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Purpose
This article focuses on whether there is a chance to win a World Trade Organization (WTO) trade dispute at the consultation stage. The study suggests an approach to resolving trade disputes on a bilateral level before involving formal WTO resolution procedures.
Design/methodology/approach
The model describes the determinants of the probabi...
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Amid the outbreak of the US-China trade war from March 22, 2018, to July 6, 2018, the United States government announced trade enforcement actions against China. This was based on an investigation conducted following Section 301 of US Trade Law. Responding to the announcement, the Chinese government retorted with claims of possible countermeasures...
This article reports some initial findings based on the enriched data set that the author has compiled for her research. With precisely 51220 observations, this paper covers all 412 WTO disputes initiated by a developed country against another developed country through the official filing of a Request for Consultations from January 1995 until Decem...
Citations
... Numerous researchers (including Ali et al., 2022;Kouwoaye, 2021) have demonstrated through their work that countries characterized by greater levels of TOP tend to achieve higher income levels and experience swifter rates of economic growth. It has been substantiated that economies embracing higher degrees of TOP are inclined to manifest elevated economic growth and enhanced productivity (Ajayi & Araoye, 2019;Keho, 2017;Klishch & Larionov, 2022). These reserves play a significant role in reducing the effects of external economic disturbances and in promoting international trade and investment operations. ...
The major goal of this study endeavour is to thoroughly evaluate the impact of macro factors on trade openness (TOP). The study was conducted through the examination of numerous trade conceptions, with a specifically emphasis on examining these patterns within the economies of the BRICS nations (Russia, India, China and South Africa) from 1995 to 2020. Stepwise regression for selecting models, Pedroni, Johnson, Granger causality and advance panel regression are some of the techniques used including FMOLS, Panel OLS and FEM. The study’s outcomes reveal the presence of both long-term and short-term associations between TOP and (a) total investment, (b) human capital, (c) trade reserves, (d) trade balance and (e) exchange rate. The study authors found both one-way and two-way causal association between TOP and these five factors. Additionally, trade balance emerges as the most significant factor impacting TOP. Notably, the exchange rate does not exhibit significant economic importance.
JEL Classification: F14, F15, F17
... Within this framework, we present the contributions that makeup volume 27, issue 54 of our journal, beginning with the researchers Klishch and Larionov (2022), who focus on the World Trade Organization and the possibility of winning a dispute at the consultation stage. They use a model that predicts the outcome of trade disputes with a high probability percentage, presenting several new hypotheses. ...
The objective of this research is to systematically compare the impact of macro determinants on CO2 emissions, using the theoretical frameworks of trade, the Environmental Kuznets Curve, and the Pollution Haven Hypothesis. The study specifically focuses on high- and low-trade-openness economies from 1995 to 2020. Methodologies employed include stepwise regression, fully modified least squares, pooled ordinary least squares, and fixed effects models. Long-run dynamics were assessed using Granger causality tests and Pedroni and Johansen cointegration tests. The results indicate both long-term and short-term relationships between CO2 emissions and the following variables: (i) gross capital formation (GCF), (ii) per capita income (PCI), (iii) population (POP), and (iv) trade openness. Trade openness has a positive and significant effect on CO2 emissions in highly trade openness economies, whereas it has a negative effect in low trade-open economies. Highly open economies are more significantly impacted by GCF and POP on CO2 emissions compared with low- trade openness economies. Additionally, PCI positively and significantly influences CO2 emissions in low- trade openness countries, and this effect is greater than in high- trade openness economies. The study also identifies a bidirectional causal relationship between PCI, GCF, and CO2 emissions in both groups of economies, as well as a unidirectional relationship between trade openness, POP, and CO2 emissions in both high- and low- trade openness countries.
