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James Roumasset

UHERO Research Fellow and Professor of Economics


Department of Economics, University of Hawai'i
542 Saunders Hall
2424 Maile Way
 Honolulu, HI 96822

Telephone: 808.956.7496

fax: 808.956.4347
e-mail: jimr@hawaii.edu
Download curriculum vitae 



B.A., Economics, University of California, Berkeley

M.A., Economics, University of Hawaii

Ph.D., Economics, University of Wisconsin, Madison


Research Interests

Environmental & resource economics, water and watershed management, new institutional
economics, development microeconomics, and sustainable development

Professor of Economics, University of Hawai‘i at Manoa. Dr. Roumasset’s primary areas
of research stem an NSF grant on energy substitution and sustainable development,
the ERS/USDA PREISM program and a number of USGS grants on the sustainable
development and conservation of water resources. He has previously held positions at
UC Davis; the University of the Philippines; ANU; Yale; the University of Maryland; the
International Rice Research Institute and the World Bank, where he worked as a long-
term consultant on irrigation economics. He has served on the Board of Directors of the
Western Economic Association International and the editorial boards of the American
Journal of Agricultural Economics, Contemporary Economic Policy, Asian Journal of
Agriculture and Development, Asian Journal of Agricultural Economics, and SE Asian
Journal of Agricultural Economics. His publications and extramural grants during the
last 10 years have focused on developing new methods for policy analysis for resource
and environmental management problems in Hawaii and the Asia-Pacific Region and
promoting new connections both between and within disciplines via sustainability
science. He has also published widely on agricultural development, transaction cost
economics, risk and decision-making, and the nature, causes and consequences of
public policy.


Selected Grants

2010 International Food Policy Research Institute” “Incentives for Carbon Sequestration in
Forests: Offsets and Direct Payments,” $28,455 (Principal Investigator)

2009 National Science Foundation: “Ecosystem Function: Natural, Anthropogenic, and Invasive
Species Contributions to Biogeochemical Evolution of Groundwaters and Coastal Environments
of West Hawaii,” $135,000 (co-Investigator)

2008-09 United States Geological Survey (USGS) through University of Hawaii Water Resources
Research Center (UH-WRRC): “Integrated Management of Multiple Aquifers in the Face of
Climate Change,” $20,525 (Principal Investigator -PI)

2007-08 USGS through UH-WRRC: “Efficient Water Management and Block Pricing for
Integrated Aquifers: Lessons from Southern Oahu,” $8,906 (PI)

2006-07 USGS through UH-WRRC: “Integrated water management with multiple aquifers,”
$17,632; 2006-7. (PI)

2005-08 USGS through UH-WRRC: “Coastal Groundwater Management with Positive Stock
Externalities,” $151,414; 2005-8. (PI).

2005-07 US Fish and Wildlife Service, “Optimal Public Control of Exotic Species,” $44,111 (PI)

2003-6 US Department of Agriculture (PREISM program): “Integrating Prevention and Control
of Invasive Species: Lessons from Hawaii,” $200,000 (PI)

2003-05 NOAA/UH Sea Grant Program: “Mitigating Runoff as Part of an Integrated Strategy for
Nearshore Resource Conservation,” $65,125 (PI)

2003-05 USGS through UH-WRRC: “Efficient Water Allocation and Pricing with Win-Win
Conservation Surcharges: The Central Oahu Corridor,” $24,045 (PI)

2002-04 USGS through UH-WRRC: “A Win-Win Approach to Water Pricing and Watershed
Conservation,” $24,375 (PI)

1998 The Nature Conservancy: “Environmental Valuation and the Hawaiian Economy,” $40,000

1992-94 National Science Foundation (SES 91-22370): “Sustainable Resource Management and
the Depreciation of Environmental Capital: Applications to Energy Use and Global Warming,”
$106,918 (PI).


Selected Publications

Roumasset J., K. Burnett, and A.M. Balisacan (eds.) 2010. Sustainability Science for Watershed
Landscapes. Singapore: Institute of Southeast Asian Studies; Los Baños, Philippines: Southeast
Asian Regional Center for Graduate Study and Research in Agriculture.

