Title: Institutions and cultures on people’s willingness to pay for climate change policies: A meta-regression analysis

Abstract

This paper provides a comprehensive analysis of the effects of institutions and cultures on people’s willingness to pay (WTP) for climate change policies, by conducting a meta-regression analysis of 1,501 WTP estimates retrieved from 224 studies conducted in 47 countries. The objective of this paper is to examine the influence of institutions and cultures as well as other important factors on WTP for combating climate changes. The findings of the study indicate that people in less-corrupt countries are more willing to contribute for tackling climate changes, while societies that are characterised by greater indulgence and uncertainty avoidance extend lesser support towards climate change mitigation and adaptation efforts. The types of climate change policies also appear to matter. Compared to green electricity policy, WTP is higher for energy-efficient vehicle policy, and lower for agricultural adaptation policy. Policies directed towards CO2 emission and latitudinal position have a positive effect on WTP. These results suggest that institutions and cultures are crucial in promoting the public acceptance of climate change policies.

Biography

Mayula Chaikumbung is a Lecturer in the Department of Economics in Chiang Mai University, Thailand. Mayula received a Ph.D. in economics from Deakin University, Australia in 2013.