Updated on 2022/05/25


Faculty of Commerce, School of Commerce
Job title

Concurrent Post

  • Faculty of Political Science and Economics   Graduate School of Economics

Research Institute

  • 2019

    産業経営研究所   兼任研究所員


  • 1996

    The Pennsylvania State University   Department of Economics (Ph.D.)  

  • 1993.04

    Rikkyo University   Graduate School of Sociology (M.A.)  

  • 1989.04

    Rikkyo University   Department of Sociology (B.A.)  


  • Pennsylvania State University   Ph.D.

Research Experience

  • 2017

    Waseda University   School of Commerce   Professor

  • 2010

    Waseda University   School of Commerce   Associate Professor

  • 2003

    University of Sydney   School of Economics and Business   Lecturer

Professional Memberships


    Society for Environmental Economics and Policy Studies


Research Areas

  • Economic policy

Research Interests

  • Applied Econometrics


  • Donor aid allocation and accounting standards of recipients

    Akira Nagae, Hajime Katayama, Koichi Takase

    Economic Modelling   106   105702 - 105702  2022.01  [Refereed]


  • CEOs’ religiosity and corporate green initiatives

    Hakaru Iguchi, Hajime Katayama, Junichi Yamanoi

    Small Business Economics   58 ( 1 ) 497 - 522  2022.01  [Refereed]


  • Seemingly Unrelated Interventions: Environmental Management Systems in the Workplace and Energy Saving Practices at Home

    Toshi H. Arimura, Kazuyuki Iwata, Hajime Katayama, Mari Sakudo

    Environmental and Resource Economics   80 ( 4 ) 761 - 794  2021.12  [Refereed]

     View Summary

    <title>Abstract</title>To reduce their environmental impacts, a growing number of organizations worldwide have implemented environmental management systems (EMSs). In these organizations, energy conservation activities become usual behaviors for employees; thus, we hypothesize that employees continue such energy saving behaviors at home. This hypothesis is supported by data from surveys of individuals in Japan. Specifically, we find that the probability of engaging in energy saving practices at home is higher and that expenditures on electricity use are lower for individuals who work in organizations that implement EMSs than for individuals who do not work in organizations with EMSs. Our results suggest that beyond the original purpose of helping organizations reduce their environmental impacts, EMSs work as an intervention to promote household energy saving.


  • Subjective probabilistic expectations, household air pollution, and health: Evidence from cooking fuel use patterns in West Bengal, India

    Mriduchhanda Chattopadhyay, Toshi H. Arimura, Hajime Katayama, Mari Sakudo, Hide-Fumi Yokoo

    Resource and Energy Economics   66   101262 - 101262  2021.11  [Refereed]


  • Warranty, Seller Reputation, and Buyer Experience: Evidence From EBAY Used Car Auctions

    Xiaogang Che, Hajime Katayama, Peter Lee, Nan Shi

    The Journal of Industrial Economics   67 ( 3-4 ) 593 - 627  2019.09  [Refereed]


  • What determines the sacrifice ratio? A Bayesian model averaging approach

    Katayama H, Ponomareva N, Sharma M

    Oxford Bulletin of Economics and Statistics   81 ( 5 ) 960 - 988  2019  [Refereed]


  • Authority and communication in firms

    Katayama H, Meagher KJ, Wait A

    Journal of Economic Behavior & Organization   155   315 - 348  2018  [Refereed]


  • Same concerns, same responses? A Bayesian quantile regression analysis of the determinants for supporting nuclear power generation in Japan

    Yukiko Omata, Hajime Katayama, Toshi. H. Arimura

    Environmental Economics and Policy Studies   19 ( 3 ) 581 - 608  2017.07  [Refereed]

     View Summary

    Using the Internet survey data from 6500 individuals, this study examines the determinants for supporting the restart of nuclear power plants operation in Japan. The variable of interest is the level of support that is measured as a categorical and ordered variable, for which ordered logit or probit is commonly estimated. This study departs from the literature using Bayesian ordinal quantile regression (Rahman 2015, Bayesian Anal. doi:10.1214/15-BA939) to address whether covariates have differential effects at various conditional quantiles of the latent response variable. This approach allows us to explore, for example, whether three otherwise identical individuals, the first with an average unobserved preference for the restart, the second with a low unobserved preference, and the third with a high unobserved preference, respond similarly or differently to a change in a covariate. The results show that for most of the covariates examined, including concerns about meltdowns and concerns about global warming, the effects differ across conditional quantiles of the latent response variable. In other words, the covariate effects depend crucially on individuals’ unobserved preferences for the restart (conditional on observables). The results also show that there are considerable gender differences in response to changes in covariates.


