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- W2073554553 abstract "This paper identifies the effects of preferential trade agreements on trade volumes and prices using detailed trade and tariff data. It identifies demand elasticities by developing a difference in differences based method that exploits the fact that the additional wedge driven between consumption patterns in a liberalizing versus a non-liberalizing country is directly related to the tariff reduction. Supply elasticities are identified by using tariffs as instruments for observed quantities. Analysis of world-wide trade data for 5,000 commodities shows that NAFTA and CUSFTA have had a substantial impact on international trade volumes, but a modest effect on prices and welfare. NAFTA and CUSFTA increased North American output and prices in many highly-protected sectors by driving out imports from non-member countries." @default.
- W2073554553 created "2016-06-24" @default.
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- W2073554553 date "2005-01-01" @default.
- W2073554553 modified "2023-10-18" @default.
- W2073554553 title "NAFTA's and CUSFTA's Impact on International Trade" @default.
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- W2073554553 doi "https://doi.org/10.3386/w11059" @default.
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