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Vietnam’s Accession to the WTO: Lessons from Past Trade Agreements

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Author Info

  • Philip Abbott

    (Purdue University)

  • Jeanet Bentzen

    (Department of Economics, University of Copenhagen)

  • Finn Tarp

    (Department of Economics, University of Copenhagen)

Abstract

This paper examines Vietnam’s experience with bilateral trade agreements and compares subsequent outcomes with predictions from existing computable general equilibrium (CGE) models. Those model based assessments have greatly underestimated the impact of past agreements. Tariff reform is not the main factor driving economic adjustments, and market imperfections mean there is potential for greater output and trade expansion. The key questions to ask in future research are what critical new institutional reforms WTO accession will bring, and what incentives will be put in place to determine the evolution of investment by sector.

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File URL: http://www.econ.ku.dk/english/research/publications/wp/2007/0706.pdf/
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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 07-06.

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Length: 25 pages
Date of creation: Feb 2007
Date of revision:
Handle: RePEc:kud:kuiedp:0706

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Related research

Keywords: trade liberalization; bilateral trade agreements; WTO accession; Vietnam;

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References

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  1. Ianchovichina, Elena & Robert McDougall & Thomas W. Hertel, 2000. "A Disequilibrium Model of International Capital Mobility," GTAP Working Papers 399, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
  2. Roland-Holst, David & Tarp, Finn & Dinh, Van An & Thanh, Vo Tri & Huong, Pham Lan & Dinh, Hien Minh, 2002. "Vietnam’s Accession to the World Trade Organization: Economic Projections to 2020," MPRA Paper 29417, University Library of Munich, Germany.
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Cited by:
  1. Houssein Guimbard & Hugo Valin, 2008. "Vietnam's Accession to the WTO: Ex-Post Evaluation in a Dynamic Perspective," Working Papers 2008-31, CEPII research center.
  2. Abbott, Philip & Bentzen, Jeanet & Huong, Thi Lan & Tarp, Finn, 2007. "A Critical Review of Studies on the Social and Economic Impacts of Vietnam’s International Economic Integration," MPRA Paper 29789, University Library of Munich, Germany.

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