TY  - JOUR
U1  - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed)
A1  - Felbermayr, Gabriel
A1  - Larch, Mario
A1  - Yalcin, Erdal
A1  - Yotov, Yoto V.
T1  - On the heterogeneous trade and welfare effects of GATT/WTO membership
JF  - Review of World Economics
N2  - We quantify the effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980–2016, we find that the average partial equilibrium impact of GATT/WTO membership on trade among member countries is large, positive, and significant. We contribute to the literature by estimating country-specific estimates and find them to vary widely across the countries in our sample with poorer members benefitting more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members. We show that countries not experiencing positive trade effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand.
KW  - GATT
KW  - WTO
KW  - Heterogeneous policy effects
KW  - Welfare
Y1  - 2024
SN  - 1610-2878
SS  - 1610-2878
SN  - 1610-2886
SS  - 1610-2886
U6  - https://doi.org/10.1007/s10290-023-00520-6
DO  - https://doi.org/10.1007/s10290-023-00520-6
N1  - Corresponding author: Yoto V. Yotov
SP  - 26
S1  - 26
PB  - Springer
CY  - Heidelberg
ER  -