Do voluntary international environmental agreements work?
AbstractWe consider the effects of international environmental agreements, using the Sofia Protocol on the reduction of nitrogen oxides. Our analysis utilizes panel data from 25 European countries for the period 1980â96. We divide these countries into âparticipantsâ and ânon-participantsââthat is, those that did and those that did not ratify the Sofia Protocol, respectively. Using a difference in difference estimator, we find that signing the treaty has a significant positive impact on emission reduction. The yearly reduction is approximately 2.4 percent greater than it would have been without the Sofia Protocol.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Environmental Economics and Management.
Volume (Year): 50 (2005)
Issue (Month): 3 (November)
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Web page: http://www.elsevier.com/locate/inca/622870
Other versions of this item:
- Bratberg, Espen & Tjøtta, Sigve & Øines, Torgeir, 2003. "Do voluntary international environmental agreements work?," Working Papers in Economics 06/03, University of Bergen, Department of Economics.
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- H49 - Public Economics - - Publicly Provided Goods - - - Other
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
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