Felbermayr, Gabriel; Kohler, Wilhelm K. - 2007
In his seminal paper, Rose (2004) concluded from a gravity-type study of bilateral trade that the GATT/WTO does not … zero trade and leaves room for WTO membership to promote trade at the extensive margin of trade. Relying on a Tobit … estimation approach, we find that WTO membership has promoted world trade to a larger extent than Rose's results seem to indicate. …