World Trade Organization (WTO) accession is a challenging process typically commanding a heavy price in terms of resources and time expended while also calling for the expense of non-trivial political capital by an acceding country's policymakers. Nevertheless, gaining membership of the world...

This paper studies the impact of the process of accession to the WTO on growth rates in a sample of 150 economies. Unlike GATT-era accessions, WTO accessions involve reforms that extend beyond conventional trade liberalization measures. Using information on the pace of negotiations and requests...

This article was invited from the author in response to the June 2022 Bruegel.com blog post by Zsolt Darvas – and see the separate article in this issue – about the decision to let Croatia into the euro area while keeping Bulgaria out; and intended to elicit a view from Bulgaria. The author...

This paper investigates the impact of import competition on energy efficiency among firms in China. Using a difference-in-differences approach that exploits industry- and firm-level tariff reductions following China's accession to the WTO, we examine the effects of reduced output tariffs on coal...

In examining the effect of membership in the World Trade Organization (WTO) on the amounts of Aid for Trade (AfT) that accrue to developing countries, Lee et al. (2015) (The World Economy, 38, 2015 and 1462) have found that developing country members of the World Trade Organization (WTO)...

The proposal for a First Nations Voice is to be put to the Australian electors at a referendum this year. This comment addresses the key issue of membership of the Voice. Legal determinations of membership and identity are complex and vexed. The High Court has struggled to articulate membership...

In this paper, we examine the impact of eurozone membership on sovereign creditworthiness over the period 1996-2017 and the underlying channels through which the impact operates. We find that: (a) eurozone membership improved sovereign credit ratings, on average by over one notch; (b) the...

We develop a model that classifies platforms in the "creator economy"---e.g. Youtube, Patreon, and Twitch---into three broad business models: pure discovery mode (providing recommendations to help consumers search for creators); pure membership mode (enabling individual creators to monetize...

This study empirically demonstrates that there is indeed a positive relationship between trade and peace, by specifically showing that the physical state of peace and the structural elements of peace contribute to a country’s WTO membership, while WTO accession also contributes to achieving...

I study how trade liberalization, or more specifically, WTO accession by China in 2001, affects industry dynamics: entry, exit, and innovation in China. Using various identification strategies (DDD, IV, DD), I find that the trade liberalization has the following causal impacts: (1) in the short...