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• W2075408093 startingPage "141" @default.
• W2075408093 abstract "The benefits of economic integration in North America are explored by quantifying the gains that the two small open economies of the region can obtain from free trade in financial assets as a vehicle to smooth consumption. Numerical simulations of a stochastic intertemporal equilibrium model are used to estimate the effects of free financial asset trading on economic activity and welfare. The results suggest that in Mexico, where business cycles have been larger and access to world markets has been more limited, free asset trading would produce more benefits that in Canada, where the risk of business cycles is smaller." @default.
• W2075408093 created "2016-06-24" @default.
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• W2075408093 date "1992-09-01" @default.
• W2075408093 modified "2023-09-26" @default.
• W2075408093 title "Dynamic gains from North American free trade in an equilibrium model of the current account" @default.
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• W2075408093 doi "https://doi.org/10.1016/1062-9408(92)90005-c" @default.
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