A cross-country analysis of the effect of economic preferences and financial structures on nitrous oxide emissions
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2024-07-05
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en
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Recent discussions about nitrous oxide emissions put pressure on agricultural and industrial sectors. The impact this less-known greenhouse gas has on climate change is larger than initially thought. This study investigates the influence of socio-economic drivers and financial structures on N2O emissions through various regression analyses. The baseline results show inconsistent outcomes which demand for further investigation. Patience, trust, and financial structures cannot explain cross-country variations. The cross-sectional analyses reveal a significant impact of negative reciprocity on N2O emissions. Robustness tests yield significant results when the dependent variable is changed. Interestingly, the country sample matters when explaining cross-country variation in N2O emissions. A Relatively more bank-based financial structure decreases N2O emissions per capita in the adjusted country-sample, emphasizing that different country characteristics could reveal crucial insights in climate change mitigation. The findings of this paper regarding factors affecting nitrous oxides show inconsistency. Therefore, further research is recommended to investigate causes of N2O emissions.
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Faculteit der Managementwetenschappen