Economic Integration, Business Cycle, and Productivity in North America:
This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement (CUSFTA), have led to a substantial expansion of trade flo...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2004
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 04/138 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement (CUSFTA), have led to a substantial expansion of trade flows. Although common factors have played a larger role in explaining business cycles in Canada and the United States since the early 1980s, country-specific and idiosyncratic factors remain important for Canada. At the same time, while increased trade integration seems to have positively contributed to total factor productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also suggest that substantial benefits could be reaped from further reducing remaining barriers to trade |
| Beschreibung: | 1 Online-Ressource (46 p) |
| ISBN: | 1451856016 9781451856019 |
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| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:32Z |
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| series2 | IMF Working Papers |
| spelling | Kose, M. Ayhan Verfasser aut Economic Integration, Business Cycle, and Productivity in North America Kose, M. Ayhan Washington, D.C International Monetary Fund 2004 1 Online-Ressource (46 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/138 This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement (CUSFTA), have led to a substantial expansion of trade flows. Although common factors have played a larger role in explaining business cycles in Canada and the United States since the early 1980s, country-specific and idiosyncratic factors remain important for Canada. At the same time, while increased trade integration seems to have positively contributed to total factor productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also suggest that substantial benefits could be reaped from further reducing remaining barriers to trade Online-Ausg Cardarelli, Roberto Sonstige oth http://elibrary.imf.org/view/IMF001/01958-9781451856019/01958-9781451856019/01958-9781451856019.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Kose, M. Ayhan Economic Integration, Business Cycle, and Productivity in North America |
| title | Economic Integration, Business Cycle, and Productivity in North America |
| title_auth | Economic Integration, Business Cycle, and Productivity in North America |
| title_exact_search | Economic Integration, Business Cycle, and Productivity in North America |
| title_exact_search_txtP | Economic Integration, Business Cycle, and Productivity in North America |
| title_full | Economic Integration, Business Cycle, and Productivity in North America Kose, M. Ayhan |
| title_fullStr | Economic Integration, Business Cycle, and Productivity in North America Kose, M. Ayhan |
| title_full_unstemmed | Economic Integration, Business Cycle, and Productivity in North America Kose, M. Ayhan |
| title_short | Economic Integration, Business Cycle, and Productivity in North America |
| title_sort | economic integration business cycle and productivity in north america |
| url | http://elibrary.imf.org/view/IMF001/01958-9781451856019/01958-9781451856019/01958-9781451856019.xml |
| work_keys_str_mv | AT kosemayhan economicintegrationbusinesscycleandproductivityinnorthamerica AT cardarelliroberto economicintegrationbusinesscycleandproductivityinnorthamerica |