied to identify the relationship between social capital and COVID-19 deaths.
Results
We found that COVID-19 deaths were associated with social capital both positively and negatively. Community attachment and social trust were associated with more COVID-19 deaths, and family bond and security were associated with fewer deaths. COVID-19 deaths were positively associated with population density, ageing population, and interactions between four dimensions of social capital-related factors and the ageing population. Furthermore, the number of hospital beds and early lockdown policy were negatively associated with COVID-19 deaths.
Conclusions
The results indicate that the role of social capital in dynamically evolving threats, such as the current COVID-19 pandemic, is not always negative or positive. Therefore, people’s behaviour should be changed to support countries’ response to the COVID-19 threat.. |
| 54. |
George Halkos, Shunsuke Managi, Kyriaki Tsilika, Ranking Countries and Geographical Regions in the International Green Bond Transfer Network: A Computational Weighted Network Approach, Computational Economics, 10.1007/s10614-020-10051-z, 58, 4, 1301-1346, 2021.12. |
| 55. |
Shunsuke Managi, Masayuki Jimichi, Chika Saka, Human capital development: Lessons from global corporate data, Economic Analysis and Policy, 10.1016/j.eap.2021.08.013, 72, 268-275, 2021.12. |
| 56. |
Chao Li, Shunsuke Managi, Contribution of on-road transportation to PM2.5, Scientific Reports, 10.1038/s41598-021-00862-x, 11, 1, 2021.12, Abstract
Fine particulate matter (PM2.5) mainly originates from combustion emissions. On-road transportation is considered one of the primary sources of PM2.5 emission. The relationship between on-road transportation and PM2.5 concentration varies temporally and spatially, and the estimation for this variation is important for policymaking. Here, we reveal the quantitative association of PM2.5 concentration with on-road transportation by the spatial panel Durbin model and the geographical and temporal weighted regression. We find that 6.17 billion kilometres (km) per km2 on-road transportation increase is associated with a 1-μg/m3 county-level PM2.5 concentration increase in the contiguous United States. On-road transportation marginally contributes to PM2.5, only 1.09% on average. Approximately 3605 premature deaths are attributed to PM2.5 from on-road transportation in 2010, and about a total of 50,223 premature deaths ascribe to PM2.5 taking 6.49% from 2003 to 2016. Our findings shed light on the necessity of the county-level policies considering the temporal and spatial variability of the relationship to further mitigate PM2.5 from on-road transportation.. |
| 57. |
Chao Li, Shunsuke Managi, Land cover matters to human well-being, Scientific Reports, 10.1038/s41598-021-95351-6, 11, 1, 2021.12, Abstract
People migrate from rural to urban areas. In the meantime, the benefits of staying in greener areas are also known. People’s preferences might be different by area that is composed of several land types. If so, the effect of particular land cover on human well-being is different spatially. The spatial analysis is required to formulate effective land-use policies. Here we show that urban land, water, and grassland are positively related to human well-being, whereas bare land is negatively associated in Japan. A 1 $${mathrm{m } }^{2}$$ increase in the area of urban land per capita in a city is equivalent to an about 346 USD increase in the individual annual income of all the people in the city. Additionally, monetary values of areas of water, crops, and bare land per capita are 102, − 30, and − 268 $$mathrm{USD}/mathrm{Capita }{mathrm{m } }^{2}$$. Furthermore, the spatial context matters to the relationship between land cover and human well-being. This paper investigates the monetary values of several land types and their spatial variability, which provides insights to make better usage for land cover.. |
| 58. |
Keita Abe, Yusuke Matsuki, Gakushi Ishimura, Shunsuke Managi, Rent distribution in an ex-vessel auction market of fisheries, Marine Policy, 10.1016/j.marpol.2021.104771, 133, 104771-104771, 2021.11. |
| 59. |
Sunbin Yoo, Junya Kumagai, Shunsuke Managi, Challenges and Opportunities in Climate Economics, Frontiers in Climate, 10.3389/fclim.2021.701818, 3, 2021.11. |
| 60. |
Keita Abe, Yusuke Matsuki, Gakushi Ishimura, Shunsuke Managi, Rent distribution in an ex-vessel auction market of fisheries, Marine Policy, 10.1016/j.marpol.2021.104771, 133, 104771-104771, 2021.11, While the rent generation for harvesters in common property resource exploitation has been well studied, questions about the rent distribution between the resource users and the downstream sector remain. We study the effects of information asymmetry on the distribution of rent between harvesters and buyers in the ex-vessel fish market and discuss the implication on the outcomes of natural resource management. Under a first-price sealed-bid auction of the fish-by-fish firsthand market in Japan, the markdown gained by buyers is estimated using a structural auction model with a nonparametric method. The results suggest that auction winners enjoy considerably high markdown (48% on average) from market transactions in fish. In a market in which asymmetric information drives down the price, the markdown can work as a resource management tax and disincentivize harvesters from overfishing and overinvesting. This "unintended tax" should be recognized in the design of public policy because a policy that changes the equilibrium may affect the trade-off between marginalized low-income harvesters and the abundant resource stock.. |
| 61. |
Kanesh Suresh, Uttam Khanal, Clevo Wilson, Shunsuke Managi, Annette Quayle, Samithamby Santhirakumar, An economic analysis of agricultural adaptation to climate change impacts in Sri Lanka: An endogenous switching regression analysis, Land Use Policy, 10.1016/j.landusepol.2021.105601, 109, 105601-105601, 2021.10. |
| 62. |
Pradyot Ranjan Jena, Shunsuke Managi, Babita Majhi, Forecasting the CO2 Emissions at the Global Level: A Multilayer Artificial Neural Network Modelling, Energies, 10.3390/en14196336, 14, 19, 6336-6336, 2021.10, Better accuracy in short-term forecasting is required for intermediate planning for the national target to reduce CO2 emissions. High stake climate change conventions need accurate predictions of the future emission growth path of the participating countries to make informed decisions. The current study forecasts the CO2 emissions of the 17 key emitting countries. Unlike previous studies where linear statistical modeling is used to forecast the emissions, we develop a multilayer artificial neural network model to forecast the emissions. This model is a dynamic nonlinear model that helps to obtain optimal weights for the predictors with a high level of prediction accuracy. The model uses the gross domestic product (GDP), urban population ratio, and trade openness, as predictors for CO2 emissions. We observe an average of 96% prediction accuracy among the 17 countries which is much higher than the accuracy of the previous models. Using the optimal weights and available input data the forecasting of CO2 emissions is undertaken. The results show that high emitting countries, such as China, India, Iran, Indonesia, and Saudi Arabia are expected to increase their emissions in the near future. Currently, low emitting countries, such as Brazil, South Africa, Turkey, and South Korea will also tread on a high emission growth path. On the other hand, the USA, Japan, UK, France, Italy, Australia, and Canada will continuously reduce their emissions. These findings will help the countries to engage in climate mitigation and adaptation negotiations.. |
| 63. |
Sunbin Yoo, Shunsuke Managi, Lockdowns Save People from Air Pollution: Evidence from Daily Global Tropospheric NO2 Satellite Data, Sustainability, 10.3390/su132111777, 13, 21, 11777-11777, 2021.10, Motivated by the global fear of the Coronavirus-19 (COVID-19) pandemic, we investigated whether lockdowns save people from air pollution, notably from Nitrogen Dioxide (NO2). Using daily satellite data from the National Aeronautics and Space Administration (NASA), we first found that the global NO2 tropospheric vertical column density (TVCD) decreased by 16.5% after the Coronavirus-19 (COVID-19) outbreak. Then, we calculated the global health benefits, as the monetized value of life, using the value of a statistical life (VSL). The total global health benefits were approximately 8.73 trillion USD, accounting for 10% of the global GDP; such benefits would be the largest in China, followed by the United States, Japan and Germany. Our results suggest that lockdowns may bring benefits to countries that policy interventions cannot easily bring, thus highlighting the importance of social distancing.. |
| 64. |
Bingqi Zhang, Wataru Nozawa, Shunsuke Managi, Spatial inequality of inclusive wealth in China and Japan, Economic Analysis and Policy, 10.1016/j.eap.2021.04.014, 71, 164-179, 2021.09. |
| 65. |
Clevo Wilson, Wasantha Athukorala, Benno Torgler, Robert Gifford, Maria A. Garcia-Valiñas, Shunsuke Managi, Willingness to pay to ensure a continuous water supply with minimum restrictions, Empirical Economics, 10.1007/s00181-020-01955-8, 61, 3, 1519-1537, 2021.09. |
| 66. |
Béchir Ben Lahouel, Lotfi Taleb, Younes Ben Zaied, Shunsuke Managi, Does ICT change the relationship between total factor productivity and CO2 emissions? Evidence based on a nonlinear model, Energy Economics, 10.1016/j.eneco.2021.105406, 101, 105406-105406, 2021.09. |
| 67. |
Jiayun Dong, Wenyuan Liang, Yimin Fu, Weiping Liu, Shunsuke Managi, Impact of devolved forest tenure reform on formal credit access for households: Evidence from Fujian, China, Economic Analysis and Policy, 10.1016/j.eap.2021.05.011, 71, 486-498, 2021.09. |
| 68. |
Kenta Tanaka, Shunsuke Managi, Industrial agglomeration effect for energy efficiency in Japanese production plants, Energy Policy, 10.1016/j.enpol.2021.112442, 156, 112442-112442, 2021.09. |
| 69. |
Sunbin Yoo, Yuta Kawabata, Junya Kumagai, Shunsuke Managi, Insuring Well-being: Psychological Adaptation to Disasters, 10.21203/rs.3.rs-874349/v1, 2021.09, Abstract
We examine the impact of life and health insurance spending on subjective well-being. Taking advantage of insurance spending and subjective well-being data on more than 700,000 individuals in Japan, we examine whether insurance spending can buffer declines in subjective well-being due to exposure to mass disaster. We find that insurance spending can buffer drops in subjective well-being by approximately 3–6% among those who experienced the mass disaster of the great East Japan earthquake. Subjective health increases the most, followed by life satisfaction and happiness. On the other hand, insurance spending decreases the subjective well-being of those who did not experience the earthquake by approximately 3–7%. We conclude by monetizing the subjective well-being loss and calculating the extent to which insurance spending can compensate for it. The monetary value of subjective well-being buffered through insurance spending is approximately 33,128 USD for happiness, 33,287 USD for life satisfaction, and 19,597 USD for subjective health for a person in one year. Therefore, we confirm that life/health insurance serves as an ideal option for disaster adaptation. Our findings indicate the importance of considering subjective well-being, which is often neglected when assessing disaster losses.. |
| 70. |
Alexander R. Keeley, Kento Komatsubara, Shunsuke Managi, The value of invisibility: factors affecting social acceptance of renewable energy, Energy Sources, Part B: Economics, Planning, and Policy, 10.1080/15567249.2021.1983891, 1-20, 2021.09. |
| 71. |
Sunbin Yoo, Alexander Ryota Keeley, Shunsuke Managi, Does sustainability activities performance matter during financial crises? Investigating the case of COVID-19, Energy Policy, 10.1016/j.enpol.2021.112330, 155, 112330-112330, 2021.08. |
| 72. |
Tetsuya Tsurumi, Rintaro Yamaguchi, Kazuki Kagohashi, Shunsuke Managi, Are Cognitive, Affective, and Eudaimonic Dimensions of Subjective Well-Being Differently Related to Consumption? Evidence from Japan, Journal of Happiness Studies, 10.1007/s10902-020-00327-4, 22, 6, 2499-2522, 2021.08, Abstract
In this study, we investigate the relationship between consumption and subjective well-being (SWB). There is clear evidence in the literature that the income–SWB relationship depends on the SWB measure, but the reasons are not fully clear yet; however, the main reason may be related to consumption because most income is used for that. This study is the first to examine directly whether the consumption–SWB relationship differs between affective, cognitive, and eudaimonic SWB measures. We adopt the following four SWB indices: life satisfaction, the Cantril ladder, affect balance, and eudaimonia. In addition, on the consumption side, we consider both material and relational consumption. Nonparametric analysis of our uniquely collected survey results in Japan suggests that total consumption contributes to cognitive measures of SWB and eudaimonia, while there is a certain threshold for affective measures. However, once material versus relational consumption is considered in total consumption, we find that relational consumption contributes to any SWB measure without clear upper bounds, while material consumption contributes to all SWB measures only to certain thresholds. Our results also show that the marginal effects of total consumption, material consumption, and relational consumption on cognitive measures of SWB and eudaimonia are greater than on affective measures. In addition, our results show that the marginal effects of relational consumption tend to be greater than those of material consumption for all SWB indices. Based on the findings, we expect relational consumption to be key for improving well-being.. |
| 73. |
Tetsuya Tsurumi, Rintaro Yamaguchi, Kazuki Kagohashi, Shunsuke Managi, Material and relational consumption to improve subjective well-being: Evidence from rural and urban Vietnam, Journal of Cleaner Production, 10.1016/j.jclepro.2021.127499, 310, 127499-127499, 2021.08. |
| 74. |
Xiangdan Piao, Xinxin Ma, Shunsuke Managi, Impact of the Intra-household Education Gap on Wives’ and Husbands’ Well-Being: Evidence from Cross-Country Microdata, Social Indicators Research, 10.1007/s11205-021-02651-5, 156, 1, 111-136, 2021.07. |
| 75. |
Sajeevani Weerasekara, Clevo Wilson, Boon Lee, Viet-Ngu Hoang, Shunsuke Managi, Darshana Rajapaksa, The impacts of climate induced disasters on the economy: Winners and losers in Sri Lanka, Ecological Economics, 10.1016/j.ecolecon.2021.107043, 185, 107043-107043, 2021.07. |
| 76. |
Xiangdan Piao, Xinxin Ma, Tetsuya Tsurumi, Shunsuke Managi, Social Capital, Negative Event, Life Satisfaction and Sustainable Community: Evidence from 37 Countries, Applied Research in Quality of Life, 10.1007/s11482-021-09955-1, 2021.07. |
| 77. |
Xiangdan Piao, Shuichi Tsugawa, Yukie Takemura, Naoko Ichikawa, Ryohei Kida, Keiko Kunie, Shunsuke Managi, Disability weights measurement for 17 diseases in Japan: A survey based on medical professionals, Economic Analysis and Policy, 10.1016/j.eap.2021.02.010, 70, 238-248, 2021.06. |
| 78. |
David Broadstock, Qiang Ji, Shunsuke Managi, Dayong Zhang, Pathways to carbon neutrality: Challenges and opportunities, Resources, Conservation and Recycling, 10.1016/j.resconrec.2021.105472, 169, 105472-105472, 2021.06. |
| 79. |
Kanesh Suresh, Clevo Wilson, Annette Quayle, Uttam Khanal, Shunsuke Managi, "Impacts of Air Pollution on COVID-19 Case Fatality Rate: A Global Analysis, Tourism Economics, 28, 7, 135481662110198-135481662110198, 2021.06, This study assesses how and in what circumstances tourists’ perceived value of nature-based tourism (NBT) attributes differ among various types of national parks. A novel discrete choice experiment is used employing data collected from 343 international tourists in four national parks in Sri Lanka. We find that the improvements in frequency of large species’ encounters, habitat quality and proximity to encountered wildlife produce greater utility. A surprising finding is that tourists are shown to prefer to spend only a limited amount of time at national parks. They also tend to choose less-visited parks that have large mammals for which they would be willing to pay more compared to those national parks that are more frequently visited. Our article contributes to the empirical evidence that time is a key factor that determines the tourism destination choice and less-visited parks offer considerable potential for future growth of tourism.. |
| 80. |
Janaki Imbulana Arachchi, Shunsuke Managi, Preferences for energy sustainability: Different effects of gender on knowledge and importance, Renewable and Sustainable Energy Reviews, 10.1016/j.rser.2021.110767, 141, 110767-110767, 2021.05. |
| 81. |
Takuya Obara, Shuichi Tsugawa, Shunsuke Managi, λ Envy-free Pricing for Impure Public Good, Economic Theory Bulletin, 10.2139/ssrn.3299783, 9, 11-25, 2021.04. |
| 82. |
Yuya Katafuchi, Kenichi Kurita, Shunsuke Managi, COVID-19 with Stigma: Theory and Evidence from Mobility Data, Economics of Disasters and Climate Change, 10.1007/s41885-020-00077-w, 5, 1, 71-95, 2021.04. |
| 83. |
Hiroki Onuma, Kong Joo Shin, Shunsuke Managi, Short-, Medium-, and Long-Term Growth Impacts of Catastrophic and Non-catastrophic Natural Disasters, Economics of Disasters and Climate Change, 10.1007/s41885-020-00074-z, 5, 1, 53-70, 2021.04. |
| 84. |
Chi Zhang, Shunsuke Managi, Childcare availability and maternal employment: New evidence from Japan, Economic Analysis and Policy, 10.1016/j.eap.2020.11.001, 69, 83-105, 2021.03. |
| 85. |
Michiyuki Yagi, Shunsuke Managi, Global supply constraints from the 2008 and COVID-19 crises, Economic Analysis and Policy, 10.1016/j.eap.2021.01.008, 69, 514-528, 2021.03. |
| 86. |
Pradyot Ranjan Jena, Ritanjali Majhi, Rajesh Kalli, Shunsuke Managi, Babita Majhi, Impact of COVID-19 on GDP of major economies: Application of the artificial neural network forecaster, Economic Analysis and Policy, 10.1016/j.eap.2020.12.013, 69, 324-339, 2021.03. |
| 87. |
Robi Kurniawan, Yogi Sugiawan, Shunsuke Managi, Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth, Ecological Indicators, 10.1016/j.ecolind.2020.106982, 120, 106982-106982, 2021.01. |
| 88. |
Clarence Tolliver, Hidemichi Fujii, Alexander Ryota Keeley, Shunsuke Managi, Green Innovation and Finance in Asia, Asian Economic Policy Review, 10.1111/aepr.12320, 16, 1, 67-87, 2021.01. |
| 89. |
Shunsuke Managi, Robert Lindner, Casey C. Stevens, Technology policy for the sustainable development goals: From the global to the local level, Technological Forecasting and Social Change, 10.1016/j.techfore.2020.120410, 162, 120410-120410, 2021.01. |
| 90. |
Anamika Pandey, Michael Brauer, Maureen L Cropper, Kalpana Balakrishnan, Prashant Mathur, Sagnik Dey, Burak Turkgulu, G Anil Kumar, Mukesh Khare, Gufran Beig, Tarun Gupta, Rinu P Krishnankutty, Kate Causey, Aaron J Cohen, Stuti Bhargava, Ashutosh N Aggarwal, Anurag Agrawal, Shally Awasthi, Fiona Bennitt, Sadhana Bhagwat, P Bhanumati, Katrin Burkart, Joy K Chakma, Thomas C Chiles, Sourangsu Chowdhury, D J Christopher, Subhojit Dey, Samantha Fisher, Barbara Fraumeni, Richard Fuller, Aloke G Ghoshal, Mahaveer J Golechha, Prakash C Gupta, Rachita Gupta, Rajeev Gupta, Shreekant Gupta, Sarath Guttikunda, David Hanrahan, Sivadasanpillai Harikrishnan, Panniyammakal Jeemon, Tushar K Joshi, Rajni Kant, Surya Kant, Tanvir Kaur, Parvaiz A Koul, Praveen Kumar, Rakesh Kumar, Samantha L Larson, Rakesh Lodha, Kishore K Madhipatla, P A Mahesh, Ridhima Malhotra, Shunsuke Managi, Keith Martin, Matthews Mathai, Joseph L Mathew, Ravi Mehrotra, B V Murali Mohan, Viswananthan Mohan, Satinath Mukhopadhyay, Parul Mutreja, Nitish Naik, Sanjeev Nair, Jeyaraj D Pandian, Pallavi Pant, Arokiasamy Perianayagam, Dorairaj Prabhakaran, Poornima Prabhakaran, Goura K Rath, Shamika Ravi, Ambuj Roy, Yogesh D Sabde, Sundeep Salvi, Sankar Sambandam, Bhavay Sharma, Meenakshi Sharma, Shweta Sharma, R S Sharma, Aakash Shrivastava, Sujeet Singh, Virendra Singh, Rodney Smith, Jeffrey D Stanaway, Gabrielle Taghian, Nikhil Tandon, J S Thakur, Nihal J Thomas, G S Toteja, Chris M Varghese, Chandra Venkataraman, Krishnan N Venugopal, Katherine D Walker, Alexandrea Y Watson, Sarah Wozniak, Denis Xavier, Gautam N Yadama, Geetika Yadav, D K Shukla, Hendrik J Bekedam, K Srinath Reddy, Randeep Guleria, Theo Vos, Stephen S Lim, Rakhi Dandona, Sunil Kumar, Pushpam Kumar, Philip J Landrigan, Lalit Dandona, Health and economic impact of air pollution in the states of India: the Global Burden of Disease Study 2019, The Lancet Planetary Health, 10.1016/s2542-5196(20)30298-9, 5, 1, e25-e38, 2021.01, Background
The association of air pollution with multiple adverse health outcomes is becoming well established, but its negative economic impact is less well appreciated. It is important to elucidate this impact for the states of India.
Methods
We estimated exposure to ambient particulate matter pollution, household air pollution, and ambient ozone pollution, and their attributable deaths and disability-adjusted life-years in every state of India as part of the Global Burden of Disease Study (GBD) 2019. We estimated the economic impact of air pollution as the cost of lost output due to premature deaths and morbidity attributable to air pollution for every state of India, using the cost-of-illness method.
Findings
1·67 million (95% uncertainty interval 1·42–1·92) deaths were attributable to air pollution in India in 2019, accounting for 17·8% (15·8–19·5) of the total deaths in the country. The majority of these deaths were from ambient particulate matter pollution (0·98 million [0·77–1·19]) and household air pollution (0·61 million [0·39–0·86]). The death rate due to household air pollution decreased by 64·2% (52·2–74·2) from 1990 to 2019, while that due to ambient particulate matter pollution increased by 115·3% (28·3–344·4) and that due to ambient ozone pollution increased by 139·2% (96·5–195·8). Lost output from premature deaths and morbidity attributable to air pollution accounted for economic losses of US$28·8 billion (21·4–37·4) and $8·0 billion (5·9–10·3), respectively, in India in 2019. This total loss of $36·8 billion (27·4–47·7) was 1·36% of India's gross domestic product (GDP). The economic loss as a proportion of the state GDP varied 3·2 times between the states, ranging from 0·67% (0·47–0·91) to 2·15% (1·60–2·77), and was highest in the low per-capita GDP states of Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, and Chhattisgarh. Delhi had the highest per-capita economic loss due to air pollution, followed by Haryana in 2019, with 5·4 times variation across all states.
Interpretation
The high burden of death and disease due to air pollution and its associated substantial adverse economic impact from loss of output could impede India's aspiration to be a $5 trillion economy by 2024. Successful reduction of air pollution in India through state-specific strategies would lead to substantial benefits for both the health of the population and the economy.. |
| 91. |
Junya Kumagai, Mihoko Wakamatsu, Shizuka Hashimoto, Osamu Saito, Takehito Yoshida, Takehisa Yamakita, Keiko Hori, Takanori Matsui, Michio Oguro, Masahiro Aiba, Rei Shibata, Tohru Nakashizuka, Shunsuke Managi, Correction to: Natural capitals for nature’s contributions to people: the case of Japan (Sustainability Science, (2021), 10.1007/s11625-020-00891-x), Sustainability Science, 10.1007/s11625-021-00939-6, 17, 1, 321-321, 2021.01, The article Natural capitals for nature’s contributions to people: the case of Japan, written by Junya Kumagai, Mihoko Wakamatsu, Shizuka Hashimoto, Osamu Saito, Takehito Yoshida, Takehisa Yamakita, Keiko Hori, Takanori Matsui, Michio Oguro, Masahiro Aiba, Rei Shibata, Tohru Nakashizuka and Shunsuke Managi, was originally published electronically on the publisher’s internet portal on January 4, 2021 without open access. With the author(s)’ decision to opt for Open Choice the copyright of the article changed on March 3, 2021 to © The Author(s) 2021 and the article is forthwith distributed under a Creative Commons Attribution 4.0 International License (https:// creat iveco mmons. org/ licen ses/ by/4. 0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. The original article has been updated. Funding note: Open Access publication was funded by the Environment Research and Technology Development Fund (S-15, JPMEERF16S11500).. |
| 92. |
Kohei Imamura, Kohei Takenaka Takano, Naoki H. Kumagai, Yumi Yoshida, Hiroya Yamano, Masahiko Fujii, Tohru Nakashizuka, Shunsuke Managi, Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information, Ecosystem Services, 10.1016/j.ecoser.2020.101166, 46, 101166-101166, 2020.12. |
| 93. |
Trung Thanh Nguyen, Thanh-Tung Nguyen, Van-Hanh Le, Shunsuke Managi, Ulrike Grote, Reported weather shocks and rural household welfare: Evidence from panel data in Northeast Thailand and Central Vietnam, Weather and Climate Extremes, 10.1016/j.wace.2020.100286, 30, 100286-100286, 2020.12. |
| 94. |
Mostafa E. Shahen, Koji Kotani, Makoto Kakinaka, Shunsuke Managi, Wage and labor mobility between public, formal private and informal private sectors in a developing country, Economic Analysis and Policy, 10.1016/j.eap.2020.09.006, 68, 101-113, 2020.12. |
| 95. |
Jiayun Dong, Wenyuan Liang, Weiping Liu, Jinlong Liu, Shunsuke Managi, Does forestland possession enhance households’ access to credit?—Examining China’s forestland mortgage policy, Economic Analysis and Policy, 10.1016/j.eap.2020.08.005, 68, 78-87, 2020.12. |
| 96. |
Yoshifumi Konishi, Shunsuke Managi, Do regulatory loopholes distort technical change? Evidence from new vehicle launches under the Japanese fuel economy regulation, Journal of Environmental Economics and Management, 10.1016/j.jeem.2020.102377, 104, 102377-102377, 2020.11. |
| 97. |
Sunbin Yoo, Shunsuke Managi, Global mortality benefits of COVID-19 action, Technological Forecasting and Social Change, 10.1016/j.techfore.2020.120231, 160, 120231-120231, 2020.11. |
| 98. |
Tetsuya Tsurumi, Rintaro Yamaguchi, Kazuki Kagohashi, Shunsuke Managi, Attachment to Material Goods and Subjective Well-Being: Evidence from Life Satisfaction in Rural Areas in Vietnam, Sustainability, 10.3390/su12239913, 12, 23, 9913-9913, 2020.11, In our daily lives, some people tend to use the same material goods more extensively than other people. It would appear that people like this consume fewer material inputs, other things being equal. Our research question is whether they are also happier in terms of life satisfaction. To study this, we first hypothesized that they are happier due to the endowment effect, prosocial or pro-environmental motivations, or income and substitution effects. We show that income and substitution effects are positive for people who use products for longer. Using a reduced form model that incorporates these four effects together, and empirical data originally collected from rural areas in Vietnam, we divide consumption into material consumption and residual consumption and demonstrate that, in general, increased material consumption is not associated with increased well-being; however, for those who take better care of their possessions, this effect is reversed, and material consumption does increase well-being. Our study shows that for people who take better care of their possessions, increased consumption is linked to increased well-being. This finding has a useful policy implication for developing countries to improve their well-being by promoting economic growth alongside responsible consumption.. |
| 99. |
Tamaki Morita, Shunsuke Managi, Autonomous vehicles: Willingness to pay and the social dilemma, Transportation Research Part C: Emerging Technologies, 10.1016/j.trc.2020.102748, 119, 102748-102748, 2020.10. |
| 100. |
Ilan Noy, Shunsuke Managi, It’s Awful, Why Did Nobody See it Coming?, Economics of Disasters and Climate Change, 10.1007/s41885-020-00075-y, 4, 3, 429-430, 2020.10. |
| 101. |
Surender Kumar, Shunsuke Managi, Does Stringency of Lockdown Affect Air Quality? Evidence from Indian Cities, Economics of Disasters and Climate Change, 10.1007/s41885-020-00072-1, 4, 3, 481-502, 2020.10. |
| 102. |
Chu Wei, Andreas Löschel, Shunsuke Managi, Recent advances in energy demand research in China, China Economic Review, 10.1016/j.chieco.2020.101517, 63, 101517-101517, 2020.10. |
| 103. |
Hiroki Nakamura, Shunsuke Managi, Why does perceive safety endure in crime hotspots? Case of Delhi, Safer Communities, 10.1108/sc-02-2020-0006, 19, 4, 183-198, 2020.10,
Purpose
Using a case study from Delhi, India, this study aims to investigate why perceived safety endures despite crimes in the neighborhood. Local residents in Delhi feel considerably less fearful of crime in their neighborhoods, and a majority reported feeling safe in their neighborhoods, especially during the daytime.
Design/methodology/approach
This paper hypothesized that similar to the crime itself, perceptions of safety or the fear of crime, also tend to be concentrated in hotspots. Following a hotspot analysis based on the respondents’ perceptions of safety, the data gathered were applied to the perceived neighborhood structure. Using two perception-of-safety models, this paper could analyze the ripple effect of individual perception on the neighborhood by adding the calculated values of the perceived safety hotspot through hotspot analysis.
Findings
The results indicated that income, trust in others, attachment to the local neighborhood and police access can increase residents’ perceptions of safety. Additionally, the neighborhoods’ perception of safety was found to positively impact the individual’s perception of safety.
Research limitations/implications
This study was limited in terms of generalizing the findings. Further studies could potentially include not only other cities in India but also, cities in developing countries in Africa and Latin America, where residents tend not to fear crime despite high crime rates.
Practical implications
Residents’ perceived safety does not necessarily reflect local crimes and security. Local policies to improve residents’ perceptions of safety have to often be separated from crime reduction because a reduction in some crimes would not necessarily improve residents’ perception of safety. Contrarily, if the crime rate is high, as in the case of Delhi, people may have a moderate fear of crime across the neighborhood.
Originality/value
Notably, this study found that, along with trust in others and attachment to the local neighborhood, individuals’ perception of safety is positively affected by neighborhoods’ perception of safety, which is assessed by the alternate analytic model.
