Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305288 
Year of Publication: 
2024
Series/Report no.: 
BERG Working Paper Series No. 196
Publisher: 
Bamberg University, Bamberg Economic Research Group (BERG), Bamberg
Abstract: 
Prior research produced contradicting evidence regarding the role of international influence in the diffusion of climate policies. To unravel this puzzle, we examine various policy instruments adopted by G20 countries, demonstrating that peer pressure stimulates convergence in the number of new policies adopted but divergence in their stringency. This suggests that policymakers emulate the appearance of their peers but not the rigor of regulation, creating opportunities for carbon leakage.
Subjects: 
climate change
market instruments
policy adoption
variance decomposition
spatial model
JEL: 
C21
F18
F42
F64
Q56
ISBN: 
978-3-949224-17-1
Document Type: 
Working Paper

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