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Multilateral Trade Bargaining: A First Look at the GATT Bargaining Records

Kyle Bagwell, Robert Staiger () and Ali Yurukoglu

No 21488, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper empirically examines recently declassified data from the GATT/WTO on tariff bargaining. We document eight stylized facts about these interconnected high-stakes international negotiations. We use detailed product-level offer and counteroffer data to examine several questions about trade policy, including whether preferential tariffs were a stumbling block towards liberalization, and whether the relaxation of bilateral reciprocity to multilateral reciprocity aided liberalization. We organize the empirical analysis around a theoretical model of multi-party trade negotiations motivated by the terms-of-trade theory and respecting the institutional features of most-favored-nation status and reciprocity.

JEL-codes: C78 D02 F13 (search for similar items in EconPapers)
Date: 2015-08
New Economics Papers: this item is included in nep-cdm, nep-ger and nep-int
Note: IO ITI
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