G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w18508
来源IDWorking Paper 18508
Estimates of the Trade and Welfare Effects of NAFTA
Lorenzo Caliendo; Fernando Parro
发表日期2012-11-01
出版年2012
语种英语
摘要We build into a Ricardian model sectoral linkages, trade in intermediate goods, and sectoral heterogeneity in production to quantify the trade and welfare effects from tariff changes. We also propose a new method to estimate sectoral trade elasticities consistent with any trade model that delivers a multiplicative gravity equation. We apply our model and use our estimated elasticities to identify the impact of NAFTA's tariff reductions. We find that Mexico's welfare increases by 1.31%, U.S.'s welfare increases by 0.08%, and Canada's welfare declines by 0.06%. We find that intra-bloc trade increases by 118% for Mexico, 11% for Canada and 41% for the U.S. We show that welfare effects from tariff reductions are reduced when the structure of production does not take into account intermediate goods or input-output linkages. Our results highlight the importance of sectoral heterogeneity, intermediate goods and sectoral linkages for the quantification of the welfare gains from tariffs reductions.
主题International Economics ; Trade
URLhttps://www.nber.org/papers/w18508
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/576182
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GB/T 7714
Lorenzo Caliendo,Fernando Parro. Estimates of the Trade and Welfare Effects of NAFTA. 2012.
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