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Record Nr. |
UNINA9910816923103321 |
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Autore |
Eicher Theo S |
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Titolo |
In Search of WTO Trade Effects : Preferential Trade Agreements Promote Trade Strongly, But Unevenly / / Theo Eicher, Christian Henn |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-1138-5 |
1-4527-8741-7 |
9786612842535 |
1-4518-7178-3 |
1-282-84253-6 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (32 p.) |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Terms of trade |
Tariff preferences |
Exports and Imports |
Trade Policy |
International Trade Organizations |
Empirical Studies of Trade |
Trade: General |
International economics |
Trade agreements |
Trade balance |
Plurilateral trade |
Imports |
North American Free Trade Agreement |
Commercial treaties |
Balance of trade |
International trade |
Luxembourg |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Data; III. Extending the Empirical Framework to Account for Individual PTA Effects; A. Results: WTO Trade Impact After Controlling for Multilateral Resistance and Individual PTA Effects (Hierarchical, Mutually Exclusive WTO Coding); B. Hierarchical, Mutually Exclusive Coding and SW's "Implicit Industrialized PTA Dummy"; IV. Individual PTA Effects, Multilateral Resistance, and Unobserved Bilateral Heterogeneity |
A. WTO Trade Impact: Controlling for Multilateral Resistance, Unobserved Bilateral Heterogeneity and Individual PTA Effects (Hierarchical/Mutually Exclusive WTO Coding)V. Individual PTA Trade Effects, Multilateral Resistance, and Unobserved Bilateral Hetergeneity (Mutually Inclusive WTO Coding); A. WTO Trade Impact: Controlling for Multilateral Resistance, Unobserved Bilateral Heterogeneity and Individual PTA Effects (Mutually Inclusive WTO Coding); VI. Individual PTA Trade Effects: Sensitivity to Unobserved Bilateral Heterogeneity and Multilateral Resistance Controls; VII. Conclusion |
ReferencesTables; 1. WTO and PTA Effects (Hierarchical, Mutually Exclusive Coding); 1.a. Raw Regression Output; 2. WTO and PTA Effects (Inclusive Coding); Appendices; A1. Membership in considered Preferential Trading Arrangements; A2. Bilateral Preferential Trade Agreements considered in BilateralPTAmxt; A3. List of Countries in sample and year of WTO accession; B1. De jure coding. WTO and PTA Effects (Hierarchical, Mutually Exclusive Coding); B1.a. Raw Regression Output De jure Coding; B2. De jure coding. WTO and PTA Effects (Inclusive Coding) |
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Sommario/riassunto |
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The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose's (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not fully control for multilateral resistance (which could bias WTO estimates). Subramanian and Wei (2007) address multilateral resistance comprehensively to report strong WTO trade effects for industrialized countries but do not account for unobserved bilateral heterogeneity (which could inflate WTO estimates). We unify these two approaches by accounting for both multilateral resistance and unobserved bilateral heterogeneity, while also allowing for individual trade effects of PTAs. WTO effects vanish and remain insignificant throughout once multilateral resistance, unobserved bilateral heterogeneity, and individual PTA effects are introduced. The result is robust to the use of alternative definitions and coding conventions for WTO membership that have been employed by Rose (2004), Tomz et al. (2007), or by Subramanian and Wei's (2007). |
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