Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57302 
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dc.contributor.authorGrunewald, Nicoleen
dc.contributor.authorMartínez-Zarzoso, Inmaculadaen
dc.date.accessioned2011-09-19-
dc.date.accessioned2012-04-20T15:53:11Z-
dc.date.available2012-04-20T15:53:11Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aGeorg-August-Universität Göttingen, Ibero-America Institute for Economic Research (IAI) |cGöttingenen
dc.relation.ispartofseries|aIAI Discussion Papers |x212en
dc.subject.jelQ54en
dc.subject.jelQ56en
dc.subject.ddc330en
dc.subject.keywordEnvironmental Kuznets Curveen
dc.subject.keywordKyoto Protocolen
dc.subject.keywordPanel Dataen
dc.subject.keywordClean Development Mechanismen
dc.subject.stwKlimaschutzen
dc.subject.stwUmweltabkommenen
dc.subject.stwWirkungsanalyseen
dc.subject.stwKohlendioxiden
dc.subject.stwLuftverunreinigungen
dc.subject.stwEnvironmental Kuznets Curveen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleHow well did the Kyoto Protocol work? A dynamic-GMM approach with external instruments-
dc.typeWorking Paperen
dc.identifier.ppn66848425Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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