My research focuses on environmental and resource economics, development economics, and the economics of climate change, with an emphasis on impacts, adaptation, and ecosystem services.
Books
Johnson, Justin Andrew , Giovanni Ruta , Uris Baldos , Raffaello Cervigni , Shun Chonabayashi, Erwin Corong , Olga Gavryliuk , James Gerber , Thomas Hertel , Christopher Nootenboom , Stephen Polasky . 2021. The Economic Case for Nature : A Global Earth-Economy Model to Assess Development Policy Pathways . World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/35882 License: CC BY 3.0 IGO.
Mani, Muthukumara , Sushenjit Bandyopadhyay, Shun Chonabayashi, Anil Markandya , and Thomas Mosier . 2018. South Asia's Hotspots : Impacts of Temperature and Precipitation Changes on Living Standards . Washington, DC: World Bank.
Journal Articles
Akter, Mapuja; Raihan, Mohammad Ramiur; Mukta, Jannatun Nahar; Rahman, Hamadur; and Chonabayashi, Shun. 2025. Adapting to Waters: Socio-economic Influences on Flood Coping Strategies Among Farmers in Bangladesh's Char Areas . Journal of Saemaulogy Vol.10 No.1 (2025.6), pp. 89–120.
Saeed, Wajiha , Iman Haqiqi , Qinqin Kong , Matthew Huber , Jonathan Buzan , Shun Chonabayashi, Kazuki Motohashi , and Thomas Hertel , 2022. The Poverty Impacts of Labor Heat Stress in West Africa under a Warming Climate . Earth 's Future . doi: 10.1029/2022EF002777
Constenla-Villoslada, Susana , Yanyan Liu , Jiaming Wen , Ying Sun , Shun Chonabayashi. 2022 . Large-scale land restoration improved drought resilience in Ethiopia’s degraded watersheds . Nature Sustainability . doi: 10.1038/s41893-022-00861-4
Chonabayashi, Shun, Theepakorn Jithitikulchai , and Yeqing Qu. 2020. Does agricultural diversification build economic resilience to drought and flood? Evidence from poor households in Zambia . African Journal of Agricultural and Resource Economics , Volume 15, Number 1: 65-80.
Massetti, Emanuele , Robert Mendelsohn , and Shun Chonabayashi. 2016. How Well Do Degree Days over the Growing Season Capture the Effect of Climate on Farmland Values? Energy Economics , 60: 144-150. doi: 10.1016/j.eneco.2016.09.004
Li, Shanjun , Jun Yang, Ping Qin , and Shun Chonabayashi. 2016. Wheels of Fortune: Subway Expansion and Property Values in Beijing . Journal of Regional Science . doi:10.1111/jors.12284
Mendelsohn, Robert , Kerry Emanuel , Shun Chonabayashi and Laura Bakkensen . 2012. The Impact of Climate Change on Global Tropical Cyclone Damage , Nature Climate Change, Volume 2, Issue 3. doi: 10.1038/NCLIMATE1357 (Based on World Bank Policy Research Working Paper 5562 )
Book Chapters, Technical Reports, Conference Proceedings and Media
Jithitikulchai, Theepakorn, and Shun Chonabayashi . 2026 (forthcoming). Climate Resilience Investments and Agricultural Household Livelihoods: Lessons from a Climate-Vulnerable Economy . In Nguyen, Nhan & Leal, Walter (Eds.), Climate Change in the Tropics: Understanding and Addressing the Impacts of Climate Change to Tropical Regions . Springer Nature.
Chonabayashi, Shun, and Theepakorn Jithitikulchai . 2026 (forthcoming). Estimating the Impact of Droughts and Floods on African Farmers. In Dinar, A. & Mendelsohn, R. (Eds.), Handbook on Climate Change Impacts, Mitigation, and Adaptation in Agriculture . Edward Elgar Publishing.
Chonabayashi, Shun. “ Climate Change and Humanistic Economics ,” (in Japanese), Seikyo newspaper, October 23, 2023.
Chonabayashi, Shun. 2023. “Economics of Climate Change,” (in Japanese) in Baba, Yoshihisa, Koichi Kandachi, Isao Takagi (Ed), Humanistic Economics × SDGs , Daisan bunmeisha, pp.207-228.
