Abstract
We acknowledge the contribution of von Stein (2005) in calling attention to the very real problem of selection bias in estimating treaty effects. Nonetheless, we dispute both von Stein's theoretical and empirical conclusions. Theoretically, we contend that treaties can both screen and constrain simultaneously, meaning that findings of screening do nothing to undermine the claim that treaties constrain state behavior as well. Empirically, we question von Stein's estimator on several grounds, including its strong distributional assumptions and its statistical inconsistency. We then illustrate that selection bias does not account for much of the difference between Simmons's (2000) and von Stein's (2005) estimated treaty effects, and instead reframe the problem as one of model dependency. Using a preprocessing matching step to reduce that dependency, we then illustrate treaty effects that are both substantively and statistically significant—and that are quite close in magnitude to those reported by Simmons.
Highlights
W e acknowledge the contribution of von Stein (2005) in calling attention to the very real problem of selection bias in estimating treaty effects
Jana von Stein1 has made an important and sophisticated statistical contribution in this regard. Her strategy is to adapt a Heckman selection model to reestimate the impact of signing onto Article VIII, the section of the International Monetary Fund’s (IMF) Articles of Agreement that prohibits signatories from restricting their current accounts
Simmons (2000, 831) found that the marginal effect of signing onto Article VIII can be up to 27 percentage points in the second year after the last restriction, von Stein revises that estimate to 13 percentage points, the estimated treaty effect remains both substantively and statistically significant
Summary
The constraining power of international treaties: Theories and Methods.
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