  • Cooking Fuel Choices - Analysis of Socio-economic and Demographic Factors in Rural India-

    Mriduchhanda Chattopadhyay, Toshi.H. Arimura, Hajime Katayama, Mari Sakudo, Hide-Fumi Yokoo

    環境科学会誌   30 ( 2 ) 131 - 140  2017.03  [Refereed]

  • Do social norms matter to energy-saving behavior? Endogenous social and correlated effects

    Arimura TH, Katayama H, Sakudo M

    Journal of the Association of Environmental and Resource Economists   3 ( 3 ) 525 - 553  2016  [Refereed]


  • The effect of ISO 14001 on environmental performance: Resolving equivocal findings

    Toshi H. Arimura, Nicole Darnall, Rama Ganguli, Hajime Katayama

    JOURNAL OF ENVIRONMENTAL MANAGEMENT   166   556 - 566  2016.01  [Refereed]


  • Do households misperceive the benefits of energy-saving actions? Evidence from a Japanese household survey

    Kazuyuki Iwata, Hajime Katayama, Toshi H. Arimura

    ENERGY FOR SUSTAINABLE DEVELOPMENT   25   27 - 33  2015.04  [Refereed]

     View Summary

    Using a household survey conducted in a suburb of Tokyo, we examine whether individuals properly perceive the benefits of energy-saving actions. A bivariate regression shows that, on average, individuals overestimate the benefits. The tendency to overestimate is robust to controlling for individual and home characteristics. Our results are contrary to those of Attari et al. (2011), who found that individuals in the U.S. tended to underestimate the benefits of energy-saving activities. The difference in our results suggests that the provision of information about the benefits of energy saving may be an effective policy to address global warming issues in one country but not necessarily in all countries. We also find that the magnitude of overestimation is greatest among young single males, whereas the benefits perceived by older married females are the smallest. This result suggests that the provision of tailored information (i.e., highly personalized and specific information) can be an effective intervention even in Japan. (C) 2014 International Energy Initiative. Published by Elsevier Inc. All rights reserved.


  • Team performance and within-team salary disparity: An analysis of nippon professional baseball

    Kamada T, Katayama H

    Economics Bulletin   34 ( 1 ) 144 - 151  2014  [Refereed]

  • A quantile-based test of protection for sale model

    Susumu Imai, Hajime Katayama, Kala Krishna

    Journal of International Economics   91 ( 1 ) 40 - 52  2013.09  [Refereed]

     View Summary

    This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organization. We use quantile and IV quantile regressions in our tests, using the data from Gawande and Bandyopadhyay (2000). Surprisingly, the results do not provide any evidence favoring the PFS model. We also explain why previous work may have found support for it. © 2013.


  • Gasoline Price Cycles Under Discrete Time Pricing

    Nicolas de Roos, Hajime Katayama

    ECONOMIC RECORD   89 ( 285 ) 175 - 193  2013.06  [Refereed]

     View Summary

    We characterise petrol pricing dynamics in an unusual policy environment. A timing restriction in the Western Australian market imposes discrete time pricing on petrol retailers, enabling us to observe the exact timing of price changes. We employ a Markov-switching regression model, finding the existence of Edgeworth price cycles of a similar nature to those recently observed in some other retail petrol markets. Cycles are frequent, asymmetric and of substantial amplitude. Importantly, firms change prices almost every period, limiting the relevance of the leading theory of Edgeworth cycles due to Maskin and Tirole (). We also discuss episodes of disruption and evolution of the price cycle.


  • Quantile regression analysis of body mass and wages

    Meliyanni Johar, Hajime Katayama

    HEALTH ECONOMICS   21 ( 5 ) 597 - 611  2012.05  [Refereed]

     View Summary

    Using the National Longitudinal Survey of Youth 1979, we explore the relationship between body mass and wages. We use quantile regression to provide a broad description of the relationship across the wage distribution. We also allow the relationship to vary by the degree of social skills involved in different jobs. Our results find that for female workers body mass and wages are negatively correlated at all points in their wage distribution. The strength of the relationship is larger at higher-wage levels. For male workers, the relationship is relatively constant across wage distribution but heterogeneous across ethnic groups. When controlling for the endogeneity of body mass, we find that additional body mass has a negative causal impact on the wages of white females earning more than the median wages and of white males around the median wages. Among these workers, the wage penalties are larger for those employed in jobs that require extensive social skills. These findings may suggest that labor markets reward white workers for good physical shape differently, depending on the level of wages and the type of job a worker has. Copyright (C) 2011 John Wiley & Sons, Ltd.


  • Substance use and adolescent sexual activity

    Alex Acworth, Nicolas de Roos, Hajime Katayama

    APPLIED ECONOMICS   44 ( 9 ) 1067 - 1079  2012  [Refereed]

     View Summary

    Using the National Longitudinal Survey of Youth 1997, we examine the relationship between initiating substance use and youth sexual behaviour. We employ a combination of panel data and propensity score matching techniques to control for observed and unobserved heterogeneity. The results indicate striking differences across gender. For males, initiating alcohol or marijuana use is positively and significantly associated with the likelihood of engaging in sexual intercourse and uncontracepted sexual intercourse. For females, in contrast, there is no robust evidence for such links.


