 Effect of the duration of membership in the GATT/WTO on economic growth volatilitySèna Kimm Gnangnon Structural Change and Economic Dynamics, 2023, vol. 65, issue C, 448-467 Abstract: This article investigates how the duration of membership in the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) affects economic growth volatility. Using an unbalanced panel dataset of 153 countries over the period 1980–2019, it has revealed that the duration of membership in the GATT/WTO reduces economic growth volatility, with this negative effect being larger in member states that have been subject to rigorous accession procedures. More importantly, the membership duration exerts a larger dampening economic growth volatility effect as countries further upgrade their export products. It also exerts a larger negative effect on economic growth volatility in countries that enjoy a greater openness to international trade. These findings complement the findings of the positive economic growth effect of the membership in the GATT/WTO, by showing that more than the mere membership in the GATT/WTO, the duration of such membership affects economic growth volatility. Keywords: Duration of membership in the GATT/WTO; Economic growth volatility (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:65:y:2023:i:c:p:448-467 DOI: 10.1016/j.strueco.2023.04.004 Access Statistics for this article Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen More articles in Structural Change and Economic Dynamics from Elsevier |
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