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The WTO Trade Effect

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dc.contributor.authorChang, Pao-Li
dc.contributor.authorLee, Myoung-Jae
dc.date.accessioned2015-12-08T22:16:00Z
dc.date.issued2011
dc.date.updated2016-02-24T11:13:25Z
dc.description.abstractThis paper re-examines the GATT/WTO membership effect on bilateral trade flows, using nonparametric methods including pair-matching, permutation tests, and a Rosenbaum (2002) sensitivity analysis. Together, these methods provide an estimation framework that is robust to misspecification bias, allows general forms of heterogeneous membership effects, and addresses potential hidden selection bias. This is in contrast to most conventional parametric studies on this issue. Our results suggest large GATT/WTO trade-promoting effects that are robust to various restricted matching criteria, alternative GATT/WTO indicators, non-random incidence of positive trade flows, inclusion of multilateral resistance terms, and different matching methodologies.
dc.identifier.issn0022-1996
dc.identifier.urihttp://hdl.handle.net/1885/30488
dc.publisherElsevier
dc.sourceJournal of International Economics
dc.subjectKeywords: bilateral agreement; GATT; multilateral trade; sensitivity analysis; trade flow; World Trade Organization Matching; Permutation test; Sensitivity analysis; Signed-rank test; Trade flow; Treatment effect
dc.titleThe WTO Trade Effect
dc.typeJournal article
local.bibliographicCitation.issue1
local.bibliographicCitation.lastpage71
local.bibliographicCitation.startpage53
local.contributor.affiliationChang, Pao-Li, Singapore Management University
local.contributor.affiliationLee, Myoung-Jae, College of Business and Economics, ANU
local.contributor.authoruidLee, Myoung-Jae, u3682402
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140304 - Panel Data Analysis
local.identifier.absfor140210 - International Economics and International Finance
local.identifier.absseo910301 - International Agreements on Trade
local.identifier.ariespublicationu4602557xPUB74
local.identifier.citationvolume85
local.identifier.doi10.1016/j.jinteco.2011.05.011
local.identifier.scopusID2-s2.0-80052268846
local.type.statusPublished Version

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