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| 104. |
Coulibaly Thierry Yerema, Mihoko Wakamatsu, Moinul Islam, Hiroki Fukai, Shunsuke Managi, Bingqi Zhang, Differences in Water Policy Efficacy across South African Water Management Areas, Ecological Economics, 10.1016/j.ecolecon.2020.106707, 175, 106707-106707, 2020.09. |
| 105. |
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.. |
| 106. |
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, 35, 100517-100517, 2020.09, 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.. |
| 107. |
Jun Xie, Wataru Nozawa, Shunsuke Managi, The role of women on boards in corporate environmental strategy and financial performance: A global outlook, Corporate Social Responsibility and Environmental Management, 10.1002/csr.1945, 27, 5, 2044-2059, 2020.09, This study examines the impact of board gender diversity on corporate environmental strategy and financial performance. Based on 12 corporate environmental policies in 3,389 firms worldwide, we identified four types of corporate environmental strategies by using the latent class regression model: an inactive strategy, a reactive strategy, a pollution prevention strategy, and a sustainable development strategy. The empirical evidence shows that women on boards (WoB) contribute to the promotion of proactive environmental strategies, including the pollution prevention strategy, which is found to bring about sustained competitive advantage in both short-term and long-term financial performance, and the sustainable development strategy, which is positively associated with long-term financial performance. Following the natural resource-based view of the firm, these findings indicate that WoB can be seen as a key resource in the organizational process, which provides a shared vision of the future and strong moral leadership to the top management team.. |
| 108. |
Michiyuki Yagi, Shigemi Kagawa, Shunsuke Managi, Hidemichi Fujii, Dabo Guan, Supply Constraint from Earthquakes in Japan in Input–Output Analysis, Risk Analysis, 10.1111/risa.13525, 40, 9, 1811-1830, 2020.09, Disasters often cause exogenous flow damage (i.e., the [hypothetical] difference in economic scale with and without a disaster in a certain period) to production ("supply constraint"). However, input-output (IO) analysis (IOA) cannot usually consider it, because the Leontief quantity model (LQM) assumes that production is endogenous; the Ghosh quantity model (GQM) is considered implausible; and the Leontief price model (LPM) and the Ghosh price model (GPM) assume that quantity is fixed. This study proposes to consider a supply constraint in the LPM, introducing the price elasticity of demand. This study uses the loss of social surplus (SS) as a damage estimation because production (sales) is less informative as a damage index than profit (margin); that is, production can be any amount if without considering profit, and it does not tell exactly how much profit is lost for each supplier (upstream sector) and buyer (downstream sector). As a model application, this study examines Japan's largest five earthquakes from 1995 to 2017 and the Great East Japan Earthquake (GEJE) in March 2011. The worst earthquake at the peak tends to increase price by 10-20% and decrease SS by 20-30%, when compared with the initial month's prices/production. The worst damage tends to last eight months at most, accumulating 0.5-month-production damage (i.e., the sum of [hypothetical] differences in SS with and without an earthquake [for eight months] is 50% of the initial month production). Meanwhile, the GEJE in the five prefectures had cumulatively, a 25-month-production damage until the temporal recovery at the 37th month.. |
| 109. |
Hiroki Nakamura, Shunsuke Managi, Airport risk of importation and exportation of the COVID-19 pandemic, Transport Policy, 10.1016/j.tranpol.2020.06.018, 96, 40-47, 2020.09. |
| 110. |
Darshana Rajapaksa, Marcel Gono, Clevo Wilson, Shunsuke Managi, Boon Lee, Viet-Ngu Hoang, The demand for education: The impacts of good schools on property values in Brisbane, Australia, Land Use Policy, 10.1016/j.landusepol.2020.104748, 97, 104748-104748, 2020.09. |
| 111. |
Minh Le, Viet-Ngu Hoang, Clevo Wilson, Shunsuke Managi, Net stable funding ratio and profit efficiency of commercial banks in the US, Economic Analysis and Policy, 10.1016/j.eap.2020.05.008, 67, 55-66, 2020.09. |
| 112. |
Tetsuya Tsurumi, Shunsuke Managi, Health-related and non-health-related effects of PM2.5 on life satisfaction: Evidence from India, China and Japan, Economic Analysis and Policy, 10.1016/j.eap.2020.06.002, 67, 114-123, 2020.09. |
| 113. |
Alexander Ryota Keeley, Ken’ichi Matsumoto, Kenta Tanaka, Yogi Sugiawan, Shunsuke Managi, The Impact of Renewable Energy Generation on the Spot Market Price in Germany: Ex-Post Analysis using Boosting Method, The Energy Journal, 10.5547/01956574.42.s12.akee, 41, 01, 2020.09. |
| 114. |
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, 120051-120051, 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.. |
| 115. |
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.. |
| 116. |
Kumagai J., Wakamatsu M., Managi S.., Do commuters adapt to in-vehicle crowding on trains?, Transportation, 2020.07. |
| 117. |
Soichiro Maruta, Akinori Kitsuki, Shunsuke Managi, Perceived Arrival Time of Disaster Relief Supplies Matters for Household Preparedness for Natural Disasters, Economics of Disasters and Climate Change, 10.1007/s41885-020-00061-4, 4, 2, 365-384, 2020.07. |
| 118. |
Thierry Coulibaly, Moinul Islam, Shunsuke Managi, The Impacts of Climate Change and Natural Disasters on Agriculture in African Countries, Economics of Disasters and Climate Change, 10.1007/s41885-019-00057-9, 4, 2, 347-364, 2020.07. |
| 119. |
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.. |
| 120. |
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, 110328-110328, 2020.06, © 2020 Elsevier Ltd 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.. |
| 121. |
Bingqi Zhang, Wataru Nozawa, Shunsuke Managi, Sustainability measurements in China and Japan: an application of the inclusive wealth concept from a geographical perspective, Regional Environmental Change, 10.1007/s10113-020-01658-x, 20, 2, 2020.06. |
| 122. |
Xiangdan Piao, Xinxin Ma, Chi Zhang, Shunsuke Managi, Impact of Gaps in the Educational Levels between Married Partners on Health and a Sustainable Lifestyle: Evidence from 32 Countries, Sustainability, 10.3390/su12114623, 12, 11, 4623-4623, 2020.06, Using original cross-sectional internet survey data from 32 countries covering six continents, we investigated the impact of education gaps between married partners on their health status and sustainable lifestyles using the instrumental variable method. A self-rated health status index, mental health index, and an objective health status index were utilized to assess the health statuses of individuals, and six unique indices were used to investigate the sustainable lifestyles. According to the main findings, work-family conflicts may be severe for both wives and husbands with high education levels, and the hypothesis regarding the positive effect of income was not supported. Two major conclusions were derived. First, in general, as opposed to couples with equal education levels, the probability of reporting a worse health status was higher, and the activities related to sustainable development such as improving environmental sustainability were less for couples with education gaps. Second, a comparison of the effects of education gaps on the health status of couples in various groups reveals that highly educated groups, women, and people in Asian or middle-income countries had a higher negative effect on their health status.. |
| 123. |
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, 120523-120523, 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.. |
| 124. |
Shunsuke Managi, George Halkos, pecial Issue Introduction - 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. |
| 125. |
Wasantha Athukorala, Muditha Karunarathna, Clevo Wilson, Shunsuke Managi, Conservation of Genetic Resources of Crops: Farmer Preferences for Banana Diversity in Sri Lanka, Journal of Forest Economics, 10.1561/112.00000513, 35, 2-3, 177-206, 2020.03. |
| 126. |
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.. |
| 127. |
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, 101349-101349, 2020.02. |
| 128. |
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, 104653-104653, 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.. |
| 129. |
Isma Addi Jumbri, Shunsuke Managi, Inclusive wealth with total factor productivity: global sustainability measurement, Global Sustainability, 10.1017/sus.2020.1, 3, e5-e5, 2020.01, Non-technical abstract
Wealth commonly refers to the measure of the value of all assets or capital owned by an individual, community, company or nation. Sustainable development requires that the per capita productive base or comprehensive wealth of an economy should at least not decline over a period of time. We present here a comprehensive assessment of cross-country productivity over a study period of 1990–2010 for 140 countries. We used the concept of inclusive wealth introduced by the United Nations to assess the social value, rather than dollar price, of all each country's assets, including produced, human and natural capital.. |
| 130. |
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, 118643-118643, 2020.01, © 2019 Elsevier Ltd 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.. |
| 131. |
Wolfgang Winkler, Noriko Behling, Thomas Behling, Shunsuke Managi, Mark Christopher Williams, Options for Natural Gas and Methane Including Fuel Cell Utilization in a Sustainable Energy Infrastructure, ECS Transactions, 10.1149/09601.0081ecst, 96, 1, 81-105, 2020.01. |
| 132. |
Broadstock, David C, Managi, Shunsuke, Introduction to the Special Issue on "Competition in the Electricity Sector, The Energy Journal, 1, 41, 1-3, 2020.01. |
| 133. |
Inequality of health stock and the relation to national wealth.. |
| 134. |
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. |
| 135. |
Male pupils taught by female homeroom teachers show a higher preference for Corporate Social Responsibility in adulthood
© 2019 Elsevier Inc. We test how early childhood education creates preferences for Corporate Social Responsibility (CSR) through teacher-student random gender matching. Using originally collected individual-level data, we examine how female teachers in elementary school influence students’ CSR stated preferences in their adulthood. Our major finding is that female teachers affect male but not female pupils’ preferences for corporate responsibility later in life, which offers new evidence from Japan for the female socialization hypothesis. Considering that class teachers are randomly assigned to pupils at entrance to elementary school, this effect is not merely associational but causal.. |
| 136. |
Migration and human capital: Evidence from japan
© 2019 Elsevier Inc. We apply a modified gravity model to Japanese municipal-level migration and demographic data to examine the drivers of domestic migration. We focus on the human capital stock of municipalities, measured by the share of university graduates in the municipal population, and human capital related variable, identified as a shortage rate of nursery school capacity. Our results reveal the migration pattern from municipalities with low to high human capital stock or to better conditions. Moreover, the positive impact of human capital stock is larger for age groups active in the labor force. We discuss the implications of our empirical findings for sustainable regional development in aging societies with declining populations.. |
| 137. |
Financial constraints of firms and bank characteristics
© 2019 Economic Society of Australia, Queensland There are a variety of institutional lenders in capital markets, such as banks or credit unions. Using the panel data of Japanese firms, we evaluate banks and credit unions based on their borrowers’ cash-flow sensitivity of investments, which is a measure of borrowers’ financial constraints. Our findings suggest that credit unions are doing better than banks in loosening the financial constraints of small and, in particular, middle-aged firms. We then discuss some potentially socially desirable policy interventions. We further contribute to the literature on firms’ financial constraints by estimating investment-cash-flow sensitivity using a sample that has not been analyzed.. |
| 138. |
Political economy of voluntary approaches: A lesson from environmental policies in Japan
© 2019 Economic Society of Australia, Queensland In this paper, we attempt to identify the reasons behind the differences in environmental policy between Japan and other developed countries, particularly the US. Japan's environmental policy is unique in that voluntary approaches have been taken to reduce total emissions. This strategy is quite different from the traditional approach of heavy-handed regulation. In Japan, voluntary approaches are conducted through negotiations with polluters. The idea behind this type of voluntary approaches is that the government can induce polluters to abate emissions voluntarily by using light-handed regulations and the threat of heavy-handed regulations. The light-handed regulation is quite effective especially when it is costly to introduce heavy-handed regulations, although the negotiations are difficult to conduct when the number of stakeholders is large. To strengthen our analysis, we provide some examples of Japanese environmental policies which are successful and the ones that are not.. |
| 139. |
What determines whale watching tourists’ expenditure? A study from Hervey Bay, Australia. |
| 140. |
Household demand for electricity: The role of market distortions and prices in competition policy
© 2019 Elsevier Ltd This paper examines residential demand for electricity in Sri Lanka using survey data collected over a five-year period between 2011 and 2015. The study finds that the major determinants of demand for residential electricity are the result of price or market distortions (i.e. subsidies), socioeconomic variables and energy saving technology. The effects of these variables are particularly relevant to competition policy. Estimated elasticities with respect to average price, subsidies under marginal cost pricing, subsidies under average cost pricing and income are found to be −0.015, 0.021, 0.036 and 0.046 respectively. We find that demand for electricity is inelastic and is categorised as a normal good. However, elasticities with respect to subsidy variables are found to be higher than the price variable. This implies, that under an increasing block rate system any price change used as a policy measure to control electricity consumption will not be effective. This is because price changes could alter the subsidy received by the consumer and therefore reverse the objective of the price change. Further, results of this study find that price and elasticities with respect to subsidy variables are relatively higher for low income groups while income elasticity is relatively larger for high income groups.. |
| 141. |
Public acceptance of nuclear power plants in Indonesia: Portraying the role of a multilevel governance system. |
| 142. |
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, 14, 6, 1463-1465, 2019.11. |
| 143. |
Impacts of productive efficiency improvement in the global metal industry on CO2 emissions.. |
| 144. |
Do monetary and non-monetary incentives influence environmental attitudes and behavior? Evidence from an experimental analysis. |
| 145. |
Is Japan's commercial whaling doomed?. |
| 146. |
Does doing “good” always translate into doing “well”? An eco-efficiency perspective. |
| 147. |
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. |
| 148. |
Energy-carbon performance and its changing trend: An example from China's construction industry. |
| 149. |
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.. |
| 150. |
Andrew Chapman, Hidemichi Fujii, Shunsuke Managi, Multinational life satisfaction, perceived inequality and energy affordability, Nature Sustainability, 10.1038/s41893-019-0303-5, 2, 6, 508-514, 2019.06, © 2019, The Author(s), under exclusive licence to Springer Nature Limited. We analyse subjective experiences of energy poverty to address the limitations of existing observable indicators as evidence for policy. We investigate the linkage between self-reported energy affordability and life satisfaction, health and economic inequality. A large-scale survey of 100,956 respondents across 37 nations shows that energy affordability concerns individuals in both developing and developed nations. Self-reported (perceived) values do not necessarily follow previous research and vary according to regional, economic, development and cultural factors. Contrasting this evidence with national-level data, such as healthy life expectancy and government spending on health and welfare, we identify associations between self-reported outcomes, income levels and national policy. Although national welfare spending can reduce the perceived economic gap, high income is not necessarily associated with better perceived satisfaction, health or economic outcomes. Enhancing energy access may lead to improved health outcomes in the most marginalized nations; however, lifestyle and cultural factors also play a role. Although the outcomes of less-developed nations can likely improve through development aid from more-developed nations, our results show that cultural and other factors underpin satisfaction in developing nations, which experience comparatively poorer life satisfaction. We identified that some nations had superior outcomes for health and life satisfaction despite lower income levels. This highlights the need for further research to uncover non-income-based factors that underlie life satisfaction and health, such as community connectedness or familial factors.. |
| 151. |
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. |
| 152. |
日本における森林生態系サービスの経済評価. |
| 153. |
農林業の生態系サービスと自然資本のグローバル分析. |
| 154. |
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
2
) 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
2
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
2
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
2
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
2
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
2
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
2
emission mitigation scenarios, which is essential for promoting future climate actions.. |
| 155. |
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. |
| 156. |
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. |
| 157. |
Are carbon dioxide emission reductions compatible with sustainable well-being?. |
| 158. |
Green bonds for the Paris agreement and sustainable development goals. |
| 159. |
New Evidence of Energy-Growth Nexus from Inclusive Wealth
© 2018 Elsevier Ltd 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.. |
| 160. |
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.. |
| 161. |
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. |
| 162. |
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. |
| 163. |
Aftermath of Fukushima: Avoiding Another Major Nuclear Disaster
© 2018 Elsevier Ltd 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.. |
| 164. |
Which Performs Better under Trader Settings, Double Auction or Uniform Price Auction
© 2018, Economic Science Association. A marketable permit system (MPS) has been suggested as a solution to environmental problems. Although the properties of MPSs under non-trader settings, in which each player is exclusively either a seller or a buyer, are well documented, little research has explored how MPSs perform under trader settings, in which each player can be both a seller and a buyer. We institute two auctions of trader settings in MPS experiments: a double auction (DA) and a uniform price auction (UPA). We then evaluate and compare their performances both with each other and with those under non-trader settings. The main results are as follows: DAs under trader settings perform much worse than do DAs under non-trader settings, whereas UPAs perform well, regardless of the trader and non-trader settings. UPAs are more efficient and generate more stable prices than do DAs under trader settings, and a considerable proportion of trades in DAs under trader settings consist of “flips” that could be considered speculation or errors. Thus, UPAs are likely to work better than DAs under trader settings.. |
| 165. |
Analysis of Household Energy Consumption Using Cohort Data. |
| 166. |
Eco‐DRR導入時の経済的効果に関する研究. |
| 167. |
Decomposition Analysis of Sustainable Green Technology Inventions in China
© 2018 Elsevier Inc. Sustainable green technology is an important contributor to creating a sustainable society by simultaneously promoting environmental protection and economic development. This study examines the determinants of sustainable green technology invention in China, with a focus on the differences in green technology development priorities in each five-year plan period. This study uses patent publication data in a patent decomposition analysis framework. We find that sustainable green patent publications increased due to efficiency improvements, the prioritization of sustainable green patents, an increased R&D expenditure share and economic growth, especially during periods of gradual economic development in China. Additionally, we find that the relative priority of R&D shifted from renewable energy technology to pollution abatement and other sustainable green technology in the 12th five-year plan. The different R&D priority trends for sustainable green technologies among the five-year plans can be used to formulate effective policies that promote sustainable green technology invention.. |
| 168. |
Backward- and Forward-Looking Shadow Prices in Inclusive Wealth Accounting: An Example of Renewable Energy Capital
© 2018 The Authors Attaching weights to the list of capital assets is crucial in inclusive wealth accounting and sustainability assessments. These weights, or shadow prices, can be constructed in theory by looking prospectively at future social profits that the capital in question is expected to yield. In practice, however, both backward- and forward-looking shadow prices are used. This study confirms that these two approaches are theoretically equivalent under strong assumptions and reviews how and why the two approaches are taken. The two approaches are then applied to renewable energy capital (REC), which has rarely been done in either produced or natural capital accounting and sustainability assessments. Renewable energy capital provides an ideal example with which to compare the two approaches, as it is a class of produced capital that substitutes both produced and natural capital. The numerical results of both approaches demonstrate that renewable energy capital starts to account for as large a share as natural capital does, if not produced capital or inclusive wealth, in those countries where natural capital is poorly endowed and investment in renewable energy capital has been witnessed.. |
| 169. |
Wakamatsu M., andManagi S.., Examining Public Support for International Agreements on Tuna Management and Conservation, Marine Policy, 100, 298-306, 2019.02. |
| 170. |
Updated Look at the DCFC: the Fuel Cell Technology Using Solid Carbon as the Fuel
© 2018, The Society for Mining, Metallurgy & Exploration. 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.. |
| 171. |
環境・経済・社会の統合的向上:SDGsと新国富指標の活用. |
| 172. |
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. |
| 173. |
Characterising Climate Change Discourse on Social Media During Extreme Weather Events
© 2018 When extreme weather events occur, people often turn to social media platforms to share information, opinions and experiences. One of the topics commonly discussed is the role climate change may or may not have played in influencing an event. Here, we examine Twitter posts that mentioned climate change in the context of three high-magnitude extreme weather events – Hurricane Irene, Hurricane Sandy and Snowstorm Jonas – in order to assess how the framing of the topic and the attention paid to it can vary between events. We also examine the role that contextual factors can play in shaping climate change coverage on the platform. We find that criticism of climate change denial dominated during Irene, while political and ideological struggle frames dominated during Sandy. Discourse during Jonas was, in contrast, more divided between posts about the scientific links between climate change and the events, and posts contesting climate science in general. The focus on political and ideological struggle frames during Sandy reflects the event's occurrence at a time when the Occupy movement was active and the 2012 US Presidential Election was nearing. These factors, we suggest, could also contribute to climate change being a more prominent discussion point during Sandy than during Irene or Jonas. The Jonas frames, meanwhile, hint at lesser public understanding of how climate change may influence cold weather events when compared with tropical storms. Overall, our findings demonstrate how event characteristics and short-term socio-political context can play a critical role in determining the lenses through which climate change is viewed.. |
| 174. |
Updated look at the application of solid particles in fuel cell technology
Copyright © 2019 by SME. Particle processing is a key to using solid particles in fuel cell applications. Selectivity with regard to reactivity, impurities, etc. is important feature and the treatment of particle surfaces could greatly impact the performance of direct carbon fuel cells. Solid fuel particles will become increasingly important in the future. Present energy conversion systems for solid fuels are too inefficient. New energy conversion systems for solid fuels with higher energy conversion efficiencies are possible. Fuel cell technology is a key-technology in these new conversion systems. The direct carbon fuel cell (DCFC) operates on carbon particles obtained from a variety of solid fuel feedstocks. The DCFC is the only fuel cell designed to directly oxidize carbon particles in a special anode chamber. The particles are generally graphite structure with high purity. The electrolyte used is the high temperature solid oxide, molten carbonate or hydroxide electrolyte. Since a pure stream of CO2 is produced the stream can easily be sequestered and disposed. Pure carbon dioxide produced as a by-product would also have a market in many industries. A well-defined technology roadmap identifying key research and development (R&D) issues is necessary to provide a framework for the development of these systems and to prevent entrenchment in inherently inefficient technologies. This review paper describes the direct carbon fuel cell and its system, how it works, the developmental status, the characteristics of the carbon particles needed, and the research and development issues for the technology.. |
| 175. |
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. |
| 176. |
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.. |
| 177. |
Tsurumi T., Imauji A., Managi S. , Relative Income, Community Attachment and Subjective Well-being: Evidence from Japan, Kyklos , 72, 152-182, 2018.11. |
| 178. |
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.. |
| 179. |
Measuring long-term sustainability with shared socioeconomic pathways using an inclusive wealth framework. |
| 180. |
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.. |
| 181. |
Pigovian tax and urban land use policy in consideration of energy consumption and traffic congestion. |
| 182. |
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.. |
| 183. |
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.. |
| 184. |
Aly E.A, Managi S, 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. |
| 185. |
Economic Growth and Sustainable Development in Indonesia: An Assessment *. |
| 186. |
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.. |
| 187. |
新国富論,新たな経済指標による地方創生論. |
| 188. |
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. |
| 189. |
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.. |
| 190. |
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. |
| 191. |
Halkos G, Managi S, Tsilika K, 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. |
| 192. |
Wataru Nozawa, Tetsuya Tamaki, Shunsuke Managi, 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, Determining the optimal combination of mitigation and adaptation investments is an important topic in policy making to combat climate change. Some analytical results on the relationship between the optimal ratio of adaptation to mitigation and development level have been reported in the literature. In this article, we examine this relationship in greater detail using a simple model with general return functional forms and analytically show that the relationship can take various forms. The results suggest a desirable design of empirical studies on adaptation measures. In addition, the insights obtained in the simple model are useful to understand more complicated models.. |
| 193. |
Tetsuya Tsurumi, Atsushi Imauji, Shunsuke Managi, 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, 2018.06, This study shows the monetary value of greenery in Tokyo by type, based on the relationship between greenery types and well-being indices. We use multiple measures to measure well-being, including the Cantril ladder, life satisfaction, subjective happiness, affect balance, and mental health, as each of these measures may capture a different aspect of well-being. We utilize QuickBird satellite images with a pixel resolution of 61 cm, which have not been used in previous studies. This allows us to extract greenery data at the tree level, which is a method we expect to contribute to a more reliable evaluation of greenery. Our estimation results show that the valuations of greenery change depending on the choice of index used to measure well-being and the type of greenery.. |
| 194. |
Tamaki Morita, Kimika Yamamoto, Shunsuke Managi, The relationship between school-based career education and subsequent incomes: Empirical evidence from Japan, Economic Analysis and Policy, 10.1016/j.eap.2017.12.007, 58, 70-87, 2018.06, Students’ career paths in Japan have greatly changed due to macroeconomic factors and the fact that young people are increasingly opting not to participate in the labor force. The need to provide education fostering motivation and qualities required for students’ future social and vocational independence has emerged. The government-promoted career education policies have become established as one of the pillars of youth employment policy. This study explored the effects of career policies in school settings by identifying graduates’ earning capacity (annual income) through an online survey followed by quantitative analysis of the results. We report the evaluation of career policies by respondents, and then measure the effects of these policies on both labor participation and income. Although the specific program we focused on did not show clear effects, career education policies in general, and daily activities in elementary and middle schools affect graduates’ incomes. We also identify other key attributes that influence income.. |
| 195. |
Shinya Ikeda, Shunsuke Managi, Future inclusive wealth and human well-being in regional Japan: projections of sustainability indices based on shared socioeconomic pathways, Sustainability Science, 10.1007/s11625-018-0589-7, 14, 1, 1-12, 2018.06, This paper evaluates whether future societal trajectories for Japan will occur along sustainable pathways. This work first provides future scenarios for different regions in Japan based on shared socioeconomic pathways (SSPs). Then, we project the inclusive wealth index (IWI) under different future scenarios for 2015–2100. We find that future Japan retains sustainability under all SSPs in 2100 through a comparison with the level of wealth in 2010. However, the trends of IWI per capita are U-shaped, and different regions in Japan will face difficulties caused by unsustainability in the early stages. We also investigate subjective well-being in these projections. Surprisingly, we observe an increase in the well-being index under all SSPs except for SSP5, which focused on promoting economic growth and not on conserving biodiversity. This study provides a framework for evaluating the sustainability of regions, and many indicators are captured in a single index.. |
| 196. |
Guodong Du, Kong Joo Shin, Shunsuke Managi, Variability in impact of air pollution on subjective well-being, Atmospheric Environment, 10.1016/j.atmosenv.2018.04.018, 183, 183, 175-208, 2018.06, This paper examines the impact of variability in impact of air pollution on life satisfaction (LS). Previous studies have shown robust negative impact of air pollution on subjective well-being (SWB). However, empirical studies that consider variability in air pollution effects through comparative city study are limited. This study provides comparative evaluation of two major Chinese cities: Beijing and Shanghai. We apply a geo-statistical spatial interpolation technique on pollution data from monitoring sites to estimate the Sulfur Dioxide (SO2), Nitrogen Dioxide (NO2), coarse particles with a diameter between 2.5 and 10 μm (PM10) and fine particles with a diameter of 2.5 μm or less (PM2.5) pollution exposure of respondents of a survey conducted in 2016. The results show that all pollutants have robust negative impacts on LS for Beijing residents, whereas only SO2 and NO2 have significant negative impacts on LS for Shanghai residents
Per unit impact of SO2 is greater in Shanghai, and that of NO2 is greater in Beijing. Beijing and Shanghai residents have almost same monetary valuation for SO2 reduction but Beijing residents place approximately 1.5 times valuation on NO2 reduction compared to Shanghai residents. Moreover, the LS of Beijing residents is sensitive to temporal changes in the pollution level, whereas Shanghai residents are unaffected by such changes.. |
| 197. |
Majiwa E, Lee B.L, Wilson C, Fujii H, Managi S, 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. |
| 198. |
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.. |
| 199. |
Inclusive Wealth Index and Policy Decision. |
| 200. |
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. |
| 201. |
Goeschl T., Managi S., Public in-kind Relief and Private Self-insurance, Economics of Disasters and Climate Change, 3(1), 3-21, 2018.05. |
| 202. |
Guodong Du, Kong Joo Shin, Liang Yuan, Shunsuke Managi, A comparative approach to modelling 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, 2018.04, Urban multiple land use change (LUC) modelling enables the realistic simulation of LUC processes in complex urban systems
however, such modelling suffers from technical challenges posed by complicated transition rules and high spatial heterogeneity when predicting the LUC of a highly developed area. Tree-based methods are powerful tools for addressing this task, but their predictive capabilities need further examination. This study integrates tree-based methods and cellular automata to simulate multiple LUC processes in the Greater Tokyo Area. We examine the predictive capability of 4 tree-based models–bagged trees, random forests, extremely randomised trees (ERT) and bagged gradient boosting decision trees (bagged GBDT)–on transition probability prediction for 18 land use transitions derived from 8 land use types. We compare the predictive power of a tree-based model with multi-layer perceptron (MLP) and among themselves. The results show that tree-based models generally perform better than MLP, and ERT significantly outperforms the three other tree-based models. The outstanding predictive performance of ERT demonstrates the advantages of introducing bagging ensemble and a high degree of randomisation into transition probability modelling. In addition, through variable importance evaluation, we found the strongest explanatory powers of neighbourhood characteristics for all land use transitions
however, the size of the impacts depends on the neighbourhood land use type and the neighbourhood size. Furthermore, socio-economic and policy factors play important roles in transitions ending with high-rise buildings and transitions related to industrial areas.. |
| 203. |
Mihoko Wakamatsu, Kong Joo Shin, Clevo Wilson, Shunsuke Managi, Exploring a Gap between Australia and Japan in the Economic Valuation of Whale Conservation, Ecological Economics, 10.1016/j.ecolecon.2017.12.002, 146, 397-407, 2018.04, Wildlife conservation is an important part of environmental policy
in the case of whales, we must consider the balance between two uses: whaling and whale watching. This study provides an economic valuation of whale conservation using stated-preference choice experiment data collected from anti-whaling populations in Australia and Japan. Using a mixed logit model, we find higher economic valuation for a ban on whaling than for conventional protection actions in Australia. Despite the popularity of whale watching, limiting protections for species that are observed during whale-watching tours do not necessarily increase valuation. In contrast, we do not find a policy favored among the anti-whaling Japanese, who are in the minority and are significantly different from the general population in socio-demographic terms. Nonetheless, protection focusing on endangered whales is utility increasing for both countries. Overall, the results show a significant difference even among the anti-whaling populations of the two countries, suggesting a high bar for reaching international consensus over whaling. Lastly, the results from a latent class model also suggest that the level of demand for whale conservation in Japan could match the Australian level by proclaiming the importance of conserving endangered species and providing information on whales.. |
| 204. |
Uttam Khanal, Clevo Wilson, Shunsuke Managi, Boon Lee, Viet-Ngu Hoang, Robert Gifford, Psychological influence on survey incentives: valuing climate change adaptation benefits in agriculture, Environmental Economics and Policy Studies, 10.1007/s10018-017-0195-4, 20, 2, 305-324, 2018.04, Psychological influences affect the way people value the environment. However, traditional economic valuation models often do not account for how people are asked about valuing the environment. We examined how valuations by Nepalese farmers differ based on how the questions are asked and which incentives are provided. In a face-to-face choice experiment, incentive receivers spent more time than incentive non-receivers answering the survey, but were not more likely to choose a status quo option. Prepaid survey incentives had minimal effect on the stated welfare measures. The results suggest that prepaid incentives increase response rates, but do not increase welfare estimates. The findings also strengthen the methodological validity of our results, which indicated that farmers are willing to pay a substantial amount to secure climate change adaptation benefits on their land.. |
| 205. |
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. |
| 206. |
Loeschel A., and Managi S. , Economic Analysis of Energy Demand: Insights for Industries and Households, Resource and Energy Economics, 2018.03. |
| 207. |
Mai Sekitou, Kenta Tanaka, Shunsuke Managi, Household electricity demand after the introduction of solar photovoltaic systems, Economic Analysis and Policy, 10.1016/j.eap.2017.04.001, 57, 102-110, 2018.03, This study quantitatively evaluates the effect of solar photovoltaic system (PV system) installation on the actual amounts of electricity usage in Japanese households. Using consumer-level data, the effects of installing a PV system on the electricity demand are estimated in terms of the impact of the technological performance which was a direct contributor to a reduction in the electricity demand. Also, we confirm the effect of peoples’ electricity consumption behavior by installation of the PV system. As a result, we estimate that the technological performance of PV system had a major effect on the reduction of the electricity demand after the installation of a PV system. Furthermore, for each additional 1 kW increase in battery capacity, the average electricity fee savings per month are approximately 517 Japanese yen per month in the summer, 152 Japanese yen per month in the winter, and approximately 334 Japanese yen annually.. |
| 208. |
Tetsuya Tamaki, Kong Joo Shin, Hiroki Nakamura, Hidemichi Fujii, Shunsuke Managi, Shadow prices and production inefficiency of mineral resources, Economic Analysis and Policy, 10.1016/j.eap.2017.03.005, 57, 111-121, 2018.03, With the Millennium Development Goal focusing on the eradication of poverty in developing countries expiring in 2015, the international focus is shifting toward sustainable development. The sustainability of the natural resources that are used as energy sources and in the production of goods is a global issue that is not specific to developing nations. We contribute to the need for quantitative targets for natural resources by calculating the shadow prices and production inefficiency levels of 32 mineral resources by using a stochastic frontier analysis and panel data from 1980 to 2010 in 162 countries. In addition, we provide estimated shadow prices and production inefficiency levels up to 2020 with various levels of production restrictions. The results show the following: (1) The shadow prices and production inefficiency levels of major metals are generally higher in Asian countries than in non-Asian countries
(2) there is an upward trend in the inefficiency levels in Asian countries, whereas the inefficiency levels remain rather stable in non-Asian countries
(3) production restrictions do not guarantee an increase in shadow prices, but the magnitude of the impact of such restrictions seems to be larger in Asian countries compared to non-Asian countries
(4) production restrictions do not seem to affect production inefficiency
thus, they may not be effective in reducing gaps in production inefficiency between Asian and non-Asian countries.. |
| 209. |
Noy I., Managi S., Hallegatte S.., Economics of Disasters and Climate Change – The Journal’s First Year, Economics of Disasters and Climate Change, 10.1007/s41885-018-0025-6, 2, 1-3, 2018.03. |
| 210. |
Masayuki Sato, Kenta Tanaka, Shunsuke Managi, Inclusive wealth, total factor productivity, and sustainability: an empirical analysis, Environmental Economics and Policy Studies, 10.1007/s10018-018-0213-1, 20, 4, 1-17, 2018.03, Sustainability can be assessed by non-declining inclusive wealth, which refers to man-made capital, human capital, natural capital, and all other types of capital that are sources of human well-being. As the previous studies—including Arrow et al. (J Econ Perspect 18(3):147–172, 2004) and the Inclusive Wealth Report (2012 and 2014)—suggest, total factor productivity (TFP) is one determinant of inclusive wealth, because it is related to the resource allocation mechanism. TFP is one important component of sustainability. When considering the contribution of TFP toward inclusive wealth, attention needs to be paid to the improvement in the usage of human and natural capital as well as the traditional man-made capital. However, in the previous studies, only man-made capital and labor force have been considered. This study extends current measures of sustainability by capturing the efficient utilization of natural resources, giving us inclusive wealth-based TFP. Therefore, in contrast to conventional TFP measures, we consider both human and natural capital in addition to man-made capital. We examine 43 countries and find that a new indicator which asserts countries previously considered sustainable by earlier studies such as Arrow et al. (J Econ Perspect 18(3):147–172, 2004) as no longer sustainable.. |
| 211. |
Nozawa Wataru, Tamaki Tetsuya, Managi Shunsuke, Development Level and Optimal Mixture of Adaptation and Mitigation Investments, Journal of Cleaner Production, 10.1016/j.jclepro.2018.03.103, 186, 57-67, 2018.03. |
| 212. |
Modeling the spatio-temporal dynamics of land use change with recurrent neural networks
This study applies recurrent neural networks (RNNs), which are known for its
ability to process sequential information, to model the spatio-temporal
dynamics of land use change (LUC) and to forecast annual land use maps of the
city of Tsukuba, Japan. We develop two categories of RNN models: 1) simple RNN,
which is the basic RNN variant, 2) three RNN variants with advanced gated
architecture: long short-term memory (LSTM), LSTM with peephole connection
(LSTM-peephole), and gated recurrent unit (GRU) models. The four models are
developed using spatio-temporal data with high temporal resolution, annual data
for the periods 2000 to 2010, 2011 and 2012 to 2016 are used for training,
validation and testing, respectively. The predictive performances are evaluated
using classification metrics (accuracy and F1 score) and the map comparison
metrics (Kappa simulation and fuzzy Kappa simulation). The results show that
all RNN models achieve F1 scores higher than 0.55, and Kappa simulations higher
than 0.47. Out of the four RNN models, LSTM and LSTM-peephole models
significantly outperform the other two RNN models. Furthermore, LSTM-peephole
model slightly outperforms the LSTM model. In addition, the results indicate
that the RNN models with gated architecture, which have better ability to model
longer temporal dependency, significantly outperform the simple RNN model.
