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The Effect of Membership in the GATT/WTO on Trade: Where Do We Stand?

In: Is the World Trade Organization Attractive Enough for Emerging Economies?

Author

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  • Andrew K. Rose

Abstract

Around four years ago I began to work on the effects of the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT).1 I was interested in quantifying the effects of membership in these multilateral trade organizations on international trade. I fully expected to find a large positive effect and was primarily interested in comparing this to the effects of other things that enhanced trade (particularly the effects of currency unions). However, I was astonished to find that a naïve look at the data yielded little evidence that membership of GATT/the WTO had an effect on trade that was either economically or statistically substantive. In this chapter, I review the small literature that has developed around this issue.

Suggested Citation

  • Andrew K. Rose, 2010. "The Effect of Membership in the GATT/WTO on Trade: Where Do We Stand?," Palgrave Macmillan Books, in: Zdenek Drabek (ed.), Is the World Trade Organization Attractive Enough for Emerging Economies?, chapter 7, pages 195-216, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25082-6_8
    DOI: 10.1057/9780230250826_8
    as

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