What Does WTO Membership Kindle in Transition Economies?: An Empirical Investigation
AbstractMany believe that an important benefit from membership in international organizations is the lessening of political constraints to domestic reforms which would, ultimately, generate greater trade openness, FDI inflows and economic growth. These ideas have received limited empirical testing. This paper tries to fill this gap using panel data for 25 transition economies during the 1990s. We find that WTO membership had little impact on trade openness, FDI and growth, but a positive effect on domestic reform (external liberalization). Unfortunately, we can not yet distinguish whether this effect is real or due to the poor measurement of reform.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 19 (2004)
Issue (Month): ()
WTO; Economic reform; Transition economies;
Find related papers by JEL classification:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- P33 - Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
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- Pomfret, Richard, 2005.
"Trade policies in Central Asia after EU enlargement and before Russian WTO accession: Regionalism and integration into the world economy,"
Elsevier, vol. 29(1), pages 32-58, March.
- Richard Pomfret, 2004. "Trade Policies in Central Asia after EU Enlargement and before Russian WTO Accession: Regionalism and Integration into the World Economy," School of Economics Working Papers 2004-13, University of Adelaide, School of Economics.
- Richard Pomfret, 2005. "Trade Policies in Central Asia after EU Enlargement and before Russian WTO accession: Regionalism and Integration into the world economy," Others 0502003, EconWPA.
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