Does the WTO make trade more stable?
By: Andrew K. Rose.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10207; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10207.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: World Trade Organization.; General Agreement on Tariffs and Trade (Organization); International trade.
Description: "I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) has increased the stability and predictability of trade flows.  I use a large data set covering annual bilateral trade flows between over 175 countries between 1950 and 1999, and estimate the effect of GATT/WTO membership on the coefficient of variation in trade computed over 25-year samples, controlling for a number of factors.  I also use a comparable multilateral data set.  There is little evidence that membership in the GATT/WTO has a significant dampening effect on trade volatility"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.