NAFTA's and CUSFTA's impact on international trade
By: John Romalis.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11059; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11059.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Canada.; Canada.; International trade -- Mathematical models.; North America -- Commercial policy.
Description: "This paper identifies the effects of preferential trade agreements on trade volumes and prices using detailed trade and tariff data.  It identifies demand elasticities by developing a difference in differences based method that exploits the fact that the additional wedge driven between consumption patterns in a liberalizing versus a non-liberalizing country is directly related to the tariff reduction.  Supply elasticities are identified by using tariffs as instruments for observed quantities.  Analysis of world-wide trade data for 5,000 commodities shows that NAFTA and CUSFTA have had a substantial impact on international trade volumes, but a modest effect on prices and welfare.  NAFTA and CUSFTA increased North American output and prices in many highly-protected sectors by driving out imports from non-member countries"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 2/4/2005.
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Mode of access: World Wide Web.