Felbermayr, Gabriel; Larch, Mario; Yalçin, Erdal; … - 2022
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 … more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and …