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Which International Institutions Promote International Trade?

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  • Rose, Andrew K

Abstract

This Paper estimates the effect on international trade of three multilateral organizations intended to increase trade: 1) the World Trade Organization (WTO) and its predecessor the Generalized Agreement on Tariffs and Trade (GATT); 2) the International Monetary Fund (IMF); and 3) the Organization for Economic Cooperation and Development (OECD). I use a standard ‘gravity’ model of bilateral merchandise trade and a large panel data set covering over 50 years and 175 countries. My results indicate that OECD membership (but neither GATT/WTO nor IMF membership) has had a consistently large positive effect on trade.

Suggested Citation

  • Rose, Andrew K, 2003. "Which International Institutions Promote International Trade?," CEPR Discussion Papers 3764, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:3764
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    More about this item

    Keywords

    bilateral; emprircal; GATT; gravity; IMF; OECD; OEEC; panel; WTO;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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