The efficacy of the World Trade Organization (WTO), as an international forum seeking to provide a uniform platform to Member States for bilateral and multilateral negotiations and further the spirit of a new international economic legal order, is challenged constantly. This article explains how...

We study the effect of heterogeneous monopsony power across Chinese firms on the equilibrium allocation of labor. Based on the fact that heterogeneity in monopsony power results from the heterogeneity in workers’ preferences for the jobs provided by an individual firm, we build a model to...

This paper investigates the impact of import competition on energy efficiency among firms in China. Using a difference-in-differences approach that exploits industry- and firm-level tariff reductions following China's accession to the WTO, we examine the effects of reduced output tariffs on coal...

We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member countries is...

China, the EU and the U.S. are the world’s largest traders, and many of the tensions in the trading system arise in the relations among them. Our premise is that reforming WTO is a necessary condition for the organization to be a more salient forum for the three large economies to address...

This study empirically demonstrates that there is indeed a positive relationship between trade and peace, by specifically showing that the physical state of peace and the structural elements of peace contribute to a country’s WTO membership, while WTO accession also contributes to achieving...