Estimating the effects of Kyoto on bilateral trade flows using matching econometrics
Rahel Aichele,
Gabriel Felbermayr and
Gabriel J. Felbermayr
Authors registered in the RePEc Author Service: Gabriel J Felbermayr
No 119, ifo Working Paper Series from ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Abstract:
Many Kyoto countries fear a loss of competitiveness due to unilateral climate policy efforts; policymakers therefore call for carbon-related border tax adjustments. With this paper we attempt to estimate the treatment effect of Kyoto commitment on bilateral export flows using regression-adjusted differences-in-differences matching techniques. The gravity and international environmental agreement formation literatures provide guidelines for the choice of matching variables. We find that Kyoto countries' exports are reduced by 13–14% due to Kyoto commitment. Trade effects are largest in energyintensive, homogeneous industries such as iron and steel, non-ferrous metals, organic and inorganic chemicals but also in machinery and equipment.
JEL-codes: F18 Q54 Q56 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (5)
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https://www.ifo.de/DocDL/IfoWorkingPaper-119.pdf (application/pdf)
Related works:
Journal Article: Estimating the Effects of Kyoto on Bilateral Trade Flows Using Matching Econometrics (2013) 
Working Paper: Estimating the Effects of Kyoto on Bilateral Trade Flows Using Matching Econometrics (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ifowps:_119
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