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...

We show that the critical capital stock of the Dechert and Nishimura (1983) model is a decreasing and continuous function of the discount factor. We also show that the critical capital stock merges with a nonzero steady state as the discount factor decreases to a certain boundary value, and that...

This paper defines a sustainable development path as a balanced growth path with environmental conservation. In the framework of endogenous growth theory, it is known that a sustainable development path is optimal only if the following three conditions are satisfied: (1) the engine of economic...

Introduction -- PART Ⅰ: Green Energy Transition Toward Carbon Neutrality in Asian Countries -- Chapter 1: Price Elasticities of Electricity Demand as a Proxy for Direct Rebound Effects: A Meta-Analytical Comparison in the Asian Context -- Chapter 2: Should Carbon Tax Revenues be Earmarked for...

Knowledge Integration and Open Social Innovation for Sustainable Development -- Reconstruction under Nuclear Disaster and Making Resilient Society in Fukushima -- Rural Development in Japan -- Sustainable Development Goals from the Perspective of Photographic Archives: A Case Study on...