Arbeitspapier
On the heterogeneous 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 countries 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: WIFO Working Papers ; No. 643
- Klassifikation
-
Wirtschaft
Trade Policy; International Trade Organizations
Empirical Studies of Trade
- Thema
-
GATT
Welfare
Heterogeneous Policy Effects
WTO
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Felbermayr, Gabriel
Larch, Mario
Yalçin, Erdal
Yotov, Yoto
- Ereignis
-
Veröffentlichung
- (wer)
-
Austrian Institute of Economic Research (WIFO)
- (wo)
-
Vienna
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Felbermayr, Gabriel
- Larch, Mario
- Yalçin, Erdal
- Yotov, Yoto
- Austrian Institute of Economic Research (WIFO)
Entstanden
- 2022
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