Year: 2002
Type: report
Abstract: This paper estimates the effect on international trade of multilateral trade agreements: the World Trade Organization (WTO), its predecessor the Generalized Agreement on Tariffs and Trade (GATT), and the Generalized System of Preferences (GSP) extended from rich countries to developing countries.I use a standard "gravity" model of bilateral merchandise trade and a large panel data set covering over fifty years and 175 countries.An extensive search reveals little evidence that countries joining or belonging to the GATT/WTO have different trade patterns than outsiders.The GSP does seem to have a strong effect, and is associated with an approximate doubling of trade.
DOI: 10.3386/w9273
Author: Andrew Rose
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2584056471