Moreover, the predictive performance of LSTM-peephole model gradually decreases
with the decrease of temporal sequential length of the training set. These
results demonstrate the benefit of taking temporal dependency into account to
model the LUC process with RNNs.. |
| 213. |
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. |
| 214. |
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, 1-16, 2018.02, 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.. |
| 215. |
Hidemichi Fujii, Shunsuke Managi, Roman Matousek, Aarti Rughoo, Bank efficiency, productivity, and convergence in EU countries: a weighted Russell directional distance model, European Journal of Finance, 10.1080/1351847X.2017.1303527, 24, 2, 135-156, 2018.01, The objective of this study is three-fold. First we estimate and analyse bank efficiency and productivity changes in the EU28 countries with the application of a novel approach, a weighted Russell directional distance model. Second, we take a disaggregated approach and analyse the contribution of the individual bank inputs on bank efficiency and productivity growth. Third, we test for convergence in EU28 bank productivity as well as in the inefficiency of individual bank inputs. We find that bank efficiency has been undermined by the financial crisis in banks notably from the EU15 countries. We also argue that bank efficiency and productivity in EU countries vary across the banking sector with banks from the ‘old’ EU showing higher efficiency levels. Nonetheless, a noticeable catching up process is observed for banks from the ‘new’ EU countries. Consequently, we do not find evidence of group convergence for bank productivity but there is evidence of convergence in bank efficiency change and technical change among the EU28 countries throughout the period 2005–2014. The driving force seems to be convergent technical change from the old EU member states’ banks. On the other hand, almost no convergence is detected for the banks’ individual inputs while the transition paths show heightened diversity during the crisis years.. |
| 216. |
Robi Kurniawan, Shunsuke Managi, Linking Wealth and Productivity of Natural Capital for 140 Countries Between 1990 and 2014, Social Indicators Research, 10.1007/s11205-017-1833-8, 141, 1, 1-20, 2018.01, This study explores the relationship between inclusive wealth, economic growth, and productivity of natural capital (including forestry, fishery, fossil energy reserves and minerals) for 140 countries between 1990 and 2014. For this objective, a Malmquist productivity index is developed, and regression analysis is performed. The results are threefold. First, we found that natural capital deterioration constituted the main driving force of declining wealth per capita following fossil fuel extraction. Second, the adjustment to a conventional productivity growth measure depends on GDP growth and an endowment growth shift of natural capital relative to other input factors. Third, we also found that the initial phase of GDP growth was accompanied by slower natural capital utilization followed by a phase of deterioration as these countries continue to develop economically. With further economic development, enhanced technology and effective natural resources utilization limit the material basis and result in reduced natural capital extraction. These results imply that natural capital extraction management for a broader income level can be implemented for sustainability in both the short and long term.. |
| 217. |
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.. |
| 218. |
Yoshida Y, Tanaka K, Managi S, Which dynamic pricing rule is most preferred by consumers?—Application of choice experiment, Journal of Economic Structures, 10.1186/s40008-017-0064-0, 6, 1, 2017.12. |
| 219. |
Hidemichi Fujii, Shunsuke Okamoto, Shigemi Kagawa, Shunsuke Managi, 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, 2017.12, This study investigated the changes in the toxicity of chemical emissions from the US industrial sector over the 1998-2009 period. Specifically, we employed a multiregional input-output analysis framework and integrated a supply-side index decomposition analysis (IDA) with a demand-side structural decomposition analysis (SDA) to clarify the main drivers of changes in the toxicity of production-and consumption-based chemical emissions. The results showed that toxic emissions from the US industrial sector decreased by 83% over the studied period because of pollution abatement efforts adopted by US industries. A variety of pollution abatement efforts were used by different industries, and cleaner production in the mining sector and the use of alternative materials in the manufacture of transportation equipment represented the most important efforts.. |
| 220. |
George Halkos, Shunsuke Managi, Recent advances in empirical analysis on growth and environment: introduction, ENVIRONMENT AND DEVELOPMENT ECONOMICS, 10.1017/S1355770X17000286, 22, 6, 649-657, 2017.12, Recently, there has been significant research interest in the empirical formulations of the environment-income relationship using both global and disaggregated data. Advances in methods and availability of better and more extensive data make the old topic of growth and environment a unique field for Environment and Development Economics, among other journals. Conventionally, the environmental Kuznets curve has been important in testing for emissions of many pollutants in many different countries. Now, policy and institutional data including transparency variables are available, making many social and economic factors interesting for policy analysts. In light of these advances, and the existing associated empirical problems in analyzing the income-environment relationship, the key findings of each paper in this special issue are discussed and connected to the related areas of research interest.. |
| 221. |
George Halkos, Shunsuke Managi, Land use, forest preservation and biodiversity in Asia Introduction, JOURNAL OF FOREST ECONOMICS, 10.1016/j.jfe.2017.08.008, 29, 1-3, 2017.12, Continuous increase in one side of human populations and on the other side on the number of extinct and endangered species in Asia requires appropriate land use and forest preservation. Forests provide a number of benefits such as regulation of global climate and ecosystems, provision of raw materials and wild foods for local communities, watershed protection for a region, national income from ecotourism, carbon sequestration, being a landscape and habitat of rare species. This introduction provides summary for land use, forest preservation and biodiversity policy in Asia. (C) 2017 Department of Forest Economics, Swedish University of Agricultural Sciences, Umea. Published by Elsevier GmbH. All rights reserved.. |
| 222. |
Kohei Imamura, Shunsuke Managi, Shoichi Saito, Tohru Nakashizuka, Abandoned forest ecosystem: Implications for Japan's Oak Wilt disease, JOURNAL OF FOREST ECONOMICS, 10.1016/j.jfe.2017.08.005, 29, 56-61, 2017.12, This study determined values for the ecosystem services of abandoned coppice forests that are threatened by a forest disease known as Japanese Oak Wilt. We applied a discrete choice experiment to value these ecosystem services. The results indicated that ecosystem services were highly valued in the order of biodiversity conservation, water and soil regulation, timber provision, and climate change mitigation. This study suggests that people expect abandoned coppice forests to be protected from Japanese Oak Wilt and to become rich in biodiversity. However, public preference for biodiversity conservation services had high heterogeneity among people. On the other hand, water and soil regulation services were widely ranked as important among people. Furthermore, traditional management method is most preferred than other forest-change scenarios in JOW countermeasures. (C) 2017 Department of Forest Economics, Swedish University of Agricultural Sciences, Umea. Published by Elsevier GmbH. All rights reserved.. |
| 223. |
Wasantha Athukorala, Clevo Wilson, Shunsuke Managi, 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, 47-55, 2017.12, Quantity depletion and quality deterioration issues arising from the extraction of groundwater have been discussed in previous studies. However, the literature reveals no systematic analysis of the possible social welfare losses due to the cost of both quantity depletion and quality deterioration. This paper therefore investigates the long run welfare cost of using groundwater for agriculture by including both quantity depletion and quality deterioration costs simultaneously. This is achieved through an empirical study of onion farmers in Sri Lanka who use groundwater for their cultivation. A significant social welfare loss is found in terms of both groundwater quantity and quality deterioration costs and which is likely to increase over the long run. This is shown to have important long run implications for land use management. (C) 2017 Department of Forest Economics, Swedish University of Agricultural Sciences, Umea. Published by Elsevier GmbH. All rights reserved.. |
| 224. |
Hidemichi Fujii, Kazuyuki Iwata, Shunsuke Managi, 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, Urban policy plays an important role in urbanization and urban sprawl, which in turn affect changes in CO(2 )emissions from urban areas. However, urban planning policies that consider climate change mitigation have not been widely adopted, despite the issue's importance. To promote the consideration of climate change policies in urban planning, it is useful to identify the key determinants of effective climate change mitigation for policy makers. The objective of this study is therefore to identify the determining factors that affect changes in urban CO2 emissions based on city type using a dataset of metropolitan areas. We obtained data on 276 cities in 26 countries for the years 2000, 2005, and 2008. We divided the data into five regional groups and four clusters to control for the characteristics of metropolitan areas. The dataset includes urban CO2 emissions, GDP, and population. Three variables related to urban characteristics are subjected to determinants analysis using an econometric approach. The results show that the determinants of changes in urban CO2 emissions differ by city type and region. These results contribute to a better understanding of urban policies that can improve the effects of these driving factors by considering the characteristics of each city type. (C) 2017 Elsevier Ltd. All rights reserved.. |
| 225. |
Toshihiko Kitamura, Shunsuke Managi, Driving force and resistance: Network feature in oil trade, APPLIED ENERGY, 10.1016/j.apenergy.2017.10.028, 208, 361-375, 2017.12, This article examines the international crude oil trade and the international petroleum trade through econometric analysis and complex network analysis, focusing on the aspects of the driving forces and resistances for the oil trade and competitive or cooperative relationships among countries. The crude oil trade network and the petroleum trade network are constructed. Positional and role analysis reveals that countries can be divided into five positions in the crude oil trade network and twenty-five positions in the petroleum trade network. The relationships among countries within or between positions are discussed and recognized as competitive or cooperative. The bilateral oil trade analysis shows that various factors within countries have influence on bilateral trade volume. The analysis also implies that restrictions on trade partner selection due to geographical resistance forces neighboring oil-importing countries to choose similar oil-exporting countries, which corresponds with the results of the complex network analysis. The complex network analysis shows that the countries in the same position belong to the same region. Furthermore, the analysis results imply that the diversification in petroleum exporting countries reduces the supply disruption risk for importing countries.. |
| 226. |
Kenta Tanaka, Mai Sekito, Shunsuke Managi, Shinji Kaneko, Varun Rai, Decision-making governance for purchases of solar photovoltaic systems in Japan, ENERGY POLICY, 10.1016/j.enpol.2017.09.012, 111, 75-84, 2017.12, In this study, we analyze the factors that affecting purchasing decision time for solar photovoltaic (PV) s in Japan. Based on our survey, consumers spend about 4 months to make purchase decision. Also, our estimation results show that information and knowledge that consumers obtained from the neighborhood and elsewhere make consumers more careful in their decision-making and extend the purchase decision. On the other hand, experts on the advantages and disadvantages of installation shortened the decision time. The situation and environment of each household in terms of income, family size, and the way of purchase of new homes have influenced on the decision to purchase a PV system. In addition, the availability of feed in tariffs was highly correlated with purchasing motivation, but unexpectedly the capital subsidy programs have either little impacts or even delayed impacts on the purchasing timing.. |
| 227. |
Darshana Rajapaksa, Min Zhu, Boon Lee, Viet-Ngu Hoang, Clevo Wilson, Shunsuke Managi, The impact of flood dynamics on property values, LAND USE POLICY, 10.1016/j.landusepol.2017.08.038, 69, 317-325, 2017.12, There is evidence that environmental amenities and dis-amenities may be nonlinearly related to property valuation. This would bring inconsistency in estimating environmental variables of the hedonic price model. To explore the linearity of the relationship this study analyses spatial and temporal variation impacts of the 2011 Brisbane flood on property markets using semi-parametric estimation. The results show that most environmental variables impacts on property values nonlinearly, and in particularly distance to the river, indicating that the amenity value of being close to a river outweighs the flood risks. The estimation of the combined impact of elapsed time and neighbourhood income indicates that the flood risk impact on property markets disappears over time.. |
| 228. |
Xiaodong Zhu, Rongrong Gu, Bingbing Wu, Shunsuke Managi, Does hazy weather influence earnings management of heavy-polluting enterprises? A Chinese empirical study from the perspective of negative social concerns, Sustainability (Switzerland), 10.3390/su9122296, 9, 12, 2017.12, During the 2014 APEC Conference, there was a long presence of blue sky (APEC Blue) after a long-time occurrence of hazy weather in Beijing, China, which prompted the public's attention to heavy-polluting enterprises to reach a new peak. Will the public's negative concern about the incident will affect the operation of heavy-polluting enterprises? In this paper, we analyzed the influence of the haze-related exogenous events before and after the "APEC Blue" on earnings management of heavy-polluting enterprises from a new perspective of negative social attention. We carry out research from three perspectives for further research, which involve the growth in the demand for accounting information disclosure, the increase of consumers' low-carbon consciousness and differences in the amount of attention on enterprises with different properties and scales. Results indicate that heavy-polluting enterprises have stronger preference for downward earnings management, especially in those enterprises that are large in scale, non-state owned, or have a direct relationship with consumers.. |
| 229. |
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. |
| 230. |
Ashantha Goonetilleke, An Liu, Shunsuke Managi, Clevo Wilson, Ted Gardner, Erick R. Bandala, Louise Walker, Joseph Holden, Mochamad Agung Wibowo, Suripin Suripin, Himanshu Joshi, Daniel Marcos Bonotto, Darshana Rajapaksa, Stormwater reuse, a viable option: Fact or fiction?, Economic Analysis and Policy, 10.1016/j.eap.2017.08.001, 56, 14-17, 2017.12, The increasing spread of urbanisation is a common phenomenon witnessed in most parts of the world due to the perceived benefits of urban living. A compounding issue is the growing shortage of safe and reliable water sources. Perennial water shortages are becoming a common feature in many parts of the world. It is important to recognise stormwater reuse as a key resource for securing adequate future water supplies based on the concept of ‘water fit for purpose’. These require careful prioritisation of vulnerabilities, identification of the areas requiring adaptation and provide certainty of outcomes. Given the increasing inevitability of climate change it should be viewed as an opportunity to take advantage of new opportunities which stormwater reuse presents. This study identified key barriers to stormwater reuse and the difficulties in removing them.. |
| 231. |
Robi Kurniawan, Shunsuke Managi, Sustainable Development and Performance Measurement: Global Productivity Decomposition, SUSTAINABLE DEVELOPMENT, 10.1002/sd.1684, 25, 6, 639-654, 2017.11, This paper analyzes productivity and efficiency by using inclusive wealth as a sustainability measurement. The study extends current measures of sustainability by capturing the efficient utilization of natural capital and other conventional inputs as input and carbon damage as undesirable output in a productivity measure for 140 countries from 1995 to 2010. To determine the contribution of each input/output to productivity and technical efficiency, we applied a weighted Russell directional distance and a Luenberger productivity measure. We found that GDP, natural capital and carbon damage are the main contributors to productivity change. Natural capital and carbon damage remain significant burdens for many countries' performance, especially for countries with resource-driven economies and extreme vulnerability to climatic shifts. This finding enhances our understanding of how particular countries can measure and manage their sustainability. Copyright (c) 2017 John Wiley & Sons, Ltd and ERP Environment. |
| 232. |
Shinya Horie, Shunsuke Managi, Why do people stay in or leave Fukushima?, JOURNAL OF REGIONAL SCIENCE, 10.1111/jors.12341, 57, 5, 840-857, 2017.11, 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.. |
| 233. |
George E. Halkos, Shunsuke Managi, Measuring the Effect of Economic Growth on Countries' Environmental Efficiency: A Conditional Directional Distance Function Approach, ENVIRONMENTAL & RESOURCE ECONOMICS, 10.1007/s10640-016-0046-y, 68, 3, 753-775, 2017.11, 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.. |
| 234. |
Tetsuya Tamaki, Wataru Nozawa, Shunsuke Managi, Evaluation of the ocean ecosystem: Climate change modelling with backstop technologies, APPLIED ENERGY, 10.1016/j.apenergy.2017.07.136, 205, 428-439, 2017.11, This paper discusses the economic impacts of climate change, including those on ecosystems, and whether a new backstop technology should be used under conditions of strict temperature targets. Using the dynamic integrated climate-economy (DICE) model, we developed a new model to calculate the optimal path by considering new backstop technologies, such as CO2 capture and storage (CCS). We identify the effects of parameter changes based on the resulting differences in CO2 leakage and sites, and we analyse the feasibility of CCS. In addition, we focus on ocean acidification and consider the impact on economic activity. As a result, when CCS is assumed to carry a risk of CO2 leakage and acidification is considered to result in a decrease in utility, we find that CCS can only delay the effects of climate change, but its use is necessary to achieve strict targets, such as a 1.5 degrees C limit. This observation suggests that if the target temperature is too tight, we might end up employing a technology that sacrifices the ecosystem too greatly.. |
| 235. |
Toshihiko Kitamura, Shunsuke Managi, Energy security and potential supply disruption: A case study in Japan, ENERGY POLICY, 10.1016/j.enpol.2017.08.008, 110, 90-104, 2017.11, This paper provides new quantitative perspectives on energy security. We conduct an analysis in the event of energy resource supply disruption in exporting countries for Japan. The study showed that oil stockpiling by the government and firms plays an important role in energy security; the analysis shows that oil supply disruption does not cause latent demand of oil products except naphtha after the supply disruption. However, we found that the supply interruption of town gas caused by liquefied natural gas supply disruption is a possible weak point in Japan's energy security. This would mainly impact a variety of non-energy intensive sectors such as the customer sector. We also show that the energy security of the supply is degraded by the unplanned outage of nuclear power stations, as seen from the disaster at the Fukushima Daiichi Nuclear Power Station. Nuclear power generation and renewable energy power generation can mitigate the impact of energy resource supply interruption in the power generation sector.. |
| 236. |
Kong Joo Shin, Shunsuke Managi, Liberalization of a retail electricity market: Consumer satisfaction and household switching behavior in Japan, ENERGY POLICY, 10.1016/j.enpol.2017.07.048, 110, 675-685, 2017.11, Policy makers pursue open markets through deregulatory reform based on a belief that they increase economic efficiency and produce benefits for consumers mainly through price reductions. However, the superiority of competition over regulated monopolies is not established. In a liberalized market, consumers exercising their ability to choose a utility provider is a crucial way of shaping the outcomes of deregulatory reform. While achieving a high switching rate is not the ultimate goal of market reform, it is an important tool through which consumers gain from policy form. We use data from a Japanese household survey conducted before and after recent liberalization and find a positive impact of liberalization on consumer satisfaction by enabling consumers to choose an electricity provider. This result indicates that switching can be utility improving by increasing customer satisfaction and underlines the importance of switching behavior in effectively utilizing deregulatory reform. This study also examines a broad set of determinants of provider switching and discusses the policy implications of the empirical results.. |
| 237. |
Osamu Saito, Shunsuke Managi, Norichika Kanie, Joanne Kauffman, Kazuhiko Takeuchi, Sustainability science and implementing the sustainable development goals, SUSTAINABILITY SCIENCE, 10.1007/s11625-017-0486-5, 12, 6, 907-910, 2017.11. |
| 238. |
Shinya Ikeda, Tetsuya Tamaki, Hiroki Nakamura, Shunsuke Managi, Inclusive wealth of regions: the case of Japan, SUSTAINABILITY SCIENCE, 10.1007/s11625-017-0450-4, 12, 6, 991-1006, 2017.11, The Inclusive Wealth Index (IWI) is a stock-based comprehensive indicator used to evaluate sustainability based on the wealth of nations, including a finer scale that considers the wealth of regions, in which these indicators are required for governance in the administrative regional hierarchies to achieve Sustainable Development Goals. However, few studies have applied the measure to finer-scale wealth relative to the national level. In this paper, we fill the gap by examining the IWI in all prefectures in Japan, where sustainability is increasingly being lost as a result of depopulation, an aging population, and the excessive burden of environmental regulations. We determined that all regions in Japan maintained sustainability from 1991 to 2000. Then, regional sustainability was lost in 8 prefectures from 2001 to 2005 and in 28 prefectures from 2006 to 2010. This trend is consistent with those found in previous studies, though more severe. The decreasing wealth growth is caused by the increasing damage to health capital, mainly in rural areas, whereas produced capital has had positive effects but has not mitigated the damage. Finally, we illustrate how this index can be applied to evaluate projects in response to the intense debate in regional public policy for rural sustainability through a case study of seawalls as a recovery project in the wake of the Great East Japan earthquake.. |
| 239. |
Keita Abe, Gakushi Ishimura, Tetsuya Tsurumi, Shunsuke Managi, Ussif Rashid Sumaila, Does trade openness reduce a domestic fisheries catch?, FISHERIES SCIENCE, 10.1007/s12562-017-1130-0, 83, 6, 897-906, 2017.11, Although trade liberalization may increase a country's welfare, its specific effect on a country's fishing industry has not been well studied. By decomposing the effect of international trade into four parts, i.e., scale-technique effects (ST), the indirect trade-induced composition effect (IC), the indirect effect of trade intensity through income (ITC), and the direct effect of trade intensity (DTC), this study empirically investigates the effect of trade openness on country-level fisheries production. To take into account the endogeneity of trade openness and income, we adopt the instrumental variable approach. We find that a rise in trade openness reduces fisheries catch on average. In particular, the long-run effect is large. This result implies that future production is affected by current overfishing through stock dynamics. Our decomposed elasticities indicate that the ST and ITC dominate in the trade elasticity of fisheries catch. While ST implies that overfishing would be affected by trade, ITC may either establish an "overfishing haven", similar to a "pollution haven" in the environmental literature, or production shift of fisheries to countries with lax regulation to pass stringent regulation, which is more likely to occur in high-income countries.. |
| 240. |
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. |
| 241. |
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. |
| 242. |
Fujii H., and Managi S., Decomposition Analysis of Forest Ecosystem Services Values, Water, 10.3390/w9110860, 9(11), 880-880, 2017.11. |
| 243. |
Health Loss Caused by the Three Major Disease to Regional Wealth:Capital Approach in Japanese Prefectures
Securing sustainability is a major concern for local economy. Capital approach, which shows present value of capital stocks, is useful in understanding welfare of future generations. Inclusive Wealth Index （IWI） can judge the sustainability in a local economy when the index increases. In Japan, decreasing health capital is a main problem impeding the IWI growth, even though only long-lived aspects of health is accounted in the index. If the IWI includes depreciation of health caused by disease, the IWI might provide more serious perspective of Japan. This study estimates the health capital from two aspects; the value of discount years from present age up to the average life expectancy （long-lived capital） ; the value of discount disability adjustment loss years （capital burden of disease）. We focus on the capital burden of three major disease; then we estimate the health capital in each Japanese prefecture at 1999, 2002, 2005, 2008, 2011, and 2014. We obtain the following two results. 1） Health loss caused by cancer was the largest impact among three diseases, 33,055 Yen per capita. Stroke and ischemic heart disease showed smaller capital burden of diseases, 15,687 Yen per capita, and 7,041 Yen per capita, respectively. When we focus on spatial distribution of the health loss, the three-metropolitan area has relatively high damage by about 17% than the other areas. 2） From the effects of disease loss to changes in IWI per capita, cancer deteriorated the IWI trend; however, stroke and ischemic heart disease ameliorated the IWI. On the other hand, cancer in the three-metropolitan area revealed largest negative effect to the IWI; stroke in rural area showed largest positive effect to the IWI. . |
| 244. |
Hidemichi Fujii, Shunsuke Managi, Decomposition Analysis of Water Treatment Technology Patents, WATER, 10.3390/w9110860, 9, 11, 2017.11, Water treatment technology development supports a steady, safe water supply. This study examines trends in water treatment technology innovations, using 227,365 patent granted data published from 1993 to 2016 as an indicator of changing research and development (R&D) priorities. To clarify changes in R&D priorities, we used a decomposition analysis framework that classified water treatment technologies into five types: conventional treatment (117,974 patents, 51.9%), biological treatment (40,300 patents, 17.7%), multistage treatment (45,732 patents, 20.1%), sludge treatment (15,237 patents, 6.7%), and other treatments (8122 patents, 3.6%). The results showed that the number of water treatment technology patents granted increased more than 700% from 1993 to 2016; in particular, the number of multistage water treatment patents granted rapidly grew. The main driver of this growth was expansion in the R&D activity scale and an increase in the priority of multistage water treatment technology in China. Additionally, the trends and priority changes in water treatment technology inventions varied by country and technology groups, which implied that an international policy framework for water treatment technology development should recognize that R&D priorities need to reflect the diverse characteristics of countries and technologies.. |
| 245. |
Analysis of energy use behavior under the electric outage using by a laboratory experiment. |
| 246. |
Tetsuya Tsurumi, Shunsuke Managi, 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, The life satisfaction approach (LSA) enables researchers to attach monetary values to nonmarket circumstances that affect people's life satisfaction. Previous studies employ LSA to examine how the environment, health, and social capital, etc. affect life satisfaction. This study focuses on the OECD Better Life Index and intends to evaluate more comprehensive socioeconomic characteristics. Considering comprehensive factors about life enables us to avoid biased estimation. This study also considers more consistent estimation methods. Previous studies tend to attach monetary valuations in different settings. Thus, it is difficult to compare the effects of different socioeconomic circumstances. This study employs LSA to estimate the happiness functions of Japanese survey respondents by incorporating extensive socioeconomic characteristics as explanatory variables. Controlling for multiple factors affecting subjective wellbeing, we more accurately attach monetary values to each factor within a consistent analytical framework. By doing so, we assess factors' relative comparable influence on subjective wellbeing. We adopt three estimation procedures to check robustness against model specifications. Results indicate that respondents value small changes in their socioeconomic circumstances more highly than other factors. Especially, circumstances surrounding quality of life carry higher equivalent monetary valuations than material living standards.. |
| 247. |
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. |
| 248. |
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. |
| 249. |
George Halkos, Shunsuke Managi, Kyriaki Tsilika, Evaluating a continent-wise situation for capital data, Economic Analysis and Policy, 10.1016/j.eap.2017.05.003, 55, 57-74, 2017.09, This paper investigates the evolution of natural assets and the relationship among natural, produced and human capital, for selected countries of six continents during the 25-year period 1990–2014. The paper employs an alternative graphical data analysis to picture variations and evolution schemes in capital data formation. Our novel contribution is to feature the underlying consumption or restoration of natural capital in relation with intertemporal man-made capital dynamics. The proposed graphical approach (i) has the advantage of being self-evident, (ii) depicts comparative results surpassing the problem of different scaling of the data (iii) examines the interdependence of the three types of capital data (i.e. natural capital, gross fixed capital formation or labor). We aim to uncover each country's environmental policy at a glance and draw conclusions concerning environmental sustainability.. |
| 250. |
The Change of the Relationship between Subjective Well-being and Environmental Awareness before and after Large-scale earthquake. |
| 251. |
Hidemichi Fujii, Shunsuke Managi, Wastewater Management Efficiency and Determinant Factors in the Chinese Industrial Sector from 2004 to 2014, WATER, 10.3390/w9080586, 9, 8, 2017.08, This study analyzes industrial wastewater management efficiency using a Chinese provincial dataset from 2004 to 2014. The weighted Russell directional distance model is used to evaluate the efficiency of management practices. Determinants analysis was conducted based on governmental policy, pollution abatement, and market factors to identify the main drivers of industrial wastewater management efficiency in China. The results indicate that the wastewater management efficiency improved in the eastern and central regions. However, there is a significant efficiency gap between provinces in the western region. Moreover, the main determinants of wastewater management efficiency differ among regions and pollutants.. |
| 252. |
Hiroki Onuma, Kong Joo Shin, Shunsuke Managi, Reduction of future disaster damages by learning from disaster experiences, NATURAL HAZARDS, 10.1007/s11069-017-2825-3, 87, 3, 1435-1452, 2017.07, This paper examines the effect of a country's own past disaster experiences and nearby countries' past experiences on subsequent disaster damage. We use global disaster data from 1990 to 2010, which include disaster-related death tolls for both natural and technological disasters that are further divided into sub-categories. Overall, we find evidence of a reduction effect of past disaster damage on future disaster damage. More detailed analyses show that an adaptation effect seems to be present for certain combinations of disaster types and levels of economic development. The results show that a country's own experiences reduce future damage for natural disasters but that the marginal effect is larger for lower-income countries. On the other hand, for technological disasters, a robust impact of experiences was found only in higher-income countries. In terms of the disaster experiences of nearby countries, the adaptation effect was found only for natural disasters, and the marginal impact was relatively higher for higher-income countries.. |
| 253. |
Mihoko Wakamatsu, Kong Joo Shin, Clevo Wilson, Shunsuke Managi, Can bargaining resolve the international conflict over whaling?, MARINE POLICY, 10.1016/j.marpol.2017.04.002, 81, 312-321, 2017.07, As the International Whaling Commission has failed to establish a consensus on the interpretation and enforcement of a moratorium on commercial whaling, the disagreement between Australia and Japan over whaling has recently escalated. Australia, a leading opponent of whaling, questioned Japan's scientific whaling program in the Antarctic at the International Court of Justice (ICJ). The ICJ ruled in 2014 that the Japanese whaling program is unscientific, but Japan revised the program and implemented it after the court ruling. To overcome the current international stalemate regarding whaling, this paper examines the possibility of a bargaining solution to this conflict, particularly through voluntary monetary compensation from Australia to Japan to halt whaling activities. The results of nationwide surveys indicate that Australia's total willingness to pay for the discontinuation of whaling by Japan is significantly greater than Japan's willingness to accept to abandon whaling in the high seas despite a substantial population difference between the two countries. The results suggest that a financial transfer could be a win-win strategy to resolve this long-standing international conflict.. |
| 254. |
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. |
| 255. |
Lasinidu Jayarathna, Darshana Rajapaksa, Shunsuke Managi, Wasantha Athukorala, Benno Torgler, Maria A. Garcia-Valinas, Robert Gifford, Clevo Wilson, 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, Managing water resources and the need to adapt both supply and demand side policies to a changing environment has become a priority in both developed and developing countries. This research demonstrates the application of the geographic information system (GIS) in modelling residential water demand in order to develop a spatial decision support system (SDSS). Household level survey data covering 90 suburbs within the Brisbane City Council (BCC), Queensland, Australia, are used for the analysis. First, residential water demand was estimated and the most significant variables found to predict high water use at the suburban level. These variables included household size, presence of a swimming pool, income and people over 65 years of age. By integrating this model with an SDSS, a spatial decision support system for residential water demand (SDSS-RWD) is developed. By producing maps which clearly display the different factors affecting residential water demand, the benefit of the SDSS-RWD is found in its use as a policy making tool for manipulating and evaluating effective water management strategies. In particular, the flexibility of the SDSS-RWD offers in evaluating changing determinants of residential water demand creates the capacity for local government bodies to analyse a range of alternative policies. (C) 2017 Elsevier Ltd. All rights reserved.. |
| 256. |
Boon Liat Lee, Clevo Wilson, Carl A. Pasurka, Hidemichi Fujii, Shunsuke Managi, 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, 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.. |
| 257. |
Yamaguchi R, Managi S, New Financing for Sustainable Development: The Case for NNP- or Inclusive Wealth–Linked Bonds, Journal of Environment and Development, 10.1177/1070496516687344, 26, 2, 214-239, 2017.06. |
| 258. |
