Working Paper: CEPR ID: DP3764
Authors: Andrew K. Rose
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.
Keywords: bilateral; empirical; GATT; gravity; IMF; OECD; OEEC; panel; WTO
JEL Codes: F13; F15
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| OECD membership (F53) | Trade (F19) |
| GATT/WTO membership (F13) | Trade (F19) |
| IMF membership (F33) | Trade (F19) |