In search of WTO trade effects : preferential trade agreements promote trade strongly, but unevenly / prepared by Theo S. Eicher and Christian Henn.

The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose's (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not f...

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Bibliographic Details
Main Authors: Eicher, Theo S. (Author), Henn, Christian, 1978- (Author)
Format: eBook
Language:English
Published: [Washington D.C.] : International Monetary Fund, 2009.
Series:IMF working paper ; WP/09/31.
Subjects:
Online Access:Click for online access

MARC

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100 1 |a Eicher, Theo S.,  |e author. 
245 1 0 |a In search of WTO trade effects :  |b preferential trade agreements promote trade strongly, but unevenly /  |c prepared by Theo S. Eicher and Christian Henn. 
260 |a [Washington D.C.] :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (30 pages). 
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490 1 |a IMF working paper ;  |v WP/09/31 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
520 3 |a The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose's (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not fully control for multilateral resistance (which could bias WTO estimates). Subramanian and Wei (2007) address multilateral resistance comprehensively to report strong WTO trade effects for industrialized countries but do not account for unobserved bilateral heterogeneity (which could inflate WTO estimates). We unify these two approaches by accounting for both multilateral resistance and unobserved bilateral heterogeneity, while also allowing for individual trade effects of PTAs. WTO effects vanish and remain insignificant throughout once multilateral resistance, unobserved bilateral heterogeneity, and individual PTA effects are introduced. The result is robust to the use of alternative definitions and coding conventions for WTO membership that have been employed by Rose (2004), Tomz et al. (2007), or by Subramanian and Wei's (2007). 
505 0 |a I. Introduction; II. Data; III. Extending the Empirical Framework to Account for Individual PTA Effects; A. Results: WTO Trade Impact After Controlling for Multilateral Resistance and Individual PTA Effects (Hierarchical, Mutually Exclusive WTO Coding); B. Hierarchical, Mutually Exclusive Coding and SW's "Implicit Industrialized PTA Dummy"; IV. Individual PTA Effects, Multilateral Resistance, and Unobserved Bilateral Heterogeneity. 
505 8 |a A. WTO Trade Impact: Controlling for Multilateral Resistance, Unobserved Bilateral Heterogeneity and Individual PTA Effects (Hierarchical/Mutually Exclusive WTO Coding)V. Individual PTA Trade Effects, Multilateral Resistance, and Unobserved Bilateral Hetergeneity (Mutually Inclusive WTO Coding); A. WTO Trade Impact: Controlling for Multilateral Resistance, Unobserved Bilateral Heterogeneity and Individual PTA Effects (Mutually Inclusive WTO Coding); VI. Individual PTA Trade Effects: Sensitivity to Unobserved Bilateral Heterogeneity and Multilateral Resistance Controls; VII. Conclusion. 
650 0 |a Terms of trade. 
650 0 |a Tariff preferences. 
650 7 |a Tariff preferences  |2 fast 
650 7 |a Terms of trade  |2 fast 
700 1 |a Henn, Christian,  |d 1978-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjDgrDvvPpC9hJkKCPXPgq 
776 0 8 |i Print version:  |a Eicher, Theo S.  |t In Search of WTO Trade Effects:Preferential Trade Agreements Promote Trade Strongly, But Unevenly.  |d Washington : International Monetary Fund, ©2009  |z 9781451871784 
830 0 |a IMF working paper ;  |v WP/09/31. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1608176  |y Click for online access 
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