Dünya Ticaret Örgütü’nün Anlaşmazlıkların Halli Mekanizmasının Uluslararası Ticarete Etkileri

Abstract

This study examines the effects of the Dispute Settlement Body (DSB), a sub-unit of the World Trade Organization (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 (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 (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.