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Natural Resources Endowment and WTO

Author

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  • SOUKAR, Louai

    (University of Bordeaux, France, Laboratoire d’Analyse et de Recherche en Economie et Finances Internationales)

Abstract

The objective of the study is to investigate the asymmetric impact of the World Trade Organization (WTO) across developing countries. We also demonstrate the lack of homogeneity between these countries in terms of their market growth and their dependence on natural resources. Empirically, we classified our sample of countries into categories using cluster analysis, and we relied on the gravity models to estimate the effects of WTO. We found that emerging resource-rich countries most significantly benefit from their accession to the organization. However, regional integration and bilateral agreements benefit non-emerging resource-rich countries. Although resource-poor countries have received uneven benefits from WTO accession, non-emerging resource-poor countries have benefited more from accession. However, regional integration is an appropriate trade strategy for both resource-poor categories, and generalized system of preferences (GSP) benefit the non-emerging markets. Finally, accession to WTO does not increase trade in natural resources for any specific category of countries discussed in this study.

Suggested Citation

  • SOUKAR, Louai, 2019. "Natural Resources Endowment and WTO," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 34(3), pages 546-589.
  • Handle: RePEc:ris:integr:0781
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    Citations

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    Cited by:

    1. Gnangnon, Sèna Kimm, 2023. "Duration of membership in the world trade organization and investment-oriented remittances inflows," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 258-277.
    2. Gnangnon, Sèna Kimm, 2022. "Duration of WTO Membership and Investment-Oriented Remittances Flows," EconStor Preprints 251274, ZBW - Leibniz Information Centre for Economics.
    3. Nahmadova, Firuza, 2021. "Azerbaijan's integration in the BRI Middle Corridor: Is WTO accession needed," MPRA Paper 110331, University Library of Munich, Germany.

    More about this item

    Keywords

    WTO; Natural resources; Gravity model;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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