Democracy and Accession to GATT/WTO

17 Pages Posted: 7 Oct 2015

See all articles by Ka-Fu Wong

Ka-Fu Wong

The University of Hong Kong - School of Economics and Finance

Miaojie Yu

Peking University - China Center for Economic Research (CCER)

Date Written: November 2015

Abstract

In this paper we argue that the level of democracy of an applicant country affects the time it takes to gain General Agreement on Tariffs and Trade/World Trade Organization (GATT/WTO) accession. An extensive empirical search suggests that the GATT/WTO accession duration is likely to be shorter for an applicant whose political regime is more democratic. Meanwhile, countries that initiated applications before 1995 took longer to accede to GATT than those that initiated applications after 1995 to accede to the WTO. The GATT/WTO accession is shortened if the applicant country's economy is large. Such findings are robust to the choice of different econometric methods, data sets and model specifications.

Suggested Citation

Wong, Ka-Fu and Yu, Miaojie, Democracy and Accession to GATT/WTO (November 2015). Review of Development Economics, Vol. 19, Issue 4, pp. 843-859, 2015. Available at SSRN: https://ssrn.com/abstract=2670329 or http://dx.doi.org/10.1111/rode.12190

Ka-Fu Wong

The University of Hong Kong - School of Economics and Finance

8th Floor Kennedy Town Centre
23 Belcher's Street
Kennedy Town
Hong Kong

Miaojie Yu (Contact Author)

Peking University - China Center for Economic Research (CCER) ( email )

Beijing, Beijing 100871
China
+86-10-6275-3109 (Phone)

HOME PAGE: http://mjyu.ccer.edu.cn

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