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ResearchPaper
2010

Kyoto and the carbon content of trade

Felbermayr, Gabriel Aichele, Rachel
  fzid_dp_2010_10_Felbermayr.pdf  (692.18 KB)

Abstract (English)

A unilateral tax on CO2 emissions may drive up indirect carbon imports from non-committed countries, leading to carbon leakage. Using a gravity model of carbon trade, we analyze the effect of the Kyoto Protocol on the carbon content of bilateral trade. We construct a novel data set of CO2 emissions embodied in bilateral trade flows. Its panel structure allows dealing with endogenous selection of countries into the Protocol. We find strong statistical evidence for Kyoto commitments to affect carbon trade. On average, the Kyoto protocol led to substantial carbon leakage but its total effect on carbon trade was only minor.

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Publication series

FZID discussion papers; 10

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Faculty
Faculty of Business, Economics and Social Sciences
 State Institutes
Institute
Institut für Volkswirtschaftslehre (bis 2010)
 Forschungszentrum Innovation und Dienstleistung

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https://hohpublica.uni-hohenheim.de/handle/123456789/5304

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Language
English

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Classification (DDC)
330 Economics

Collections

Institut für Volkswirtschaftslehre (bis 2010)

Original object

Free keywords

Carbon leakage Gravity model International trade Climate change Embodied emission Input-output analysis

Standardized keywords (GND)

Kohlendioxidemission Kohlenexport Außenhandel Kyoto-Übereinkommen
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