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The Performance Analysis of WTO dispute settlement mechanism in Trade Remedy Measures: An empirical analysis based on dynamic unbalanced-panel data model of system GMM Test |
Yang Shi hui,GUO Yan chun |
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Abstract Based on a review of the studies and the four-stages of WTO dispute settlement program, and the length of time unequal among the WTO dispute cases and the natures of multi-stage strategies selection difficult to quantify, we try to establish a dynamic unbalanced panel data model to test the performances of WTO’s Dispute Settle when dealing with trade remedy measures (including anti-dumping disputes, countervailing disputes and safeguard measures) and the system GMM test method, and empirically analyze the performances of WTO dispute settlement mechanism in trade remedy measures. The results indicate that it’s possible for importers to compensate trade loss to some extent by turning to the WTO dispute settlement mechanism, especially during the negotiation and execution of decisions. Disputes resolved play a significant role in promoting trade flow. Moreover, the longer the process of WTO dispute settlement lasts, the more harmful to the liberalization of those two countries.
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Received: 19 June 2012
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Corresponding Authors:
Yang Shi hui
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