  • Central Bank Independence, Political Regimes, and the Sacrifice Ratio: A Replication Study of Caporale and Caporale (2008)

    Hajime Katayama, Natalia Ponomareva, Malvin Sharma

    JOURNAL OF MONEY CREDIT AND BANKING   43 ( 5 ) 1035 - 1042  2011.08  [Refereed]

     View Summary

    A recent article by Caporale and Caporale (2008, this Journal) provides an important finding on the determinants of the sacrifice ratio: central bank independence is not a determining factor for the sacrifice ratio when political regimes and other factors are controlled for. Our replication study shows that their result is driven by errors in the data. With correct data, it can be found that central bank independence is positively and significantly correlated with the sacrifice ratio, even when the nature of the political regime is controlled for.


  • The nonlinear impact of currency unions on bilateral trade

    Hajime Katayama, Mark Melatos

    ECONOMICS LETTERS   112 ( 1 ) 94 - 96  2011.07  [Refereed]

     View Summary

    Most gravity model specifications assume that a currency union varies the level of bilateral trade between members by a constant proportion. We demonstrate that a common currency also alters the slope of the relationship between bilateral trade and member country GDPs. (C) 2011 Elsevier B.V. All rights reserved.


  • Is ISO 14001 a gateway to more advanced voluntary action? The case of green supply chain management

    Toshi H. Arimura, Nicole Darnall, Hajime Katayama

    JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT   61 ( 2 ) 170 - 182  2011.03  [Refereed]

     View Summary

    Using Japanese facility-level data, we estimate the effects of ISO 14001 certification on the promotion of more advanced practices, namely green supply chain management (GSCM). Our results show that ISO 14001 promotes GSCM practices. Facilities with environmental management systems (EMS) certified to ISO 14001 are 40% more likely to assess their suppliers&apos; environmental performance and 50% more likely to require that their suppliers undertake specific environmental practices. Further, government programs that encourage voluntary EMS adoption indirectly promote GSCM practices. These programs increase the probabilities that facilities will assess their suppliers&apos; environmental performance and require suppliers to undertake specific environmental practices by 7% and 8%, respectively. Combined, these findings suggest that there may be significant but previously unnoticed spillover effects of ISO 14001 and government promotion of voluntary action. (C) 2010 Elsevier Inc. All rights reserved.

    DOI CiNii

  • サプライチェーンを通じた環境取組みの進展:上場企業サーベイによるGSCMの分析

    井口衡, 有村俊秀, 片山東

    サステイナブルマネジメント   11 ( 1 ) 159 - 173  2011  [Refereed]

  • A game-level analysis of salary dispersion and team performance in the national basketball association

    Hajime Katayama, Hudan Nuch

    APPLIED ECONOMICS   43 ( 10 ) 1193 - 1207  2011  [Refereed]

     View Summary

    Using game-level panel data on the National Basketball Association (NBA), we examine the causal effect of within-team salary dispersion on team performance. We exploit three measures of salary dispersion and examine the effect at three levels: whether the outcome of the game is influenced by salary dispersion among (1) players participating in the current game (active players), (2) players who played more than half of their team&apos;s games in a season (regular and occasional players) and (3) the entire player population. Regardless of the measures used, we find that salary dispersion does not influence team performance.


  • Does the version of the Penn World Tables matter? An analysis of the relationship between growth and volatility

    Natalia Ponomareva, Hajime Katayama


     View Summary

    The Penn World Tables (PWT) are an important data source for cross-country comparisons in economics. The PWT have undergone several revisions over time. This paper documents how countries&apos; output growth rates change across four publicly available versions of the PWT. We show that for some countries the magnitude of the differences is significant and/or the sign of the growth rates changes across versions. Using as an example Ramey and Ramey (1995), who found growth volatility has a significant negative effect on growth, we demonstrate that conclusions based on one version of the PWT may not hold under another version.


  • Protection for sale or surge protection?

    Susumu Imai, Hajime Katayama, Kala Krishna

    EUROPEAN ECONOMIC REVIEW   53 ( 6 ) 675 - 688  2009.08  [Refereed]

     View Summary

    This paper asks whether the results obtained from using the standard approach to testing the influential Grossman and Helpman "protection for sale" model of political economy might arise from a simpler setting. A model of imports and quotas with protection occurring in response to import surges, but only for organized industries, is simulated and shown to provide parameter estimates consistent with the protection for sale framework. This suggests that the standard approach may be less of a test than previously thought. (C) 2008 Elsevier B.V. All rights reserved.


