The value of making commitments externally : evidence from WTO accessions / Man-Keung Tang, Shang-Jin Wei.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14582.Publication details: Cambridge, Mass. : National Bureau of Economic Research, 2008Description: 48 p. : ill. ; 22 cmSubject(s): World Trade Organization | General Agreement on Tariffs and Trade (Organization) | Treaties -- Accession -- Economic aspects | Developing countries -- Commercial policyLOC classification: HB1 | .N38 no. 14582Online resources: Click here to access online Summary: This paper studies the value of external commitment to policy reforms in the case of WTO/GATT accessions. The accessions often entail reforms that go beyond narrowly defined trade liberalization, and have to overcome fierce resistance in the acceding countries, as reflected in protracted negotiations. We study the growth and investment consequences of WTO/GATT accessions, with attention to a possible selection bias. We find that the accessions tend to raise income , but only for those countries that were subject to rigorous accession procedures. Policy commitments associated with the accessions were helpful, especially for countries with poor governance.
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University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no. 14582 (Browse shelf (Opens below)) | 1 | Available | 0013116398 |
Includes bibliographical references (p. 29-32).
This paper studies the value of external commitment to policy reforms in the case of WTO/GATT accessions. The accessions often entail reforms that go beyond narrowly defined trade liberalization, and have to overcome fierce resistance in the acceding countries, as reflected in protracted negotiations. We study the growth and investment consequences of WTO/GATT accessions, with attention to a possible selection bias. We find that the accessions tend to raise income , but only for those countries that were subject to rigorous accession procedures. Policy commitments associated with the accessions were helpful, especially for countries with poor governance.
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