Japan and the World Economy最新文献

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Impact of the feed-in-tariff exemption on energy consumption in Japanese industrial plants 上网电价豁免对日本工业厂房能源消耗的影响
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2024-03-01 DOI: 10.1016/j.japwor.2024.101241
Aline Mortha , Naonari Yajima , Toshi H. Arimura
{"title":"Impact of the feed-in-tariff exemption on energy consumption in Japanese industrial plants","authors":"Aline Mortha ,&nbsp;Naonari Yajima ,&nbsp;Toshi H. Arimura","doi":"10.1016/j.japwor.2024.101241","DOIUrl":"10.1016/j.japwor.2024.101241","url":null,"abstract":"<div><p>To promote renewable energy deployment, Japan introduced a feed-in tariff policy in 2012, financed through a surcharge on electricity prices for consumers. The Japanese government also offered a discount system for electricity-intensive industrial plants, exempting them from paying full surcharges. Using monthly plant-level data from 2005 to 2018, this study evaluated the exemption system’s impact on electricity and fossil fuel consumption for plants in the iron and steel, chemical products, and pulp and paper sectors. Our results show that the exempted iron and steel plants decreased electricity purchase and consumption 18.62% and 17.88% after 2017, respectively. This decrease is attributed to the introduction of an electricity efficiency after 2017. It is worth noting, however, that the revision of the scheme did not affect the chemical, pulp and paper sectors. In this sense, a stronger efficiency requirement might be warranted to ensure the decrease in electricity consumption for all sectors. Nevertheless, we estimate that roughly 7 million tCO<sub>2</sub> have been avoided thanks to the decrease in electricity consumption in the iron and steel sector.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"69 ","pages":"Article 101241"},"PeriodicalIF":1.3,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140047121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Are sustainable firms more innovative? The case of China 可持续发展的企业更具创新性吗?中国案例
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2024-03-01 Epub Date: 2024-01-04 DOI: 10.1016/j.japwor.2024.101238
Kohei Mitsunami , Miwa Nakai
{"title":"Are sustainable firms more innovative? The case of China","authors":"Kohei Mitsunami ,&nbsp;Miwa Nakai","doi":"10.1016/j.japwor.2024.101238","DOIUrl":"https://doi.org/10.1016/j.japwor.2024.101238","url":null,"abstract":"<div><p>Although the impact of corporate social responsibility (CSR) on business and market performance has been getting attention in China, its influence on innovation outcomes has not been fully investigated. This study utilises patent information and CSR measurements from Orbis and Refinitiv, respectively, and empirically investigates the determinants of corporate innovation, focusing specifically on the influence of CSR. We find a positive relationship between CSR and innovation outcomes, namely patent applications and patents granted, which are also found in developed countries. Furthermore, our findings provide new insights into inconclusive factors such as the impact of Chinese economic policies or government ties on innovation performance. In particular, we find that government-owned firms no longer have a relative advantage in innovation.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"69 ","pages":"Article 101238"},"PeriodicalIF":1.3,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139111745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How competitiveness evolved in the Japanese bank loan market between 1977 and 2020 1977 年至 2020 年间日本银行贷款市场的竞争力如何演变
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2024-03-01 Epub Date: 2023-12-14 DOI: 10.1016/j.japwor.2023.101232
Tomoya Maruyama
{"title":"How competitiveness evolved in the Japanese bank loan market between 1977 and 2020","authors":"Tomoya Maruyama","doi":"10.1016/j.japwor.2023.101232","DOIUrl":"10.1016/j.japwor.2023.101232","url":null,"abstract":"<div><p>In this study, I estimate the degree of competition in the Japanese loan market using a new empirical industrial organization method. With it, I conduct a long-term analysis of more than 40 years that includes the effect of financial deregulation prior to 2000. The model adopts an appropriate identification strategy in the estimation by introducing a rotation term to the demand function. This study also has an examination of the mechanism behind the long-term development of competition to test the validity of two hypotheses: the efficient structure hypothesis and the market power hypothesis. The findings are as follows: (1) The Japanese loan market was the least competitive around 1980, and competition has intensified since then. (2) After 2000, competition has generally increased, especially among large city banks with a nationwide presence. (3) The correlation analyses between market concentration, degree of competition, and cost efficiency indicate that the results are consistent with the efficient structure hypothesis except for the period around 2000. In contrast, the results are consistent with the market power hypothesis in the 1990s, but become inconsistent thereafter.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"69 ","pages":"Article 101232"},"PeriodicalIF":1.3,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138680391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Effects of alternative pricing structures on electricity consumption and payments in the commercial and industrial sector 不同定价结构对商业和工业部门电力消费和支付的影响
