Arbeitspapier
How WTO commitments tame uncertainty
This paper studies how WTO rules and flexibilities shape its members' trade policy responses to import shocks. Guided by a cost benefit analysis model and using a unique database of tariff bindings for all WTO countries over the 1996-2011 period, we show that WTO commitments affect members' trade policy. More stringent bindings reduce the likelihood of responding to import shocks by raising tariffs and increase the likelihood of contingent measures. We argue that this reduces overall trade policy uncertainty. In a counterfactual scenario where WTO members can arbitrarily increase tariffs they are 4.5 times more likely to do so than under current bindings.
- Sprache
-
Englisch
- Erschienen in
-
Series: WTO Staff Working Paper ; No. ERSD-2019-06
- Klassifikation
-
Wirtschaft
Trade Policy; International Trade Organizations
Empirical Studies of Trade
International Agreements and Observance; International Organizations
- Thema
-
trade agreements
trade policy
trade policy uncertainty
anti-dumping
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jakubik, Adam
Piermartini, Roberta
- Ereignis
-
Veröffentlichung
- (wer)
-
World Trade Organization (WTO)
- (wo)
-
Geneva
- (wann)
-
2019
- DOI
-
doi:10.30875/d1a7253c-en
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Jakubik, Adam
- Piermartini, Roberta
- World Trade Organization (WTO)
Entstanden
- 2019
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