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The WTO Impact on International Trade Disputes: An Event History Analysis

Author

Listed:
  • Earl L. Grinols

    (Baylor University)

  • Roberto Perrelli

    (International Monetary Fund)

Abstract

Many consider improved dispute settlement one of the leading achievements of the WTO. This paper tests the implication of a game-theoretic approach that predicts that more efficient litigation devices increase the frequency and number of trade disputes. We propose an empirical event history analysis of GATT, WTO, and USTR Section 301 cases, identify the demographic patterns for births and lifespans of U.S. disputes, and test the hypothesis of a WTO structural break. The evidence supports the view that the WTO increased the incidence of U.S. trade disputes, while shortening their lifespan. Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Suggested Citation

  • Earl L. Grinols & Roberto Perrelli, 2006. "The WTO Impact on International Trade Disputes: An Event History Analysis," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 613-624, November.
    • Handle: RePEc:tpr:restat:v:88:y:2006:i:4:p:613-624
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    Citations

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    Cited by:

    1. Kyle Handley & Nuno Limão, 2018. "Trade and Investment under Policy Uncertainty: Theory and Firm Evidence," World Scientific Book Chapters, in: Policy Externalities and International Trade Agreements, chapter 4, pages 89-122, World Scientific Publishing Co. Pte. Ltd..
    2. Schumacher, Julian & Trebesch, Christoph & Enderlein, Henrik, 2021. "Sovereign defaults in court," Journal of International Economics, Elsevier, vol. 131(C).
    3. Mr. Antonio David & Carlos Goncalves, 2019. "In Search of Lost Time: Examining the Duration of Sudden Stops in Capital Flows," IMF Working Papers 2019/230, International Monetary Fund.
    4. Chisik, Richard, 2012. "Trade disputes, quality choice, and economic integration," Journal of International Economics, Elsevier, vol. 88(1), pages 47-61.
    5. David, Antonio C. & Gonçalves, Carlos Eduardo, 2021. "In search of lost time: Examining the duration of growth-reducing sudden stops," Journal of International Money and Finance, Elsevier, vol. 117(C).
    6. Francois, Joseph & Horn, Henrik & Kaunitz, Niklas, 2008. "Trading Profiles and Developing Country Participation in the WTO Dispute Settlement System," Working Paper Series 730, Research Institute of Industrial Economics.
    7. Tan Li & Larry D. Qiu, 2021. "Beyond trade creation: Preferential trade agreements and trade disputes," Pacific Economic Review, Wiley Blackwell, vol. 26(1), pages 23-53, February.
    8. Horn, Henrik & Mavroidis, Petros C., 2006. "A Survey of the Literature on the WTO Dispute Settlement System," CEPR Discussion Papers 6020, C.E.P.R. Discussion Papers.
    9. Fadiga, Mohamadou L. & Fadiga-Stewart, Leslie A., 2005. "The Political and Economic Determinants of Trade Disputes under the WTO," 2005 Annual meeting, July 24-27, Providence, RI 19483, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Tan LI & Larry D. QIU, 2015. "Beyond Trade Creation: Free Trade Agreements and Trade Disputes," Working Papers DP-2015-28, Economic Research Institute for ASEAN and East Asia (ERIA).
    11. Chad P. Bown & Kara M. Reynolds, 2017. "Trade Agreements and Enforcement: Evidence from WTO Dispute Settlement," American Economic Journal: Economic Policy, American Economic Association, vol. 9(4), pages 64-100, November.
    12. Greg Anderson, 2017. "How did investor-state dispute settlement get a bad rap? Blame it on NAFTA, of course," The World Economy, Wiley Blackwell, vol. 40(12), pages 2937-2965, December.
    13. Julian Schumacher & Christoph Trebesch & Henrik Enderlein, 2015. "What Explains Sovereign Debt Litigation?," Journal of Law and Economics, University of Chicago Press, vol. 58(3).

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