A Decomposition of North American Trade Growth since NAFTA
Russell Hillberry and
International Trade from University Library of Munich, Germany
Total U.S. trade with NAFTA partners has increased 78 percent in real terms since 1993-U.S. Mexico trade alone is up 141 percent-compared to a 43 percent increase in U.S. trade with the rest of the world. In this article we compare the nature of U.S. trade growth with Canada and Mexico to growth in U.S. trade with non NAFTA partners. We apply a simple decomposition of trade growth offered by Hummels and Klenow (2002) that provides insights into whether the United States is trading more of the same goods with NAFTA partners since 1993, or trading new products. The results provide evidence of both. A sizeable component of U.S. trade growth since 1993 can be explained by increases in the variety of products the U.S. imports from Mexico.
Keywords: NAFTA; International Trade (search for similar items in EconPapers)
JEL-codes: F1 F2 (search for similar items in EconPapers)
Pages: 9 pages
New Economics Papers: this item is included in nep-mac
Note: Type of Document - PDF; pages: 9; figures: included
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43) Track citations by RSS feed
Downloads: (external link)
Working Paper: A Decomposition of North American Trade Growth since NAFTA (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpit:0303003
Access Statistics for this paper
More papers in International Trade from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().