NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Is the WTO passé?

Kyle Bagwell, Chad P. Bown, Robert W. Staiger

NBER Working Paper No. 21303
Issued in June 2015
NBER Program(s):International Trade and Investment

The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and is now passing the baton to PTAs to finish the job? We survey a growing economics literature on international trade agreements and argue on this basis that the WTO is not passé. Rather, and subject to some caveats, our survey of research to date suggests that the WTO is structured in a way that is likely to encourage policy outcomes that are viewed as efficiency enhancing by WTO member governments, while the analogous claim for PTA-led liberalization is less clear.

download in pdf format
   (556 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w21303

Published: Kyle Bagwell & Chad P. Bown & Robert W. Staiger, 2016. "Is the WTO Passé?," Journal of Economic Literature, American Economic Association, vol. 54(4), pages 1125-1231, December. citation courtesy of

Users who downloaded this paper also downloaded* these:
Lawrence w21296 Recent Declines in Labor's Share in US Income: A Preliminary Neoclassical Account
Fraumeni, Christian, and Samuels w21284 The Accumulation of Human and Nonhuman Capital, Revisited
Grossman w22070 The Purpose of Trade Agreements
Bagwell and Staiger w15445 The WTO: Theory and Practice
Bagwell and Staiger w22087 The Design of Trade Agreements
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us