Lange, Glenn-Marie , Shun Chonabayashi, Kenan Karakulah , Esther Naikal. 2021. “ The Impact of Air Pollution on Human Capital Wealth ,” in Fraumeni, Barbara M. (Ed), Measuring Human Capital, Academic Press.
L.A. Acosta, S. Zabrocki, J.R. Eugenio, R. Sabado Jr., S.P. Gerrard, M. Nazareth, and H.G.H. Luchtenbelt, (2020) Green Growth Index 2020 – Measuring performance in achieving SDG targets , GGGI Technical Report No. 16, Green Growth Performance Measurement Program, Global Green Growth Institute (GGGI), Seoul, South Korea [Contributors: A. Sharma, A. Bhatt, A. Izmestiev, B. Liu, C. Hopkins, C. Krug, D. Eaton, F. Eboli, F. Tubiello, F. Sheng, G. Lafortune, H. Rankine, J. Vause, J. John-Norville, J. Maughan, J.G. Pineda, L. Farnia, M. Astralaga, N. Cantore, N. Nierhoff, N.G. Esambe, R. Hogeboom, R. Hamwey, R. Lasco, R. Cavatassi, R.G. Carmenates, S. Fekadu, S. Chonabayashi, S. Felix, S. Liu, T. Arndt, U.A. Iftikhar, V. Todorov, Z. Zarnic, Nera Mariz Puyo, Sarena Grace Quiñones, and Dervin John Valencia]
Pagiola, Stefano and Shun Chonabayashi. 2020. "World Bank Landscape Projects: What Role for Natural Capital Accounting?", in Vardon, M. and Bass, S. (Eds) (2020). Natural Capital Accounting for Better Policy Decisions: Measuring and Valuing Natural Capital to Improve Landscape Management and Governance. Proceedings and Highlights of the 4th Forum on Natural Capital Accounting for Better Policy Decisions . World Bank WAVES, Washington D.C.
FAO and UNEP. 2020. The State of the World’s Forests 2020. Forests, biodiversity and people . Rome. Contributing Author to Chapter 4: “People, Biodiversity and Forests”.
Serajuddin, Umar, et al. 2017. Atlas of Sustainable Development Goals 2017: From World Development Indicators . No. 114769. The World Bank, 2017. Contributing Author to Chapter 13: “Climate action”.
Unpublished Working Papers
Wang, Haoying , Ariel Ortiz-Bobea , and Shun Chonabayashi . 2015. Adaptation to Climate Change through Crop Choice: A High Resolution Analysis . 2015 Annual Meeting, July 26-28, 2015, San Francisco, Agricultural and Applied Economics Association.
Chonabayashi, Shun. 2014. Accounting for Land Use Adaptation to Climate Change Impacts on US Agriculture . 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota. No. 170710. Agricultural and Applied Economics Association.
Chonabayashi, Shun. 2014. Accounting for Climate Factors in the Effects of the California 24-hour Average PM10 Standard . The 5th World Congress of Environmental and Resource Economists, Istanbul, Turkey.
Chonabayashi, Shun. 2013. Climate Shocks and African Maize Prices . 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. No. 151135. Agricultural and Applied Economics Association.
Mendelsohn, Robert , Kerry Emanuel , and Shun Chonabayashi. The Impact of Climate Change on Tropical Cyclone Damages in the United States , World Bank Policy Working Paper 5561, Washington DC, November 2011.
Selected Work in Progress
Climate Change Impacts Are More Uncertain Than They Appear (with Ariel Ortiz-Bobea )
Impact Evaluation of Ethiopia Sustainable Land Management Program (with Yanyan Liu and Mengying Wang )
Impacts of Ethiopia’s Sustainable Land Management Program on Women and Children Health (with Yanyan Liu and Mengying Wang )
Heterogeneous Effects of Drought on Crop Yields in Zambia
Contribution to the World Bank Reports
Unlocking Nature-Smart Development : An Approach Paper on Biodiversity and Ecosystem Services (2021)
Unbreakable: Building the Resilience of the Poor in the Face of Natural Disasters (2017)
Natural Hazards, UnNatural Disasters: The Economics of Effective Prevention (2010)
Low-Carbon Development: Latin American Responses to Climate Change (2010)
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