The Value of Making Commitments Externally: Evidence from WTO Accessions
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A shortened version of this paper is forthcoming in the Journal of International Economics. We would like to thank Yuanyuan Chen, Tubagus Feridhanusetyawan, Will Martin, Phil McCalman, Sara Maioli, Ilia Rainer, Arvind Subramanian, Zhiwei Zhang, seminar and conference participants at the IMF, WTO, UNCTAD, ERWIT and EIIE, and especially Zdenek Drabek, Nuno Limao, Anna Maria Mayda, Andy Rose, and two referees for helpful comments and suggestions. The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF, nor IMF policy, nor the views of the National Bureau of Economic Research.