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2023-12-01 Epub Date: 2023-11-17 DOI: 10.1016/j.japwor.2023.101223
Asahi Oshiro , Nori Tarui
{"title":"Effects of alternative pricing structures on electricity consumption and payments in the commercial and industrial sector","authors":"Asahi Oshiro ,&nbsp;Nori Tarui","doi":"10.1016/j.japwor.2023.101223","DOIUrl":"https://doi.org/10.1016/j.japwor.2023.101223","url":null,"abstract":"<div><p>We investigate the distributional and welfare impacts when commercial and industrial (C&amp;I) electricity end users face a dynamic pricing structure as opposed to a constant volumetric price with demand charge on individual users’ peak usage. While demand charge does not necessarily reduce the system-wide peak, it often constitutes a large share of C&amp;I users’ payments. Hourly electricity consumption data for C&amp;I users on O‘ahu, Hawai‘i, reveal that the fixed cost recovery associated with removing demand charge has both significant distributional impacts and considerable efficiency gains. Moreover, the rate reform can be regressive or progressive depending on how the fixed charge is allocated across users.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"68 ","pages":"Article 101223"},"PeriodicalIF":1.3,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138412460","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Estimating the value of energy storage: The role of pumped hydropower in the electricity supply network 估算储能价值:抽水蓄能在供电网络中的作用
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2023-12-01 Epub Date: 2023-08-23 DOI: 10.1016/j.japwor.2023.101210
Chihiro Yagi , Kenji Takeuchi
{"title":"Estimating the value of energy storage: The role of pumped hydropower in the electricity supply network","authors":"Chihiro Yagi ,&nbsp;Kenji Takeuchi","doi":"10.1016/j.japwor.2023.101210","DOIUrl":"10.1016/j.japwor.2023.101210","url":null,"abstract":"<div><p>This study explores the role of storage systems in reducing the variability of renewable power, focusing on pumped hydropower storage (PHS) systems. We regress the hourly storage by PHS on the hourly solar power generation to estimate the average amount of solar power generation stored by PHS systems. We adopt an instrumental variable approach to mitigate any endogeneity concerns, in which a weighted sunshine duration serves as the instrument for solar power generation. Our estimation results show that PHS systems alleviate the intermittency of solar power generation: an additional 1 MWh of solar power generation corresponds to an additional 0.249 MWh of storage by PHS systems. The relationship between PHS and solar power is more pronounced when the demand is relatively low and solar power generation is large. Inter-regional transmission grids also respond to an increase in solar power generation but to a lesser extent than PHS systems. Based on the estimated coefficients in the empirical analysis, we quantified the value of the existing PHS systems as storage systems that mitigated intermittent solar power generation. The estimated social benefit of avoiding curtailment is 180–280 million yen for a 10 MW scale plant, accounting for 7.7–11.7% of the cost of constructing a new PHS system. The result highlights the importance of effectively utilizing the current PHS capacity.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"68 ","pages":"Article 101210"},"PeriodicalIF":1.3,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41560666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Reliability and forced outages: Survival analysis with recurrent events 可靠性和强制停电:复发事件的生存分析
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2023-12-01 Epub Date: 2023-09-04 DOI: 10.1016/j.japwor.2023.101213
Majah-Leah V. Ravago , Karl Robert Jandoc , Miah Maye Pormon
{"title":"Reliability and forced outages: Survival analysis with recurrent events","authors":"Majah-Leah V. Ravago ,&nbsp;Karl Robert Jandoc ,&nbsp;Miah Maye Pormon","doi":"10.1016/j.japwor.2023.101213","DOIUrl":"10.1016/j.japwor.2023.101213","url":null,"abstract":"<div><p>This paper empirically investigates the contributory factors to forced outage declarations of power plants through a survival analysis model with recurrent events. Using plant-level data in the Philippines, we find that higher reserve margins, higher share capacity (a measure of concentration), and the number of planned outages and days since the last maintenance (preventive maintenance indicators) reduce the risk of forced outages. On the other hand, an increase in the use rate (a measure of the intensity of power plant utilization) and geothermal, solar, and biodiesel plants correlate positively to more forced outages. Focusing on episodes where outages were disproportionately higher in the past decade— we find that thinning <em>reserve margin</em> correlates significantly to forced outage incidence. We also find that a higher share of a power firm’s capacity to the system’s total dependable capacity contributes to lowering the risk of forced outages.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"68 ","pages":"Article 101213"},"PeriodicalIF":1.3,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47646571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
To use or not to use, that is the question: Income and substitution effects in the feed-in tariff system for solar-generated electricity 使用还是不使用,这就是问题所在:太阳能发电上网电价系统中的收入和替代效应
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2023-12-01 Epub Date: 2023-08-22 DOI: 10.1016/j.japwor.2023.101211
Xinyue Yang , Shigeru Matsumoto
