Did the Financial Crisis Affect Environmental Efficiency? Evidence from the Japanese Manufacturing Sector

Hidemichi Fujii, A. George Assaf, Shunsuke Managi and Roman Matousek

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Environmental Efficiency; Technical Efficiency, Financial Crisis; Bayesian Stochastic Frontier (search for similar items in EconPapers)
JEL-codes: G01 O47 Q54 Q57 (search for similar items in EconPapers)
Date: 2015-08-31
New Economics Papers: this item is included in nep-eff, nep-env and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:66363

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