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Which International Institutions Promote International Trade?

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Author Info
Andrew Rose

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Abstract

This paper estimates the effect on international trade of three multilateral organizations intended to increase trade: (1) the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT); (2) the International Monetary Fund (IMF); and (3) the Organisation for Economic Co-operation and Development (OECD) and its predecessor the Organisation for European Economic Co-operation (OEEC). I use a standard "gravity" model of bilateral merchandise trade and a large panel dataset covering over 50 years and 175 countries. My results indicate that OECD membership has had a consistently large positive effect on trade, while accession to the GATT/WTO also increases trade. Copyright Blackwell Publishing Ltd 2005.

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File URL: http://www.blackwell-synergy.com/links/doi/10.1111/j.1467-9396.2005.00531.x
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Publisher Info
Article provided by Blackwell Publishing in its journal Review of International Economics.

Volume (Year): 13 (2005)
Issue (Month): 4 (09)
Pages: 682-698
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Handle: RePEc:bla:reviec:v:13:y:2005:i:4:p:682-698

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  1. Witold J. Henisz & Edward D. Mansfield, 2004. "Votes and Vetoes: The Political Determinants of Commercial Openness," William Davidson Institute Working Papers Series 2004-712, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  2. Ronald B. Davies & Johannes Voget, 2008. "Tax Competition in an Expanding European Union," Working Papers 0830, Oxford University Centre for Business Taxation. [Downloadable!]
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  3. Gabriel J. Felbermayr & Wilhelm Kohler, 2007. "Does WTO Membership Make a Difference at the Extensive Margin of World Trade?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  4. Christopher Adam & David Cobham, 2005. "Exchange Rate Regimes and Trade," CERT Discussion Papers 0505, Centre for Economic Reform and Transformation, Heriot Watt University. [Downloadable!]
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  5. URATA Shujiro & OKABE Misa, 2007. "The Impacts of Free Trade Agreements on Trade Flows: An Application of the Gravity Model Approach," Discussion papers 07052, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
  6. Daniel Millimet & Rusty Tchernis, 2006. "On the Specification of Propensity Scores: with an Application to the WTO-Environment Debate," Caepr Working Papers 2006-013, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington. [Downloadable!]
  7. Gabriel J Felbermayr & Julien Prat & Hans-Jörg Schmerer, 2009. "Trade and Unemployment: What do the data say?," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 310/2009, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
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  8. Frank A.G. den Butter & Raphie Hayat, . "Trade between China and the Netherlands: a Case Study of Globalization," Tinbergen Institute Discussion Papers 08-016/3, Tinbergen Institute. [Downloadable!]
  9. Diego Agudelo & Larry Davidson, 2006. "The Gravity of Globalization," Working Papers 2006-15, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
  10. Henri L.F. de Groot & Gert-Jan Linders & Piet Rietveld, 2003. "Why do OECD-Countries trade more?," Tinbergen Institute Discussion Papers 03-092/3, Tinbergen Institute. [Downloadable!]
  11. Wilhelm Kohler & Gabriel Felbermayr, . "WTO Membership and the Extensive Margin of World Trade: New Evidence," Discussion Papers 09/06, University of Nottingham, GEP. [Downloadable!]
  12. Agostino, Maria Rosaria & Aiello, Francesco & Cardamone, Paola, 2007. "Analyzing the Impact of Trade Preferences in Gravity Models. Does Aggregation Matter?," Working Papers 7294, TRADEAG - Agricultural Trade Agreements. [Downloadable!]
  13. Heejoon Kang & Michele Fratianni, 2006. "International Trade, OECD Membership, and Religion," Open Economies Review, Springer, vol. 17(4), pages 493-508, December. [Downloadable!] (restricted)
  14. Elias Papaioannou, 2004. "International Bank Flows:Determinants and Institutional Role," Money Macro and Finance (MMF) Research Group Conference 2004 28, Money Macro and Finance Research Group. [Downloadable!]
  15. Christopher Adam & David Cobham, 2008. "Alternative Exchange Rate Regimes for MENA countries: Gravity Model Estimates of the Trade Effects," CERT Discussion Papers 0803, Centre for Economic Reform and Transformation, Heriot Watt University. [Downloadable!]
  16. Negri, Mariano & Porto, Guido, 2007. "Burley Tobacco Clubs in Malawi: Nonmarket Institutions for Exports," MPRA Paper 6210, University Library of Munich, Germany. [Downloadable!]
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  17. Heejoon Kang & Michele Fratianni, 2006. "International Trade Efficiency, the Gravity Equation, and the Stochastic Frontier," Working Papers 2006-08, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
  18. Gert-Jan M. Linders & Arjen Slangen & Henri L.F. de Groot & Sjoerd Beugelsdijk, 2005. "Cultural and Institutional Determinants of Bilateral Trade Flows," Tinbergen Institute Discussion Papers 05-074/3, Tinbergen Institute. [Downloadable!]
  19. Martin, Philippe & Mayer, Thierry & Thoenig, Mathias, 2005. "Make Trade not War?," CEPR Discussion Papers 5218, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  20. Michele Fratianni & Chang Hoon Oh, 2008. "Expanding RTAs, Trade Flows, and the Multinational Enterprise," Working Papers 2008-02, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
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  21. Tammy Holmes, 2005. "What Drives Regional Trade Agreements that Work?," HEI Working Papers 07-2005, Economics Section, The Graduate Institute of International Studies. [Downloadable!]
  22. Michele Fratianni & Chang Hoon Oh, 2007. "On the Relationship Between RTA Expansion and Openness," Working Papers 2007-13, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
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