Chapter

North America

Richard Pomfret

in The Economics of Regional Trading Arrangements

Published in print November 2001 | ISBN: 9780199248872
Published online November 2003 | e-ISBN: 9780191596797 | DOI: http://dx.doi.org/10.1093/0199248877.003.0013
 North America

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Deals with empirical work on North American regional trading arrangements. Section 1 reports estimates of the impact of a free trade area between the USA and Canada. This literature was innovative in trying to account for scale economies and general equilibrium effects of an RTA. The remainder of the chapter deals with the effects of the North American Free Trade Agreement (NAFTA) on the three signatories (Sect. 2) and on non‐member countries (Sect. 3). Section 4 draws conclusions.

Keywords: Canada; economies of scale; free trade area; general equilibrium; NAFTA; regional trading arrangement; USA

Chapter.  3959 words. 

Subjects: International Economics

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