Are international environmental policies effective? The case of the Rotterdam and the Stockholm Conventions
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Title
Are international environmental policies effective? The case of the Rotterdam and the Stockholm ConventionsDate
2018-06-30Bibliographic citation
NÚÑEZ ROCHA, Thais; MARTINEZ-ZARZOSO, Inmaculada (2018). Are international environmental policies effective? The case of the Rotterdam and the Stockholm Conventions. Economic Modelling, online 30/6/2018Type
info:eu-repo/semantics/articlePublisher version
https://www.sciencedirect.com/science/article/pii/S0264999317316139Version
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Abstract
This is the first paper to show that participation in an international environmental agreement has some effectiveness. Our identification strategy consists of applying difference-in-differences techniques in a panel ... [+]
This is the first paper to show that participation in an international environmental agreement has some effectiveness. Our identification strategy consists of applying difference-in-differences techniques in a panel data framework to various levels of data aggregation. We find that ratification of the Rotterdam Convention (RC) and the Stockholm Convention (SC) leads to a reduction in trade of hazardous substances from OECD to non-OECD countries. In particular, we find that when the exporter ratifies the RC, there is a reduction in the import of hazardous chemicals of about 7 percent. In the case of the SC, the results show significant reductions of around 16 percent in trade shipments of persistent organic pollutants. This reduction is more than double the effect found for the RC, which was expected due to a more restricted obligation imposed by the SC convention. [-]
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