The Impact Of GATT On International Trade: Evidence From Structural Break Analysis
In this study we test for structural changes in international trade patterns of 77 countries over the post-WWII period, to examine if they experienced a substantial increase in their trade ratios following major GATT rounds such as the Kennedy Round, or after joining GATT. Our results show that trade ratios of most of these countries exhibited structural breaks in their time paths, however, most of the postbreak paths were below the extrapolated prebreak paths. Furthermore, while the significant break years coincided closely with major regional and international events such as the oil shocks of the 70s and the East-Asian financial crisis in 1997, they occurred far before or after the time of a country's accession to GATT or the time of the major GATT rounds.
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| Length: | 23pages |
| Date of creation: | 2007 |
| Handle: | RePEc:bgu:wpaper:0712 |
| Contact details of provider: | Postal: P.O.B 653, Beer-Sheva 8410501 Phone: +972-8-647-2268 Fax: +972-8-647-2941 Web page: http://www.bgu.ac.il/econ More information through EDIRC
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- Subramanian, Arvind & Wei, Shang-Jin, 2007.
"The WTO promotes trade, strongly but unevenly,"
Journal of International Economics,
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- Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
- Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
- Paul Krugman, 1995. "Growing World Trade: Causes and Consequences," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 327-377. Full references (including those not matched with items on IDEAS)
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