Hasanat Shah, Syed and Hasnat, Hafsa and li, Junjiang (2010): Pre and post WTO analysis of south Asian economies: evidence from panel data estimation. Published in: European Journal of Scientific Research , Vol. 66, No. 3 (2011): pp. 337-344.
Download (753kB) | Preview
By using statistical tools and panel data estimation techniques, this paper examines the impact of WTO (World Trade Organization) on growth, trade and FDI in South Asia. Statistical analysis supports that exports from and imports and FDI inflows to South Asian economies increased significantly after joining the WTO. However, panel data estimation shows that under the WTO regime, the imports and exports contribution to GDP in the region increased, while the role of FDI remained insignificant.
|Item Type:||MPRA Paper|
|Original Title:||Pre and post WTO analysis of south Asian economies: evidence from panel data estimation|
|Keywords:||trade, FDI, growth, panel estimation|
|Subjects:||F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations
F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements
|Depositing User:||Hasanat Shah Syed|
|Date Deposited:||31. Dec 2011 00:37|
|Last Modified:||14. Mar 2015 07:17|
1. Baltagi, B. H. (2008), “Econometric Analysis of Panel Data”, Wiley and Sons, Chichester, 4th edition.
2. Bhagwati, J. (1978), “Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Contrast Regimes”, Cambridge, MA, Ballinger Publishing Company.
3. Chang, H. J. (2002), “Kicking Away the Ladder: Development Strategy in Historical Perspective”, (Anthem; 2002).
4. Egger, P. (2005), ‘Alternative Techniques for Estimation of Cross-section Gravity Models’, Review of International Economics, Vol. 13 (5): 881–91.
5. Evenett, S. J. (2005). ‘What is known about the effects of WTO accession on developing countries? A brief overview of the literature’, in Trumm, S. (ed.), Accession to the WTO: Country Experiences and Technical Assistance, Eschborn: GTZ): 49–54.
6. Gowa, J. and Kim, S. Y. (2005). ‘An exclusive country club: The effects of the GATT on trade, 1950-1994’, The World Politics, Vol. 57: 453–478.
7. Hoechle, D. (2007), “Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence," The Stata Journal, Vol. 7(3): 281-312.
8. Kenny, C. and D. Williams, (2001), “What Do We Know about Economic Growth? Or, Why Don’t We know Very Much?”, World Development, Vol. 29 (1): 1–22.
9. Kuang and Wei (2008), “The Value of Making Commitments Externally: Evidence from WTO Accessions”, NBER working paper No. 14582.
10. Liu, Xuepeng (2009). GATT/WTO Promotes Trade Strongly: Sample Selection and Model Specication”, Review of International Economics, Vol. 17(3): 428-446.
11. Low, P. and A. Keck, (2004), “Special and Differential Treatment in the WTO: Why, When and How?”, WTO Staff Working Paper ERSD-2004-03.
12. Milthorp, P. (1997), “Integration of Former Soviet Union Economies in Transition into the World Trade Organization”, Economics of Transition, Vol. 5 (1): 215–23.
13. Mutti, J. R. Sampson, and B. Yeung (2000), “The Effects of the Uruguay Round: Empirical Evidence from US Industry”, Contemporary Economic Policy, Vol. 18 (1): 59–86.
14. Rodriguez, F. and D. Rodrik. (2000), “Trade Policy and Economic Growth: A skeptic’s guide to the cross-national evidence”, Harvard University.
15. Rodrik, D. (1997), “Has Globalization Gone too Far?”, Washington, D.C.: Institute for International Economics, March. Mimeograph.
16. Rose, A. (2004a), “Do we really know that the WTO really increases trade?” American Economic Review, Vol. (94): 98–114.
17. Rose, A. (2004b), “Do WTO members have more liberal trade policy?” Journal of International Economics, Vol (63): 209–235.
18. Rose, A. (2005). “Does the WTO make trade more stable?” Open Economies Review, Vol, 16: 7–22.
19. Steinberg, R. H. (2004), "In the Shadow of Law or Power? Consensus-based Bargaining and Outcomes in the GATT/WTO", International Organization: 339-374.
20. Stiglitz, J. E. (2002), “Globalization and its Discontents”, New York: W. W. Norton.
21. Subramanian, A. and S. Wei, (2006), “WTO Promotes Trade: Strongly but Unevenly”, Journal of International Economics, Vol. 71 (1): 151-175.
22. Tomz, M., J. L. Goldstein, and D. Rivers, (2007), “Do We Really Know that WTO Increases Trade? Comments”. The American Economic Review, Vol. 97 (5): 2005-2018.
23. World Bank, ‘Global Economic Prospects’, 2002 and 2004.