کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
975339 1479792 2012 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Regional integration and dynamic adjustments: Evidence from gross national product functions for Canada and the United States
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Regional integration and dynamic adjustments: Evidence from gross national product functions for Canada and the United States
چکیده انگلیسی

We estimate a translog Gross National Product function and test for endogenously determined structural change allowing for anticipated and lagged responses to regional trade agreements. We found that Canada embarked on a long transition path prior to the implementation of the Canada-U.S. Trade Agreement, a result reminiscent of Magee's (2008) results concerning RTAs’ trade creation effects. In contrast, the United States experienced an abrupt structural change a year after the North American Free Trade Agreement took effect. This reflects that smaller economies benefitting from larger changes in terms of trade are confronted to more complex adjustment processes than larger economies.


► We estimate a translog Gross National Product function and test for endogenously determined structural change.
► We rely on structural change processes experienced by Canada and the United States in response to regional trade initiatives.
► Canada embarked on a long transition path prior to the implementation of the Canada-U.S. Trade Agreement.
► The United States experienced an abrupt structural change a year after the North American Free Trade Agreement took effect.
► We also found that Stolper–Samuelson and Rybcynski elasticities experienced sign reversals and a magnification effect.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The North American Journal of Economics and Finance - Volume 23, Issue 2, August 2012, Pages 246–264
نویسندگان
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