Economics, Econometrics and Finance
4 years ago

WTO Boosts Agricultural Trade, Surprising Results Challenge Common Assumptions

2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
Does the World Trade Organization Promote Trade? An Empirical Assessment of Agricultural and Non‐Agricultural Trade Flows
Jason H. Grant, Kathryn A. Boys

Paper Summary

The GATT/WTO has actually increased members' agricultural trade. Despite doubts, the institution has positively impacted agricultural trade from 1980 to 2004. In many cases, the trade flow effect of GATT/WTO membership is even greater than that of non-agricultural trade. This challenges the belief that the GATT/WTO has not boosted agricultural trade.

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