{"title":"To use or not to use, that is the question: Income and substitution effects in the feed-in tariff system for solar-generated electricity","authors":"Xinyue Yang ,&nbsp;Shigeru Matsumoto","doi":"10.1016/j.japwor.2023.101211","DOIUrl":"10.1016/j.japwor.2023.101211","url":null,"abstract":"<div><p>Feed-in tariff (FIT) is an important worldwide initiative to encourage renewable electricity technologies. Under the Japanese FIT system, households with solar panels decide the amount of both self-consumption and sales to the power company. By analyzing the household self-consumption and sales behaviors of solar-generated electricity obtained from the Ministry of the Environment of Japan, we examine (1) whether the rate of increase in electricity sales by households is higher or lower than the rate of increase in solar power generation and (2) whether self-consumption and sales behaviors of solar-generated electricity differ among households with different sales prices. The results show that the rate of increase in electricity sales is lower than that in solar electricity generation. This suggests that households increase their self-consumption as solar power generation increases. However, as the rate of increase in self-consumption is relatively low, solar-generated electricity is considered as a necessary good. Furthermore, we find that higher sales prices induce households to reduce their self-consumption and increase solar electricity sales to power companies.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"68 ","pages":"Article 101211"},"PeriodicalIF":1.3,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42828288","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impacts of inter-firm relations on the adoption of remote work: Evidence from a survey in Japan during the COVID-19 pandemic 企业间关系对采用远程工作的影响:来自2019冠状病毒病大流行期间日本调查的证据
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2023-10-13 DOI: 10.1016/j.japwor.2023.101221
Eiichi Tomiura , Hiroshi Kumanomido
{"title":"Impacts of inter-firm relations on the adoption of remote work: Evidence from a survey in Japan during the COVID-19 pandemic","authors":"Eiichi Tomiura ,&nbsp;Hiroshi Kumanomido","doi":"10.1016/j.japwor.2023.101221","DOIUrl":"https://doi.org/10.1016/j.japwor.2023.101221","url":null,"abstract":"<div><p>During the COVID-19 pandemic, remote work suddenly attracted attention. This paper focuses on inter-firm relations, as the costs and benefits of introducing remote work are likely to differ depending on the firms’ relationships with other firms. We combine our unique survey on the responses of Japanese manufacturers or wholesalers to the COVID-19 pandemic with transaction relation data. We find that firms sourcing from more suppliers before the pandemic are significantly more likely to adopt remote work during the pandemic even after controlling for firm size. Wholesalers selling to more customers appear to be less likely to shift to remote work.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"68 ","pages":"Article 101221"},"PeriodicalIF":1.3,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49756151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Simulated effects of carbon pricing on industrial sector energy use 碳定价对工业部门能源使用的模拟效应
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2023-10-12 DOI: 10.1016/j.japwor.2023.101222
Hyungna Oh , Jae Yoon Lee , Eunmi Jeong , Jee Young Kim
{"title":"Simulated effects of carbon pricing on industrial sector energy use","authors":"Hyungna Oh ,&nbsp;Jae Yoon Lee ,&nbsp;Eunmi Jeong ,&nbsp;Jee Young Kim","doi":"10.1016/j.japwor.2023.101222","DOIUrl":"https://doi.org/10.1016/j.japwor.2023.101222","url":null,"abstract":"<div><p>The aim of this paper is to analyze the simulated effects of carbon pricing on South Korea's industrial sector by using carbon pricing scenarios. The estimation results show that carbon taxation is highly effective to reduce carbon emissions of industrial sector only when the changes of energy mix take place. If the energy mix remain unchanged, the level of carbon tax should be higher than 60,000 Korean won (USD 54.55) to achieve the NDC goal of 14 % emissions reduction in industrial sector. In addition, the reduction in industrial production due to the carbon tax is estimated to be relatively small when substitution between energy and other production factors is possible. This paper proposes policies that can induce changes in the energy mix are very necessary in order to decarbonize and strengthen the competitiveness of industrial sector.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"68 ","pages":"Article 101222"},"PeriodicalIF":1.3,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49700126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impacts of inter-firm relations on the adoption of remote work: Evidence from a survey in Japan during the COVID-19 pandemic 企业间关系对采用远程工作的影响:COVID-19 大流行期间日本的一项调查证据
IF 1.3 4区 经济学
Japan and the World Economy Pub Date : 2023-10-01 DOI: 10.2139/ssrn.4432936
Eiichi Tomiura, H. Kumanomido
{"title":"Impacts of inter-firm relations on the adoption of remote work: Evidence from a survey in Japan during the COVID-19 pandemic","authors":"Eiichi Tomiura, H. Kumanomido","doi":"10.2139/ssrn.4432936","DOIUrl":"https://doi.org/10.2139/ssrn.4432936","url":null,"abstract":"","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"117 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139326178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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