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Does the GATT/WTO promote trade? After all, Rose was right

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Does the GATT/WTO promote trade? After all, Rose was right

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dc.contributor.author Esteve Pérez, Silviano
dc.contributor.author Gil Pareja, Salvador
dc.contributor.author Llorca Vivero, Rafael
dc.date.accessioned 2022-05-18T14:42:20Z
dc.date.available 2022-05-18T14:42:20Z
dc.date.issued 2020
dc.identifier.citation Esteve Pérez, Silviano Gil Pareja, Salvador Llorca Vivero, Rafael 2020 Does the GATT/WTO promote trade? After all, Rose was right Review Of World Economics 156 2 377 405
dc.identifier.uri https://hdl.handle.net/10550/82836
dc.description.abstract This paper re-examines the efect of the GATT/WTO on trade using recent econometric developments that allow us estimating structural gravity equations with the Poisson pseudo-maximum likelihood (PPML) estimator on a large dataset that requires computing high-dimensional fxed efects. By doing so, we overcome computational limitations that are present in previous studies. In line with Rose's (Am Econ Rev 94:98-114, 2004) seminal work, we fnd that, unlike regional trade agreements and currency unions, the GATT/WTO accession has not generated positive trade efects. This result is robust to the use of alternative measures of trade fows, across periods and country groups, to changes in the periodicity of the data, when taking into account the GATT/WTO accession dynamics, to controlling for the participation of only one country of the dyad in GATT/WTO, to the consideration of non-member participants, and to the use of alternative datasets. Notwithstanding, we also find that PPML results are sensitive to the defnition of the dependent variable.
dc.language.iso eng
dc.relation.ispartof Review Of World Economics, 2020, vol. 156, num. 2, p. 377-405
dc.subject Economia Mètodes estadístics
dc.subject Comerç Regulació
dc.title Does the GATT/WTO promote trade? After all, Rose was right
dc.type journal article es_ES
dc.date.updated 2022-05-18T14:42:20Z
dc.identifier.doi 10.1007/s10290-019-00367-w
dc.identifier.idgrec 144819
dc.rights.accessRights open access es_ES

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