Arbeitspapier
On the heterogenous trade and welfare effects of GATT/WTO membership
We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is large, positive, and significant. We contribute to the literature by estimating country-specific estimates and find them to vary widely across the countries in our sample with poorer members benefitting more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members, and relatively small for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand.
- Language
-
Englisch
- Bibliographic citation
-
Series: FIW Working Paper ; No. 195
- Classification
-
Wirtschaft
Trade Policy; International Trade Organizations
Empirical Studies of Trade
- Subject
-
GATT
WTO
Heterogenous Policy Effects
Welfare
- Event
-
Geistige Schöpfung
- (who)
-
Felbermayr, Gabriel
Larch, Mario
Yalçin, Erdal
Yotov, Yoto
- Event
-
Veröffentlichung
- (who)
-
FIW - Research Centre International Economics
- (where)
-
Vienna
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Felbermayr, Gabriel
- Larch, Mario
- Yalçin, Erdal
- Yotov, Yoto
- FIW - Research Centre International Economics
Time of origin
- 2022
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