The GATT/WTO welfare effects: 1950–2015

• Main Authors: CHANG, Pao-Li, JIN, Wei, YAO, Kefang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: matching estimator; quantitative analysis; welfare; firm entry; income disparity; Growth and Development; International Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/1957; https://ink.library.smu.edu.sg/context/soe_research/article/2956/viewcontent/WTO_MR.pdf
• Institution: Singapore Management University

This paper evaluates the welfare effects of GATT/WTO-induced reductions in tariffs, vari-able and fixed trade costs, based on identified direct effects of membership indicators on trade flows via nonparametric matching estimations. The identification does not require the use of tariff data, which permits a...