This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Why do countries pursue bilateral trade agreements: a case study of North America Author info | Abstract | Publisher info | Download info | Related research | Statistics Michael A. Kouparitsas
Additional information is available for the following
registered author(s):
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 show that cooperative bilateral agreements make both liberalizing partners better off.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Federal Reserve Bank of Chicago in its series Working Paper Series, Macroeconomic Issues with number
WP-97-20.
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Length:
Date of creation: 1997Date of revision:
Handle: RePEc:fip:fedhma:wp-97-20Contact details of provider: Postal: P.O. Box 834, 230 South LaSalle Street, Chicago, Illinois 60690-0834 Phone: 312/322-5111 Fax: 312/322-5515 Email: Web page: http://www.chicagofed.org/ More information through EDIRC
Order Information: Email: Web: http://www.frbchi.org/pubs-speech/publications/print_order_script.html
For technical questions regarding this item, or to correct its listing, contact: (Diane Rosenberger).
Keywords: North American Free Trade Agreement References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
David K. Backus & Patrick J. Kehoe & Finn E. Kydland, 1993.
"International Business Cycles: Theory and Evidence ,"
Working Papers
93-21, New York University, Leonard N. Stern School of Business, Department of Economics.
Other versions: Feenstra, R.C., 1995.
"Estimating the Effects of Trade Policy ,"
Papers
95-10, California Davis - Institute of Governmental Affairs.
Other versions:
Robert C. Feenstra, 1995.
"Estimating the Effects of Trade Policy ,"
NBER Working Papers
5051, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Feenstra, R.C., 1995.
"Estimating the Effects of Trade Policy ,"
Department of Economics
95-10, California Davis - Department of Economics.
Feenstra, Robert C., 1995.
"Estimating the effects of trade policy ,"
Handbook of International Economics ,
in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 30, pages 1553-1595
Elsevier.
[Downloadable!] (restricted) Clinton R. Shiells & Kenneth A. Reinert, 1993.
"Armington Models and Terms-of-Trade Effects: Some Econometric Evidence for North America ,"
Canadian Journal of Economics ,
Canadian Economics Association, vol. 26(2), pages 299-316, May.
[Downloadable!] (restricted)
Bagwell, Kyle & Staiger, Robert W, 1998.
"Will Preferential Agreements Undermine the Multilateral Trading System? ,"
Economic Journal ,
Royal Economic Society, vol. 108(449), pages 1162-82, July.
[Downloadable!] (restricted)
Ramey, Valerie A, 1989.
"Inventories as Factors of Production and Economic Fluctuations ,"
American Economic Review ,
American Economic Association, vol. 79(3), pages 338-54, June.
[Downloadable!] (restricted)
McKibbin, Warwick J. & Wilcoxen, Peter J., 1998.
"The theoretical and empirical structure of the G-Cubed model ,"
Economic Modelling ,
Elsevier, vol. 16(1), pages 123-148, January.
[Downloadable!] (restricted)
Other versions: Michael A. Kouparitsas, 1998.
"Dynamic trade liberalization analysis: steady state, transitional and inter-industry effects ,"
Working Paper Series
WP-98-15, Federal Reserve Bank of Chicago.
[Downloadable!]
Enrique G. Mendoza & Linda L. Tesar, 1995.
"Supply-Side Economics in a Global Economy ,"
NBER Working Papers
5086, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Brown, D.K. & Deardorff, A.V. & Stern, R.M., 1991.
"A North American Free Trade Agreement: Analytical Issues and A Computational Assessment ,"
Working Papers
289, Research Seminar in International Economics, University of Michigan.
David Lipton & James M. Poterba & Jeffrey Sachs & Lawrence H. Summers, 1983.
"Multiple Shooting in Rational Expectations Models ,"
NBER Technical Working Papers
0003, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Baxter, Marianne, 1992.
"Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo? ,"
Journal of Political Economy ,
University of Chicago Press, vol. 100(4), pages 713-44, August.
[Downloadable!] (restricted)
Other versions: Michael A. Kouparitsas, 1996.
"North-South business cycles ,"
Working Paper Series, Macroeconomic Issues
96-9, Federal Reserve Bank of Chicago.
[Downloadable!]
King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988.
"Production, growth and business cycles : I. The basic neoclassical model ,"
Journal of Monetary Economics ,
Elsevier, vol. 21(2-3), pages 195-232.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Michael A. Kouparitsas, 1998.
"Dynamic trade liberalization analysis: steady state, transitional and inter-industry effects ,"
Working Paper Series
WP-98-15, Federal Reserve Bank of Chicago.
[Downloadable!]
Access and
download statistics Did you know? IDEAS also indexes software components .
This page was last updated on 2008-9-17.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .