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Conference Paper
One market, one money? Well, maybe ... sometimes
Laidler, David
(1991)
Proceedings - Economic Policy Symposium - Jackson Hole
Journal Article
Interview with Nancy Stokey
Rolnick, Arthur J.
(2000-12)
The Region
, Volume 14
, Issue Dec
, Pages 26-34
Journal Article
Maquiladora industry: past, present and future
Coronado, Roberto; Cañas, Jesus
(2002)
Business Frontier
Journal Article
The benefits of NAFTA for jobs, wages and the future of America
anonymous
(1993-11)
The North American Free Trade Agreement has recently taken center stage in a widespread debate. The following roundtable discussion among Dallas Fed economists addresses key topics in the debate.
Southwest Economy
, Issue Nov
, Pages 3-7
Working Paper
Why do countries pursue bilateral trade agreements: a case study of North America
Kouparitsas, Michael A.
(1997)
Current trade theory argues that countries pursue bilateral trade agreements to escape from a terms-of-trade driven prisoners' dilemma. This paper offers an empirical test of the theory. Using simulation results from a quantitative trade model of North America I show that the non-cooperative and cooperative payoffs implicit in the CFTA and NAFTA take on the two essential elements of a prisoners' dilemma. First, my results suggest that irrespective of county size unilateral liberalization makes the liberalizing country worse off, while making its regional trading partner better off. Next, I ...
Working Paper Series, Macroeconomic Issues
, Paper WP-97-20
Newsletter
The binational Great Lakes economy
Testa, William A.; Oppedahl, David B.; Merkel, Loula S.
(2000-05)
Chicago Fed Letter
, Issue May
Journal Article
NAFTA: fast forward?
Little, Jane Sneddon
(1997-07)
Regional Review
, Issue Sum
, Pages 25-26
Journal Article
NAFTA: capstone and cornerstone
O'Driscoll, Gerald P.; Gruben, William C.; Welch, John H.
(1993-09)
Southwest Economy
, Issue Sep
, Pages 1-4
Working Paper
Gravity model specification and the effects of the Canada-U.S. border
Wall, Howard J.
(2000)
There is a well-established literature finding that the Canada-U.S. border has a large dampening effect on trade, is asymmetric, and differs across provinces. In this paper, I demonstrate that the standard gravity model used to obtain these results provides biased estimates of the volume of trade. I attribute this to heterogeneity bias and reestimate the effects of the border using a gravity model that allows for heterogeneous gravity equations. Doing so does not alter the general results of existing studies, although it does yield a border effect that is 40 percent larger, reverses the ...
Working Papers
, Paper 2000-024
Conference Paper
Real exchange rates and investment booms in Mexico
McLeod, Darryl; Welch, John H.
(1991)
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