  • Firm-level productivity studies: Illusions and a solution

    Hajime Katayama, Shihua Lu, James R. Tybout

    INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION   27 ( 3 ) 403 - 413  2009.05  [Refereed]

     View Summary

    Applied economists often wish to measure the effects of policy changes (like trade liberalization) or managerial decisions (like R&D expenditures or exporting) on firm-level productivity patterns. But firm-level data on physical quantities of output, capital, and intermediate inputs are typically unobservable. Therefore, when constructing productivity measures, most analysts proxy these variables with real sales revenues, depreciated capital spending, and real input expenditures. Our first objective is to argue that the resultant productivity indices have little to do with technical efficiency, product quality, or contributions to social welfare. Nonetheless, they are likely to be correlated with policy shocks and managerial decisions in misleading ways.
    Our second objective is to develop an alternative approach to inference. We assume firms&apos; costs and revenues reflect a Bertrand-Nash equilibrium in a differentiated product industry, as in Berry [Berry, Steven (1994) "Estimating discrete-choice models of product differentiation," Rand journal 25(2), pp. 242-262.]. This allows us to impute each firm&apos;s unobserved marginal costs and product appeal from its observed revenues and costs. With these in hand, we calculate each firm&apos;s contribution to consumer and producer surplus. Further, we link these welfare measures to policy and managerial decisions by assuming that marginal costs and product appeal indices follow vector autoregressive (VAR) processes, conditioned on policy proxies and/or managerial choice variables. We estimate the demand system parameters and VAR parameters jointly using Bayesian techniques.
    Applying our methodology to panel data on Colombian paper producers, we study the relation between our welfare-based measures and conventional productivity measures. We find that the two are only weakly correlated with one another. Further, they give contrasting pictures of the relationship between firms&apos; performances and their participation in foreign markets. One reason is that product appeal variation has little effect on standard productivity indices, but it is captured by welfare-based performance measures. (C) 2008 Elsevier B.V. All rights reserved.


  • Is protection really for sale? A survey and directions for future research

    Susumu Imai, Hajime Katayama, Kala Krishna

    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE   18 ( 2 ) 181 - 191  2009.03  [Refereed]

     View Summary

    This paper critically and selectively surveys the literature on protection for sale and discusses directions for future research in this area. It suggests that the standard approach needs to be augmented to provide more compelling tests of this model. (C) 2008 Elsevier Inc. All rights reserved.


  • Why do the rich save more? A theory and Australian evidence

    Debajyoti Chakrabarty, Hajime Katayama, Hanna Maslen

    ECONOMIC RECORD   84 ( s1 ) S32 - S44  2008.09  [Refereed]

     View Summary

    We provide a theory to explain the existence of inequality in an economy where agents have identical preferences and have access to the same production technology. Agents consume a 'health' good which determines their subjective discount factor. Depending on initial distribution of capital the economy gets separated into different permanent-income groups. This leads to a testable hypothesis: 'The rich save a larger proportion of their permanent-income'. We test this implication for savings behaviour in Australia. We find that even after controlling for lifecycle and health characteristics, higher permanent income is positively related with higher savings rates and better saving habits.


  • Is a voluntary approach an effective environmental policy instrument? A case for environmental management systems

    Toshi H. Arimura, Akira Hibiki, Hajime Katayama

    JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT   55 ( 3 ) 281 - 295  2008.05  [Refereed]

     View Summary

    Using Japanese facility-level data from an OECD survey, we estimate the effects of implementation of ISO14001 and publication of environmental reports on the facilities' environmental performance. While most previous studies focused on an index of emissions toxicity, this study examines three areas of impacts, none of which have been explored in the literature: natural resource use, solid waste generation, and wastewater effluent. The study is also unique in that the effectiveness of ISO14001 is considered in relation to environmental regulations. Our findings are summarized as follows. First, both ISO14001 and report publication help reduce all three impacts; the former appears more effective in all areas except wastewater. Second, environmental regulations do not weaken the effect of ISO14001. Third, assistance programs offered by local governments-a voluntary approach-promote facilities' adoption of ISO14001. These findings suggest that governments can use command-and-control and voluntary approaches concurrently. (C) 2008 Elsevier Inc. All rights reserved.

    DOI CiNii

  • 労働政策の評価 : 「構造推定アプローチ」と「実験的アプローチ」

    今井晋, 有村俊秀, 片山東

    日本労働研究雑誌   43 ( 12 ) 14 - 21  2001

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Books and Other Publications

  • 環境経済学のフロンティア

    有村 俊秀, 片山 東, 松本 茂( Part: Joint editor)

    日本評論社  2017.09 ISBN: 4535558574


  • 排出量取引と省エネルギーの経済分析:日本企業と家計の現状 (有村俊秀・武田史郎 編著)

    ( Part: Contributor, 5・8・9章)

    日本評論社  2012.03 ISBN: 9784535557130



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