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

Fayq Al Akayleh
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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

International Journal of Economics and Financial Research, 2017, vol. 3, issue 12, 332-345

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.

Keywords: Economic activity; International trade; Saudi Arabia; Trade patterns; World Trade Organization, Two-stage regression model. (search for similar items in EconPapers)
JEL-codes: C32 F13 F14 O24 (search for similar items in EconPapers)
Date: 2017
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