Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73788
Authors: 
Aichele, Rahel
Felbermayr, Gabriel J.
Year of Publication: 
2011
Series/Report no.: 
Ifo Working Paper 119
Abstract: 
Many Kyoto countries fear a loss of competitiveness due to unilateral climate policyefforts; policymakers therefore call for carbon-related border tax adjustments. With thispaper we attempt to estimate the treatment effect of Kyoto commitment on bilateralexport flows using regression-adjusted differences-in-differences matching techniques.The gravity and international environmental agreement formation literatures provideguidelines for the choice of matching variables. We find that Kyoto countries' exportsare reduced by 13–14% due to Kyoto commitment. Trade effects are largest in energyintensive,homogeneous industries such as iron and steel, non-ferrous metals, organicand inorganic chemicals but also in machinery and equipment.
Subjects: 
Competitiveness
Kyoto Protocol
matching econometrics
treatment effects
JEL: 
F18
Q54
Q56
Document Type: 
Working Paper

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