Groppo, Valeria; Piermartini, Roberta - 2014
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical … above the MFN applied rate. In addition, the WTO reduces trade policy uncertainty through its monitoring function. These … tariff increase. We then study how WTO tariff commitments affect this probability. We estimate our model using a database of …