000			02034cam a22003137 4500
001			w11059
003			NBER
005			20211020112626.0
006			m o d
007			cr cnu||||||||
008			210910s2005 mau fo 000 0 eng d
100	1		_aRomalis, John. _919667
245	1	0	_aNAFTA's and CUSFTA's Impact on International Trade / _cJohn Romalis.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2005.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w11059
500			_aJanuary 2005.
520	3		_aThis 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.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aF1 - Trade _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w11059.
856	4	0	_uhttps://www.nber.org/papers/w11059
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w11059
942			_2ddc _cW-PAPER
999			_c337105 _d295667