Trade (dis)integration: The sudden death of NAFTA
Bakas, D., Jackson, K. and Magkonis, G. 2019. Trade (dis)integration: The sudden death of NAFTA. Open Economies Review. https://doi.org/10.1007/s11079-019-09567-1
| Title | Trade (dis)integration: The sudden death of NAFTA |
|---|---|
| Type | Journal article |
| Authors | Bakas, D., Jackson, K. and Magkonis, G. |
| 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 | |
| Journal | Open Economies Review |
| ISSN | 0923-7992 |
| Year | 2019 |
| Publisher | Springer |
| Publisher's version | License CC BY 4.0 File Access Level Open (open metadata and files) |
| Digital Object Identifier (DOI) | https://doi.org/10.1007/s11079-019-09567-1 |
| Publication dates | |
| Published | 17 Dec 2019 |