Kenta Tanaka, Yukihide Kurakawa, Eiji Sawada, Ken-Ichi Akao, Shunsuke Managi, Energy Conservation and Risk of Electric Outage: Laboratory Experimental Study, JOURNAL OF ENERGY ENGINEERING, 10.1061/(ASCE)EY.1943-7897.0000386, 143, 3, 2017.06, In recent decades, climate change and resource limitations have become serious problems. To overcome these problems, many countries promote the introduction of renewable energy. However, the diffusion of renewable energy requires a novel supply and demand system for electricity. One remarkable method of controlling electricity demand is a demand-side control based on dynamic pricing. This study analyzes electricity consumption behavior using laboratory experiments. In particular, the authors focus on the effect of supply limitations on consumption behavior. The results of the experiment include significant findings that help provide an understanding of electricity consumption behavior. More specifically, the announcement of a supply limitation affects the decision to consume electricity. Results of this study indicate that cooperative people tend to decrease electricity consumption more when they are aware of the possibility of an electrical outage. This finding implies that researchers need a better understanding of the psychological aspects of electricity consumption behavior. (C) 2016 American Society of Civil Engineers.. |
| 259. |
George Halkos, Shunsuke Managi, Argyro Zisiadou, 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, The aim of this paper is to explore the determinants of terrorist unexpected events and if these events can affect economic markets. Based on the existing literature and the methodologies already been used, our purpose is to draw some attention to specific events, which may create losses to investors or even to countries. Specifically, after a thoughtful consideration of the existing studies, we discuss a number of empirical findings concerning the main determinants of terrorism. Based on previous research there is a belief that religions and especially fanatics is a very significant determinant of an attack. We show that the more democratic and developed countries are inclined to decrease the spread on the returns. Relying on these empirical findings, we discuss the implied policy implications and the necessary further research.. |
| 260. |
Managi S., and Wakamatsu M. , Pay Countries to Stop Whaling, Nature, 10.1038/546352c, 546, 352-352, 2017.06. |
| 261. |
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. |
| 262. |
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. |
| 263. |
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. |
| 264. |
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. |
| 265. |
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. |
| 266. |
Shunsuke Managi, Mihoko Wakamatsu, Conservation: Pay countries to stop whaling, Nature, 10.1038/546352c, 546, 7658, 352, 2017.06. |
| 267. |
プロジェクト評価の新潮流：新国富論による地域の真の豊かさ. |
| 268. |
Hidemichi Fujii, Masayuki Sato, Shunsuke Managi, Decomposition Analysis of Forest Ecosystem Services Values, SUSTAINABILITY, 10.3390/su9050687, 9, 5, 2017.05, Forest ecosystem services are fundamental for human life. To protect and increase forest ecosystem services, the driving factors underlying changes in forest ecosystem service values must be determined to properly implement forest resource management planning. This study examines the driving factors that affect changes in forest ecosystem service values by focusing on regional forest characteristics using a dataset of 47 prefectures in Japan for 2000, 2007, and 2012. We applied two approaches: a contingent valuation method for estimating the forest ecosystem service value per area and a decomposition analysis for identifying the main driving factors of changes in the value of forest ecosystem services. The results indicate that the value of forest ecosystem services has increased due to the expansion of forest area from 2000 to 2007. However, factors related to forest management and ecosystem service value per area have contributed to a decrease in the value of ecosystem services from 2000 to 2007 and from 2007 to 2012, respectively.. |
| 269. |
佐渡島：地方創成にむけた新国富指標の可能性に関する考察
吉田 有紀・松田 浩敬・池田真也・武内 和彦・馬奈木俊介（2017） 「佐渡島: 地方創生に向けた新国富指標の可能性に関する考察」 馬奈木俊介（編） 『豊かさの価値評価―新国富指標の構築』pp.119-135. 中央経済社. |
| 270. |
Strategic and organizational project management supporting Sustainable Development for the Smart Cities
To solve the social problems we are facing, it is urgent to develop the strategic and organizational project management method for implementing the sustainable smart cities, information technologies and industrial firm. Assessment index of the city is a structured indicator system to carry out integrated evaluation in the three aspects of economic, social, environment, such as Inclusive Wealth Index. To be compatible with international standard such as ISO 37120 (Indicators for city services and quality of life)and ISO TS 37151 (Performance metrics for smart community infrastructures), we propose a strategic and organizational project management supporting Sustainable Development for the Smart Cities with Creating Shared Value ,by effective, efficient and acceptable use of new ITs, i.e., IoT, Big data, and Artificial Intelligence.. |
| 271. |
Kanako Toyosada, Takayuki Otani, Yasutoshi Shimizu, Shunsuke Managi, Water Quality Study on the Hot and Cold Water Supply Systems at Vietnamese Hotels, WATER, 10.3390/w9040251, 9, 4, 2017.04, This study was conducted as part of the Joint Crediting Mechanism (JCM) of the Japanese Ministry of Economy, Trade and Industry, and the Ministry of the Environment project's preparation in Vietnam. Samples were taken from hot and cold water supplies from guest rooms' faucets in 12 hotels in Hanoi city, Vietnam, and 13 hotels in Japan for comparison. A simple water quality measurement and determination of Legionella was carried out. The results showed that residual effective chlorine-which guarantees bactericidal properties-was not detected in tap water supplied in hotel rooms in Vietnam, and nitrite (an indicator of water pollution) was detected in 40% of buildings. In the hotels in Japan, the prescribed residual chlorine concentration met the prescribed levels, and nitrite was not detected. Additionally, while there was no Legionella detected in the Japanese cases, it was detected in most of the Vietnamese hotels, which were found to manage the hot water storage tank at low temperatures of 40-50 degrees C. It was found that there were deficiencies in cold and hot water supply quality, and that there was no effective system in place for building operation maintenance and management.. |
| 272. |
Fujii H., Sato M., and Managi S., Decomposition Analysis of Forest Ecosystem Services Values, Sustainability, 10.3390/su9050687, 9(5), 687-687, 2017.04. |
| 273. |
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. |
| 274. |
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.. |
| 275. |
Hiroki Onuma, Kong Joo Shin, Shunsuke Managi, Household preparedness for natural disasters: Impact of disaster experience and implications for future disaster risks in Japan, INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION, 10.1016/j.ijdrr.2016.11.004, 21, 148-158, 2017.03, This paper analyzes the impact of disaster experience on household preparation of emergency supplies for natural disasters using originally collected Japanese data from 2013. The data cover more than 20,000 households from all parts Japan and include areas with recent disaster experiences as well as areas with low disaster risks. We generate indices for three categories of preparedness using data on household preparation of nine emergency items: Basic Preparedness (BP), Energy/Heat Preparedness (EHP), and Evacuation Preparedness (EP). We use regression analyses to measure the effect of disaster experiences on the preparation of categories of emergency supplies. The results show that experience with disaster damage increases preparedness, but the magnitude of the impact varies among the item categories. Additionally, evacuation experience has a positive impact on the preparation of items from the BP and EP categories. Moreover, the people who experienced damage from the Great East Japan Earthquake (GEJE) in 2011 are relatively more prepared, but evacuation experience in the GEJE does not have a significant impact on preparedness. Furthermore, we find that some regions with higher future risk of large-scale earthquakes are less prepared compared to other regions. This result suggests the importance of policy makers' efforts to raise awareness of disaster risks and to combat insufficient preparedness to reduce future disaster damages.. |
| 276. |
Nick Johnstone, Shunsuke Managi, Miguel Cardenas Rodriguez, Ivan Hascic, Hidemichi Fujii, Martin Souchier, Environmental policy design, innovation and efficiency gains in electricity generation, ENERGY ECONOMICS, 10.1016/j.eneco.2017.01.014, 63, 106-115, 2017.03, This paper explores the relationship between environmental regulation, innovation, and competitiveness using environmental patent data. The analysis is conducted in two stages. First, a non-parametric frontier analysis is implemented to estimate efficiency scores, including a measure of technological innovation based on patent stocks. Second, econometric methods are applied to analyse the role of policy stringency and policy design on efficiency. Our estimation sample covers thermal power plant sectors in 20 countries from 1990 to 2009. The results show that the stringency of environmental regulations is a significant determinant of productive efficiency with respect to pollutant emissions as well as fuel use. However, these effects turn negative once the level of stringency leaps over a certain threshold. In addition, the paper concludes that the positive effect of regulatory stringency can be diminished by a negative effect of regulatory differentiation with measures which vary in stringency across plant size and age having negative consequences, and these effects are increasing over time. Finally, it is found that integrated approaches to environmental innovation are more likely to bring about efficiency improvements than end-of-pipe technologies. (C) 2017 Elsevier B.V. All rights reserved.. |
| 277. |
Darshana Rajapaksa, Clevo Wilson, Viet-Ngu Hoang, Boon Lee, Shunsuke Managi, Who responds more to environmental amenities and dis-amenities?, LAND USE POLICY, 10.1016/j.landusepol.2016.12.029, 62, 151-158, 2017.03, It is hypothesised that different property sub-markets react to flood risk information, floods and environmental factors differently. To test this hypothesis this research uses spatial quantile regression and quasi-experimental techniques to examine property sub-market behaviour in response to availability of flood risk information and actual flood. This new contribution to the literature is based on the use of the mapping of flood risk areas in 2009 and the 2011 flooding of Brisbane, Australia, as a case study. The results show that the impact of flood risk and actual flood on property markets varies between different sub-markets. They therefore confirm the existence of property sub-markets based on property and environmental characteristics and suggest the need for differentiate mitigation policies. (C) 2017 Elsevier Ltd. All rights reserved.. |
| 278. |
Shunsuke Managi, Dabo Guan, 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, It has been five and a half years since the Great East Japan Earthquake (GEJE) in March 2011. This study summarize management and policy lessons from the GEJE. The recovery efforts that followed the triple disasters: the earthquake, tsunami and meltdown of the Fukushima Dai-ichi nuclear plant are in progress. The experience of the GEJE and tsunami prompted the building of embankments throughout the Pacific coastal side of the Tohoku region. The Cabinet's Reconstruction Headquarters used at least 19 trillion yen ($158 billion) for intensive reconstruction over five years through 2015. The local government of the affected area accelerated the decontamination of commercial land which is an important action for the recovery. The central government introduced the Electricity Business Act for implementing voluntary energy conservation measures for peak energy seasons. The GEJE has had an indirect effect on the health of the disaster victims via job uncertainty as well. Decontamination is crucial in bringing people and businesses back to the affected area and promoting sustainable economic recovery because it reduces uncertainty about the short and long-term health risks. An efficient health and occupation plan for the victims is essential for the integrated approach to multiple disaster management.. |
| 279. |
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. |
| 280. |
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. |
| 281. |
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. |
| 282. |
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. |
| 283. |
Happiness and Hope of the Young Labor Force in Japan
本研究は16歳から31歳を対象としたインターネットアンケート調査の結果をもとに，若年労働力層の主観的幸福度に影響を与える要因を探ったものである。要因の候補として基本的属性とともに，これまで議論されることが少なかった「希望（夢）」を入れて分析した。その結果，幸福度は，夢があること，仕事に不満がないこと，（被雇用者は）正規職であること，失業中でないこと，世帯年収が400万円以上であること等から決まることが明らかとなった。しかし現状では，夢は特にないと答えている回答者は4割弱多く，また，若年層の失業率は改善されているものの，非正規の雇用率が高い。これら若年労働者を取り巻く雇用環境の悪さは幸福度を低くする要因と考えられるため，雇用労働環境の改善を通じて社会的厚生を引き上げる方策を提示することが必要であろう。This paper explores the determinants of happines of young labor force aged between 16 and 31. The authors conducted an online survey in March 2013 .The explanatory variables of the analysis include the respondents' hope that has not been a central issue theoretically or empirically in economics so far, as well as other individual characteristics. As a result, we found that the level of happiness was determined by hope, job satisfaction, employment and family income, and so on. However, labor; environment of young labor force is still severe and policies to change the labor environment that would improve happiness and social well-being are required.. |
| 284. |
Assessing Sustainable Development for the Smart Cities with Creating Shared Value : Survey with a Use Case of the Nakanojo Power Pilot Project. |
| 285. |
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. |
| 286. |
Tomoyuki Sakamoto, Shunsuke Managi, New evidence of environmental efficiency on the export performance, APPLIED ENERGY, 10.1016/j.apenergy.2016.10.126, 185, 615-626, 2017.01, This article investigates the relationship between the environment-related efficiency and export performance according to the recent international trade theory which has offered to a theoretical model to quantify the Ricardian comparative advantage. We find that the energy and environmental efficiency can be a source of the comparative advantage in industries. The largest magnitude and the smallest of the efficiency on exporting are estimated to be NOx and energy efficiency, respectively. The empirical results further show that the efficiency has a smaller impact on export performance in relatively less footloose industries, and the impact of the efficiency is found to depend on industrial characteristics. (C) 2016 Elsevier Ltd. All rights reserved.. |
| 287. |
Kazuyuki Iwata, Shunsuke Managi, 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, 34, 4, 356-372, 2016.12, This study advocates a multi-dimensional urban planning strategy to help combat climate change under localand not nationalpolicies. However, the literature does not provide adequate guidance to local governments seeking to enhance urbanization and in turn reduce vehicular carbon dioxide (CO2) emissions. Therefore, this study sheds light on the effects of the following four urban planning instruments on vehicular CO2 emissions: urbanization promoting areas, urbanization control areas, urban planning taxes and property taxes. Using Japanese city-level data from 1990 to 2010, we find that the two urbanization area planning instruments and the urban planning taxes help lower emissions by increasing population density in low-density cities and that property taxes help reduce emissions in high-density cities. However, the increased population density associated with these instruments can lead to other negative outcomes, including increased traffic accidents, increased crime and a decrease in the facility condition index. City governments should consider complementary policies to mitigate such negative outcomes when employing planning instruments aiming to increase population density.. |
| 288. |
Hidemichi Fujii, Jing Cao, Shunsuke Managi, Firm-level environmentally sensitive productivity and innovation in China, APPLIED ENERGY, 10.1016/j.apenergy.2016.06.010, 184, 915-925, 2016.12, This study analyzes productive efficiency in relation to CO2 emissions using a unique dataset of 562 Chinese manufacturing firms for the period from 2005 to 2009. We develop a directional distance function approach to identify technical innovators in the area of CO2 emissions. The results indicate that a large number of technical innovators are observed in the textile, paper, steel, and computer industries. Furthermore, there are clearly different trends in productivity change and corporate performance across industries and provinces. This result implies that policy makers need to consider industrial and regional characteristics to develop effective policies that conserve energy and reduce CO2 emissions. (C) 2016 Elsevier Ltd. All rights reserved.. |
| 289. |
Hidemichi Fujii, Shunsuke Managi, Research and development strategy for environmental technology in Japan: A comparative study of the private and public sectors, TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 10.1016/j.techfore.2016.02.012, 112, 293-302, 2016.11, Environmental protection technology plays an important role in a sustainable society, simultaneously promoting economic development and pollution control. This study examines the determinants of technology inventions related to environmental protection in Japan. We use patent application data in a decomposition analysis framework. We find that environmental patent applications increase according to the prioritization of environmental patents by private companies and according to efficiency improvements in patent applications in the public sector. Additionally, patent applications related to emission trading increased rapidly among private companies, mainly due to their increased priority after 2005. The different determinants of environmental technologies between the private and public sectors are useful for formulating effective policies to promote environmental innovation. (C) 2016 Elsevier Inc. All rights reserved.. |
| 290. |
Yogi Sugiawan, Shunsuke Managi, The environmental Kuznets curve in Indonesia: Exploring the potential of renewable energy, ENERGY POLICY, 10.1016/j.enpol.2016.08.029, 98, 187-198, 2016.11, There is an increasing interest in investigating the environmental Kuznets curve (EKC) hypothesis because it suggests the existence of a turning point in the economy that will lead to a sustainable development path. Although many studies have focused on the EKC, only a few empirical studies have focused on analyzing the EKC with specific reference to Indonesia, and none of them have examined the potential of renewable energy sources within the EKC framework. This study attempts to estimate the EKC in the case of Indonesia for the period of 1971-2010 by considering the role of renewable energy in electricity production, using the autoregressive distributed lag (ARDL) approach to cointegration as the estimation method. We found an inverted U-shaped EKC relationship between economic growth and CO2 emissions in the long run. The estimated turning point was found to be 7729 USD per capita, which lies outside of our sample period. The beneficial impacts of renewable energy on CO2 emission reduction are observable both in the short run and in the long run. Our work has important implications both for policymakers and for the future development of renewable energy in Indonesia. (C) 2016 Elsevier Ltd. All rights reserved.. |
| 291. |
Tomoyuki Sakamoto, Kae Takase, Ryuji Matsuhashi, Shunsuke Managi, Baseline of the projection under a structural change in energy demand, ENERGY POLICY, 10.1016/j.enpol.2016.08.035, 98, 274-289, 2016.11, This article investigates the long-term energy demand and energy policy measures when undergoing structural changes in energy demand. Initially, the statistical test shows the possibility of the structural change from the late 2000s. Therefore, we developed the energy demand model to forecast the energy demand by 2030 that considers the structural change. The results show that there may be a 12% reduction in the energy demand in 2030 compared to the reference case in the Japanese government's outlook, which is equal to about 86.0% of the effect of the planned policy measures by the government, but also that it is difficult to achieve energy-originated CO2 emissions in the national target. Our analysis suggests that mitigation policies are required, but those in the planned policy measures are not completely required to achieve the goal. (C) 2016 Elsevier Ltd. All rights reserved.. |
| 292. |
地球温暖化による海洋環境への影響と経済被害:CCS技術の導入. |
| 293. |
Evaluation of Effect of Physician's Payment Systems on Health Expenditure and Health Quality in OECD
To achieve sustainability of health care system, it is crucial to maintain/improve a quality of health care as well as restrain health care expenditure. Payment system for reimbursement to physicians which further affect medical quality and health expenditure through its incentive to physicians have been considered as one of important health care policies. We investigate the influence of payment systems on medical quality and expenditure quantitatively using panel data of 34 OECD countries from 1990 to 2013. We also look at the change of payment system's effect according to the change of income level of a given country. Three of payment systems, Fee-for-service（FFS）, Capitation and Salary, are studied and random effect model is applied. Three sets of results are received. 1）In terms of medical quality, FFS can make the largest positive effect with the improvement of income. Furthermore, because we find no significant differences among the payment systems in terms of their effects on total health expenditure, a possibility that FFS could be the best one in the points of quality（evaluated by potential years of life lost）and expenditure in health care is found. 2）Payment systems have a significant influence on both of out-of-pocket expenditure（OOP）and public health expenditure（PHE）. The influence on PHE becomes larger than that on OOP with the increase of income. 3）When income increasing, FFS brings largest increase in OOP and PHE among the three types of payment systems. We discussed an effect of the progress of medical technology as the possible reason of it. Our findings provide evidence for future's argument about payment system. . |
| 294. |
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. |
| 295. |
Tatsuhiro Nakada, Kongjoo Shin, Shunsuke Managi, 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, Participation in demand response (DR) may affect a consumer's electric consumption pattern through consumption load curtailment, a shift in the consumption timing or increasing the utilization of distributed generation (DG). This paper attempts to provide empirical evidence of DR's effect on DG adoption by household consumers. By using the original Internet survey data of 5442 household respondents in Japan conducted in January 2015, we focus on the effect of the time-of-use (TOU) tariff on the purchasing intention of photovoltaic systems (PV). The empirical results show the following: 1) current TOU plan users have stronger PV purchase intentions than the other plan users, 2) respondents who are familiar with the DR program have relatively higher purchase intentions compared with their counterparts, and 3) when the respondents are requested to assume participation in the virtual TOU plan designed for the survey, which resembles plans currently available through major companies, 1.2% of the households have decided to purchase PV. In addition, we provide calculations of TOU's impacts on the official PV adoption and emissions reduction targets, and discuss policy recommendations to increase recognitions and participations in TOU programs. (C) 2016 Elsevier Ltd. All rights reserved.. |
| 296. |
Halkos G, Managi S, Special issue on “Growth and the environment”, Environmental Economics and Policy Studies, 10.1007/s10018-016-0151-8, 18, 3, 273-275, 2016.07. |
| 297. |
Shunsuke Managi, Zheng Zhang, Shinya Horie, A real options approach to environmental R&D project evaluation, Environmental Economics and Policy Studies, 10.1007/s10018-016-0147-4, 18, 3, 359-394, 2016.07, With the immense evolution of technology and consumers’ maturing anticipations, novel products’ development becomes the primary way that companies adapt to survive in the growing international contention. Creation or innovation can allow the organization to stand one step forward of the competition and to conduct the competition in the direction it selects. We examined the evaluation system of real options approach to a biomimicry R&
D project together with conventional R&
D and environmental R&
D projects. This model considers uncertainties of investment cost and cash flow of the new product in each project. We find that investment on environmental and biomimicry technologies will achieve promising expectations in Asian area when certain environmental demands increase.. |
| 298. |
Moinul Islam, Keiichiro Kanemoto, Shunsuke Managi, Impact of Trade Openness and Sector Trade on Embodied Greenhouse Gases Emissions and Air Pollutants, JOURNAL OF INDUSTRIAL ECOLOGY, 10.1111/jiec.12455, 20, 3, 494-505, 2016.06, The production of goods and services generates greenhouse gases (GHGs) and air pollution both directly and through the activities of the supply chains on which they depend. The analysis of the latter-called embodied emissions-caused by internationally traded goods and services is the subject of this article. We find that trade openness increases embodied emissions in international trade (EET). We also examine the impact of sector trade on EET. By applying a fixed-effect model using large balanced panel data from 187 countries between 1990 and 2011, we determine that each unit of increase in trade openness results in a 10% to 23% increase in GHGs EET. The sector trade effect is also significant for the embodied emissions of carbon dioxide, methane, nitrous oxide, carbon monoxide, nonmethane volatile organic compounds, particulates and sulfur dioxide. Our findings also clearly indicate that the impact of the gross domestic product (GDP) on the embodied emissions in exports is positive, increasing emissions, but that it is negative on the embodied emissions in imports. We suggest that countries monitor trade sector emissions and trade openness to mitigate global embodied GHG emissions and air pollutants.. |
| 299. |
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.. |
| 300. |
Darshana Rajapaksa, Clevo Wilson, Shunsuke Managi, Vincent Hoang, Boon Lee, Flood Risk Information, Actual Floods and Property Values: A Quasi-Experimental Analysis, ECONOMIC RECORD, 10.1111/1475-4932.12257, 92, 52-67, 2016.06, Hedonic property price analysis tells us that property prices can be affected by natural hazards such as floods. This paper examines the impact of flood-related variables (among other factors) on property values, and examines the effect of the release of flood risk map information on property values by comparing the impact with the effect of an actual flood incidence. An examination of the temporal variation of flood impacts on property values is also made. The study is the first of its kind where the impact of the release of flood risk map information to the public is compared with an actual flood incident. In this study, we adopt a spatial quasi-experimental analysis using the release of flood risk maps by Brisbane City Council in Queensland, Australia, in 2009 and the actual floods of 2011. The results suggest that property buyers are more responsive to the actual incidence of floods than to the disclosure of information to the public on the risk of floods.. |
| 301. |
Inclusive Wealth Measurement:The Past and Future of Sustainability Assessment
It has been theoretically shown that a necessary condition for sustainability is ensuring that comprehensive wealth―including natural capital―does not decrease. Because of this, in recent years the Inclusive Wealth Index, which actually measures this wealth, has attracted attention as a sustainability indicator. In this paper, we review the policy, theoretical, and empirical research background, and as one example we examine the issues encountered when incorporating water into natural capital. Intra-generational equity, the effects of population decline, aggregate spatial scale, and shadow price estimates are identified as areas for future research.. |
| 302. |
Kohei Imamura, Kohei Takenaka Takano, Nobuhito Mori, Tohru Nakashizuka, Shunsuke Managi, Attitudes toward disaster-prevention risk in Japanese coastal areas: analysis of civil preference, NATURAL HAZARDS, 10.1007/s11069-016-2210-7, 82, 1, 209-226, 2016.05, Facing potential coastal disasters such as storm surges, storm waves, and tsunamis, Japan has planned the construction of coastal structures such as seawalls or breakwaters along its coastal areas. However, some conflicts exist among the public whether such constructions should be undertaken or whether the natural coast should be conserved. This study uses a choice experiment to investigate opinions of coastal citizens about (1) the acceptable loss of coastal wildlife species as a tradeoff for seawalls; (2) the willingness to pay (WTP) for conservation of coastal wildlife as a compromise for disaster risk reduction; (3) the influence on popular preferences in coastal management of individual characteristics, such as frequency of visiting the sea and public recognition of disaster risk; and (4) civil trust in scientific information. The survey was conducted among 7496 respondents in municipalities around the Japanese coast. As a result, the acceptable loss of coastal wildlife species was 18.7 %. The marginal WTP for conserving the coastal wildlife was 680.95 JPY per percent in the number of species per capita. We found that people who frequently visit the sea preferred ecosystem conservation and disliked seawall construction, whereas people strongly recognizing disaster risks preferred seawall construction. Furthermore, we found that civil trust in scientific information affects civil preferences regarding coastal management. Our study indicates the need to reduce negative effects of coastal constructions on coastal ecosystems and to consider other options, such as ecosystem-based disaster risk reduction. It also indicates the social influences of raising public trust in scientific information to enable citizens to make better decisions regarding coastal management.. |
| 303. |
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. |
| 304. |
Hidemichi Fujii, A. George Assaf, Shunsuke Managi, Roman Matousek, 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, This study examined the impact of the financial crisis on the environmental and technical efficiencies of the Japanese manufacturing industry. Overall, we found that while the crisis had a negative impact on technical efficiency, it did not affect environmental efficiency—the only exception was the transportation equipment sector which improved its environmental efficiency following the crisis. Additionally, we found that capital intensity does not necessarily affect environmental efficiency. We discuss the implications of these findings and provide directions for future research.. |
| 305. |
Fujii H, Shunsuke Managi, The Trend of Corporate Environmental Management Study and Database, Environmental Economics and Policy Studies, 18(2), 265-272, 2016.04. |
| 306. |
Shunsuke Managi, Ashantha Goonetilleke, Clevo Wilson, Embed stormwater use in city planning, NATURE, 10.1038/532037a, 532, 7597, 37-37, 2016.04. |
| 307. |
Yang J., Managi S., The Dematerialization of Nature Resource and Resource Efficiency during 1990 to 2010, Global Environmental Research, 19, 2, 199-206, 2016.04. |
| 308. |
Francesco Crespi, Massimiliano Mazzanti, Shunsuke Managi, Green growth, eco-innovation and sustainable transitions, Environmental Economics and Policy Studies, 10.1007/s10018-016-0141-x, 18, 2, 137-141, 2016.04. |
| 309. |
Hidemichi Fujii, Shunsuke Managi, Trends in corporate environmental management studies and databases, Environmental Economics and Policy Studies, 10.1007/s10018-015-0132-3, 18, 2, 265-272, 2016.04, To explain why and how corporate environmental management is beneficial, it is important to provide incentives to private companies to encourage such environmental activities. This study proposes a new corporate financial and environmental dataset called the world resource table (WRT), which uses open data sources published by the Japanese government. Environmental data include Greenhouse gas emissions and toxic chemical release data. With more than 1000 annual samples, the WRT will allow empirical analyses that use productivity measures and econometric approaches. WRT will also include corporate patent data, with linkages to analytical software packages such as GAMS and R.. |
| 310. |
Managi S., Sharma S., Economics of Crises and Disasters, Singapole Economic Review, 10.1142/S0217590816400087, 61(1), 1, 10-10, 2016.03. |
| 311. |
Yusuke Matsuki, Shunsuke Managi, THE IMPACT OF NATURAL DISASTERS ON MANUFACTURING: PLANT-LEVEL ANALYSIS FOR THE GREAT HANSHIN-AWAJI EARTHQUAKE, SINGAPORE ECONOMIC REVIEW, 10.1142/S0217590816400105, 61, 1, 2016.03, This paper investigates the impact of the Great Hanshin-Awaji earthquake on plant input, output, total factor productivity (TFP) and exit using Japanese plant-level manufacturing data. We employ the difference-in-differences (DID) estimation method to identify the effects of the quake and find that the quake had an impact on manufacturing. The results suggest that production was influenced by the quake, particularly in the first year after the quake. Furthermore, the quake did not influence manufacturing industries uniformly. The effects are different based on specifications, variables, and industries. However, the quake had little impact on the exit of plants.. |
| 312. |
Kenta Tanaka, Shunsuke Managi, IMPACT OF A DISASTER ON LAND PRICE: EVIDENCE FROM FUKUSHIMA NUCLEAR POWER PLANT ACCIDENT, SINGAPORE ECONOMIC REVIEW, 10.1142/S0217590816400038, 61, 1, 2016.03, The Great East Japan Earthquake, which occurred on March 11, 2011, triggered the Fukushima nuclear power plant accident. This study estimates the economic damage caused by the radioactive contamination from the plant using a hedonic approach. Our estimation results show that an increase of 1 mu Sv/h decreases the land price by 3.39% on average in Fukushima and Miyagi prefectures. Specifically, damage due to the radiation effect is estimated to cost approximately 64.1 billion yen in Fukushima. In addition, our result shows that commercial and business areas are more sensitive than residential areas to the radiation quantity.. |
| 313. |
Mohammad Sanaei, Shinya Horie, Shunsuke Managi, JOB OPPORTUNITY AND OWNERSHIP STATUS: RETURN DECISION AFTER THE GREAT EAST JAPAN EARTHQUAKE AND TSUNAMI, SINGAPORE ECONOMIC REVIEW, 10.1142/S0217590816400087, 61, 1, 2016.03, Disasters result in disruptive effects on various aspects of community in different scales and disaster relief is important in understanding negative effects from the shock. Using unique dataset after the 2011 Great East Japan Earthquake and Tsunami, the decision return to the original residence is analyzed in this study. We find that having jobs related to the original region and ownership status have the largest impact on the return decision. Furthermore, these results are different for each age group.. |
| 314. |
Kong Joo Shin, Ryo Nakakido, Shinya Horie, Shunsuke Managi, The Effects of Community Attachment and Information Seeking on Displaced Disaster Victims' Decision Making, PLOS ONE, 10.1371/journal.pone.0151928, 11, 3, e0151928, 2016.03, This paper uses original survey data of the Great East Japan earthquake disaster victims to examine their decision to apply for the temporary housing as well as the timing of application. We assess the effects of victims' attachment to their locality as well as variation in victims' information seeking behavior. We additionally consider various factors such as income, age, employment and family structure that are generally considered to affect the decision to choose temporary housing as victims' solution for their displacement. Empirical results indicate that, ceteris paribus, as the degree of attachment increases, victims are more likely to apply for the temporary housing but attachment does not affect the timing of application. On the other hand, the victims who actively seek information and are able to collect higher quality information are less likely to apply for the temporary housing and if they do apply then they apply relatively later.. |
| 315. |
Kazuhiko Takeuchi, Braden Allenby, Thomas Elmqvist, Anantha Kumar Duraiappah, Joanne Kauffman, Norichika Kanie, Shunsuke Managi, Osamu Saito, Call for paper for sustainability science and implementing the sustainable development goals, Sustainability Science, 10.1007/s11625-016-0353-9, 11, 2, 177-178, 2016.03. |
| 316. |
Shunsuke Managi, Suman K. Sharma, SPECIAL ISSUE OF THE SINGAPORE ECONOMIC REVIEW - ECONOMICS OF CRISES AND DISASTERS, SINGAPORE ECONOMIC REVIEW, 10.1142/S021759081602001X, 61, 1, 2016.03. |
| 317. |
Kumar S., Managi S., Carbon Sensitive Productivity, Climate and Institutions, Environment and Development Economics, 21(1), 109-133, 2016.02. |
| 318. |
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. |
| 319. |
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. |
| 320. |
Surender Kumar, Shunsuke Managi, Carbon-sensitive productivity, climate and institutions, ENVIRONMENT AND DEVELOPMENT ECONOMICS, 10.1017/S1355770X15000054, 21, 1, 109-133, 2016.02, 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.. |
| 321. |
