Discussion Paper Details
Please find the details for DP3764 in an easy to copy and paste format below:
Title: Which International Institutions Promote International Trade?
Author(s): Andrew K Rose
Publication Date: January 2003
Keyword(s): bilateral, emprircal, GATT, gravity, IMF, OECD, OEEC, panel and WTO
Programme Area(s): International Trade and Regional Economics
Abstract: This Paper estimates the effect on international trade of three multilateral organizations intended to increase trade: 1) the World Trade Organization (WTO) and its predecessor the Generalized Agreement on Tariffs and Trade (GATT); 2) the International Monetary Fund (IMF); and 3) the Organization for Economic Cooperation and Development (OECD). I use a standard ?gravity? model of bilateral merchandise trade and a large panel data set covering over 50 years and 175 countries. My results indicate that OECD membership (but neither GATT/WTO nor IMF membership) has had a consistently large positive effect on trade.
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Rose, A. 2003. 'Which International Institutions Promote International Trade?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3764