Pongkijvorasin, S., J. Roumasset, K. Burnett, and T.K. Duarte. 2010. Renewable resource
management with stock externalities: coastal aquifers and submarine groundwater discharge,
Resource and Energy Economics, 32(3): 277-291.

Duarte, T. K., S. Pongkivorasin, J. Roumasset, D. Amato, and K. Burnett. 2010, Optimal
Management of a Coastal Aquifer with Near-Shore Marine Ecological Interactions. Water
Resources Research, under review.

Pitafi, B. and J. Roumasset. 2009. “Pareto-Improving Water Management over Space and
Time: The Honolulu Case,” American Journal of Agricultural Economics, 91(1):138-153.

Roumasset, J. 2008. Population and Agricultural Growth. In S. Dulauf and L. Blume (eds), The
New Palgrave Dictionary of Economics, 2nd edition, MacMillan Publishing Co.

Roumasset, J., K. Burnett, and H. Wang. 2008. Environmental Resources and Economic Growth,
in China’s Economic Transition: Origins, Mechanism, and Consequences Brandt, L and T
Rawski, eds. New York, NY: Cambridge University Press.

D’Evelyn, S. N. Tarui, K. Burnett, and J. Roumasset. 2008. “Learning-by-catching: Uncertain
invasive-species populations and the value of information,” Journal of Environmental
Management, 89(4): 284-292.

Pongkijvorasin, Sittidaj and James Roumasset. 2007. “Optimal Conjunctive Use of Surface
and Groundwater with Recharge and Return Flows: Dynamic and Spatial Patterns,” Review of
Agricultural Economics, 29(3):531-539.

Burnett, Kimberly, Brooks Kaiser and James Roumasset, 2007. "Economic Lessons from Control
Efforts for an Invasive Species: Miconia calvescens in Hawaii", Journal of Forest Economics,

Im, Eric, Ujjayant Chakravorty and James Roumasset. 2006. “Discontinuous Extraction of a Non-
Renewable Resource,” Economic Letters, 90(1):6-11.

Chakravorty, Ujjayant, James Roumasset, and Darrell Krulce. 2005. "Specialization and Non-
renewable Resources: Ricardo meets Ricardo,” Journal of Economic Dynamics and Control,

Endress, Lee, James Roumasset, and Ting Zhou. 2005. “Sustainable Growth with Environmental
Spillovers,” Journal of Economic Behavior and Organization. 58(4):527-547.

Roumasset, James. 2004. “Optimal Management of a Renewable and Replaceable Resource:
The Case of Coastal Groundwater,” (with D. Krulce and T. Wilson), American Journal of
Agricultural Economics, November 1997; and “Efficient Spatial Allocation of Irrigation
Water,” (w/ U. Chakravorty), American Journal of Agricultural Economics, 73(1): 165-173.
Both reprinted in W. Easter and M Renwick, Economics of Water Resources, Ashgate, 2004.

Chakravorty, Ujjayant, James Roumasset, and Kinping Tse. 1997. “Endogenous Substitution
Among Energy Resources and Global Warming,” Journal of Political Economy, 105(6):1201-
1234.; reprinted in M. Hoel (ed.), Recent Developments in Environmental Economics (Edward
Elgar), 2004.

James Roumasset and Lee. Endress. 1996. "The Yin and Yang of Sustainable Development: A
Case for Win-Win Environmentalism,” Journal of the Asia Pacific Economy, Vol. 1, No. 2, 185-
194, (1996).

Roumasset, James. 1995. "The nature of the agricultural firm," Journal of Economic Behavior &
Organization, Elsevier, vol. 26(2), pages 161-177.

Roumasset, J. and K. Smith. 1990. “Exposure Trading: An Approach to More Efficient Air
Pollution Control,” Journal of Economics and Environmental Management, 18:276-271.

Ramon Clarete and J. Roumasset. 1990. “The Relative Welfare Cost of Industrial and
Agricultural Policy Distortions: A Philippine Illustration,” (with R. Clarete), Oxford Economics
Papers, 1990.

Sumner LaCroix and J. Roumasset. 1990. “The Evolution of Private Property in Nineteenth-
Century Hawaii,” Journal of Economic History, Vol. 50, No. 4.