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Accession to World Trade Organization and its Implications for Trade Diversification and Economic Activity: Evidence from Saudi Arabia

Journal: International Journal of Economics and Financial Research (Vol.3, No. 12)

Publication Date:

Authors : ;

Page : 232-245

Keywords : : C32; F13; F14; O24;

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Abstract

An important question amongst economists is: what is the impact of accession to the World Trade Organization on the economies of member countries? Using a comparative analysis, econometric approach, and data from Saudi Arabia, this study proves that trade patterns have changed in some areas and remained unchanged in others as a result of accession to the WTO. The study proves that accession to the WTO has resulted in a remarkable increase in trade share and that accession to the WTO has a positive and significant effect on economic activity.

Last modified: 2018-11-06 17:32:05