WTO/TBT 기술규제의 경제효과에 관한 실증연구

An Empirical Study on the Effect of WTO/TBT Technical Regulations

The use of technical regulations as technical barriers to trade (TBT) is widespread and has become an important issue in international trade. Specifically, there has been considerable discussion of whether technical regulations promote or restrict trade. Due to the theoretical complexity and the scarcity of data, the literature considers TBT one of the most difficult measures to quantify. Empirically, we examined the economic impact of technical regulations imposed by importing countries. In this paper, we construct a TBT notification database for 30 World Trade Organization (WTO) members from 2002 - 2010 and a model based on gravity theory. Using G2SLS, our results indicate that technical regulations had a negative impact on Korean exports. Specifically, our empirical analysis implies that the technical regulations reduce the trade in agricultural goods, but promote the trade in manufacturing goods.