Do we really know that the WTO increases trade?
In: EUI working papers
In: Robert Schuman Centre 03,15
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In: EUI working papers
In: Robert Schuman Centre 03,15
In: Working paper series 8853
In: Discussion paper series 929
In: Economics & politics, Volume 28, Issue 2, p. 216-232
ISSN: 1468-0343
In this paper, I quantify a gain that a country receives when its global influence is considered to be admirable by others. I use a standard gravity model of bilateral exports, a panel of data from 2006 through 2013, and an annual survey conducted for the BBC by GlobeScan which asks people in up to 46 countries about whether each of up to 17 countries were perceived to have "a mainly positive or negative influence in the world." Holding other things constant, a country's exports are higher if it is perceived by the importer to be exerting a more positive global influence. This effect is statistically and economically significant; a 1% net increase in perceived positive influence raises exports by around .8 percent. Succinctly, countries receive a commercial return on their soft power.
In: Economics & politics, Volume 28, Issue 2, p. 216-232
ISSN: 0954-1985
In: Economic policy, Volume 28, Issue 76, p. 569-612
ISSN: 1468-0327
In: American economic review, Volume 97, Issue 5, p. 2019-2025
ISSN: 1944-7981
In: Journal of development economics, Volume 77, Issue 1, p. 189-206
ISSN: 0304-3878
In: Journal of international economics, Volume 63, Issue 2, p. 209-235
ISSN: 0022-1996
In: American economic review, Volume 94, Issue 1, p. 98-114
ISSN: 1944-7981
This paper estimates the effect on international trade of multilateral trade agreements—the World Trade Organization (WTO), its predecessor the General Agreement on Tariffs and Trade (GATT), and the Generalized System of Preferences (GSP) extended from rich countries to developing countries. I use a standard "gravity" model of bilateral merchandise trade and a large panel data set covering over 50 years and 175 countries. An extensive search reveals little evidence that countries joining or belonging to the GATT/WTO have different trade patterns from outsiders, though the GSP seems to have a strong effect.
In: NBER macroeconomics annual, Volume 17, p. 349-353
ISSN: 1537-2642
In: The Canadian Journal of Economics, Volume 24, Issue 2, p. 417
In: Journal of international economics, Volume 30, Issue 3-4, p. 301-316
ISSN: 0022-1996
In: NBER-East Asia Seminar on Economics
In: National Bureau of Economic Research East Asia Seminar on Economics v.13
Considering the examples of Australia and the Pacific Rim, Growth and Productivity in East Asia offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology.Takatoshi Ito and Andrew K. Rose have organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. Growth and Productivity in East Asia
In: NBER-East Asia Seminar on Economics
The practice of trading across international borders has undergone a series of changes with great consequences for the world trading community, the result of new trade agreements, a number of financial crises, the emergence of the World Trade Organization, and countless other less obvious developments. In International Trade in East Asia, a group of esteemed contributors provides a summary of empirical factors of international trade specifically as they pertain to East Asian countries such as China, Japan, Korea, and Taiwan.Comprised of twelve fascinating studies, International Trade in East A