The Impact of the Montreal Protocol : An Empirical Analysis of Aggregate and Distributive Impacts

A recent article by Murdoch and Sandler (1997) posited that there had been little, if any, impact on the emission of ozone-depleting substances by reason of the adoption of the Montreal Protocol. They reached this conclusion by examining the changes in a data set of CFC emissions between 1986 and 1989 in a sample of 61 countries. This paper reaches the… CONTINUE READING