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The Reform of the WTO’s Appellate Body: An Economic Perspective

dc.contributor.authorSang jun Yea
dc.date.accessioned2021-06-07T04:01:37Z
dc.date.available2021-06-07T04:01:37Z
dc.date.issued2021-05-20
dc.identifier.issn2233-9140
dc.identifier.urihttp://hdl.handle.net/11540/13703
dc.description.abstractIn this study, I build a game-theoretical model to analyze the impact of AB reform on WTO members’ trade policies and strategic use of DSP. Specifically, I extend Maggi and Staiger (2011), which relates the accuracy of the Dispute Settlement Body’s rulings to the member countries’ trade policies, by allowing the WTO AB to make a strategic decision maximizing the number of proper rulings based on a noisy signal being correlated with the trading countries’ joint payoffs. Consistent with Maggi and Staiger (2011), I find that member countries are more likely to file an appeal to the AB when its interpretation of ambiguous WTO agreements gives rise to uncertainty about AB rulings. However, unlike Maggi and Staiger (2011), this study pins down the informational conditions under which such results arise. With this feature, I argue that activist rulings by the AB should be always uncertain without respect to the realized state in order for the disputing parties to appeal to the AB in equilibrium. Another departure from Maggi and Staiger (2011) is in the area of AB reviews of a respondent’s domestic law. If the AB’s reviewing domestic law significantly affects the defending country’s payoffs, then in equilibrium, appealing to the AB never arises. In the following, I explain the model used to describe the AB’s legal proceedings and member countries’ decisions on trade policy and litigation. Also, I provide several theoretical results that speak to the reform of the WTO AB.
dc.languageEnglish
dc.publisherKorea Institute for International Economic Policy
dc.titleThe Reform of the WTO’s Appellate Body: An Economic Perspective
dc.typeBriefs
dc.subject.expertGovernance
dc.subject.expertGood Governance
dc.subject.expertPolitical Leadership
dc.subject.expertPublic Administration
dc.subject.expertBusiness Ethics
dc.subject.expertGovernance
dc.subject.expertCorporate Governance Reform
dc.subject.expertGovernance Approach
dc.subject.expertGovernance Quality
dc.subject.expertPublic Sector Projects
dc.subject.expertPublic Sector Reform
dc.subject.expertPolitical Leadership
dc.subject.expertPolitical Power
dc.subject.expertInstitutional Framework
dc.subject.expertGovernment
dc.subject.expertGovernment accounting
dc.subject.expertTrade Disputes
dc.subject.expertTrade Barriers
dc.subject.expertFree Trade
dc.subject.expertTrade
dc.subject.expertTrade Agreements
dc.subject.expertIntraregional Trade
dc.subject.expertTrade disbutes
dc.subject.adbGovernment
dc.subject.adbInstitutional Framework
dc.subject.adbPublic Administration
dc.subject.adbBusiness Ethics
dc.subject.adbPolitical Leadership
dc.subject.adbPublic enterprises
dc.subject.adbPublic finance
dc.subject.adbTrade relations
dc.subject.adbTrade policy
dc.subject.adbTrade policy
dc.subject.adbTrade development
dc.subject.adbImport volume
dc.subject.adbExport volume
dc.subject.adbImport policy
dc.subject.adbExport policy
dc.subject.adbInternational Monetary Relations
dc.subject.adbLocal Finance
dc.subject.adbBanks
dc.subject.adbCapital Market
dc.subject.adbfinancial statistics
dc.subject.adbForeign trade
dc.subject.adbPrivate sector
dc.subject.adbRegulations
dc.subject.naturalBureaucracy
dc.subject.naturalCabinet system
dc.subject.naturalCommon good
dc.subject.naturalExecutive power
dc.subject.naturalGovernment
dc.subject.naturalPolitical obligation
dc.subject.naturalPublic management
dc.subject.naturalGovernment accountability
dc.subject.naturalTransparency in government
dc.subject.naturalPolitical ethics
dc.subject.naturalGovernment spending policy
dc.subject.naturalGovernment services
dc.subject.naturalDemocracy
dc.subject.naturalDemocratization
dc.subject.naturalElections
dc.subject.naturalLocal government
dc.subject.naturalRestraint of trade
dc.subject.naturalInternational economic integration
dc.subject.naturalTrade blocs
dc.subject.naturalEast-West
dc.subject.naturalRegional trading blocs
dc.subject.naturalForeign trade and employment
dc.subject.naturalDeveloping countries
dc.subject.naturalIndustrial priorities
dc.subject.naturalTechnological innovation
dc.subject.naturalTechnology transfer
dc.subject.naturalForeign trade regulation
dc.subject.naturalIndustrial relations
dc.title.seriesKIEP World Economy Brief
dc.title.volumeVol. 11 No. 27
dc.contributor.imprintKorea Institute for International Economic Policy
oar.themeGovernance
oar.themeTrade
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-013060
oar.authorYea, Sang jun
oar.importTRUE
oar.googlescholar.linkpresenttrue


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