The Impact of NAFTA on the United States

Burfisher, Mary E.; Robinson, Sherman; Thierfelder, Karen

doi:10.1257/jep.15.1.125

Cited by 192 publications

(98 citation statements)

References 6 publications

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“…For tractability most CGE models impose relatively simple and stringent assumptions such as constant returns to scale production and appear to underestimate the impact of trade agreements ex post (Burfisher, Robinson, andThierfelder 2001, Robinson andThierfelder 2002). One response to this "search for large numbers" has been to supplement CGE analyses with econometrically estimated gravity models that tend to generate larger estimated effects of trade agreements, though have the disadvantage of generating results only for trade volumes, and not economic efficiency or welfare per se.…”

Section: Quantitative Assessment Of Ftaapmentioning

confidence: 99%

The Free Trade Area of the Asia-Pacific: A Constructive Approach to Multilateralizing Asian Regionalism

2011

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Asian Development Bank InstituteThe Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI's working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of ADBI, the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Asian Development Bank Institute Kasumigaseki Building 8F 3-2-5 Kasumigaseki, Chiyoda-ku Tokyo 100-6008, JapanTel:+81-3-3593-5500 Fax:+81-3-3593-5571 URL:www.adbi.org E-mail: info@adbi.org AbstractThis paper examines the prospect of realizing regional economic integration via the mechanism of a Free Trade Area of the Asia-Pacific (FTAAP). The FTAAP initiative represents a politically ambitious, high potential benefit option for achieving Asian regional integration. Among its desirable attributes, the FTAAP initiative could help revive and promote a successful conclusion of the Doha Round negotiations; constitute a "Plan B" hedge if Doha fails; short-circuit the further proliferation of bilateral and sub-regional preferential agreements that create substantial new discrimination and discord within the Asia-Pacific region; defuse the renewed risk of "drawing a line down the middle of the Pacific" as East Asian, and perhaps the Western Hemisphere, initiatives produce disintegration of the Asia-Pacific region rather than the integration of that broader region that the Asia-Pacific Economic Cooperation (APEC) forum was created to foster; channel the People's Republic of China (PRC)-United States economic conflict into a more constructive and less confrontational context; and revitalize APEC, which is of enhanced importance because of the prospects for Asia-Pacific and especially the PRC-US fissures. An incremental approach to the FTAAP, explicitly embodying enforceable reciprocal commitments, offers the best hope delivering on the concept's abundant b...

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Section: Quantitative Assessment Of Ftaapmentioning

confidence: 99%

The Free Trade Area of the Asia-Pacific: A Constructive Approach to Multilateralizing Asian Regionalism

2011

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“…James and Umemoto present a model of ROO, but they do not implement this model in their empirical analysis of changes in trade shares. Burfisher, Robinson, and Thierfelder (2001) provide a useful survey of the impact of NAFTA on the United States that covers both macroeconomic issues and structural adjustments. They point out the fallacies in much of the macroeconomic discussion related to NAFTA involving the effects on U.S. labor markets, the balance of trade, aggregate employment effects, and the effects of the peso crisis.…”

Section: Nafta In Context and A Review Of The Literaturementioning

confidence: 99%

Trade Diversion Under NAFTA

Fukao¹,

Okubo²,

Stern³

2009

World Scientific Studies in International Economics

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“…Burfisher et al (2001) surveyed extensively the impact of NAFTA in several topics as the labour market migration, the Peso crisis, agriculture, automotive industry, textiles, among others.…”

Section: The Nafta In the Context Of Cge Modellingmentioning

confidence: 99%

Computational Aspects of General Equilibrium Theory

Brown¹,

Kübler²

2008

Lecture Notes in Economics and Mathematical Systems

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This thesis studies three different issues in the field of General Equilibrium theory: Computable General Equilibrium modelling, Input-Output Analysis and Consumer theory.Computable General Equilibrium modelling is addressed by implementing a SAMbased CGE model for the Indirect Transportations Costs present in the border crossing for the U.S.-Mexico bilateral trade. Here, an "iceberg-type" transportation function is assumed to determine the amount of loss that must be faced as a result of border crossing process through the ports of entry existing between the two countries. The study period covers annual data from 1995 to 2009 allowing the analysis of the trend of these costs considering the trade liberalisation that is experienced. Results show that the ITC have experienced a decrease of 12% during the period.Input-Output Analysis is applied through four different methodologies to assess the Mexican productive structure: Chenery-Watanabe direct linkages method, Rasmussen's total linkages approach, Streit's coefficients approach and the Non-Hypothetical Extraction Method. This is done aiming to capture distinct aspects of the economic intersectoral relationships. The study period covers from 1995 to 2009 using Input-Output Tables, with a level of disaggregation of 35 economic sectors. Thus, through the methodologies implemented is possible to detect changes in the productive structure both excluding the external sector and due to trade liberalisation that was experimented by the Mexican economy. The overall conclusion is that the Mexican productive structure experienced changes leading a substitution of domestic goods by foreign goods.Finally, Consumer Theory is analysed by testing the Generalized Axiom of Revealed Preference (GARP) in an empirical study with two different datasets. On the one hand, the empirical application of this concept is explored using a Non-parametric test to U.S. aggregate consumption per capita data from 1929-2009. This is done in order to determine consumption bundles and consumer behaviour altogether. On the other hand, a microeconomic approach is applied using data on weekly household food grocery purchases along two years. This analysis identifies the consumer behaviour over time and determines how prone they are to comply or violate the GARP. Thereby, in both cases leads to the general conclusion that the axiom violations occur as a result of significant variations in the price level.i

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The Impact of NAFTA on the United States

Cited by 192 publications

References 6 publications

The Free Trade Area of the Asia-Pacific: A Constructive Approach to Multilateralizing Asian Regionalism

The Free Trade Area of the Asia-Pacific: A Constructive Approach to Multilateralizing Asian Regionalism

Trade Diversion Under NAFTA

Computational Aspects of General Equilibrium Theory

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