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WTO at the Margins

2006-12-14 Law
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Release : 2006-12-14
Genre : Law
Kind : eBook
Book Rating : 544/5 ( reviews)

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Book Synopsis WTO at the Margins by : Roman Grynberg

Download or read book WTO at the Margins written by Roman Grynberg. This book was released on 2006-12-14. Available in PDF, EPUB and Kindle. Book excerpt: At a pivotal point in the history of the WTO, when development issues are at the heart of negotiations, how the larger and more powerful members address the legitimate concerns of its poorest and most vulnerable members will shape the perception of the institution throughout the century. This book aims not only to document almost ten years of experience of small states with the WTO but also to explain this experience. It takes an evidential theory approach to explaining the features characteristic to the trade and economic development of small island states. It then highlights the issues of concern to these states in relation to negotiations at the WTO. The experience of the African Caribbean and Pacific (ACP) countries with the WTO dispute settlement mechanism is discussed, and the book ends with a discussion of key negotiating issues for the island states and institutional arrangements to facilitate reform.

Does WTO Matter for the Extensive and the Intensive Margins of Trade?

2011 International trade
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Release : 2011
Genre : International trade
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Book Synopsis Does WTO Matter for the Extensive and the Intensive Margins of Trade? by : Pushan Dutt

Download or read book Does WTO Matter for the Extensive and the Intensive Margins of Trade? written by Pushan Dutt. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: We use 6-digit bilateral trade data to document the effect of WTO/GATT membership on the extensive and intensive product margins of trade. We construct gravity equations for the two product margins where the specifications of these gravity equations are motivated by the model of Eaton and Kortum (2002). The data show that the puzzle of no significant impact of WTO membership on trade documented by Rose (2004) manifests itself differently at the product margins of trade. We show that the impact of the WTO is almost exclusively on the extensive product margin of trade, i.e. trade in goods that were not previously traded. In our preferred specification, WTO membership increases the extensive margin of exports by 31%. At the same time, WTO membership has a negligible or even a negative impact on the intensive margin (the volume of already-traded goods). Incidentally, we also document that standard gravity variables provide good explanatory power for bilateral trade on both margins.

Trading on the Margins

2014 Developing countries
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Release : 2014
Genre : Developing countries
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Book Synopsis Trading on the Margins by : Alison Goodrum

Download or read book Trading on the Margins written by Alison Goodrum. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: Building off of the analysis and statistical technique of Liu (2009), this paper examines the intersection between membership in the World Trade Organization and development status and their effects on the intensive and extensive margins of trade. This paper uses year by country pair panel data spanning the years 1950 to 2003 and covering 28,442 country pairs. Guided by the Helpman, Melitz and Rubinstein (2008) model of heterogeneous firms, this paper finds that the intersection between development status and WTO membership has a positive net effect on trade flows. Contrary to the previous literature, however, the net effects across the intensive and extensive margin are equivalent, suggesting that membership in the WTO both creates new trading partners and causes pre-existing partners to trade more.

Modelling the Extensive Margin of World Trade

2011
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Release : 2011
Genre :
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Book Synopsis Modelling the Extensive Margin of World Trade by : Gabriel J. Felbermayr

Download or read book Modelling the Extensive Margin of World Trade written by Gabriel J. Felbermayr. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: Recent literature has argued that, contrary to the results of a seminal paper by Rose (2004), General Agreement on Tariffs and Trade (GATT)/World Trade Organization (WTO) membership does promote bilateral trade, at least for developed economies and if membership includes non-formal compliance. We review the literature to identify open issues. We then develop a simple extension of the gravity model that gives rise to an extensive country margin of trade separating positive trade from zero trade country pairs. The model is used to identify WTO membership effects at both the intensive and the extensive margins. Empirical estimation of this model, based on Poisson pseudo-maximum likelihood methods with exporter and importer fixed effects, allows us to readdress the empirical issue of whether GATT/WTO membership does or does not promote trade. We find that GATT membership was successful on the extensive margin of world trade but not on the intensive margin. For the recent WTO episode (1995-2008), we find consistent and robust evidence for a substantial trade-creating role of membership which is driven primarily by the intensive margin. WTO membership results in higher bilateral trade of about 40 per cent.

Does WTO Membership Make a Difference at the Extensive Margin of World Trade?

2007
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Release : 2007
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Book Synopsis Does WTO Membership Make a Difference at the Extensive Margin of World Trade? by : Gabriel J. Felbermayr

Download or read book Does WTO Membership Make a Difference at the Extensive Margin of World Trade? written by Gabriel J. Felbermayr. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt:

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