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Pre and post WTO analysis of south Asian economies: evidence from panel data estimation

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  • Hasanat Shah, Syed
  • Hasnat, Hafsa
  • li, Junjiang
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    Abstract

    By using statistical tools and panel data estimation techniques, this paper examines the impact of WTO (World Trade Organization) on growth, trade and FDI in South Asia. Statistical analysis supports that exports from and imports and FDI inflows to South Asian economies increased significantly after joining the WTO. However, panel data estimation shows that under the WTO regime, the imports and exports contribution to GDP in the region increased, while the role of FDI remained insignificant.

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    File URL: http://mpra.ub.uni-muenchen.de/35634/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 35634.

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    Date of creation: 2010
    Date of revision: 2011
    Publication status: Published in European Journal of Scientific Research 3.66(2011): pp. 337-344
    Handle: RePEc:pra:mprapa:35634

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    Keywords: trade; FDI; growth; panel estimation;

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    1. Man-Keung Tang & Shang-Jin Wei, 2008. "The Value of Making Commitments Externally: Evidence from WTO Accessions," NBER Working Papers 14582, National Bureau of Economic Research, Inc.
    2. Xuepeng Liu, 2009. "GATT/WTO Promotes Trade Strongly: Sample Selection and Model Specification," Review of International Economics, Wiley Blackwell, Wiley Blackwell, vol. 17(3), pages 428-446, 08.
    3. Kenny, Charles & Williams, David, 2001. "What Do We Know About Economic Growth? Or, Why Don't We Know Very Much?," World Development, Elsevier, Elsevier, vol. 29(1), pages 1-22, January.
    4. Peter Egger, 2005. "Alternative Techniques for Estimation of Cross-Section Gravity Models," Review of International Economics, Wiley Blackwell, Wiley Blackwell, vol. 13(5), pages 881-891, November.
    5. Michael Tomz & Judith L. Goldstein & Douglas Rivers, 2007. "Do We Really Know That the WTO Increases Trade? Comment," American Economic Review, American Economic Association, American Economic Association, vol. 97(5), pages 2005-2018, December.
    6. Daniel Hoechle, 2007. "Robust standard errors for panel regressions with cross-sectional dependence," Stata Journal, StataCorp LP, StataCorp LP, vol. 7(3), pages 281-312, September.
    7. J. Mutti & R. Sampson & B. Yeung, 2000. "The effects of the Uruguay round: empirical evidence from U.S. industry," Contemporary Economic Policy, Western Economic Association International, Western Economic Association International, vol. 18(1), pages 59-69, 01.
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