04585nam 2200637Ia 450 991081692310332120200520144314.01-4623-1138-51-4527-8741-797866128425351-4518-7178-31-282-84253-6(CKB)3170000000055203(EBL)1608176(SSID)ssj0000941480(PQKBManifestationID)11473995(PQKBTitleCode)TC0000941480(PQKBWorkID)10963971(PQKB)11134282(OCoLC)680613619(IMF)WPIEE2009031(MiAaPQ)EBC1608176(EXLCZ)99317000000005520320041202d2009 uf 0engur|n|---|||||txtccrIn search of WTO trade effects preferential trade agreements promote trade strongly, but unevenly /prepared by Theo S. Eicher and Christian Henn1st ed.[Washington D.C.] International Monetary Fund20091 online resource (32 p.)IMF working paper ;WP/09/31Description based upon print version of record.1-4519-1614-0 Includes bibliographical references.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 HeterogeneityA. 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. ConclusionReferencesTables; 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)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).IMF working paper ;WP/09/31.Terms of tradeTariff preferencesTerms of trade.Tariff preferences.382.3;382.30973Eicher Theo S1176252Henn Christian1978-1760029MiAaPQMiAaPQMiAaPQBOOK9910816923103321In search of WTO trade effects4198778UNINA