Hidemichi Fujii, Shunsuke Managi, Economic development and multiple air pollutant emissions from the industrial sector, ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 10.1007/s11356-015-5523-2, 23, 3, 2802-2812, 2016.02, This study analyzed the relationship between economic growth and emissions of eight environmental air pollutants (carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), nitrogen oxide (NOx), sulfur oxide (SOx), carbon monoxide (CO), non-methane volatile organic compound (NMVOC), and ammonia (NH3)) in 39 countries from 1995 to 2009. We tested an environmental Kuznets curve (EKC) hypothesis for 16 individual industry sectors and for the total industrial sector. The results clarified that at least ten individual industries do not have an EKC relationship in eight air pollutants even though this relationship was observed in the country and total industrial sector level data. We found that the key industries that dictated the EKC relationship in the country and the total industrial sector existed in CO2, N2O, CO, and NMVOC emissions. Finally, the EKC turning point and the relationship between economic development and trends of air pollutant emissions differ among industries according to the pollution substances. These results suggest inducing new environmental policy design such as the sectoral crediting mechanism, which focuses on the industrial characteristics of emissions.. |
| 322. |
Tomoyuki Sakamoto, Shunsuke Managi, Optimal economic growth and energy policy: analysis of nonrenewable and renewable energy, Environmental Economics and Policy Studies, 10.1007/s10018-015-0108-3, 18, 1, 1-19, 2016.01, This article analyzes the taxes levied on the nonrenewable energy sector and the subsidies awarded for renewable energy use. Applying the decentralized economy model with a parallel use of two types of energy, we find that the decentralized economy cannot attain the social optimum due to externality in the market economy. Using optimal tax to attain the social optimum in the decentralized economy entails imposing it on the nonrenewable energy sector. Using damage functions for simulation in our model, we find that the worse the environmental damage is, the larger the cost.. |
| 323. |
Shunsuke Managi, Koichi Kuriyama, Environmental economics, Environmental Economics, 10.4324/9781315467337, 1-232, 2016.01, This book aids those concerned about environmental issues to firmly grasp relevant analytical methods and to comprehend the thought process behind environmental economics. It does so by drawing from specific environmental issues and at the same time providing commentary that facilitates understanding. This text contains in-depth explanations necessary for a thorough understanding of the fundamental aspects and importance of environmental economics. Environmental Economics seeks to elucidate the mechanisms that give rise to environmental problems by approaching environmental issues from an economic perspective. At the same time, it is a study aiming to indicate specific countermeasures that could resolve present environmental issues. This text has been put together in way that allows readers without specialized economics knowledge to easily understand the situation, issues and challenges of environmental economics.. |
| 324. |
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. |
| 325. |
Shunsuke Managi, George Halkos, Production analysis in environmental, resource, and infrastructure evaluation, Journal of Economic Structures, 10.1186/s40008-015-0025-4, 4, 1, 2015.12, Over the past several decades, significant efforts have been made to regulate the use of resource and pollution in most industrialized countries, and the stringency of pollution regulations has continued to increase globally. At the same time, physical and social infrastructures are influenced by changes in the use of resources which contribute to the wealth of many regions. Technical progress plays an important role in maintaining a high standard of living in the face of these increasingly stringent regulations. This thematic series looks at how recent advances in this field to contribute to understanding the evaluation for environment, resource, and infrastructure management.. |
| 326. |
Halkos G, Managi S, Tzeremes N.G, The effect of natural and man-made disasters on countries’ production efficiency, Journal of Economic Structures, 10.1186/s40008-015-0019-2, 4, 1, 2015.12. |
| 327. |
Huijuan Cao, Hidemichi Fujii, Shunsuke Managi, A productivity analysis considering environmental pollution and diseases in China, Journal of Economic Structures, 10.1186/s40008-015-0012-9, 4, 1, 2015.12, Environmental pollution and human health problems are becoming serious issues in China. This research focuses on regional differences in productive inefficiencies and attempts to clarify the determinants of inefficiency, accounting economic, environmental and health-related factors. Our dataset includes information of 29 areas in China from 2003 to 2009. We find that after accounting for environmental pollution and health impacts, the productive inefficiency of the examined areas reduced
this result holds for both the national and provincial levels. Our results imply that government efforts to improve social welfare should emphasize increases in foreign direct investment and private medical expenditures. JEL codes: I15, O44, O47, R11.. |
| 328. |
Tetsuya Tsurumi, Shunsuke Managi, Environmental value of green spaces in Japan: An application of the life satisfaction approach, ECOLOGICAL ECONOMICS, 10.1016/j.ecolecon.2015.09.023, 120, 1-12, 2015.12, This study applies the Life Satisfaction Approach to evaluate green spaces in terms of its affluence, people's preference for greenery, and distance from people's houses. Data are derived from a survey of 2158 respondents in the two largest regions of Japan (Kanto and Kansai) and the green coverage rate is derived from Geographic Information System (GIS) data. The estimation results show that (1) people's marginal willingness to pay (WTP) for green space decreases as the current amount of green space increases; (2) they show how people's marginal WTP increases in proportion with their affection for it, the amount of interaction they have with it, their knowledge of its multiple functions, and the quality of greenery with which they normally come in contact; and (3) the results reveal the various marginal WTP values for green spaces in terms of distance from respondents' houses. (C) 2015 Elsevier B.V. All rights reserved.. |
| 329. |
Carlos Barros, Hidemichi Fujii, Shunsuke Managi, How scale and ownership are related to financial performance? A productivity analysis of the Chinese banking sector, Journal of Economic Structures, 10.1186/s40008-015-0026-3, 4, 1, 2015.12, This paper analyzes productivity with a directional distance function model by investigating convexity and non-convexity in the Chinese banking sector. Two primary findings are summarized. First, there is a distinct change in productivity between large versus small banks and public versus nationwide joint-stock banks
the economies of scale and public orientation of the Chinese economy affect the performance of nationwide joint-stock banks. Second, the number of banks that experience local versus global technological change is small, indicating that productivity changes are driven by national rather than regional dynamics, although minor regional dynamics exist in the data.. |
| 330. |
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.. |
| 331. |
Hidemichi Fujii, Shunsuke Managi, Optimal production resource reallocation for CO2 emissions reduction in manufacturing sectors, GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS, 10.1016/j.gloenvcha.2015.06.005, 35, 505-513, 2015.11, To mitigate the effects of climate change, countries worldwide are advancing technologies to reduce greenhouse gas emissions. This paper proposes and measures optimal production resource reallocation using data envelopment analysis. This research attempts to clarify the effect of optimal production resource reallocation on CO2 emissions reduction, focusing on regional and industrial characteristics. We use finance, energy, and CO2 emissions data from 13 industrial sectors in 39 countries from 1995 to 2009. The resulting emissions reduction potential is 2.54 Gt-CO2 in the year 2009, with former communist countries having the largest potential to reduce CO2 emissions in the manufacturing sectors. In particular, basic material industry including chemical and steel sectors has a lot of potential to reduce CO2 emissions. (C) 2015 Elsevier Ltd. All rights reserved.. |
| 332. |
Wei Huang, Shenghui Cui, Masaru Yarime, Seiji Hashimoto, Shunsuke Managi, Improving urban metabolism study for sustainable urban transformation, Environmental Technology and Innovation, 10.1016/j.eti.2015.04.004, 4, 62-72, 2015.10, It is important understanding urbanization where residents outside of the area come into the urbanized region. Urbanized area is the one facing more environmental problems because of intensive population density amplifying more damage to the environment. This paper targets China's rapid urbanization and discusses research and policy needs in the field of sustainable urbanization. We discuss research needs for metabolism studies for sustainability of cities, major driving forces in the context of urbanization, and knowledge integration through stakeholder engagement.. |
| 333. |
Tetsuya Tsurumi, Shunsuke Managi, Akira Hibiki, Do Environmental Regulations Increase Bilateral Trade Flows?, B E JOURNAL OF ECONOMIC ANALYSIS & POLICY, 10.1515/bejeap-2014-0164, 15, 4, 1549-1577, 2015.10, The argument that stringent environmental regulations are generally thought to harm export flows is crucial when determining policy recommendations related to environmental preservation and international competitiveness. By using bilateral trade data, we examine the relationships between trade flows and various environmental stringency indices. Previous studies have used energy intensity, abatement cost intensity, and survey indices for regulations as proxies for the strictness of environmental policy. However, they have overlooked the indirect effect of environmental regulations on trade flows. If the strong version of the Porter hypothesis is confirmed, we need to consider the effect of environmental regulation on gross domestic product (GDP), because GDP induced by environmental regulation affects trade flows. The present study clarifies the effects of regulation on trade flows by distinguishing between the indirect and direct effects. Our results indicate an observed non-negligible indirect effect of regulation, implying that the overall effect of appropriate regulation benefits trade flows.. |
| 334. |
Market power in bilateral oligopoly: Experimental evidence from emissions trading. |
| 335. |
Koki Oikawa, Shunsuke Managi, R&D in Clean Technology: A Project Choice Model with Learning, Journal of Economic Behavior & Organization , http://dx.doi.org/10.1016/j.jebo.2015.06.015, 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. |
| 336. |
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. |
| 337. |
Noriko Behling, Mark C. Williams, Shunsuke Managi, 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, 2015.09, Japan may be the least likely country to start a revolution, but its new energy policy, if implemented successfully, will revolutionize Japan's economy, society, and energy infrastructure. The new energy policy calls for the creation of a "hydrogen society" in which citizens will use hydrogen as their primary energy source. Hydrogen fuel would be produced from renewable sources and used to generate electricity at home and to power vehicles via fuel cells. The policy came into force in April 2015 and will guide Japan's energy development for the next 25 years and perhaps beyond. The new policy is a determined response to the twin disasters faced on March 11, 2011, when Japan was struck by a Magnitude 9 earthquake and then a catastrophic tsunami, which devastated Japan's economy, energy security, and environmental well-being. The new energy policy would substantially reduce Japan's dependence on nuclear power as well as oil and gas-fired thermal power plants and would greatly strengthen the development of fuel cell systems that use hydrogen. Implemented in three broad phases over several decades, the policy would promote the development of fuel cells that are less costly, more efficient, and more durable, and it would develop hydrogen production, storage, and transport as well as fueling systems to support the widespread use of fuel cells. Over the long term, the hydrogen society could be integrated into Japan's concept of a "smart community" that uses digital technologies and information and communication technologies to more efficiently generate and regulate the use of power. This paper examines how Japan laid the policy and legal framework in the 1990s to promote fuel cell and hydrogen development, compares Japan's investment and policy strategies to those in the United States and the European Union, identifies the challenges Japan will face in broadly establishing a hydrogen society, assesses the potential economic benefits it might enjoy if the hydrogen society policy succeeds, and recommends that the new energy policy be more fully integrated with other initiatives to promote economic growth, more efficient communities, and a cleaner environment.. |
| 338. |
Koki Oikawa, Shunsuke Managi, R&D in clean technology: A project choice model with learning, JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 10.1016/j.jebo.2015.06.015, 117, 175-195, 2015.09, In this study, we investigate the qualitative and quantitative effects of an R&D subsidy for a clean technology and a Pigouvian tax on a dirty technology on environmental R&D when it is uncertain how long the research takes to complete. The model is formulated as an optimal stopping problem, in which the number of successes required to complete the R&D project is finite and learning about the probability of success is incorporated. We show that the optimal R&D subsidy with the consideration of learning is higher than that without it. We also find that an R&D subsidy performs better than a Pigouvian tax unless suppliers have sufficient incentives to continue cost-reduction efforts after the new technology successfully replaces the old one. Moreover, by using a two-project model, we show that a uniform subsidy is better than a selective subsidy. (C) 2015 Elsevier B.V. All rights reserved.. |
| 339. |
Yutaka Ito, Shunsuke Managi, The potential of alternative fuel vehicles: A cost-benefit analysis, RESEARCH IN TRANSPORTATION ECONOMICS, 10.1016/j.retrec.2015.06.005, 50, 39-50, 2015.08, 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. (C) 2015 Elsevier Ltd. All rights reserved.. |
| 340. |
Tomoyuki Sakamoto, Shunsuke Managi, Energy pricing impact on domestic economy under recent climate action, Economic Analysis and Policy, 10.1016/j.eap.2015.11.005, 48, 150-162, 2015.08, This article analyzes the adverse competitive effect of climate policy on domestic supply using industry-level data from forty countries. In accordance with the theoretical literature, we define the competitive effect as the difference between the energy price elasticities of demand and supply
the magnitude of the competitive effect is captured by estimating the supply and demand functions. We find adverse competitive effects for certain country-industry pairs
however, these impacts are small. Additional simulation analysis shows potential for substitution between an imported product and a domestic good in less energy-intensive sectors. The results indicate the importance of considering industrial characteristics when formulating and implementing a climate policy.. |
| 341. |
Kazuki Kagohashi, Tetsuya Tsurumi, Shunsuke Managi, The Effects of International Trade on Water Use, PLOS ONE, 10.1371/journal.pone.0132133, 10, 7, 2015.07, The growing scarcity of water resources worldwide is conditioned not only by precipitation changes but also by changes to water use patterns; the latter is driven by social contexts such as capital intensity, trade openness, and income. This study explores the determinants of water use by focusing on the effect of trade openness on the degree to which water is withdrawn and consumed. Previous studies have conducted analyses on the determinants of water use but have ignored the endogeneity of trade openness. To deal with this endogeneity problem, we adopt instrumental variable estimation and clarify the determinants of water use. The determinants of water use are divided into scale, technique, and composition effects. Calculating each trade-induced effect, we examine how trade openness affects the degree of water use. Our results show that while trade has a positive effect on water withdrawal/consumption through trade-induced scale effects and direct composition effects, the trade-induced technique and the indirect composition effect, both of which exhibit a negative sign, counteract the scale effect and the direct composition effect, resulting in reduced water withdrawal/consumption. The overall effect induced by trade is calculated as being in the range of -1.00 to -1.52; this means that the overall effect of a 1% increase in the intensity of trade openness reduces the degree of water withdrawal/consumption by roughly 1.0-1.5%, on average. This result indicates that international bilateral trade would promote efficient water use through the diffusion of water-saving technologies and the reformation of industry composition.. |
| 342. |
Kagawa S., Hashimoto S., Managi S., Special issue: Studies on Industrial Ecology, Environmental Economics and Policy Studies, 17(3), 361-368, 2015.07. |
| 343. |
Jue Yang, Shunsuke Managi, Masayuki Sato, The effect of institutional quality on national wealth: an examination using multiple imputation method, Environmental Economics and Policy Studies, 10.1007/s10018-014-0084-z, 17, 3, 431-453, 2015.07, Various indicators have been developed to assess the sustainability of countries. However, it remains theoretically and practically unclear whether it is possible to include institutions as an element of the sustainability index. One of the main challenges is the substantial problem of missing data. Recent studies have shed light on the potential means to improve data collection and to construct better indicators for the quality of institutions and their use in theories of sustainability. However, the special nature of institutions and the time-trend effect make it difficult to develop an appropriate selection strategy, although a variety of imputation methods have nonetheless been developed in this field. This study addresses this problem by including variables that might theoretically be considered in a multiple imputation framework. We construct a panel dataset that covers approximately 190 countries for the 1980–2010 period. Based on this complete imputed dataset, we investigate the effects of institutions on the change in comprehensive wealth in a country, which is adjusted net savings, using the instrumental variable method. We also suggest a strategy for including institutional indicators in post-2015 sustainability index design.. |
| 344. |
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 , http://dx.doi.org/10.1016/j.omega.2014.12.001, 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. |
| 345. |
Tetsuya Tsurumi, Hideyuki Mizobuchi, Shunsuke Managi, A monetary evaluation of life: Life satisfaction approach, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 157-194, 2015.06. |
| 346. |
Kei Kabaya, Shunsuke Managi, Conclusion, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 306-308, 2015.06. |
| 347. |
Tania Ray Bhattacharya, Shunsuke Managi, Contributions of the private sector to global biodiversity protection, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 263-296, 2015.06. |
| 348. |
Kenta Tanaka, Shunsuke Managi, Ecologically friendly transportation: Cost analysis of subsidy and tax reduction scheme, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 297-305, 2015.06. |
| 349. |
Yutaka Ito, Shunsuke Managi, Effects of disasters on markets, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 197-227, 2015.06. |
| 350. |
Tetsuya Tsurumi, Shunsuke Managi, Environmental Kuznets curve: Economic growth and emission reduction, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 49-70, 2015.06. |
| 351. |
Cao Huijuan, Hidemichi Fujii, Shunsuke Managi, Environmental impact of mega events, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 228-241, 2015.06. |
| 352. |
Shunsuke Managi, Kei Kabaya, Introduction, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 1-4, 2015.06. |
| 353. |
Shunsuke Managi, Preface, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, xv-xvi, 2015.06. |
| 354. |
Shunsuke Managi, The economics of green growth: New indicators for sustainable societies, The Economics of Green Growth: New Indicators for Sustainable Societies, 10.4324/9781315745800, 1-312, 2015.06, The Economics of Green Growth investigates the possibility of creating an integrated indicator covering three pillars of sustainable development: economy, society and the environment. The excessive pursuit of economic efficiency has resulted in severe environmental problems such as climate change and biodiversity loss, and societal human issues such as inequality and disparity. The book aims to change the direction of economic growth towards one which is more sustainable. It explores beyond the conventional indicator, the GDP that measures economic growth and human well-being. It also introduces new indicators relevant to sustainable development and a green economy and discusses the key issues for these indicators.. |
| 355. |
Po-Chi Chen, Ming-Miin Yu, Ching-Cheng Chang, Shih-Hsun Hsu, Shunsuke Managi, The enhanced Russell-based directional distance measure with undesirable outputs: Numerical example considering CO2 emissions, OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE, 10.1016/j.omega.2014.12.001, 53, 30-40, 2015.06, Following the spirit of the enhanced Russell graph measure, this paper proposes an enhanced Russell-based directional distance measure (ERBDDM) model for dealing with desirable and undesirable outputs in data envelopment analysis (DEA) and allowing some inputs and outputs to be zero. The proposed method is analogous to the output oriented slacks-based measure (OSBM) and directional output distance function approach because it allows the expansion of desirable outputs and the contraction of undesirable outputs. The ERBDDM is superior to the OSBM model and traditional approach since it is not only able to identify all the inefficiency slacks just as the latter, but also avoids the misperception and misspecification of the former, which fails to identify null-jointness production of goods and bads. The paper also imposes a strong complementary slackness condition on the ERBDDM model to deal with the occurrence of multiple projections. Furthermore, we use the Penn Table data to help us explore our new approach in the context of environmental policy evaluations and guidance for performance improvements in 111 countries. (C) 2014 Elsevier Ltd. All rights reserved.. |
| 356. |
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.. |
| 357. |
Po-Chi Chen, Ming-Miin Yu, Ching-Cheng Chang, Shih-Hsun Hsu, Shunsuke Managi, Nonradial 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, The objective of this paper is to provide a more comprehensive efficiency measure to estimate the performance of OECD and non-OECD countries. A Russell directional distance function that appropriately credits the decision-making unit not only for increase in desirable outputs but also for the decrease of undesirable outputs is derived from the proposed weighted Russell directional distance model. The method was applied to a panel of 116 countries from 1992 to 2010. This framework also decomposes the comprehensive efficiency measure into individual input/output components' inefficiency scores that are useful for policy making. The results reveal that the OECD countries perform better than the non-OECD countries in overall, goods, labor and capital efficiencies, but worse in bad and energy efficiencies.. |
| 358. |
Kazushi Hatase, Shunsuke Managi, Increase in carbon prices: analysis of energy-economy modeling, Environmental Economics and Policy Studies, 10.1007/s10018-014-0101-2, 17, 2, 241-262, 2015.04, 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.. |
| 359. |
Hatase K., Managi S. , Increase in Carbon Prices: Analysis of Energy-Economy Modeling, Environmental Economics and Policy Studies , 17(2), 241-262, 2015.04. |
| 360. |
Surender Kumar, Shunsuke Managi, Carbon Sensitive Productivity, Climate and Institutions, Environment and Development Economics, http://dx.doi.org/10.1017/S1355770X15000054, 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. |
| 361. |
Hidemichi Fujii, Jing Cao, Shunsuke Managi, Decomposition of Productivity Considering Multi-environmental Pollutants in Chinese Industrial Sector, REVIEW OF DEVELOPMENT ECONOMICS, 10.1111/rode.12123, 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.. |
| 362. |
Kumar S., Fujii H., Managi S.., Substitute or Complement? Assessing Renewable and Nonrenewable Energy in OECD Countries, Applied Economics, 47, 1438-1459, 2015.01. |
| 363. |
Shunsuke Managi, Strengthening scientists and engineers appreciation of the real world, Topical Themes in Energy and Resources: A Cross-Disciplinary Education and Training Program for Environmental Leaders, 10.1007/978-4-431-55309-0_14, 245-258, 2015.01, This introduces the increased emphasis on society’s relationship with academic research and how to strengthen students’ experience outside the research laboratory. This is already one of the objectives in the ELTP, but is also expected to gain importance as the new approach to international global environmental change under Future Earth gains momentum. This will require researchers to improve communications with society and its stakeholders, requiring researchers to hone their communication skills and ability to envisage the interests and viewpoints of different stakeholders. The field of environmental economics brings together many aspects of sustainability and its compatibility with the economic system, and this chapter raises a number of questions (including those emerging after the 2011 tsunami and Fukushima nuclear disaster) designed to encourage students to apply a more system-wide and lateral thinking.. |
| 364. |
Walid Mensi, Makram Beljid, 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/j.inteco.2014.10.001, 140, 89-106, 2014.12, This paper examines the time-varying levels of weak-form efficiency and the presence of structural breaks for two worldwide crude oil benchmarks over the period spanning from January 2, 1990, through September 18, 2012. We use two different econophysics approaches for comparison purposes. The Hurst exponent is provided by the scaled range R/S analysis to measure the degree of long-range dependency exhibited by the West Texas Intermediate (WTI) and European Brent crude oil indices. The Shannon entropy approach, which is based on a symbolic time series analysis (STSA), allows a ranking of market-level efficiency. The empirical results show that the European Brent index is less inefficient than the WTI index for both methods. Moreover, we find that the Hurst exponent displays better performance than the Shannon entropy method. The Hurst exponent is also more effective than the Shannon entropy in detecting financial crashes and crises as well as extreme events, such as wars and terrorist attacks. These findings have several implications for commodity portfolio hedgers and risk managers.. |
| 365. |
Eiji Sawada, Shunsuke Managi, Effects of Technological Change on Non-renewable Resource Extraction and Exploration, Journal of Economic Structures, 10.1186/2193-2409-3-1, 3, 1, 2014.12, This paper provides a non-renewable resource extraction model with both technological change and resource exploration. Especially, we consider two types of technology, extraction technology and exploration technology. We show how these technologies affect efficient non-renewable resource extraction differently. Then, progress in extraction technology drops marginal revenue of extraction and resource price by changing the structure of those dynamics, while progress in exploration technology drops marginal revenue of extraction and resource price remaining the structure of those dynamics. Finally, we illustrate the difference becomes significant when innovative technologies are developed using numerical examples.. |
| 366. |
Koji Kotani, Kenta Tanaka, 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, This paper explores how threshold uncertainty affects cooperative behaviors in the provision of public goods and the prevention of public bads. The following facts motivate our study. First, environmental (resource) problems are either framed as public bads prevention or public goods provision. Second, the occurrence of these problems is characterized by thresholds that are interchangeably represented as "nonconvexity," "bifurcation," "bi-stability," or "catastrophes." Third, the threshold location is mostly unknown. We employ a provision point mechanism with threshold uncertainty and analyze the responses of cooperative behaviors to uncertainty and to the framing for each type of social preferences categorized by a value orientation test. We find that aggregate framing effects are negligible, although the response to the frame is the opposite depending on the type of social preferences. "Cooperative" subjects become more cooperative in negative frames than in positive frames, whereas "individualistic" subjects are less cooperative in negative frames than in positive ones. This finding implies that the insignificance of aggregate framing effects arises from behavioral asymmetry. We also find that the percentage of cooperative choices non-monotonically varies with the degree of threshold uncertainty, irrespective of framing and value orientation. Specifically, the degree of cooperation is highest at intermediate levels of threshold uncertainty and decreases as the uncertainty becomes sufficiently large.. |
| 367. |
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. |
| 368. |
Co-benefit of Climate Countermeasures. |
| 369. |
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. |
| 370. |
Kenta Tanaka, Keisaku Higashida, Shunsuke Managi, A laboratory assessment of the choice of vessel size under individual transferable quota regimes, AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS, 10.1111/1467-8489.12064, 58, 3, 353-373, 2014.07, This paper examines the effect of individual transferable quota regimes on technology choice, such as choice of vessel size, by using the laboratory experiment method. We find that even if vessel sizes change over time, the quota price can converge to the fundamental value conditioned on the vessels chosen. We also find that subjects choose their vessel type to maximise their profits based on the quota trading prices in the previous period. This result implies that the efficiency of quota markets in the beginning period is important because any inefficiency in quota markets may affect vessel sizes in ensuing periods. Moreover, we find that the initial allocations may significantly influence vessel sizes through two channels: first, a higher initial allocation to a subject increases the likelihood that the subject invests in a large-sized vessel; second, the quota price may be higher and more unstable under unequal allocation than under equal allocation; thus, whether the allocation is equal influences subjects' choice of vessel type.. |
| 371. |
Hiroki Tanikawa, Shunsuke Managi, Cherry Myo Lwin, 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, This article describes research conducted for the Japanese government in the wake of the magnitude 9.0 earthquake and tsunami that struck eastern Japan on March 11, 2011. In this study, material stock analysis (MSA) is used to examine the losses of building and infrastructure materials after this disaster. Estimates of the magnitude of material stock that has lost its social function as a result of a disaster can indicate the quantities required for reconstruction, help garner a better understanding of the volumes of waste flows generated by that disaster, and also help in the course of policy deliberations in the recovery of disaster-stricken areas. Calculations of the lost building and road materials in the five prefectures most affected were undertaken. Analysis in this study is based on the use of geographical information systems (GIS) databases and statistics; it aims to (1) describe in spatial terms what construction materials were lost, (2) estimate the amount of infrastructure material needed to rehabilitate disaster areas, and (3) indicate the amount of lost material stock that should be taken into consideration during government policy deliberations. Our analysis concludes that the material stock losses of buildings and road infrastructure are 31.8 and 2.1 million tonnes, respectively. This research approach and the use of spatial MSA can be useful for urban planners and may also convey more appropriate information about disposal based on the work of municipalities in disaster-afflicted areas.. |
| 372. |
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. |
| 373. |
Zheng Zhang, 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, 10.1016/j.trf.2014.02.009, 24, 24, 17-26, 2014.05, This study examines the impact of incentives on commuters' travel behavior based upon a questionnaire survey conducted with respect to the Beijing Subway System. Overall, we find that offering incentives to commuters, particularly fast food restaurant-related services and reduced ticket fares, has a positive influence on avoiding the morning rush hour. Furthermore, by using an interaction analysis, we discover that a flexible work schedule has an impact on commuters' behavior and the efficiency of the subway system. Finally, we recommend two possible policies to maximize the utility of the subway system and to reduce congestion at the peak of morning service: (1) a set of incentives that includes free wireless internet service with a coupon for breakfast and a discount on ticket fares before the morning peak and (2) the introduction of a flexible work schedule. (C) 2014 Elsevier Ltd. All rights reserved.. |
| 374. |
Shunsuke Managi, Akira Hibiki, Tetsuya Shimane, Efficiency or technology adoption: A case study in waste-treatment technology, RESOURCE AND ENERGY ECONOMICS, 10.1016/j.reseneeco.2013.09.002, 36, 2, 586-600, 2014.05, Improvements in the effectiveness and efficiency of supply-side waste management are necessary in many countries. In Japan, municipalities with limited budgets have delayed the introduction of new waste-management technologies. Thus, the central government has used subsidies to encourage municipalities to adopt certain new technologies to improve waste-management efficiency. In this study, we measure the efficiency of waste management and explore how technology is related to technical efficiency. We find that municipalities are likely to adopt less-efficient technologies and that the central government's policies are likely to promote inefficient technology adoption by local governments. (C) 2013 Elsevier B.V. All rights reserved.. |
| 375. |
Norichika Kanie, Naoya Abe, Masahiko Iguchi, Jue Yang, Ngeta Kabiri, Yuto Kitamura, Shunsuke Managi, Ikuho Miyazawa, Simon Olsen, Tomohiro Tasaki, Taro Yamamoto, Tetsuro Yoshida, Yuka Hayakawa, Integration and Diffusion in Sustainable Development Goals: Learning from the Past, Looking into the Future (vol 6, pg 1761, 2014), SUSTAINABILITY, 10.3390/su6053122, 6, 5, 3122-3123, 2014.05. |
| 376. |
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. |
| 377. |
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. |
| 378. |
Keisaku Higashida, Shunsuke Managi, Determinants of trade in recyclable wastes: evidence from commodity-based trade of waste and scrap, ENVIRONMENT AND DEVELOPMENT ECONOMICS, 10.1017/S1355770X13000533, 19, 2, 250-270, 2014.04, This paper examines factors that affect the trade of recyclable waste in both exporting and importing countries. To this end, we employ two important elements: first, we adopt a gravity model in our empirical methodology; second, we select five waste and scrap commodities and undertake estimations using commodity-level trade data. We demonstrate that, the higher the wage/per capita GDP/population of an importing country, the more recyclable wastes it imports. This result suggests that the demand for final goods and, accordingly, the demand for materials including recycled material, have strong effects on the import volume of recyclable waste. Moreover, this implies that the imports of a developing country from developed countries increase with expanding industrial activity and economic growth. We find no evidence for a pollution haven for wastes and recycling.. |
| 379. |
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. |
| 380. |
Kazuyuki Iwata, Yutaka Ito, 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, An increasing number of studies analyze the relationship between natural disaster damage and income levels, but they do not consider the distinction between public and private disaster mitigation. This paper empirically distinguishes these two types of mitigation using Japanese prefectural panel data from 1975 to 2007. Our results show that public mitigation rather than private mitigation has contributed to mitigating the total damage resulting from natural disasters. Our estimation of cost -benefit ratios for each prefecture confirms that the mitigation efforts of urban prefectures are less effective than those of rural prefectures in focusing on both large and frequent/small disasters. Hence, urban prefectures need to reassess their public mitigation measures. Furthermore, to lessen the damage resulting from extreme catastrophes, policy makers are required to invest in improved mitigation infrastructures when faced with a high probability of disasters. (C) 2013 Elsevier Ltd. All rights reserved.. |
| 381. |
Compliance Behavior and Institutional Design : Analysis of Emissions Trading by Laboratory Experimental Approach. |
| 382. |
Sawada E., Shunsuke Managi, “Effects of Technological Change on Nonrenewable Resource Extraction and Exploration.”, Journal of Economic Structures, 3 (1), 1-12, 2014.02. |
| 383. |
