Abstract
The North American Free Trade Agreement (NAFTA) provides an historic opportunity to enhance the aggregate economic welfare of the United States, Mexico, and Canada. The successful negotiation of a U.S. Canada Free Trade Agreement (FTA) and its subsequent implementation beginning in January 1989 set the stage for NAFTA. While it is still too early to assess fully the economic consequences of the U.S. Canada FTA, there is widespread consensus on the basis of a substantial number of academic, governmental, and privately sponsored studies that both nations will realize permanent gains in aggregate economic welfare as the result of FTA. The same can be expected from NAFTA.
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© 1995 Kluwer Academic Publishers
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Brown, D.K., Deardorff, A.V., Stern, R.M. (1995). Estimates of a North American Free Trade Agreement. In: Kehoe, P.J., Kehoe, T.J. (eds) Modeling North American Economic Integration. Advanced Studies in Theoretical and Applied Econometrics, vol 31. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0123-0_3
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DOI: https://doi.org/10.1007/978-94-009-0123-0_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-6542-9
Online ISBN: 978-94-009-0123-0
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