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Accounting for the new gains from trade liberalization

Chang-Tai Hsieh, Nicholas Li (), Ralph Ossa and Mu-Jeung Yang

No 249, ECON - Working Papers from Department of Economics - University of Zurich

Abstract: We measure the "new" gains from trade reaped by Canada as a result of the Canada-US Free Trade Agreement (CUSFTA). We think of the "new" gains from trade of a country as all welfare effects pertaining to changes in the set of firms serving that country as emphasized in the so-called "new" trade literature. To this end, we first develop an exact decomposition of the gains from trade which separates "traditional" and "new" gains. We then apply this decomposition using Canadian and US micro data and and that the "new" welfare effects of CUSFTA on Canada were negative.

Keywords: Gains from trade; trade liberalization; CUSFTA (search for similar items in EconPapers)
JEL-codes: F10 F12 F14 (search for similar items in EconPapers)
Date: 2017-03
New Economics Papers: this item is included in nep-int
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Related works:
Journal Article: Accounting for the new gains from trade liberalization (2020) Downloads
Working Paper: Accounting for the New Gains from Trade Liberalization (2016) Downloads
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