Domestic institutional quality and the effectiveness of global Greenhouse gases mitigation
Keyword(s):
This study addressed the effectiveness of Kyoto Protocol (KP) as an international institution and the interplay of domestic institutions and KP by employing a difference-in-difference estimation. The results indicated low effectiveness, in general, but not ineffectiveness. Regarding the KP, not only its formal and defined rules but also the demonstration of the intention to cooperate was bound to influence emissions’ reduction. Domestic institutions were more influential than the effects of KP international institution. However, political, legal rights, and economic institutional qualities presented distinct effects over emissions’ mitigation.