Inclusive wealth of regions: the case of Japan

Ikeda, Shinya; Tamaki, Tetsuya; Nakamura, Hajime; Managi, Shunsuke

doi:10.1007/s11625-017-0450-4

Cited by 29 publications

(13 citation statements)

References 34 publications

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“…The capital approach evaluates human wealth as total current values of human, produced, and natural capital. This approach has been applied in national wealth evaluation [12, 21], regional health evaluation [22], and furthermore in project evaluation [23, 24]. Using this method, the amount of health stock can be calculated by the total discounted years of life expectancy for each age group in a country’s population.…”

Section: Methodsmentioning

confidence: 99%

Heterogeneous global health stock and growth: quantitative evidence from 140 countries, 1990–2100

2018

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BackgroundIn the prevailing economic perspective, health is viewed as a type of capital stock that yields ‘healthy days’ in human society. However, evaluations of this health capital stock are still limited to specific contexts. The primary aim of this study is to measure and forecast the global health stocks in 140 countries from 1990 to 2100.MethodsThe health capital stock in each country from 1990 to 2015 was estimated using a capital approach. The future health stocks between 2016 and 2100 were forecast using a time-series model.ResultsBased on the health stocks from 1990 to 2015, low-income countries have much larger and more rapidly growing health stocks. In the long-term, to 2100, upper-middle income countries, particularly countries in the Middle East and North Africa, exhibit great growth that benefits from the peaks in their youth or working-age populations. Immigration also contributes to health stock growth, as do other factors, e.g., the fertility rate, population ageing, and working-age and youth populations.ConclusionsHealth stock is a vital component of global sustainable development that should be consistently included as a stock-based sustainability index in the evaluations of other capital to accurately measure national wealth and sustainability.

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Section: Methodsmentioning

confidence: 99%

Heterogeneous global health stock and growth: quantitative evidence from 140 countries, 1990–2100

2018

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“…Among recent literature about inclusive wealth, a major theoretical framework has been developed by Arrow et al (2012Arrow et al ( , 2013. Various articles have used this framework to estimate inclusive wealth of the 20 countries (Yamaguchi, 2014), Southeast Australia (Walker et al, 2010), West Virginia in the United States (Ghadimi et al, 2015), groundwater in Kansas in the United States (Fenichel et al, 2016), Japan at the prefectural levels (Ikeda et al, 2017), the Seto Inland Sea in Japan (Uehara and Mineo, 2017), and the oil-exporting countries (Collins et al, 2017). In addition, Kurniawan and Managi (2017) use the DEA model to estimate the entire productivity change, considering inclusive wealth (human, produced, and natural capitals), GDP, and carbon damage (using UNU-IHDP and UNEP (2014)).…”

Section: Measuring Knowledge At the Macro Levelmentioning

confidence: 99%

Shadow price of patent stock as knowledge stock: Time and country heterogeneity

Yagi

Managi

2018

Economic Analysis and Policy

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This study compares the shadow price (marginal cost) and shadow value (total cost) of patent stock (as knowledge stock) in each of 92 countries between 1992 and 2010. Two specifications are considered in the data envelopment analysis approach. One specification considers population, capital, patent stock, energy use (four inputs), greenhouse gas (undesirable output), and gross domestic product (desirable output). The other uses human capital and natural capital instead of population and energy use. Under these two specifications, respectively, the shadow price of the patent stock (on weighted average) for the whole period is −0.106 and −0.054 million US dollars per patent in the entire sample.Similarly, the shadow value of the patent stock (by the ratio of gross domestic product) in the entire sample is −5.8% and −2.9%, respectively. As the standing position of patent stock, the patent stock is less valuable than human capital and (produced) capital but more valuable than population, energy use, and natural capital. The patent stock also is likely to be valuable in developing countries. In addition, the shadow value of the patent stock is relatively high in certain large countries and nearly flat in most of the countries.

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“…Ikeda et al (2017) (7) downscale the IWI to a prefectural scale in Japan, where depopulation, an aging population, and an excessive burden of environmental regulations have led to a reduction in sustainability.…”

Section: Staffordmentioning

confidence: 99%