Russia and the WTO: The "Gravity" of Outsider Status

Lissovolik, Yaroslav; Lissovolik, Bogdan

doi:10.5089/9781451857702.001

Cited by 23 publications

(16 citation statements)

References 13 publications

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“…6 6 Some studies have taken the concern about excessive country pooling to the extreme by looking at individual countries. Thus, Lissovolik & Lissovolik (2006) have found Russian trade with WTO members to But a negative verdict on the GATT/WTO is still unjustified according to a further criticism raised by Tomz et al (2007). Rose's results might partly be due to the fact that WTO-type MFN treatment was sometimes also granted to non-members.…”

Section: State Of the Literaturementioning

confidence: 96%

“…The variable i is a simple measure of the entire fixed costs of exporting incurred by each firm in country i, again measured in 17 In this paper, we use the term "corner solutions" model for any model that involves zero trade as an equilibrium outcome of the same mechanisms that also determine the volume of trade. Any such model involves a non-linear relationship between trade (allowing for zeros) and the covariates.…”

Section: A Simple Model Of the Extensive Marginmentioning

confidence: 99%

“…prices. 17 We now introduce two aggregate measures of the export markets served by a firm located in country i:…”

Section: A Simple Model Of the Extensive Marginmentioning

confidence: 99%

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WTO Membership and the Extensive Margin of World Trade: New Evidence

Felbermayr¹,

Köhler²

2014

World Scientific Studies in International Economics

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Recent literature has argued that, contrary to the results of a seminal paper by Rose (2004), WTO membership does promote bilateral trade, at least for developed economies and if membership includes non-formal compliance. We review the literature in order to identify open issues. We then develop the simplest possible "corner-solutions" version of the gravity model which serves as a framework to readdress these issues. We focus on the extensive margin of trade that separates positive-trade from zero-trade country pairs. We argue that the model can be consistently estimated using Poisson pseudo-maximum-likelihood methods with exporter and importer fixed effects. We account for coding issues and the potential heterogeneity of the WTO membership which recent contributions have stressed. While we find that WTO membership increases the likelihood that a given country pair trades, we do not find that the extensive margin has a strong and systematic effect on the average trade-creating potential of the WTO.JEL classification: F12, F13

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Section: State Of the Literaturementioning

confidence: 96%

Section: A Simple Model Of the Extensive Marginmentioning

confidence: 99%

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WTO Membership and the Extensive Margin of World Trade: New Evidence

Felbermayr¹,

Köhler²

2014

World Scientific Studies in International Economics

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“…Lissovolik and Lissovolik (2006) assessed an 'outsider' status of Russia in the WTO, and suggest that the WTO membership would help the country to address an underlying bias in its trade, and would make the WTO nearly universal, thereby possibly giving a multilateral boost to global trade. In addition, Stern (2002) argued that the massiveness and diversity of Russia favor trade integration via the WTO membership rather than through regional arrangements.…”

Section: Stylized Facts On Trade Of the Former Soviet Union Statesmentioning

confidence: 99%

Holding Together or Falling Apart: Results of the Gravity Equation of CIS Trade

Libman¹,

Vinokurov

2012

Holding-Together Regionalism: Twenty Years of Post-Soviet Integration

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The main purpose of this paper is to assess intra-regional trade within the CIS by looking at the impact of numerous trade agreements in the region. Applying a gravity model on a set of 162 countries, we attempt to assess dynamics of intra-regional trade of various trade agreements between 1995 and 2008 in order to identify trade creation and trade diversion effects. We propose and empirically test three explanations of the CIS intra-regional trade: 1) home bias effect, 2) holding together effect and 3) holdup effect.

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“…This helps us to investigate and concentrate on the policy and cultural factors that determine imports. Examples of unilateral gravity models include those of Sevela (2002), Lissovolik and Lissovolik (2006) and Kim (2009).…”

Section: Theoretical Background Of the Gravity Modelmentioning

confidence: 99%

Determinants of the Korean agricultural trade with the LDCs and the OECD countries

Lee¹,

Lim²

2014

AGR ECON-CZECH

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Abstract:Th e study aims to analyze Korea's import trade in agricultural products with (i) the least developed countries (LDCs) and (ii) the Organization for Economic Co-operation and Development (OECD) countries. Extended versions of a gravity model are adopted and the balanced panel data for the unilateral trade over the period of 2003 to 2008 are constructed using the Harmonized System Codes. Th e Heckman two-stage analysis is incorporated to detect the potential selection bias arising from many zero trades. We fi nd that only preferential tariff s on the LDCs have signifi cantly contributed to the trade fl ows. However, in contrast, gross domestic products (GDPs), free trade agreements (FTAs), the applied tariff rates, and the exchange rates turn out to be statistically signifi cant in the trade with the OECD countries, thus highlighting the possibility of the potential trade benefi ts associated with the trade policy reforms. Th e study is unique in that it empirically estimates the determinants of agricultural trade between the LDCs and developed countries and reveals the potential eff ectiveness of the preferential treatment and the implementation of the trade policy reforms.

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Russia and the WTO: The "Gravity" of Outsider Status

Cited by 23 publications

References 13 publications

WTO Membership and the Extensive Margin of World Trade: New Evidence

WTO Membership and the Extensive Margin of World Trade: New Evidence

Holding Together or Falling Apart: Results of the Gravity Equation of CIS Trade

Determinants of the Korean agricultural trade with the LDCs and the OECD countries

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