Trade (dis)integration: the sudden death of NAFTA

Bakas, D. ORCID: 0000-0003-4771-4505, Jackson, K. and Magkonis, G., 2020. Trade (dis)integration: the sudden death of NAFTA. Open Economies Review, 31 (4), pp. 931-943. ISSN 0923-7992

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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.

Item Type: Journal article
Publication Title: Open Economies Review
Creators: Bakas, D., Jackson, K. and Magkonis, G.
Publisher: Springer
Date: September 2020
Volume: 31
Number: 4
ISSN: 0923-7992
Identifiers:
NumberType
10.1007/s11079-019-09567-1DOI
1217708Other
Divisions: Schools > Nottingham Business School
Record created by: Jonathan Gallacher
Date Added: 02 Dec 2019 09:11
Last Modified: 15 Sep 2020 12:49
URI: http://irep.ntu.ac.uk/id/eprint/38671

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