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. doi:10.1007/s11079-019-09567-1

TitleTrade (dis)integration: The sudden death of NAFTA
TypeJournal article
AuthorsBakas, 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.

KeywordsNAFTA
Trade Integration
Panel VAR
JournalOpen Economies Review
ISSN0923-7992
Year2019
PublisherSpringer
Publisher's version
License
CC BY 4.0
File Access Level
Open (open metadata and files)
Digital Object Identifier (DOI)doi:10.1007/s11079-019-09567-1
Publication dates
Published17 Dec 2019

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