Trade (dis)integration: the sudden death of NAFTA

Dimitrios Bakas; Karen Jackson; Georgios Magkonis

doi:10.1007/s11079-019-09567-1

Trade (dis)integration: the sudden death of NAFTA

Dimitrios Bakas, Karen Jackson, Georgios Magkonis

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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.

Original language	English
Number of pages	13
Journal	Open Economies Review
Early online date	17 Dec 2019
DOIs	https://doi.org/10.1007/s11079-019-09567-1
Publication status	Early online - 17 Dec 2019

Keywords

NAFTA
Panel VAR
Trade Integration

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Bakas2019_Article_TradeDisIntegrationTheSuddenDeFinal published version, 1.53 MBLicence: CC BY

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KW - Panel VAR

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Trade (dis)integration: the sudden death of NAFTA

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Keywords

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