ABSTRACT
This chapter focuses on a random sample of thirty-one emerging market economies (EMEs) using the Varieties of Capitalism (VoC) variables along with a set of controls to help explain which preexisting economic institutions, and produces the successful or unsuccessful creation of markets for the Clean Development Mechanism (CDM). It introduces a mixed-method research design to test how economic institutions matter in two separate ways. The chapter first uses Qualitative Comparative Analysis (QCA) to identify the common causal patterns responsible for the success or failure of market formation. Then it compares and contrasts these results using a binary logistic regression to establish the statistical significance and overall fit of the model. By using this comparative mixed-method approach. The chapter hope to strengthen its findings and highlight the benefits of the mixed method research design for explaining why some of these late industrializers have been more successful than others in addressing environmental issues.
