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ID 31636
file
creator
Nishitani, Kimitaka
Fujii, Hidemichi
subject
Reduction of greenhouse gas emissions
Economic performance
Increase in demand
Improvement in productivity
Instrumental variables model
NDC
Pollution. Environmental engineering
abstract
This paper analyzes how a firm's reduction of its greenhouse gas (GHG) emissions affects its economic performance. The theoretical model used is derived from the Cobb–Douglas production function and the inverse demand function, and predicts that in reducing its GHG emissions, a firm will increase its value added because it promotes an increase in demand for its output and improves its productivity. The estimation results, using data on Japanese manufacturing firms, suggest that the reduction of GHG emissions increases a firm's economic performance only through an increase in demand. Thus, firms can improve their overall economic performance because increased demand accompanies their reduction of GHG emissions, even if they cannot achieve this through an improvement in productivity, as estimates here support the traditional view that reducing GHG emissions imposes additional costs on firms.
journal title
IDEC DP2 Series
volume
Volume 1
issue
Issue 1
start page
1
end page
21
date of issued
2011-08
publisher
広島大学大学院国際協力研究科
SelfDOI
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
department
Graduate School for International Development and Cooperation
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