- İzmir İktisat Dergisi
- Volume:38 Issue:3
- The Effects of Dispute Settlement Body of The World Trade Organization on International Trade
The Effects of Dispute Settlement Body of The World Trade Organization on International Trade
Authors : Oğuzhan ÖZÇELİK
Pages : 608-624
Doi:10.24988/ije.1140660
View : 115 | Download : 56
Publication Date : 2023-09-05
Article Type : Research Paper
Abstract :This study examines the effects of the Dispute Settlement Body insert ignore into journalissuearticles values(DSB);, a sub-unit of the World Trade Organization insert ignore into journalissuearticles values(WTO); that acts as a global umbrella in economic integrations, on both world trade and the foreign trade of some selected countries. This study introduces a new explanatory variable insert ignore into journalissuearticles values(DISPUTE); in the literature by analyzing the data from the use of the DSB by the WTO’s member countries from 1995 to 2018. This variable was modeled using the gravity model and the Poisson Pseudo Maximum Likelihood estimator insert ignore into journalissuearticles values(PPML);. As a result of analysis, the DSB positively affects world trade, that is, the WTO contributes to the increasing world trade. The use of this mechanism by the trade partners of the selected countries affects these countries’ exports and imports in different ways. As another important result, contrary to expectations, the use of this mechanism by the trade partners of developed economies, which have been accused of lobbying in the WTO, does not affect the foreign trade of developed economies positively.Keywords : Anlaşmazlıkların Halli Mekanizması, Çekim Modeli, DTÖ
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