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Do We Really Know That the WTO Increases Trade? Revisited

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  • Kim Myeong Hwan

    (Indiana University-Purdue University Fort Wayne)

Abstract

In this study, we revisit a recent study that examined the role of GATT/WTO membership on trade flows. With this aim, we re-examine Rose (2004a)'s study and extend the data until 2007. Furthermore, we alternatively estimate the role of the organization, GATT/WTO, on trade by including more control variables that are believed to influence bilateral trade such as a defense pact (military alliance), military disputes, joint democracy and policy similarity. Empirical results clearly demonstrate that GATT/WTO membership does have a significant positive effect on trade.

Suggested Citation

  • Kim Myeong Hwan, 2011. "Do We Really Know That the WTO Increases Trade? Revisited," Global Economy Journal, De Gruyter, vol. 11(2), pages 1-21, July.
    • Handle: RePEc:bpj:glecon:v:11:y:2011:i:2:n:4
    DOI: 10.2202/1524-5861.1728
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    References listed on IDEAS

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    1. Rose, Andrew K., 2004. "Do WTO members have more liberal trade policy?," Journal of International Economics, Elsevier, vol. 63(2), pages 209-235, July.
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    Cited by:

    1. Jesse C. Johnson & Brett Ashley Leeds & Ahra Wu, 2015. "Capability, Credibility, and Extended General Deterrence," International Interactions, Taylor & Francis Journals, vol. 41(2), pages 309-336, March.
    2. Stephen W. Hartman, 2013. "The WTO, the Doha Round Impasse, PTAs, and FTAs/RTAs," The International Trade Journal, Taylor & Francis Journals, vol. 27(5), pages 411-430, December.
    3. Toritseju Rita Pessu & Fredrick Agboma, 2018. "Dwarfed Giant: Impact of Trade and Related Policies on SMEs in the Nigerian Textile Industry," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(6), pages 602-629, June.
    4. Permani Risti, 2011. "The Impacts of Trade Liberalisation and Technological Change on GDP Growth in Indonesia: A Meta Regression Analysis," Global Economy Journal, De Gruyter, vol. 11(4), pages 1-30, December.

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