Hirotsugu Uchida, Yuko Onozaka, Tamaki Morita, Shunsuke Managi, Demand for ecolabeled seafood in the Japanese market: A conjoint analysis of the impact of information and interaction with other labels, FOOD POLICY, 10.1016/j.foodpol.2013.10.002, 44, 1, 68-76, 2014.02, The use of seafood ecolabels is expanding in the world marketplace, but so are labels indicating other product attributes, such as country of origin and wild vs. farmed. The interactive effects of these labels and attributes in evaluating consumers' preferences for ecolabeled seafood are relatively unexplored. In this paper we investigate (1) the direct and interactive effects of seafood ecolabels with other common fish labels, and (2) how consumers' perceptions about the state of marine stocks and the valuation of ecolabels may be affected by different information. We find moderate interactive effects between ecolabels and country of origin labels, whereas the valuation for seafood ecolabels is fairly high. In terms of information, we find that consumers' perceptions about fish stock levels changed (negatively) after receiving information on declining stock levels, and more sensationalized information led to increased change. However, valuation for a seafood ecolabel increases only when the information was perceived positively (credible/interesting); whereas exaggerated information (which was also perceived less credible) had insignificant effects on WTP. (C) 2013 Elsevier Ltd. All rights reserved.. |
| 384. |
Hidemichi Fujii, Shunsuke Managi, Roman Matousek, Indian bank efficiency and productivity changes with undesirable outputs: A disaggregated approach, JOURNAL OF BANKING & FINANCE, 10.1016/j.jbankfin.2013.09.022, 38, 1, 41-50, 2014.01, The objective of this study is to examine technical efficiency and productivity growth in the Indian banking sector over the period from 2004 to 2011. We apply an innovative methodological approach introduced by Chen et al. (2011) and Barros et al. (2012), who use a weighted Russell directional distance model to measure technical inefficiency. We further modify and extend that model to measure TFP change with NPLs. We find that the inefficiency levels are significantly different among the three ownership structure of banks in India. Foreign banks have strong market position in India and they pull the production frontier in a more efficient direction. SPBs and domestic private banks show considerably higher inefficiency. We conclude that the restructuring policy applied in the late 1990s and early 2000s by the Indian government has not had a long-lasting effect. Crown Copyright (C) 2013 Published by Elsevier B.V. All rights reserved.. |
| 385. |
Intra-Industry spillover effects of ISO 14001 adoption in Japan
© 2014, CESER Publications. Employing an extensive dataset of Japanese production facilities across a large number of industries, this paper examines the determinants of ISO 14001 adoption and the existence of intra-industry spillovers. To estimate the spillovers, we employ a spatial autoregressive probit model. We find two types of ISO 14001 adoption spillovers; supply-side (technical capacity) and demand side (market pressure from competitors). Particularly, there are positive spillovers between facilities with similar sale in the same industry. Estimation results also suggest that plant size, air emission intensity and pressure from neighboring residents have a significant effects on ISO 14001 adoption. However, local governments’ support programs do not stimulate ISO 14001 adoption.. |
| 386. |
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. |
| 387. |
Shigemi Kagawa, Klaus Hubacek, Keisuke Nansai, Minori Kataoka, Shunsuke Managi, Sangwon Suh, Yuki Kudoh, Better cars or older cars?: Assessing CO2 emission reduction potential of passenger vehicle replacement programs, GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS, 10.1016/j.gloenvcha.2013.07.023, 23, 6, 1807-1818, 2013.12, The primary motivation for the vehicle replacement schemes that were implemented in many countries was to encourage the purchase of new cars. The basic assumption of these schemes was that these acquisitions would benefit both the economy and the environment as older and less fuel-efficient cars were scrapped and replaced with more fuel-efficient models. In this article, we present a new environmental impact assessment method for assessing the effectiveness of scrappage schemes for reducing CO2 emissions taking into account the rebound effect, driving behavior for older versus new cars and entire lifecycle emissions for during the manufacturing processes of new cars. The assessment of the Japanese scrappage scheme shows that CO2 emissions would only decrease if users of the scheme retained their new gasoline passenger vehicles for at least 4.7 years. When vehicle replacements were restricted to hybrid cars, the reduction in CO2 achieved by the scheme would be 6-8.5 times higher than the emissions resulting from a scheme involving standard, gasoline passenger vehicles. Cost-benefit analysis, based on the emission reduction potential, showed that the scheme was very costly. Sensitivity analysis showed that the Japanese government failed to determine the optimum, or target, car age for scrapping old cars in the scheme. Specifically, scrapping cars aged 13 years and over did not maximize the environmental benefits of the scheme. Consequently, modifying this policy to include a reduction in new car subsidies, focused funding for fuel-efficient cars, and modifying the target car age, would increase environmental benefits. (C) 2013 Elsevier Ltd. All rights reserved.. |
| 388. |
原子力発電 英国で始まった電力市場改革 原発に固定価格買い取り制度を導入. |
| 389. |
Nagisa Ishinabe, Hidemichi Fujii, Shunsuke Managi, The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies, PLOS ONE, 10.1371/journal.pone.0078703, 8, 11, 2013.11, This study elucidated the shadow price of greenhouse gas (GHG) emissions for 1,024 international companies worldwide that were surveyed from 15 industries in 37 major countries. Our results indicate that the shadow price of GHG at the firm level is much higher than indicated in previous studies. The higher shadow price was found in this study as a result of the use of Scope 3 GHG emissions data. The results of this research indicate that a firm would carry a high cost of GHG emissions if Scope 3 GHG emissions were the focus of the discussion of corporate social responsibility. In addition, such shadow prices were determined to differ substantially among countries, among sectors, and within sectors. Although a number of studies have calculated the shadow price of GHG emissions, these studies have employed country-level or industry-level data or a small sample of firm-level data in one country. This new data from a worldwide firm analysis of the shadow price of GHG emissions can play an important role in developing climate policy and promoting sustainable development.. |
| 390. |
Hidemichi Fujii, Shunsuke Managi, Shinji Kaneko, Decomposition analysis of air pollution abatement in China: empirical study for ten industrial sectors from 1998 to 2009, JOURNAL OF CLEANER PRODUCTION, 10.1016/j.jclepro.2013.06.059, 59, 59, 22-31, 2013.11, This study analyzes the management of air pollutant substance in Chinese industrial sectors from 1998 to 2009. Decomposition analysis applying the logarithmic mean divisia index is used to analyze changes in emissions of air pollutants with a focus on the following five factors: coal pollution intensity (CPI), end-of-pipe treatment (EOP), the energy mix (EM), productive efficiency change (EFF), and production scale changes (PSC). Three pollutants are the main focus of this study: sulfur dioxide (SO2), dust, and soot. The novelty of this paper is focusing on the impact of the elimination policy on air pollution management in China by type of industry using the scale merit effect for pollution abatement technology change. First, the increase in SO2 emissions from Chinese industrial sectors because of the increase in the production scale is demonstrated. However, the EOP equipment that induced this change and improvements in energy efficiency has prevented an increase in SO2 emissions that is commensurate with the increase in production. Second, soot emissions were successfully reduced and controlled in all industries except the steel industry between 1998 and 2009, even though the production scale expanded for these industries. This reduction was achieved through improvements in EOP technology and in energy efficiency. Dust emissions decreased by nearly 65% between 1998 and 2009 in the Chinese industrial sectors. This successful reduction in emissions was achieved by implementing EOP technology and pollution prevention activities during the production processes, especially in the cement industry. Finally, pollution prevention in the cement industry is shown to result from production technology development rather than scale merit. (C) 2013 Elsevier Ltd. All rights reserved.. |
| 391. |
Y. Ito, S. Managi, A. Matsuda, Performances of socially responsible investment and environmentally friendly funds, Journal of the Operational Research Society, 10.1057/jors.2012.112, 64, 11, 1583-1594, 2013.11, The socially responsible investment (SRI) funds performances remain inconclusive. Hence, more studies need to be conducted to determine if SRI funds systematically underperform or outperform conventional funds. This paper has employed dynamic mean-variance model using shortage function approach to evaluate the performance of SRI and Environmentally friendly funds (EF). Unlike the traditional methods, this approach estimates fund performance considering both the return and risk at the same time. The empirical results show that SRI funds outperformed conventional funds in EU and US. In addition, the results of EU are among the top-performing categories. EF do not perform as well as SRI, but perform in manners equal or superior to conventional funds. These results show statistically significant in some cases.. |
| 392. |
Tanaka K., Shunsuke Managi, “Measuring Productivity Gains from Deregulation of the Japanese Urban Gas Industry”, The Energy Journal, 34 (4), 181-198, 2013.10. |
| 393. |
Kikuko Shoyama, Shunsuke Managi, Yoshiki Yamagata, Public preferences for biodiversity conservation and climate-change mitigation: A choice experiment using ecosystem services indicators, LAND USE POLICY, 10.1016/j.landusepol.2013.04.003, 34, 282-293, 2013.09, Potential conflicts exist between biodiversity conservation and climate-change mitigation as trade-offs in multiple-use land management. This study aims to evaluate public preferences for biodiversity conservation and climate-change mitigation policy considering respondents' uncertainty on their choice. We conducted a choice experiment using land-use scenarios in the rural Kushiro watershed in northern Japan. The results showed that the public strongly wish to avoid the extinction of endangered species in preference to climate-change mitigation in the form of carbon sequestration by increasing the area of managed forest. Knowledge of the site and the respondents' awareness of the personal benefits associated with supporting and regulating services had a positive effect on their preference for conservation plans. Thus, decision-makers should be careful about how they provide ecological information for informed choices concerning ecosystem services tradeoffs. Suggesting targets with explicit indicators will affect public preferences, as well as the willingness of the public to pay for such measures. Furthermore, the elicited-choice probabilities approach is useful for revealing the distribution of relative preferences for incomplete scenarios, thus verifying the effectiveness of indicators introduced in the experiment. (C) 2013 Elsevier Ltd. All rights reserved.. |
| 394. |
Shunsuke Managi, Tatsuyoshi Okimoto, Does the price of oil interact with clean energy prices in the stock market?, JAPAN AND THE WORLD ECONOMY, 10.1016/j.japwor.2013.03.003, 27, 1-9, 2013.08, In this paper, we analyze the relationships among oil prices, clean energy stock prices, and technology stock prices, endogenously controlling for structural changes in the market. To this end, we apply Markov-switching vector autoregressive models to the economic system consisting of oil prices, clean energy and technology stock prices, and interest rates. The results indicate that there was a structural change in late 2007, a period in which there was a significant increase in the price of oil. In contrast to the previous studies, we find a positive relationship between oil prices and clean energy prices after structural breaks. There also appears to be a similarity in terms of the market response to both clean energy stock prices and technology stock prices. (c) 2013 Elsevier B.V. All rights reserved.. |
| 395. |
Ramesh Baskaran, Shunsuke Managi, Mirko Bendig, A public perspective on the adoption of microgeneration technologies in New Zealand: A multivariate probit approach, ENERGY POLICY, 10.1016/j.enpol.2013.02.047, 58, 177-188, 2013.07, The growing demand for electricity in New Zealand has led to the construction of new hydro-dams or power stations that have had environmental, social and cultural effects. These effects may drive increases in electricity prices, as such prices reflect the cost of running existing power stations as well as building new ones. This study uses Canterbury and Central Otago as case studies because both regions face similar issues in building new hydro-dams and ever-increasing electricity prices that will eventually prompt households to buy power at higher prices. One way for households to respond to these price changes is to generate their own electricity through microgeneration technologies (MGT). The objective of this study is to investigate public perception and preferences regarding MGT and to analyze the factors that influence people's decision to adopt such new technologies in New Zealand. The study uses a multivariate probit approach to examine households' willingness to adopt any one MGT system or a combination of the MGT systems. Our findings provide valuable information for policy makers and marketers who wish to promote effective microgeneration technologies. Crown Copyright (c) 2013 Published by Elsevier Ltd. All rights reserved.. |
| 396. |
Ken-Ichi Akao, Shunsuke Managi, A Tradable Permit System in an Intertemporal Economy, ENVIRONMENTAL & RESOURCE ECONOMICS, 10.1007/s10640-012-9628-5, 55, 3, 309-336, 2013.07, It is known that in an intertemporal competitive economy, a tradable permit system may not achieve efficiency without setting appropriate permit interest rates (i.e., rewards for holding permits). To find the rates, however, we need to know in advance the path of efficient permit prices, which is difficult to obtain. This study intends to solve this problem in two ways. First, we analyze a special case in which the permit interest rates are given by a simple rule. For example, if the marginal abatement cost of pollution emission is constant, then the appropriate rate is to equal the monetary interest rate. As is the case for global warming, if the damage is caused in the future far beyond the planning period of the environmental program, the appropriate rate coincides with the marginal self-recovery of environmental stock under certain conditions. As a second approach, we propose a tradable permit system with a permit bank, as a mechanism by which the permit interest rates are generated endogenously without governmental intervention other than the issuance of permits. However, we also show that this approach raises the problem of indeterminacy of the equilibrium.. |
| 397. |
Hidemichi Fujii, Shunsuke Managi, Which industry is greener? An empirical study of nine industries in OECD countries, ENERGY POLICY, 10.1016/j.enpol.2013.02.011, 57, 381-388, 2013.06, This study analyzed the relationship between the CO2 emissions of different industries and economic growth in OECD countries from 1970 to 2005. We tested an environmental Kuznets curve (EKC) hypothesis and found that total CO2 emissions from nine industries show an N-shaped trend instead of an inverted U or monotonic increasing trend with increasing income. The EKC hypothesis for sector-level CO2 emissions was supported in the (1) paper, pulp, and printing industry; (2) wood and wood products industry; and (3) construction industry. We also found that emissions from coal and oil increase with economic growth in the steel and construction industries. In addition, the non-metallic minerals, machinery, and transport equipment industries tend to have increased emissions from oil and electricity with economic growth. Finally, the EKC turning point and the relationship between GDP per capita and sectoral CO2 emissions differ among industries according to the fuel type used. Therefore, environmental policies for CO2 reduction must consider these differences in industrial characteristics. (C) 2013 Elsevier Ltd. All rights reserved.. |
| 398. |
Hidemichi Fujii, Shunsuke Managi, Decomposition of Toxic Chemical Substance Management in Three US Manufacturing Sectors from 1991 to 2008, JOURNAL OF INDUSTRIAL ECOLOGY, 10.1111/j.1530-9290.2012.00527.x, 17, 3, 461-471, 2013.06, This study analyzes toxic chemical substance management in three U.S. manufacturing sectors from 1991 to 2008. Decomposition analysis applying the logarithmic mean Divisia index is used to analyze changes in toxic chemical substance emissions by the following five factors: cleaner production, end-of-pipe treatment, transfer for further management, mixing of intermediate materials, and production scale. Based on our results, the chemical manufacturing sector reduced toxic chemical substance emissions mainly via end-of-pipe treatment. In the meantime, transfer for further management contributed to the reduction of toxic chemical substance emissions in the metal fabrication industry. This occurred because the environmental business market expanded in the 1990s, and the infrastructure for the recycling of metal and other wastes became more efficient. Cleaner production is the main contributor to toxic chemical reduction in the electrical product industry. This implies that the electrical product industry is successful in developing a more environmentally friendly product design and production process.. |
| 399. |
Walid Mensi, Makram Beljid, Adel Boubaker, Shunsuke Managi, Correlations and volatility spillovers across commodity and stock markets: Linking energies, food, and gold, ECONOMIC MODELLING, 10.1016/j.econmod.2013.01.023, 32, 15-22, 2013.05, This paper employs a VAR-GARCH model to investigate the return links and volatility transmission between the S&P 500 and commodity price indices for energy, food, gold and beverages over the turbulent period from 2000 to 2011. Understanding the price behavior of commodity prices and the volatility transmission mechanism between these markets and the stock exchanges are crucial for each participant, including governments, traders, portfolio managers, consumers, and producers. For return and volatility spillover, the results show significant transmission among the S&P 500 and commodity markets. The past shocks and volatility of the S&P 500 strongly influenced the oil and gold markets. This study finds that the highest conditional correlations are between the S&P 500 and gold index and the S&P 500 and WTI index. We also analyze the optimal weights and hedge ratios for commodities/S&P 500 portfolio holdings using the estimates for each index. Overall, our findings illustrate several important implications for portfolio hedgers for making optimal portfolio allocations, engaging in risk management and forecasting future volatility in equity and commodity markets. (C) 2013 Elsevier B.V. All rights reserved.. |
| 400. |
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, http://dx.doi.org/10.4236/jep.2013.43034, 4, 290-300, 2013.03. |
| 401. |
Hidemichi Fujii, Kazuyuki Iwata, Shinji Kaneko, Shunsuke Managi, Corporate Environmental and Economic Performance of Japanese Manufacturing Firms: Empirical Study for Sustainable Development, BUSINESS STRATEGY AND THE ENVIRONMENT, 10.1002/bse.1747, 22, 3, 187-201, 2013.03, This study examines the relationship between environmental performance and economic performance in Japanese manufacturing firms. The environmental performance indicators include CO2 emissions and the aggregate toxic risk associated with chemical emissions relative to sales. Return on assets (ROA) is used as an indicator of economic performance. We demonstrate that there is a significant inverted U-shaped relationship between ROA and environmental performance calculated by aggregated toxic risk. We also find that the environmental performance increases ROA through both returns on sales and improved capital turnover. However, we observe a significant positive relationship between financial performance and environmental performance based on CO2 emissions. These findings may provide evidence for the consequences of firms' environmental behavior and sustainable development. Copyright (c) 2012 John Wiley & Sons, Ltd and ERP Environment.. |
| 402. |
Carlos Pestana Barros, Zhongfei Chen, Shunsuke Managi, Olinda Sequeira Antunes, Examining the cost efficiency of Chinese hydroelectric companies using a finite mixture model, ENERGY ECONOMICS, 10.1016/j.eneco.2012.10.007, 36, 1, 511-517, 2013.03, This paper evaluates the operational activities of Chinese hydroelectric power companies over the period 2000-2010 using a finite mixture model that controls for unobserved heterogeneity. In so doing, a stochastic frontier latent class model, which allows for the existence of different technologies, is adopted to estimate cost frontiers. This procedure not only enables us to identify different groups among the hydro-power companies analysed, but also permits the analysis of their cost efficiency. The main result is that three groups are identified in the sample, each equipped with different technologies, suggesting that distinct business strategies need to be adapted to the characteristics of China's hydro-power companies. Some managerial implications are developed. (C) 2012 Elsevier B.V. All rights reserved.. |
| 403. |
Tania Ray Bhattacharya, 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 and Management, 10.1080/21513732.2012.710250, 9, 1, 65-86, 2013.03, Since the inception of the UN Convention on Biological Diversity (CBD) in 1992, little progress has been achieved in terms of involving the business community in protecting biological diversity worldwide. This article assesses the current activities of US Fortune 500 companies with respect to global biodiversity protection and the goals of the CBD. Data and information collected from 500 companies within eight major industrial sectors were further categorized at the company level to assess each company's involvement in global biodiversity protection. Our findings show that although companies' business profiles highly influence their decision-making process regarding the adoption of biodiversity protection policies and measures, their revenue profiles are less influential. We show that despite generating low revenues, companies in the utility sector are more active in the adoption of biodiversity protection policy than those in the financial sector, which generate high revenues. This study also demonstrates that companies must be convinced of the major effects of biodiversity loss on their bottom lines to be motivated to protect biological diversity. Companies' business and business-related risk profiles can also influence the adoption of biodiversity protection policies within the company. The study further demonstrates that a measurable biodiversity impact indicator is necessary for the companies to get seriously involved in the mitigation action. Finally, this study proposes a three-step biodiversity loss mitigation action framework that is drawn upon the assessment of the 500 companies that can contribute to develop an elaborative framework of business sector-specific mitigation plan. © 2013 Copyright Taylor and Francis Group, LLC.. |
| 404. |
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. |
| 405. |
Nobuyuki Ito, Kenji Takeuchi, Shunsuke Managi, Willingness-to-pay for infrastructure investments for alternative fuel vehicles, TRANSPORTATION RESEARCH PART D-TRANSPORT AND ENVIRONMENT, 10.1016/j.trd.2012.08.004, 18, 1, 1-8, 2013.01, This study investigates potential demand for infrastructure investment for alternative fuel vehicles by applying stated preference methods to a Japanese sample. The potential demand is estimated on the basis of how much people are willing to pay for alternative fuel vehicles under various refueling scenarios. Using the estimated parameters, the economic efficiency of establishing battery-exchange stations for electric vehicles is examined. The results indicate that infrastructural development of battery-exchange stations can be efficient when electric vehicle sales exceed 5.63% of all new vehicle sales. Further, we find a complementary relationship between the cruising ranges of alternative fuel vehicles and the infrastructure established. (c) 2012 Elsevier Ltd. All rights reserved.. |
| 406. |
Surender Kumar, Shunsuke Managi, The potential for LCE in India, Climate Smart Development in Asia: Transition to Low Carbon and Climate Resilient Economies, 10.4324/9780203141564, 41-56, 2013.01. |
| 407. |
Fujii H, Shunsuke Managi, Kaneko S., A Water Resource Efficiency Analysis of the Chinese Industrial Sector, Environmental Economics, 3(3), 82-92, 2012.10. |
| 408. |
Daisuke Numata, Shunsuke Managi, Demand for refilled reusable products, Environmental Economics and Policy Studies, 10.1007/s10018-012-0037-3, 14, 4, 421-436, 2012.10, The conversion of one-way polyethylene terephthalate (PET) bottles into reusable bottles helps reduce environmental burden. Recently, the Ministry of the Environment in Japan began discussing the introduction of reusable bottles. One of the barriers to introducing the new type of bottle is consumer unwillingness to accept refilled reusable bottles. We administered the questionnaires to consumers in a pilot test on reusable PET bottles organized to analyze the demand for these products. To increase the demand for refilled reusable bottles, it is necessary to supply refilled reusable bottles that are acceptable to consumers who are concerned about container flaws and stains. © 2012 Springer.. |
| 409. |
Makiko Nakano, Shunsuke Managi, Waste generations and efficiency measures in Japan, Environmental Economics and Policy Studies, 10.1007/s10018-012-0038-2, 14, 4, 327-339, 2012.10, This study measures the efficiencies incorporating waste generation using Japanese prefecture level data. We apply and compare several models using directional distance functions. There are wide variations in the efficiency scores between the two orientations, "input, desirable and undesirable output orientation" and "undesirable output orientation". However, the difference in abatement factor does not result in wide variations in the efficiency scores. Our results show that there are wide differences in the efficiency scores among prefectures. © 2012 Springer.. |
| 410. |
Alessio D'Amato, Shunsuke Managi, Massimiliano Mazzanti, Economics of waste management and disposal: Decoupling, policy enforcement and spatial factors, Environmental Economics and Policy Studies, 10.1007/s10018-012-0050-6, 14, 4, 323-325, 2012.10. |
| 411. |
Surender Kumar, Shunsuke Managi, Productivity and convergence in India: A state-level analysis, Journal of Asian Economics, 10.1016/j.asieco.2012.05.002, 23, 5, 548-559, 2012.10, Total factor productivity plays an important role in the growth of the Indian economy. Using state-level data from 1993 to 2005 that were recently made available, we find widespread regional variation in productivity changes. In the years immediately following economic liberalization, productivity growth improved technical efficiency
however, in subsequent years, productivity growth was propelled by technological progress. We find a tendency toward convergence with regard to productivity growth among states
however, the states that were technically efficient when the economic reforms were instituted remained innovative in later years. © 2012 Elsevier Inc.. |
| 412. |
Managi, S, T. Okimoto, A. Matsuda, “Do Socially Responsible Investment Indexes Outperform Conventional Indexes?, Applied Financial Economics, 10.1080/09603107.2012.665593, 22, 18, 1511-1527, 2012.09, The question of whether more Socially Responsible (SR) firms outperform or underperform other conventional firms has been debated in the economic literature. In this study, using the Socially Responsible Investment (SRI) indexes and conventional stock indexes in the US, the UK and Japan, first and second moments of firm performance distributions are estimated based on the Markov Switching (MS) model. We find two distinct regimes (bear and bull) in the SRI markets as well as the stock markets for all the three countries. These regimes occur with the same timing in both types of market. No statistical difference in means and volatilities generated from the SRI indexes and conventional indexes in either region was found. Furthermore, we find strong comovements between the two indexes in both the regimes. © 2012 Copyright Taylor and Francis Group, LLC.. |
| 413. |
Kristiaan Kerstens, Shunsuke Managi, Total factor productivity growth and convergence in the petroleum industry: Empirical analysis testing for convexity, INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 10.1016/j.ijpe.2012.04.008, 139, 1, 196-206, 2012.09, While economic theory acknowledges that some features of technology (e.g., indivisibilities, economies of scale and specialization) can fundamentally violate the traditional convexity assumption, almost all empirical studies accept the convexity property on faith. In this contribution, we apply two alternative flexible production technologies to measure total factor productivity growth and test the significance of the convexity axiom using a nonparametric test of closeness between unknown distributions. Based on unique field level data on the petroleum industry, the empirical results reveal significant differences, indicating that this production technology is most likely non-convex. Furthermore, we also show the impact of convexity on answers to traditional convergence questions in the productivity growth literature. (C) 2012 Elsevier B.V. All rights reserved.. |
| 414. |
小谷 浩示, 田中 健太, 馬奈木 俊介, On fundamental performance of a marketable permits system in a trader setting: Double auction vs. uniform price auction, Economics & Management Series, 2012.08, The marketable permits systems have been widely suggested as a potential solution for environmental problems. A critical feature in the market is that an agent can be both sellers and buyers of permits, so-called "trader settings." Although properties of the marketable permits in non-trader settings are well-documented, little is known in a trader setting, particularly about how different auction mechanisms perform and how much each of them achieves efficiency. To answer the questions, we have designed and implemented two different auction mechanisms of trader settings for marketable permits in controlled laboratory experiments: (i) Double auction (DA), and (ii) Uniform price auction (UPA). To the best of our knowledge, this research is the first which designs and implements UPA for marketable permits in a trader setting, and makes a direct comparison with the performance of DA on the same ground. We obtain the following novel results: (1) UPA is more efficient than DA in a trader setting, which is in sharp contrast with the established result in non-trader settings, (2) UPA generates more stable price dynamics and (3) UPA induces subjects to reveal more truthfully about abatement costs for emissions through their trading behaviors. With these results, we conclude that UPA is more likely to work better than DA in a trader setting.. |
| 415. |
Fujii, H, S. Managi, “Productive Inefficiency Analysis and Toxic Chemical Substances in US and Japanese Manufacturing Sectors", Asian Business & Management, 10.1057/abm.2012.8, 11, 3, 291-310, 2012.07, Corporate social responsibility is imperative for manufacturing companies to achieve sustainable development. Under a strong environmental information disclosure system, polluting companies are disadvantaged in terms of market competitiveness, because they lack an environmentally friendly image. The objective of this study is to analyze productive inefficiency change in relation to toxic chemical substance emissions for the United States and Japan and their corresponding policies. We apply the weighted Russell directional distance model to measure companies productive inefficiency, which represents their production technology. The data encompass 330 US manufacturing firms observed from 1999 to 2007, and 466 Japanese manufacturing firms observed from 2001 to 2008. The article focuses on nine high-pollution industries (rubber and plastics; chemicals and allied products; paper and pulp; steel and non-ferrous metal; fabricated metal; industrial machinery; electrical products; transportation equipment; precision instruments) categorized into two industry groups: basic materials industries and processing and assembly industries. The results show that productive inefficiency decreased in all industrial sectors in the United States and Japan from 2001 to 2007. In particular, that of the electrical products industry decreased rapidly after 2002 for both countries, possibly because of the enforcement of strict environmental regulations for electrical products exported to European markets. [-] [-] [-] [-] [-] [-].. |
| 416. |
Mitchell C., Froggatt A., Shunsuke Managi, Japanese energy policy stands at a crossroads, The Guardian, 2012.05. |
| 417. |
Takayoshi Shinkuma, Shunsuke Managi, Effectiveness of policy against illegal disposal of waste, Environmental Economics and Policy Studies, 10.1007/s10018-011-0024-0, 14, 2, 123-145, 2012.04, Our objective is to analyze the effectiveness, against the illegal disposal of waste, of a licensing system that has been introduced in a waste management policy. We theoretically find enforcement leverage in the licensing system, and then examine the theoretical result empirically. The results suggest that extending liability to disposers, which forms the basis of the enforcement leverage, deters illegal disposal more effectively than increasing penalties for illegal disposal. We also obtain evidence of transboundary movement of illegal disposal, and find how the court determines penalties for illegal disposal. © 2011 Springer.. |
| 418. |
Surender Kumar, Shunsuke Managi, Akimi Matsuda, Stock prices of clean energy firms, oil and carbon markets: A vector autoregressive analysis, ENERGY ECONOMICS, 10.1016/j.eneco.2011.03.002, 34, 1, 215-226, 2012.01, Recent discussions of energy security and climate change have attracted significant attention to clean energy. We hypothesize that rising prices of conventional energy and/or placement of a price on carbon emissions would encourage investments in clean energy firms. The data from three clean energy indices show that oil prices and technology stock prices separately affect the stock prices of clean energy firms. However, the data fail to demonstrate a significant relationship between carbon prices and the stock prices of the firms. (C) 2011 Elsevier B.V. All rights reserved.. |
| 419. |
Barros, C.P, S. Managi, R. Matousek, “The Technical Efficiency of the Japanese Banks: Non-Radial Directional Performance Measurement with Undesirable Output”, Omega - The International Journal of Management Science, 10.1016/j.omega.2011.02.005, 40, 1, 1-8, 2012.01, The paper analyses technical efficiency of the Japanese banks from 2000 to 2007. The estimation technique is based on the Russell directional distance function that takes into consideration not only desirable outputs but also an undesirable output that is represented by non-performing loans (NPLs). The results indicate that NPLs remain a significant burden as for banks' performance. We show that banks' inputs have to be utilised more efficiently, particularly labour and premises. We also argue that a further restructuring process is needed in the segment of Regional Banks. We conclude that the Japanese banking system is still far away from being fully consolidated and restructured. © 2011 Elsevier Ltd.. |
| 420. |
Shunsuke Managi, Kei Kabaya, Conclusion: Towards biodiversity conservation, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 228-237, 2012.01. |
| 421. |
Tania Ray Bhattacharya, Shunsuke Managi, Convention on biological diversity and other initiatives for worldwide protection of biological diversity and ecosystem services, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 19-34, 2012.01. |
| 422. |
Tetsuya Tsurumi, Kei Kuramashi, Shunsuke Managi, Determinants of happiness: Environmental degradation and attachment to nature, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 62-86, 2012.01. |
| 423. |
Kentaka Aruga, Shunsuke Managi, Diversity on fisheries: Price volatilities in the Japanese market, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 202-216, 2012.01. |
| 424. |
Keisaku Higashida, Kenta Tanaka, Shunsuke Managi, Evaluation of offset schemes with a laboratory experiment, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 164-182, 2012.01. |
| 425. |
Kentaka Aruga, Shunsuke Managi, Market delineation among the Japanese retail fish markets, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 217-227, 2012.01. |
| 426. |
Shunsuke Managi, Preface, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, xiii-xiv, 2012.01. |
| 427. |
Kei Kabaya, Shunsuke Managi, Productivity analysis on ecosystems and biodiversity, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 87-107, 2012.01. |
| 428. |
Kei Kabaya, Shunsuke Managi, Project portfolio analysis of global ecosystem restoration, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 185-201, 2012.01. |
| 429. |
Kei Kabaya, Shunsuke Managi, Sustainable use of ecosystem services, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 3-18, 2012.01. |
| 430. |
Shunsuke Managi, The economics of biodiversity and ecosystem services, The Economics of Biodiversity and Ecosystem Services, 10.4324/9780203097878, 1-240, 2012.01, Ecosystems and biodiversity have been degraded over decades due to human activities. One of the critical causes is market failure: The current market only accounts tangible resources and neglects intangible functions, such as climate control and natural hazard mitigation. Under such circumstances in capitalism, land conversion and resource exploitation, which generate financial income, are highly prioritised over conservation, which is not necessarily beneficial in monetary terms.
