Trust and CO2 emissions: Cooperation on a global scale

Ara Jo and Stefano Carattini

Journal of Economic Behavior & Organization, 2021, vol. 190, issue C, 922-937

Abstract: Although the effect of trust on local cooperation is well-documented, little is known about how trust influences global cooperation. Building on a large body of theoretical and experimental literature, we hypothesize that trust shared in a society may positively affect global cooperative behavior. We provide empirical evidence in the context of climate change that an increase in trust is associated with a larger reduction in CO2 emissions across countries, controlling for country fixed effects and a number of time-varying factors. As a falsification test, we estimate the relationship on an earlier period when there was no concern of man-made climate change (before the 1980s) and find no impact of trust on CO2 emissions during that period.

Keywords: Trust; Cooperation; Climate change (search for similar items in EconPapers)
JEL-codes: N50 Q54 Z10 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Trust and CO2 emissions: cooperation on a global scale (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:190:y:2021:i:c:p:922-937

DOI: 10.1016/j.jebo.2021.08.010

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