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Accession to World Trade Organization and its Implications for Trade Diversification and Economic Activity: Evidence from Saudi Arabia

Author

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  • Fayq Al Akayleh

    (Ph.D., Associate Professor of Economics, College of Business Administration, Al Yamamah University 45180, Riyadh 11512, Saudi Arabia)

Abstract

An important question amongst economists is: what is the impact of accession to the World Trade Organization on the economies of member countries? Using a comparative analysis, econometric approach, and data from Saudi Arabia, this study proves that trade patterns have changed in some areas and remained unchanged in others as a result of accession to the WTO. The study proves that accession to the WTO has resulted in a remarkable increase in trade share and that accession to the WTO has a positive and significant effect on economic activity.

Suggested Citation

  • Fayq Al Akayleh, 2017. "Accession to World Trade Organization and its Implications for Trade Diversification and Economic Activity: Evidence from Saudi Arabia," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 3(12), pages 332-345, 12-2017.
    • Handle: RePEc:arp:ijefrr:2017:p:332-345
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Economic activity; International trade; Saudi Arabia; Trade patterns; World Trade Organization; Two-stage regression model.;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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