WHY ADOPTION OF THE CLEAN DEVELOPMENT MECHANISM DIFFERS ACROSS COUNTRIES?
The following sections are included:
THEORETICAL FRAMEWORK AND EMPIRICAL MODELS
The Empirical Models
Variables and Hypotheses
DATA AND MEASUREMENTS
ESTIMATION PROCEDURES
RESULTS
Growth of CDM in the World and in Individual Countries
CDM Adoption by the Host Countries
CDM Adoption by the Investor (Annex B) Countries
CONCLUSIONS AND POLICY IMPLICATIONS
REFERENCES
ANNEX 6.1: Methodology for the Data Collection on the Capital Cost Data From Clean Development Mechanism Project Activity
Methods in Obtaining Capital Cost Data
Perspective in Capital Cost Data