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Trust and CO2 emissions: cooperation on a global scale

Jo, Ara and Carattini, Stefano (2021) Trust and CO2 emissions: cooperation on a global scale. Journal of Economic Behavior and Organization, 190. 922 - 937. ISSN 0167-2681

[img] Text (Trust and CO2 Emissions. Cooperation on a global scale.) - Accepted Version
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Identification Number: 10.1016/j.jebo.2021.08.010

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.

Item Type: Article
Official URL: https://www.sciencedirect.com/journal/journal-of-e...
Additional Information: © 2021 Elsevier B.V.
Divisions: Economics
Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters
N - Economic History > N5 - Agriculture, Natural Resources, Environment, and Extractive Industries > N50 - General, International, or Comparative
Z - Other Special Topics > Z1 - Cultural Economics; Economic Sociology; Economic Anthropology > Z10 - General
Date Deposited: 01 Oct 2021 09:51
Last Modified: 17 Nov 2021 01:16
URI: http://eprints.lse.ac.uk/id/eprint/112163

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