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dc.contributor.authorGrunewald, Nicoleen_US
dc.contributor.authorMartínez-Zarzoso, Inmaculadaen_US
dc.date.accessioned2011-09-19en_US
dc.date.accessioned2012-04-20T15:53:11Z-
dc.date.available2012-04-20T15:53:11Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/57302-
dc.description.abstractThis paper assesses the impact of the Kyoto Protocol on CO2 emissions. With this aim a dynamic panel data model is estimated for a cross-section of 213 countries over the period 1960 to 2009. The model, based on a STIRPAT approach, also integrates the EKC approach and specifically considers the endogeneity of the policy variable. To sort out causality the number of financed CDM projects is used as an external instrument. The main results indicate that obligations from the Kyoto Protocol have a measurable reducing effect on CO2 emissions and indicate that a treaty often seen as failed in fact may be producing some non-trivial effects.en_US
dc.language.isoengen_US
dc.publisherIbero-Amerika-Inst. für Wirtschaftsforschung Göttingenen_US
dc.relation.ispartofseriesDiscussion papers, Ibero America Institute for Economic Research 212en_US
dc.subject.jelQ54en_US
dc.subject.jelQ56en_US
dc.subject.ddc330en_US
dc.subject.keywordEnvironmental Kuznets Curveen_US
dc.subject.keywordKyoto Protocolen_US
dc.subject.keywordPanel Dataen_US
dc.subject.keywordClean Development Mechanismen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwUmweltabkommenen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwLuftverunreinigungen_US
dc.subject.stwEnvironmental Kuznets Curveen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleHow well did the Kyoto Protocol work? A dynamic-GMM approach with external instrumentsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn66848425Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Discussion Papers, IAI, Universität Göttingen

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