To halt ecosystem degradation, thus, the values of ecosystem services need to be visualised and economic instruments for ecosystem conservation should be further developed. This book focuses on these two aspects and performs several studies, including valuation of ecosystem services, productivity analysis, institutional design of payment for ecosystem services (PES), impact assessment of reduction emission from deforestation and forest degradation (REDD), and economic experiment of mitigation banking scheme. From these analysis, economic values of ecosystem services are demonstrated from both supply and demand side, and the directions for improving economic instruments are indicated both directly and indirectly.
As many of these analysis are usually conducted in the North America and Europe, this book is unique in geographical focus, namely, Japan, Asia and globe. Also, wide variety of ecosystems are targeted for studies
agricultural lands, forests, wetlands, and marine. Hence, this will be informative introduction for those who desire to study economics of biodiversity and ecosystem services in these regions and of these ecological zones.. |
| 431. |
Kentaka Aruga, Shunsuke Managi, Testing the international linkage in the platinum-group metal futures markets, RESOURCES POLICY, 10.1016/j.resourpol.2011.09.003, 36, 4, 339-345, 2011, 2011.12, This study tests whether an international market exists in the platinum-group metal (PGM) futures markets. For this purpose, we tested the law of one price (LOP) and the causality between the U.S. and Japanese platinum and palladium futures markets. We also performed the test when structural breaks are considered. Long-run price relationships were found in both platinum and palladium markets but the LOP only sustained in the palladium market. The causality test revealed that it is the U.S. market that leads the price to transmit information between the U.S. and Japanese markets. Structural breaks had large impacts on the test results, suggesting that incorporating breaks is important when investigating the international price linkage in the PGM futures markets. (C) 2011 Elsevier Ltd. All rights reserved.. |
| 432. |
Carlos Pestana Barros, Shunsuke Managi, Yuichiro Yoshida, HETEROGENEITY ON THE TECHNICAL EFFICIENCY IN JAPANESE AIRPORTS, SINGAPORE ECONOMIC REVIEW, 10.1142/S0217590811004419, 56, 4, 523-534, 2011.12, This paper evaluates the production activities of Japanese airports by using a finite mixture model that allows controlling for unobserved heterogeneity. In doing so, a stochastic frontier latent class model, which allows the existence of different technologies, is adopted to estimate production frontiers. This procedure not only enables the identification of different groups of Japanese airports but also permits the analysis of their production efficiency. The main result is that there are two groups of Japanese airports, both following completely different "technologies" to obtain passengers and cargo, suggesting that business strategies need to be adapted to the characteristics of the airports. Some managerial implications are developed.. |
| 433. |
Surender Kumar, Shunsuke Managi, Non-separability and substitutability among water pollutants: evidence from India, ENVIRONMENT AND DEVELOPMENT ECONOMICS, 10.1017/S1355770X11000283, 16, 709-733, 2011.12, The design and implementation of environmental policy often involve more than one pollutant, and must consider pollution as a byproduct of the production of marketable output. In this paper, we test the implicit assumption in the empirical literature that (1) production of marketable output, pollution and abatement are separable, and (2) different pollutants can be abated separately. Using unique plant-level data in India, we reject the null hypotheses of separability between marketable output and pollutants, and between different pollutants. Firms must incur abatement costs for reducing pollution levels. In addition, complement and substitute relationships between water pollutants are demonstrated with statistical significance.. |
| 434. |
Kentaka Aruga, Shunsuke Managi, Price linkages in the copper futures, primary, and scrap markets, RESOURCES CONSERVATION AND RECYCLING, 10.1016/j.resconrec.2011.08.010, 56, 1, 43-47, 2011.11, This study investigates how markets for different levels of copper purity are interrelated by testing the long-run price linkage and causalities among the copper futures, primary, copper scrap, and brass scrap markets. It is expected that copper markets that deal with high purity levels, such as the futures, primary, and copper scrap markets, have a long-run relationship. However, brass scrap markets where copper with a lower purity is traded may not have a price linkage with other copper markets. The results reveal that a long-run relationship holds between the futures, primary, and copper scrap markets but the brass scrap market does not have a long-run relationship with the other markets. From the short-run and long-run causality tests, we determine that the futures market plays an important role in transmitting price information to other copper markets while such information flow is not found for the brass scrap market. (C) 2011 Elsevier B.V. All rights reserved.. |
| 435. |
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. |
| 436. |
Hidemichi Fujii, Shunsuke Managi, Hiromitsu Kawahara, The pollution release and transfer register system in the US and Japan: an analysis of productivity, JOURNAL OF CLEANER PRODUCTION, 10.1016/j.jclepro.2011.01.010, 19, 12, 1330-1338, 2011.08, This study analyzes Total Factor Productivity (TFP), which includes all categories of productivity. Our measure investigates productivity in the context of the provision and dissemination of environmental information policies. We investigated data on the emission of toxic chemical substances for the U.S. and Japanese manufacturing firms, including 386 firms for the period 1999-2007 and 466 firms for the period 2001-2008. The results show that productivity improved in all nine industrial sectors and that pollution levels were high in the U.S. and Japan from 2001 to 2007. In particular, the electronics industry improved rapidly after 2002 in both countries, which may be attributed to the enforcement of RoHS and the REACH directive in Europe. As a result of these stringent policies on toxic chemical emissions, the U.S. and Japanese firms, many of which export to the European market, have strong incentives to reduce their toxic chemical emissions. (C) 2011 Elsevier Ltd. All rights reserved.. |
| 437. |
Potential Climate Effect on Japanese Rice Productivity
© 2011 World Scientific Publishing Company. Adaptation to climate change has become an important policy question in recent years. Agriculture is an economic activity that is most sensitive to climate change. We evaluate the dynamic effects of productivity change and individual efforts to adapt to climate change. Adaptation actions in agriculture are evaluated to determine how the climate affects production efficiency. In this paper, we use the bi-directional distance function method to measure Japanese rice production loss due to climate. We find that (1) accumulated precipitation has the greatest effect on rice production efficiency and (2) the climate effect on rice production efficiency decreases over time. Our results empirically support the benefit of the adaptation approach.. |
| 438. |
Tests on price linkage between the U.S. and Japanese gold and silver futures markets
We tested the price linkage, the law of one price (LOP) condition, and the causality of the price linkage between the U.S. and Japanese gold and silver futures markets with consideration of structural breaks in the price series. The LOP condition did not hold for both the gold and silver markets when structural breaks were not considered but it sustained in some periods when it was tested for the break periods. We found from the causality test that the price linkage between the U.S. and Japanese gold and silver futures markets were led by the U.S. market.. |
| 439. |
Shunsuke Managi, Technology, natural resources and economic growth: Improving the environment for a greener future, Technology, Natural Resources and Economic Growth: Improving the Environment for a Greener Future, 10.4337/9781849807418, 1-435, 2011.07, Through a combination of global data analysis and focused country level analysis, this timely book provides answers to the most pertinent country and industry specific questions defining the current relationship between technology, natural resources and economic growth.. |
| 440. |
Hirofumi Fukuyama, Yuichiro Yoshida, 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, The problem of modal choice between rail and air arises as public awareness of carbon dioxide (CO2) emissions by the transportation sector rises. In this paper, we answer this question quantitatively by performing an efficiency benchmarking analysis that takes into account life-cycle CO2 emission due to transport service provision. The paper employs nonparametric efficiency estimation methods, namely a slacks-based inefficiency measure, as well as a more conventional directional distance function approach. We apply them to a panel data set for three major railway companies and the aviation sector in Japan for the period from 1999 to 2007. Results shows that, contrary to the common argument, air transport can still be more socially efficient than rail transport, even when the environmental load due to CO2 emission is incorporated. This is due to the aviation sector's extremely low user cost, measured in terms of in-vehicle time. In other words, aviation is a necessary transportation mode for those with a very high willingness to pay for their time. © 2011 Springer.. |
| 441. |
低炭素社会への道：政策とビジネスとのリンケージ. |
| 442. |
A. George Assaf, Carlos Pestana Barros, Shunsuke Managi, Cost efficiency of Japanese steam power generation companies: A Bayesian comparison of random and fixed frontier models, APPLIED ENERGY, 10.1016/j.apenergy.2010.09.022, 88, 4, 1441-1446, 2011.04, This study analyses and compares the cost efficiency of Japanese steam power generation companies using the fixed and random Bayesian frontier models. We show that it is essential to account for heterogeneity in modelling the performance of energy companies. Results from the model estimation also indicate that restricting CO(2) emissions can lead to a decrease in total cost. The study finally discusses the efficiency variations between the energy companies under analysis, and elaborates on the managerial and policy implications of the results. (C) 2010 Elsevier Ltd. All rights reserved.. |
| 443. |
Takayoshi Shinkuma, Shunsuke Managi, 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, A system requiring a waste management license from an enforcement agency has been introduced in many countries. A license system is usually coupled with fines, a manifest, and a disposal tax. However, these policy devices have not been integrated into an optimal policy. In this paper we derive an optimal waste management policy by using those policy devices. Waste management policies are met with three difficult problems: asymmetric information, the heterogeneity of waste management firms, and non-compliance by waste management firms and waste disposers. The optimal policy in this paper overcomes all three problems.. |
| 444. |
小谷 浩示, 田中 健太, 馬奈木 俊介, Cooperative choice and its framing effect under threshold uncertainty in a provision point mechanism, Economics & Management Series, 2011.03, This paper explores how threshold uncertainty affects cooperative behaviors in each of public goods provision and public bads prevention. The following facts motivate our study. First, resource and environmental problems can be either framed as public bads prevention or public goods provision. Second, the occurrence of these problems is characterized by the existence of thresholds which is interchangeably represented by "nonconvexity," "bifurcation," "bi-stability," or "catastrophes." Third, the location of such a threshold is mostly unknown to observers. We employ a provision point mechanism with threshold uncertainty, and analyze the response of cooperative behaviors to uncertainty and to the framing in each type of social preferences categorized by a value orientation test. We find that aggregate framing effects are negligible, though response to the frame is opposite to the type of social preference in each subject. "Cooperative" subjects become more cooperative in negative frames than in positive frames, while "individualistic" subjects are less cooperative in negative frames than in positive ones. This implies that insigni cance of the aggregate framing effect arises from the behavioral asymmetry. We also find the percentage of cooperative choices non-monotonically varies with the degree of threshold uncertainty, irrespective of framing and value orientation. More specifcally, the degree of cooperation is highest in the intermediate level of threshold uncertainty, whereas it sharply drops as the uncertainty becomes suffciently large.. |
| 445. |
Akira Hibiki, Shunsuke Managi, Does the housing market respond to information disclosure?: Effects of toxicity indices in Japan, Journal of Environmental Management, 10.1016/j.jenvman.2010.08.018, 92, 1, 165-171, 2011.01, The policy instruments that provide information on a firm's or facility's environmental performance, such as the U.S. Toxic Release Inventory (TRI) and the Pollutant Release and Transfer Register system (PRTRs) used in some European countries and Japan, play an important role in encouraging firms or facilities to improve their environmental performance, if investors, consumers and residents recognize their environmental performance. This study uses a hedonic approach to explore how the Japanese rental housing market responds to carcinogenic risk arising from releases and transfers of chemical substances produced and used at close facilities. We found that residents do not perceive carcinogenic risk generated more than 1.0 km away from their residence and that they seem to recognize the increased carcinogenic risk at distances from 0.5 km to 1.0 km away
a 1% increase in carcinogenic risk reduces the average rent by 0.0007%. The distance at which residents perceive the risk arising from such facilities is less than in previous studies. This suggests that the risk perception recognized in previous studies may capture the other externalities in addition to the chemical risk because the risk is measured by the distance. © 2010 Elsevier Ltd.. |
| 446. |
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. |
| 447. |
Takayoshi Shinkuma, Shunsuke Managi, Waste and recycling: Theory and empirics, Waste and Recycling: Theory and Empirics, 10.4324/9780203828014, 1-154, 2011.01, As –business as usual— has become the mantra of today's world, it's unlikely to see a decrease in hazardous waste generated from greater economic growth. Written by renowned experts, the book suggests a solution, supported by theoretical arguments to this waste problem. The book discusses how main problems for waste management can be addressed through appropriate policies adopted by governments in OECD countries.
The book also raises thoughtful questions on how household waste management services should be privatized and who should pay for the disposal and recycling costs. It attempts to answer these questions. The book considers several factors hindering the first-best optimal outcome and highlights two crucial ones. It elaborates further with models and the solutions on how to overcome these obstacles.
The book covers not only traditional resource economics and waste management, but also the recent problem of Electric waste (E-waste) and illustrates in details, how the environments of developing countries are inevitably polluted even with the Basel ban Amendment in place. The book proposes an alternative international trading regulation to address E-waste. This book will certainly appeal to industry decision-makers, policy makers and legislators.. |
| 448. |
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. |
| 449. |
Tetsuya Tsurumi, Shunsuke Managi, Does energy substitution affect carbon dioxide emissions - Income relationship?, JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, 10.1016/j.jjie.2010.01.005, 24, 4, 540-551, 2010.12, Tsurumi, Tetsuya, and Managi, Shunsuke-Does energy substitution affect carbon dioxide emissions - Income relationship?
