Trade (Dis)integration: The Sudden Death of NAFTA
Dimitrios Bakas (),
Karen Jackson and
Georgios Magkonis ()
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Karen Jackson: University of Westminster
Open Economies Review, 2020, vol. 31, issue 4, No 8, 943 pages
Abstract This paper uses a structural PVAR model to study the macroeconomic effects of trade disintegration among NAFTA members. The results reveal substantial asymmetric responses, showing that the US is the most affected economy from a sudden negative trade integration shock. Moreover, Canada and the US are found to be relatively more interconnected with each other compared to the Mexican economy. Our findings question the US decision to push for the renegotiation of the NAFTA agreement.
Keywords: NAFTA; Trade integration; Panel VAR (search for similar items in EconPapers)
JEL-codes: C33 F14 F15 (search for similar items in EconPapers)
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