Shunsuke Managi Presentation - The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness? June 2010
Effect of Environmental Regulation on Productivity and Competitiveness Shunsuke Managi Graduate School of Environmental Studies Tohoku University, Japan
Structure of the Auto Industry Assembling Firm: (TOYOTA, HONDA, NISSAN, …) Body Manufacturing Firm Parts Manufacturing Firm Motor Vehicle Exhaust Emission Standards Consumer Joint work with Akira Hibiki & Toshi Arimura Direct Impact Indirect Impact Indirect Impact
Framework of the Model R&D Model Productivity Model + + Regulation Firm’s Attributes Variables (Cash Flow, Debt, Firm Size, etc) R&D Expenditure Firm’s Productivity (Direct Effect) (Indirect Effect)
Revised version of PH: Total Factor Productivity (TFP) with Environment <ul><li>Joint with Jim Opaluch, Di Jin, and Tom Grigalunas. Land Economics, 2005. </li></ul><ul><li>No support for PH </li></ul><ul><li>Once include emissions in TFP measurement, support revised version of PH </li></ul>
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