Services Policies in Transition Economies: On the EU and WTO as Commitment Mechanisms

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Authors registered in the RePEc Author Service: Bernard Hoekman

No 5624, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We analyze the extent to which the EU-15 and 16 transition economies used the WTO General Agreement on Trade in Services (GATS) to commit to service sector policy reforms. GATS commitments are compared with the evolution of actual policy stances over time. While there is substantial variance across transition economies on both actual policies and GATS commitments, we find an inverse relationship between the depth of GATS commitments and the 'quality' of actual services policies as assessed by the private sector. In part this can be explained by the fact that the prospect of EU accession makes GATS less relevant as a commitment device for a subset of transition economies. However, for many of the non-EU accession candidates the WTO seems to be a weak commitment device. One explanation is that the small size of the markets concerned generates weak external enforcement incentives. Our findings suggest greater collective investment by WTO members in monitoring and transparency is needed to increase the benefits of WTO membership to small countries.

Keywords: Trade agreements; Services liberalization; Eu; Wto transition economies; Accession (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2006-04
New Economics Papers: this item is included in nep-eec, nep-int and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Journal Article: Services policies in transition economies: on the EU and WTO as commitment mechanisms (2006)
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