Jakubik, Adam; Piermartini, Roberta - 2019 - Manuscript date: 24 April 2019
This paper studies how WTO rules and flexibilities shape its members' trade policy responses to import shocks. Guided … by a cost benefit analysis model and using a unique database of tariff bindings for all WTO countries over the 1996 …-2011 period, we show that WTO commitments affect members' trade policy. More stringent bindings reduce the likelihood of …