Considerable discussion has taken place during the last decade regarding the role of economic growth in determining environmental quality. Using data from 30 OECD countries for the period 1960-2003 and the nonparametric method of generalized additive models, which enables us to use flexible functional forms, this paper examines the environmental Kuznets curve hypothesis for carbon dioxide (CO(2)). We find that the reduction of coal share in energy use has a significant effect on CO(2). Our results imply that economic growth is not sufficient to decrease CO(2) emissions. J. Japanese Int. Economies 24 (4) (2010) 540-551. Graduate School of Environmental Studies, Tohoku University, 6-6-20 Aramaki-Aza Aoba, Aoba-Ku, Sendai 980-8579, Japan: Institute for Global Environmental Strategies, 2108-11 Kamiyamaguchi, Hayama, Kanagawa 240-0115, Japan. (C) 2010 Elsevier Inc. All rights reserved.. |
| 450. |
Makiko Nakano, Shunsuke Managi, PRODUCTIVITY ANALYSIS WITH CO2 EMISSIONS IN JAPAN, PACIFIC ECONOMIC REVIEW, 10.1111/j.1468-0106.2010.00526.x, 15, 5, 708-718, 2010.12, This article measures Japanese prefectures' productivity from 1991 to 2002, taking CO2 emissions into consideration, and examines the factors that impact on productivity. We use the data envelopment analysis and measure the Luenberger productivity indicator, incorporating CO2 emissions in the analysis. Our results show that productivity was decreasing during the period of investigation. According to the results of the generalized method of moment estimation, the operations rate, the share of the energy intensive industries and social capital significantly impact on productivity.. |
| 451. |
Carlos Pestana Barros, Shunsuke Managi, Yuichiro Yoshida, TECHNICAL EFFICIENCY, REGULATION AND HETEROGENEITY IN JAPANESE AIRPORTS, PACIFIC ECONOMIC REVIEW, 10.1111/j.1468-0106.2010.00524.x, 15, 5, 685-696, 2010.12, In this paper, the random stochastic frontier model is used to estimate the technical efficiency of Japanese airports, with regulation and heterogeneity included in the variables. The airports are ranked according to their productivity for the period 1987-2005 and homogeneous and heterogeneous variables in the cost function are disentangled. Policy implications are derived.. |
| 452. |
環境政策における市場の機能と予算配分. |
| 453. |
Michael Rock, James T. Murphy, Rajah Rasiah, Paul van Seters, Shunsuke Managi, Erratum to A hard slog, not a leap frog: Globalization and sustainability transitions in developing Asia [Technol. Forecast. Soc. Change, 76, (2009), 241-254], Technological Forecasting and Social Change, 10.1016/j.techfore.2010.06.022, 77, 7, 1194, 2010.09. |
| 454. |
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. |
| 455. |
Carlos Pestana Barros, Shunsuke Managi, Yuichiro Yoshida, Productivity growth and biased technological change in Japanese airports, TRANSPORT POLICY, 10.1016/j.tranpol.2010.01.009, 17, 4, 259-265, 2010.08, In this paper, the productivities of Japanese airports over the period of 1987-2005 are analyzed using the Malmquist index, and technological bias is investigated. During this period, airports on average became less efficient and experienced technological regress. Our results indicate that the traditional growth accounting method, which assumes Hicks neutral technological change, is not appropriate for analyzing changes in productivity for Japanese airports. (C) 2010 Elsevier Ltd. All rights reserved.. |
| 456. |
Fujii, H, Kaneko, S, Managi, S, Changes in Environmentally Sensitive Productivity and Technological Modernization in China’s Iron and Steel Industry in the 1990s, Environmental and Development Economics, 10.1017/S1355770X10000173, 15, 485-504, 2010.08, Technological modernization is widely believed to contribute positively both to economic development and to environmental and resource conservation, through improvements in productivity and strengthening of business competitiveness. However, this may not always be true, particularly in the short term, as it requires substantial investments and may impose financial burdens on firms undertaking such investments. This study empirically examines the effects of technological modernization in China's iron and steel industry in the 1990s on conventional economic productivity (CEP) and environmentally sensitive productivities (ESPs). We employ a directional distance function that can handle multiple inputs and outputs to compute relative production efficiencies. We apply these models to the data covering 27 iron and steel firms in China between 1990 and 1999-a period when the Chinese iron and steel industry modernized rapidly. We find that ESPs have continuously improved, even in the period when the CEP declined. © 2010 Cambridge University Press.. |
| 457. |
Takayoshi Shinkuma, Shunsuke Managi, On the effectiveness of a license scheme for E-waste recycling: The challenge of China and India, ENVIRONMENTAL IMPACT ASSESSMENT REVIEW, 10.1016/j.eiar.2009.09.002, 30, 4, 262-267, 2010.07, It is well known that China and India have been recycling centers of WEEE, especially printed circuit boards, and that serious environmental pollution in these countries has been generated by improper recycling methods. After the governments of China and India banned improper recycling by the informal sector, improper recycling activities spread to other places. Then, these governments changed their policies to one of promoting proper recycling by introducing a scheme, under which E-waste recycling requires a license issued by the government. In this paper, the effectiveness of that license scheme is examined by means of an economic model. It can be shown that the license scheme can work effectively only if disposers of E-waste have a responsibility to sell E-waste to license holders. Our results run counter to the idea that international E-waste trade should be banned and provide an alternative solution to the problem. (C) 2009 Elsevier Inc. All rights reserved.. |
| 458. |
Surender Kumar, Shunsuke Managi, Environment and productivities in developed and developing countries: The case of carbon dioxide and sulfur dioxide, JOURNAL OF ENVIRONMENTAL MANAGEMENT, 10.1016/j.jenvman.2010.03.003, 91, 7, 1580-1592, 2010.07, We propose a productivity index for undesirable outputs such as carbon dioxide (CO2) and sulfur dioxide (SO2) emissions and measure it using data from 51 developed and developing countries over the period 1971-2000. About half of the countries exhibit the productivity growth. The changes in the productivity index are linked with their respective per capita income using a semi-parametric model. Our results show technological catch up of low-income countries. However, overall productivities both of SO2 and CO2 show somewhat different results. (C) 2010 Elsevier Ltd. All rights reserved.. |
| 459. |
Surender Kumar, 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, The conventional measures of benchmarking focus mainly on the water produced or water delivered, and ignore the service quality, and as a result the 'low-cost and low-quality' utilities are rated as efficient units. Benchmarking must credit utilities for improvements in service delivery. This study measures the performance of 20 urban water utilities using data from an Asian Development Bank survey of Indian water utilities in 2005. It applies data envelopment analysis to measure the performance of utilities. The results reveal that incorporation of a quality dimension into the analysis significantly increases the average performance of utilities. The difference between conventional quantity-based measures and quality-adjusted estimates implies that there are significant opportunity costs of maintaining the quality of services in water delivery.. |
| 460. |
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. |
| 461. |
Tetsuya Tsurumi, 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, 2010.03, This study decomposed the determinants of environmental quality into scale, technique, and composition effects. We applied a semiparametric method of generalized additive models, which enabled us to use flexible functional forms and include several independent variables in the model. The differences in the technique effect were found to play a crucial role in reducing pollution. We found that the technique effect was sufficient to reduce sulfur dioxide emissions. On the other hand, its effect was not enough to reduce carbon dioxide (CO2) emissions and energy use, except for the case of CO2 emissions in high-income countries. © 2010 Springer.. |
| 462. |
Environmental information provision, market valuation, and firm incentives: An empirical study of the Japanese PRTR system
The environmental performance of a listed firm could affect its level of investment in pollution prevention and its access to financial markets. Previous studies using Tobin's q that explore market response to environmental performance do not distinguish between the impact of performance on investment and market response, which may mislead conclusions. To overcome this problem, we simultaneously estimate the functions of the intangible asset, the replacement cost, and the toxic chemical risk. We find that the Japanese financial market does not value risk associated with toxic chemical releases. Nevertheless, even without market valuation, firms increase investment to reduce pollution. © 2010 by the Board of Regents of the University of Wisconsin System.. |
| 463. |
Surender Kumar, Shunsuke Managi, Sulfur dioxide allowances: Trading and technological progress, ECOLOGICAL ECONOMICS, 10.1016/j.ecolecon.2009.09.013, 69, 3, 623-631, 2010.01, The US Clean Air Act Amendments introduce an emissions trading system to regulate SO(2) emissions. This study finds that changes in SO(2) emissions prices are related to innovations induced by these amendments. We find that electricity-generating plants are able to increase electricity output and reduce emissions of SO(2) and NO(x) from 1995 to 2007 due to the introduction of the allowance trading system. However, compared to the approximate 8% per year of exogenous technological progress, the induced effect is relatively small, and the contribution of the induced effect to overall technological progress is about 1-2%. (C) 2009 Elsevier B.V. All rights reserved.. |
| 464. |
Carlos Pestana Barros, Shunsuke Managi, Roman Matousek, Productivity growth and biased technological change: Credit banks in Japan, Journal of International Financial Markets, Institutions and Money, 10.1016/j.intfin.2009.07.006, 19, 5, 924-936, 2009.12, This paper investigates the productivity change of Japanese credit banks with a Malmquist index and the input technological bias during 2000-2006. Our results indicate that the traditional growth accounting method, which assumes Hicks neutral technological change, is not appropriate for analyzing changes in productivity. Our analysis unambiguously shows that management of Shinkin banks has to be improved. These must be based on the improvement of technical efficiency and/or technological change, emulating the procedures of the best-practice banks, i.e., those banks with Malmquist productivity scores higher than one and simultaneously with technical efficiency and technological change higher than one. Crown Copyright © 2009.. |
| 465. |
Barros C.P., Shunsuke Managi, "Productivity Assessment of Angola's Oil Blocks", Energy, 34 (11), 2009-2015, 2009.11. |
| 466. |
Surender Kumar, Shunsuke Managi, Energy price-induced and exogenous technological change: Assessing the economic and environmental outcomes, RESOURCE AND ENERGY ECONOMICS, 10.1016/j.reseneeco.2009.05.001, 31, 4, 334-353, 2009.11, In this paper, we distinguish between factor/output substitution and shifts in the production technology frontier. Our model includes the by-products of carbon dioxide and sulfur dioxide emissions where the function requires the simultaneous expansion of good outputs and reductions in emissions. We estimate a directional output distance function for 80 countries over the period 1971-2000 to measure the exogenous and oil price-induced technological change. On average, we find substantial oil price-induced technological progress at the world level when long-term oil prices are rising, although the growth rate is more volatile in developed countries than in developing countries. The results also show that developed countries experience higher exogenous technological progress in comparison with developing countries, and the gap between the two has increased during the period of our study. (C) 2009 Elsevier B.V. All rights reserved.. |
| 467. |
Shunsuke Managi, Akira Hibiki, Tetsuya Tsurumi, Does trade openness improve environmental quality?, JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 10.1016/j.jeem.2009.04.008, 58, 3, 346-363, 2009.11, The literature on trade openness, economic development, and the environment is largely inconclusive about the environmental consequences of trade. This study treats trade and income as endogenous and estimates the overall impact of trade openness on environmental quality using the instrumental variables technique. We find that whether or not trade has a beneficial effect on the environment varies depending on the pollutant and the country. Trade is found to benefit the environment in OECD countries. It has detrimental effects, however, on sulfur dioxide (SO(2)) and carbon dioxide (CO(2)) emissions in non-OECD countries, although it does lower biochemical oxygen demand (BOD) emissions in these countries. We also find the impact is large in the long term, after the dynamic adjustment process, although it is small in the short term. (C) 2009 Elsevier Inc. All rights reserved.. |
| 468. |
Carlos Pestana Barros, Shunsuke Managi, Productivity assessment of Angola's oil blocks, ENERGY, 10.1016/j.energy.2009.08.016, 34, 11, 2009-2015, 2009.11, This paper analyzes the change in productivity as a result of Angola oil policy from 2001 to 2007. Angola oil blocks are the main source of tax receipts and, therefore, strategically important for public finances. A Malmquist index with the input technological bias is applied to measure productivity change. Oil blocks on average became both more efficient and experienced technological progress. Our results indicate that the traditional growth accounting method, which assumes Hicks neutral technological change, is not appropriate for analyzing changes in productivity for Angola oil blocks. Policy implications are derived. (C) 2009 Elsevier Ltd. All rights reserved.. |
| 469. |
Surender Kumar, Shunsuke Managi, Compensation for environmental services and intergovernmental fiscal transfers: The case of India, ECOLOGICAL ECONOMICS, 10.1016/j.ecolecon.2009.07.009, 68, 12, 3052-3059, 2009.10, This paper studies mechanisms to compensate local government for the public provision of environmental services using the theory of optimal fiscal transfers in India. Especially, we analyzed the role of intergovernmental fiscal transfers in achieving the environmental goal. Simply assigning the functions at appropriate levels does not ensure optimal provision of environmental services. Optimality in resource allocation could be achieved by combining the assignment system with an appropriate compensation mechanism. Intergovernmental fiscal transfers would be a suitable mechanism for compensating the local governments and help in internalizing the spillover effects of providing environmental public goods. Illustrations are also provided for India. (C) 2009 Elsevier B.V. All rights reserved.. |
| 470. |
Subjective Well-Being Index and Environment
Recently, researches start to analyze subjective happiness index. This study examines the effect of environmental protection on happiness after eliminating the effect of economic factor such as Gross domestic products and unemployment. We analyze four environmental indices: local pollutants of suspended particulate matters (PM10) and sulfur dioxide (SO2) and global environmental indices of energy use and carbon dioxide. The result implies that only the deterioration of pollution level of PM10 and SO2 have a negative effect on happiness, and reduction of these pollutants contribute to improve happiness.. |
| 471. |
Carlos Pestana Barros, Shunsuke Managi, Regulation, pollution and heterogeneity in Japanese steam power generation companies, ENERGY POLICY, 10.1016/j.enpol.2009.04.003, 37, 8, 3109-3114, 2009.08, In this paper, the random stochastic frontier model is used to estimate the technical efficiency of Japanese steam power generation companies taking into regulation and pollution. The companies are ranked according to their productivity for the period 1976-2003 and homogenous and heterogeneous variables in the cost function are disentangled. Policy implication is derived. (C) 2009 Elsevier Ltd. All rights reserved.. |
| 472. |
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. |
| 473. |
Shunsuke Managi, Surender Kumar, Trade-induced technological change: Analyzing economic and environmental outcomes, ECONOMIC MODELLING, 10.1016/j.econmod.2009.02.002, 26, 3, 721-732, 2009.05, We analyze how changes in trade openness are related to induced technological innovations that are not only GDP increasing but also pollution saving. Our model includes by-products of carbon dioxide and sulfur dioxide emissions. We estimate a directional distance function for 76 countries over the period 1963-2000 to measure exogenous and trade-induced technological change. On average, we find substantial trade-induced technological progress, and its magnitude is about one third of the overall technological change. The trade-induced technological changes, however, are GDP reducing and pollution increasing. Empirically, we find that increased trade openness correlates to increased pollution. (C) 2009 Elsevier B.V. All rights reserved.. |
| 474. |
Shunsuke Managi, Shinji Kaneko, Environmental performance and returns to pollution abatement in China, ECOLOGICAL ECONOMICS, 10.1016/j.ecolecon.2008.04.005, 68, 6, 1643-1651, 2009.04, Because of China's extremely rapid economic growth, the scale and seriousness of environmental problems is no longer in doubt. Whether pollution abatement technologies are utilized more efficiently is crucial in the analysis of environmental management in China. This study analyzes how the performance of environmental management has changed over time using province level data for 1992-2003. Mixed results for environmental performance are shown using nonparametric estimation technique. We find that environmental performance index, abatement effort, and increasing returns to pollution abatement play important roles in determining the pollution level over the period of the study. (c) 2008 Elsevier B.V. All rights reserved.. |
| 475. |
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. |
| 476. |
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. |
| 477. |
Michael Rock, James T. Murphy, Rajah Rasiah, Paul van Seters, Shunsuke Managi, A hard slog, not a leap frog: Globalization and sustainability transitions in developing Asia, TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 10.1016/j.techfore.2007.11.014, 76, 2, 241-254, 2009.02, Now does globalization influence transitions toward more sustainable socio-technical regimes in the developing world? This paper argues that transformations of regimes, the networks and institutions governing technological and environmental practices in an industry, can be positively influenced by globalization but it depends on how global forces interact with local solo-political landscapes-the political-economic institutions, values, and regulations broadly guiding an economy and its relationship to the environment. We evaluate these relationships through a comparison of two kinds of socio-political landscapes-the neo-liberal export-led development model commonly found in the developing world and the uniquely Asian capitalist developmental state. We first show how the neo-liberal model overemphasizes the power of market forces to facilitate upgrading and more sustainable industrialization. We then argue that capitalist developmental states in East and Southeast Asia have been better able to harness global economic forces for technological and sustainability transitions through an openness to trade and investment and effective public-private institutions able to link cleaner technologies and environmental standards to production activities in firms. We buttress this argument with firm-level evidence showing the evolution of socio-technical regimes in two industries-cement and electronics. The case studies demonstrate how interactions with OECD firms can contribute to environmental technique effects provided the socio-political landscape is amenable to changes in an industry's regime. Ultimately, we find the process of transition to be complex and contingent; a hard slog not a leap frog toward a potentially more sustainable future. We close by considering the limitations on the capitalist developmental state model and with comments about what else needs to be learned about globalization's role in sustainability transitions. (c) 2008 Elsevier Inc. All rights reserved.. |
| 478. |
Surender Kumar, Shunsuke Managi, Introduction, ECONOMIC AND INDUSTRIAL DEMOCRACY, 10.1177/0143831X08099441, 30, 1, 5-7, 2009.02, Surender Kumar, Shunsuke Managi, 2009, 'Introduction', The Economics of Sustainable Development, pp. 1-7. |
| 479. |
Carlos Pestana Barros, Ade Ibiwoye, Shunsuke Managi, PRB Population Reference Bureau, AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT, 10.1111/j.1467-8268.2008.00196.x, 20, 3, 505-528, 2008.12, The aim of this paper is to estimate the productivity change of Nigerian insurance companies and to rank the companies analysed in the sample according to their productivity score. This benchmark exercise provides the companies analysed with a view of how their relative productivity can be upgraded. For this purpose, the non-parametric Luenberger productivity model is used. For comparative purposes, the non-parametric Luenberger-Hicks-Moorsteen productivity indicator is also used. The companies are ranked according to their total productivity for the period 1994-2005, using both models, which produce variations in the respective results. Economic implications arising from the study are derived.. |
| 480. |
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. |
| 481. |
Shunsuke Managi, Yasutaka Yamamoto, Hiroyuki Iwamoto, Kiyotaka Masuda, 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, 2008.11, Subjective perceptions about a product affect consumer choice. Accordingly, acquiring the underlying demand characteristics that consumers find desirable is vital for firms planning future marketing strategies. However, the extent to which product-specific perceptions affect consumer choice is poorly understood. New agricultural standards for organic livestock were introduced in Japan in November 2005 and are expected to influence the market significantly. Choice modeling (CM) is used to explore how consumers evaluate the latent demands and conventional attributes (or tangible values) of organic milk. The results suggest that latent demands, along with socioeconomic characteristics and conventional attributes, provide strong incentives for consumers to move from the purchase of conventional milk to organic milk. The analysis indicates that latent demands reflecting the safeness of organic milk, the better taste of organic milk, the image of environmental friendliness in the production process, and the image of the health and comfort of the cows are important factors that influence consumers' purchasing decisions. However, each specific factor has a corresponding conventional tangible attribute that needs to be targeted in marketing strategy.. |
| 482. |
Further investigations of framing effects on cooperative choices in a provision point mechanism
We investigate whether framing effects of voluntary contributions are significant in a provision point mechanism. Our results show that framing significantly affects individuals of the same type: cooperative individuals appear to be more cooperative in the public bads game than in the public goods game, whereas individualistic subjects appear to be less cooperative in the public bads game than in the public goods game. At the aggregate level of pooling all individuals, the data suggests that framing effects are negligible, which is in contrast with the established result.. |
| 483. |
Corporate Social Responsibility and Evaluation of Firms
Object of this study is to understand how corporate social responsibility is related to firm' intangible asset. This study applies the ratings by Sustainable Management Rating Institutes and identifies the correlation to Tobin's q. We find positive correlation with compliance of the law, firm' culture, rules of organizations, transportation, and sustainable management.. |
| 484. |
Reduction of C02 emissions by utilizing public transportation systems. |
| 485. |
環境科学の到達点と今後. |
| 486. |
Shunsuke Managi, Pradyot Ranjan Jena, Environmental productivity and Kuznets curve in India, ECOLOGICAL ECONOMICS, 10.1016/j.ecolecon.2007.07.011, 65, 2, 432-440, 2008.04, As a result of India's extremely rapid economic growth, the scale and seriousness of environmental problems are no longer in doubt. Whether pollution abatement technologies are utilized more efficiently is crucial in the analysis of environmental management because it influences the cost of alternative production and pollution abatement technologies. in this study, we use state-level industry data of sulfur dioxide, nitrogen dioxide, and suspended particular matter over the period 1991-2003. Employing recently developed productivity measurement technique, we show that overall environmental productivities decrease over time in India. Furthermore, we analyze the determinants of environmental productivities and find environmental Kuznets curve type relationship existences between environmental productivity and income. Panel analysis results show that the scale effect dominates over the technique effect. Therefore, a combined effect of income on environmental productivity is negative. (c) 2007 Elsevier B.V. All rights reserved.. |
| 487. |
Makiko Nakano, Shunsuke Managi, Regulatory reforms and productivity: An empirical analysis of the Japanese electricity industry, ENERGY POLICY, 10.1016/j.enpol.2007.09.003, 36, 1, 201-209, 2008.01, The Japanese electricity industry has experienced regulatory reforms since the mid-1990s. This article measures productivity in Japan's steam power-generation sector and examines the effect of reforms on the productivity of this industry over the period 1978-2003. We estimate the Luenberger productivity indicator, which is a generalization of the commonly used Malmquist productivity index, using a data envelopment analysis approach. Factors associated with productivity change are investigated through dynamic generalized method of moments (GMM) estimation of panel data. Our empirical analysis shows that the regulatory reforms have contributed to productivity growth in the steam power-generation sector in Japan. (c) 2007 Elsevier Ltd. All rights reserved.. |
| 488. |
Ken-Ichi Akao, Shunsuke Managi, Feasibility and optimality of sustainable growth under materials balance, JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 10.1016/j.jedc.2007.01.013, 31, 12, 3778-3790, 2007.12, Pollution from consumption and production is an inevitable part of economic processes. We employ a materials balance approach and develop an endogenous growth theory, with recycling activity, to examine the evolution of the economic and environment systems. This paper provides feasibility and optimality conditions for sustainable economic growth with rising environmental quality. The fundamental condition of feasibility is that the flow of natural resources, which eventually returns to the environment as waste and pollution, has a negative growth rate in the long run. (C)2007 Elsevier B.V. All rights reserved.. |
| 489. |
Shunsuke Managi, Maritime shipping industry and productivity in Japan, Maritime Economics and Logistics, 10.1057/palgrave.mel.9100187, 9, 4, 291-301, 2007.12, The maritime shipping industry has experienced significant technological and management changes over the past several decades. This study analyses the total factor productivity of Japans shipping industry by applying the Luenberger productivity indicator from 1996 to 2005. This is a nonparametric frontier analysis technique, which allows for inefficiency of the production unit. We find large productivity increases in three major maritime shipping firms in Japan, although the magnitudes are different among firms and the general industry trend is declining. © 2007 Palgrave Macmillan Ltd All rights reserved.. |
| 490. |
Nikolay K. Vitanov, Kenshi Sakai, Ivan P. Jordanov, Shunsuke Managi, Katsuhiko Demura, Analysis of a Japan government intervention on the domestic agriculture market, PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 10.1016/j.physa.2007.02.025, 382, 1, 330-335, 2007.08, We investigate an economic system in which one large agent-the Japan government changes the environment of numerous smaller agents-the Japan agriculture producers by indirect regulation of prices of agriculture goods. The reason for this intervention was that before the oil crisis in 1974 Japan agriculture production prices exhibited irregular and large amplitude changes. By means of analysis of correlations and a combination of singular spectrum analysis (SSA), principal component analysis (PCA), and time delay phase space construction (TDPSC) we study the influence of the government measures on the domestic piglet prices and production in Japan. We show that the government regulation politics was successful and lead: (i) to a decrease of the nonstationarities and to increase of predictability of the piglet price; (ii) to a coupling of the price and production cycles; and (iii) to increase of determinism of the dynamics of the fluctuations of piglet price around the year average price. The investigated case is an example confirming the thesis that a large agent can change in a significant way the environment of the small agents in complex (economic or financial) systems which can be crucial for their survival or extinction. (C) 2007 Elsevier B.V. All rights reserved.. |
| 491. |
Syahyadia, Kaneko S., Shunsuke Managi, "Income Inequality Changes during periods of Economic Recovery in Indonesia.", Empirical Economics Letters, 6(4), 307-313, 2007.04. |
| 492. |
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. |
| 493. |
Kenshi Sakai, Shunsuke Managi, Nikolay K. Vitanov, Katsuhiko Demura, Transition of chaotic motion to a limit cycle by intervention of economic policy: An empirical analysis in agriculture, Nonlinear Dynamics, Psychology, and Life Sciences, 11, 2, 253-265, 2007.04, This paper investigates the transition of dynamics observed in an actual real agricultural economic dataset. Lyapunov spectrum analysis is conducted on the data to distinguish deterministic chaos and the limit cycle. Chaotic and periodic oscillation were identified before and after the second oil crisis, respectively. The statitonarity of the time series is investigated using recurrence plots. This shows that government intervention might reduce market instability by removing a chaotic market's long-term unpredictability. © 2007 Society for Chaos Theory in Psychology &
Life Sciences.. |
| 494. |
Productivity and environment in India
As a result of this India's extremely rapid economic growth, the scale of environmental problems is no longer in doubt. Whether pollution abatement managements are efficiently controlled is an empirical question. Using recently developed productivity measurement technique, we show that overall environmental productivity decreases over time in India. At present, the existing environmental management is not sufficient to bring about sustainable. development in India.. |
| 495. |
Shunsuke Managi, Kaneko S., "Productivity of Market and Environmental Abatement in China.", Environmental Economics and Policy Studies, 7 (4), 459-470, 2006, 2006.12. |
| 496. |
Shunsuke Managi, James J. Opaluch, Di Jin, Thomas A. Grigalunas, Stochastic frontier analysis of total factor productivity in the offshore oil and gas industry, ECOLOGICAL ECONOMICS, 10.1016/j.ecolecon.2005.11.028, 60, 1, 204-215, 2006.11, We examine the impact of technological change on oil and gas exploration, development and production in the Gulf of Mexico over the past five decades. We analyze the effect of technological change on the production frontier using a unique field-level data set covering 1947 through 1998. We then develop estimates of the growth in total factor productivity (TFP) in the industry at the regional level from 1976 to 1995. To address the unique features of this marine resource industry, we include in our models some key geological variables such as water depth and field size. In addition, the results reveal that environmental regulation had a significantly negative impact on offshore production, although such impact has been diminishing over time. (c) 2005 Elsevier B.V. All rights reserved.. |
| 497. |
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. |
| 498. |
Shunsuke Managi, Are there increasing returns to pollution abatement? Empirical analytics of the Environmental Kuznets Curve in pesticides, ECOLOGICAL ECONOMICS, 10.1016/j.ecolecon.2005.08.011, 58, 3, 617-636, 2006.06, According to the Environmental Kuznets Curve (EKC) hypothesis, economic growth and the reduction of environmental degradation are compatible goals. An inverted U-shaped relationship between economic performance and environmental pollution suggests that, empirically, an economy is associated with smaller levels of pollution after some threshold income point. One potential explanation for the empirical evidence of an EKC is increasing returns to pollution abatement, where the abatement efficiency rises with an increase in the scale of abatement. Doubling the clean-up efforts more than doubles the abatement of pollution. As this efficiency gain makes abatement less expensive, pollution might fall as more abatement is undertaken. This study tests the hypothesis that there are increasing returns to abating pollution. Empirical evidence on environmental risks in the US agricultural sector since 1970 support the existence of increasing returns. In addition, I estimate the productivity of pollution abatement using refined empirical productivity measurement methods and explicitly control the level of technology. The results show the importance of including an environmental productivity variable in the EKC framework. (c) 2005 Elsevier B.V. All rights reserved.. |
| 499. |
Akao K., Shunsuke Managi, "Endogenous Growth with Material Balance Principle.", International Journal of Global Environmental Issues, 6 (1), 4-28, 2006.02. |
| 500. |
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. |
| 501. |
Shunsuke Managi, Kaneko, S., Energy and Environmental Productivity Change in China, 28th IAEE International Conference. , 2005.06. |
| 502. |
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. |
| 503. |
S Managi, JJ Opaluch, D Jin, TA Grigalunas, Technological change and petroleum exploration in the Gulf of Mexico, ENERGY POLICY, 10.1016/j.enpol.2003.09.007, 33, 5, 619-632, 2005.03, We examine the impact of technological change on oil and gas exploration in the Gulf of Mexico from 1947 to 1998, using a unique micro-data set. An index variable for technological change is constructed to capture both the number and significance of technological innovations in the offshore industry over the study period. Empirical models of exploration-discovery and of drilling cost are used to assess the effect of technological change at both the field level and the regional level. Our results indicate that technological change played a very significant role in the offshore industry over the past 50 years, increasing reserves and lowering cost. Although depletion effect was dominant over the first two decades, the effect of technological change was able to offset that of resource depletion over the entire 50-year study period. (C) 2003 Elsevier Ltd. All rights reserved.. |
| 504. |
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. |
| 505. |
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. |
| 506. |
Trade liberalization and the environment: Carbon dioxide for 1960-1999
This paper examines the empirical question of whether free trade is harmful or beneficial for the environment. Using a comprehensive panel data for 63 developed and developing countries over 1960 E999, the result for CO2 suggests further trade liberalization will increase the emissions with the elasticity of 0.579. In my best knowledge, this is the first study that estimates the overall effects of trade liberalization to the environment.. |
| 507. |
Environmental productivity in China
Environmental problems are threatening China's sustainable future. China began implementation of several environmental policies for the late 1970s and stringency of the regulations is increasing over time. We utilize a province-level economy wide data set over 1987-2001 to measure various components of productivity within a joint production model, which considers both market and environmental outputs. While productivity level of a joint production is relatively constant over time, environmental productivity decreased, especially during the periods of 1991-1994. This was a period of significant improvements in the economy and productivity for the Chinese market. This inescapable fact directs our attention to a conventionally neglected dimension of productivity, i.e., the less efficient utilization of pollution abatement technologies.. |
| 508. |
Competitiveness and environmental policies for agriculture: Testing the Porter hypothesis
Porter hypothesis suggests tougher environmental regulations could spur technological growth, leading to an increase in productivity of market outputs, simultaneously providing greater environmental protection. This study tests the Porter hypothesis in US agriculture using state level data from 1973 through 1996. Luenberger productivity indexes, which are dual to the profit function and do not require the choice of input-output orientation, are measured with and without environmental factors. This study also tests the direction of causality between technological progress and stringent environmental regulation, and find support for a recast version of the Porter hypothesis, however, reject a standard version of the Porter hypothesis. Copyright © 2004 Inderscience Enterprises Ltd.. |
| 509. |
Complexity of agricultural commodity cycle: A chaotic time series analysis
Most empirical investigations of agricultural markets have been conducted using linear models. Therefore, nonlinear dynamic patterns of the market cannot be predicted based on these models under any circumstances. Consequently, little is known about the role of nonlinear dynamics and the whether we can predict the market both for short- and long-term in agriculture. We utilise the real world data of piglet market data in Japan to understand nonlinear dynamics. The post-second oil crisis data showed that both short- and long-term predictions were possible with a high degree of accuracy. The pre-crisis data showed the possibility of short-term prediction, but the impossibility of long-term prediction. The results implied that the dynamics were chaotic in the pre-crisis period. Since government fixed price system was introduced after the second oil crisis, we conclude that government policy contribute to stabilise the market. Copyright © 2004 Inderscience Enterprises Ltd.. |
| 510. |
Environmental policies for agriculture in Europe
This study analyses the environmental policies in Europe and particularly in Netherlands. Comprehensive analysis of their policy package, which includes environmental taxes, tax exemptions, and the voluntary environmental agreement are provided. Each method does seem to show significant effects to reduce the environmental bads. This paper also presents an economic analysis of the glasshouse horticulture industry in Netherlands focusing on direct and dynamic effects, where direct effect refers to strengthen the cost competitiveness of the industry and dynamic effect refers to the incentives on technological innovations. Copyright © 2004 Inderscience Enterprises Ltd.. |
| 511. |
The impact of subsidies on efficiency and production: Empirical test of forestry in Japan
This study evaluates efficiency of forest management in Japan. Our results show that efficiency of forest management decreases over 25 years period from 1975 to 2000 on an average. The study indicates a substantial variation in efficiency across prefectures with a potential for output saving in the range of 40% on an average. Our econometric results seem to support the hypothesis that government subsidies had an adverse effect on economic performance of forestry sector. More subsidised prefectures were found to exhibit statistically significantly lower levels of efficiency. Copyright © 2004 Inderscience Enterprises Ltd.. |
| 512. |
Shunsuke Managi, Aoyagi S, Horio M, Dynamic Analysis of Japanese Forestry for Renewable Energy Policies, The 8th World Renewable Energy Congress Proceedings., 2004.11. |
| 513. |
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. |
| 514. |
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. |
| 515. |
The efficient frontier for spot and forward purchases: An application to electricity
A local electricity distribution company (LDC) can reduce its exposure to the inherent risks of spot-price volatility and uncertain future demand via forward contracts. Management's problem is to determine the optimal forward-contract purchase. We propose a practical three-stage approach for dealing with the problem. The first stage determines art optimal purchase by solving a cost-constrained risk-minimization problem. The second stage derives the efficient frontier of tradeoffs between expected cost and cost risk from the first-stage solution, at various bounds on the expected cost. The optimal solution is found by melding the frontier with management's risk preferences. In the third stage, the model's parameters are estimated from data typically available to an LDC and used to determine its forward-contract purchase.. |
| 516. |
S Managi, D Karemera, Input and output biased technological change in US agriculture, APPLIED ECONOMICS LETTERS, 10.1080/1350485042000221526, 11, 5, 283-286, 2004.04, Data Envelopment Analysis (DEA) techniques are applied to a state-level data set to measure the total factor productivity in US agriculture over 1960-1996. Total factor productivity is decomposed into input and output biased technological change, efficiency change, and scale change, under both constant return to scale (CRS) and variable return to scale (VRS). Assumption of Hick neutral technological change is discussed. Technological change is found to be the result of efficient use of inputs much more than the effects of output capability increase.. |
| 517. |
S Managi, Luenberger and Malmquist productivity indices in Japan, 1955-1995, APPLIED ECONOMICS LETTERS, 10.1080/1350485032000100170, 10, 9, 581-584, 2003.07, The Luenberger productivity index can simultaneously contract inputs and expand outputs, and is dual to profit maximization. The index is a generalization of the Malmquist productivity index, which is commonly used in productivity studies. Both the Luenberger and Malmquist productivity indices are applied to the prefectural level data in Japan over 1955-1995. If profit maximization assumption is more appropriate than revenue maximization, Malmquist productivity index overestimates productivity changes, since it provides nearly twice growth rate compared to the rate given by the Luenberger productivity index.. |
| 518. |
Shunsuke Managi, "Japan’s Postwar Productivity Analyses.", Empirical Economics Letters 2 (1), 31-39, 2003.01. |
| 519. |
環境効果と経済性を考慮した都市排水処理システムの最適化
ゼロエミッション型の都市構造構築を目指し、公共下水道、合併浄化槽、し尿・雑排水処理、ディスポーザル処理などの家庭由来の排水・ゴミの処理システムについて、LC-C02、コスト、BOD付加等の指標により評価を試みた。. |
| 520. |
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. |
| 521. |
Shunsuke Managi, Resource Depletion and Environmental Policy: Hybrid Modeling of Economics and Engineering Approaches., 10th Asia Pacific Confederation of Chemical Engineering., 2004. |
| 522. |
Shunsuke Managi, Kaneko S., Analysis of Technologies in Economy and Environmental Sectors in China., 10th Asia Pacific Confederation of Chemical Engineering, 2004. |
| 523. |
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. |
| 524. |
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. |
| 525. |
Shunsuke Managi, The impacts of rising energy prices on technological progress. , Research commissioned by the New Energy and Industrial Technology Development Organization (NEDO), 2007. |
| 526. |
Ibiwoye A, Shunsuke Managi, Productivity Change of Nigerian Insurance Companies: 1994-2005, 30(2), 243-254, 2010. |
| 527. |
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. |
| 528. |
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. |
| 529. |
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. |
| 530. |
Barros C.P., Shunsuke Managi, “Do Pollutions Deter Foreign Direct Investment in China?”, International Journal of Ecological Economics & Statistics, 30(3), 37-45, 2013. |
| 531. |
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. |
| 532. |
Barros C.P., Shunsuke Managi, Y. Yoshida, "Technical Efficiency, Regulation, and Heterogeneity in Japanese Airports", Pacific Economic Review, 15 (5), 685-695, 2010. |
| 533. |
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. |
| 534. |
Shunsuke Managi, "Maritime Shipping Industry and Productivity in Japan", Maritime Economics and Logistics, 9 (4), 291-301, 2007. |
| 535. |
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. |
| 536. |
Shunsuke Managi, “Pollution, Natural Resource and Economic Growth: an Econometric Analysis”, International Journal of Global Environmental Issues, 6 (1), 73-88, 2006. |
| 537. |
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. |
| 538. |
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. |
| 539. |
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. |
| 540. |
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. |
| 541. |
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. |
| 542. |
Toyoda T., Shunsuke Managi, “Environmental Policies for Agriculture in Europe.", International Journal of Agricultural Resources, Governance and Ecology, 3 (3/4), 175-192, 2004. |
| 543. |
Shunsuke Managi, "Luenberger and Malmquist Productivity Indices in Japan, 1955-1995.", Applied Economics Letters, 10(9), 581-584, 2003. |
| 544. |
Shunsuke Managi, H.Imura, “Optimization of Urban Infrastructure Systems Considering Environmental Impact and Cost.", Environmental Systems Research 26, 649-654, 1998. |
| 545. |
Compensation for Environmental Services and Intergovernmental Fiscal Transfers in India
Shunsuke Managi, Surender Kumar, 'Compensation for Environmental Services and Intergovernmental Fiscal Transfers in India', SSRN Electronic Journal. |
| 546. |
Productivity and Convergence in India: State Level Analysis
Surender Kumar, Shunsuke Managi, 'Productivity and Convergence in India: State Level Analysis', SSRN Electronic Journal. |
