Any benefits from reduced foreign competition would be offset by higher prices for imported intermediate goods and higher tariffs on exports.
If tariffs and other trade barriers default to international norms, GDP would decline by 0.22% in the United States, 1.8% in Mexico and 2.2% in Canada.
Machine-readable bibliographic record - MARC, RIS, Bib Te X Document Object Identifier (DOI): 10.3386/w10289 Bulletin on Retirement and Disability Bulletin on Health including Archive of Lists of Affiliates' Work in Medical and Other Journals with Pre-Publication Restrictions Archives of Bulletin on Aging and Health Digest — Non-technical summaries of 4-8 working papers per month Reporter — News about the Bureau and its activities.
Against a backdrop of rising protectionism, the paper sets out what could be at stake if the North American Free Trade Agreement (NAFTA) were revoked. In the first, tariffs that were lowered under NAFTA revert to those under standard World Trade Organisation (WTO) rules while non-tariff trade barriers revert to pre-NAFTA levels.
(2006), "The impact of NAFTA on the Mexican‐American trade", International Journal of Commerce and Management, Vol.
https://doi.org/10.1108/10569210680000219 Download as . To exemplify this, we provide a quantitative assessment of the aggregate and distributional effects of one hypothetical protectionist measure - the case of revoking the North American Free Trade Agreement (NAFTA).Using a multi-country, multi-sector, quantitative model of global production, we show that a full revocation extending to both tariffs and non-tariff trade barriers would result in a real annual GDP loss of US$ 37 billion in Canada, US$ 22 billion in Mexico, and US$ 40 billion in the USA.Machine-readable bibliographic record - MARC, RIS, Bib Te X Document Object Identifier (DOI): 10.3386/w9563 Published: Estevadeordal, Antoni, Dani Rodrik, Alan Taylor, and Andres Velasco (eds.) Integrating the Americas: FTAA and Beyond. Bulletin on Retirement and Disability Bulletin on Health including Archive of Lists of Affiliates' Work in Medical and Other Journals with Pre-Publication Restrictions Archives of Bulletin on Aging and Health Digest — Non-technical summaries of 4-8 working papers per month Reporter — News about the Bureau and its activities. 10289 Issued in February 2004 NBER Program(s): International Finance and Macroeconomics Mexico, a prominent liberalizer, failed to attain stellar gross domestic product (GDP) growth in the 1990s, and since 2001 its GDP and exports have stagnated. 9563 Issued in March 2003 NBER Program(s): International Trade and Investment, Labor Studies In this paper, I examine the impacts of trade and investment liberalization on the wage structure of Mexico. These changes have resulted in an increase in wage dispersion in the country.Part one of the paper surveys recent literature on the labor-market consequences of Mexico's economic reforms in the 1980? Mexico's policy reforms appear to have raised the demand for skill in the country, reduced rents in industries that prior to reform paid their workers high wages, and raised the premium paid to workers in states along the U. Part two of the paper examines changes in Mexico's wage structure during the 1990's.In contrast, annual combined losses would amount to less than US$ 5 billion if only tariff rates were to be increased.For both counterfactuals, the distributional impacts across sectors would be an order of magnitude larger than the aggregate effects.Regional wage differentials in Mexico have widened and appear to be explained largely by variation in regional access to foreign trade and investment and in regional opportunities for migration to the United States.I discuss implications of Mexico's experience for the rest of Latin America in the event a Free Trade Agreement of the Americas is enacted.