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Economic Integration Business Cycle And Productivity In North America
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Book Synopsis Economic Integration, Business Cycle, and Productivity in North America by : M. Ayhan Kose
Download or read book Economic Integration, Business Cycle, and Productivity in North America written by M. Ayhan Kose and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-08-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis North American Economic Integration by : Norris C. Clement
Download or read book North American Economic Integration written by Norris C. Clement and published by Cheltenham [England] : Edward Elgar Pub.. This book was released on 1999 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work explains the theoretical, historical and political background of the North American Free Trade Agreement (NAFTA), covering its impact and the debates surrounding its existence. The authors also introduce the theory of economic integration and post-war economic management.
Book Synopsis North American Economic and Financial Integration by : Alan M. Rugman
Download or read book North American Economic and Financial Integration written by Alan M. Rugman and published by JAI Press Incorporated. This book was released on 2004-06-30 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains selected papers first presented at the "Canada-United States Business Conference" held at the Kelley School of Business, Indiana University, on April 11-12, 2003. The set of 18 chapters in this book are grouped into three major sections. Part I deals with regional economic integration in North America, including papers on the strategies of multinational enterprises and exporting firms. In Part II, five chapters deal with financial integration in North America and the issues of a common currency.Finally, specific industry sectors and issues of public policy across the Canada-U.S. border are examined in Part III. They include: agriculture; softwood lumber; transportation; and electricity. The key issues of current interest and concern examined include: cross border trade and security - of particular importance in the post-9/11 environment; NAFTA at age ten; and the impact of the Free Trade of the Americas (FTAA) on NAFTA; and, the FTAA and civil society. The key policy areas discussed included regulation, labor mobility, productivity, and specific sectoral issues (energy, transportation, etc.). In addition to this examination of key research issues, authors also explore managerial and public policy implications of their findings.
Book Synopsis Continental Accord by : Fraser Institute (Vancouver, B.C.)
Download or read book Continental Accord written by Fraser Institute (Vancouver, B.C.) and published by . This book was released on 1991 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Business Cycle Synchronization and Regional Integration by : Norbert M. Fiess
Download or read book Business Cycle Synchronization and Regional Integration written by Norbert M. Fiess and published by . This book was released on 2005 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In early January 2003, the United States and Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua launched official negotiations for the Central American Free Trade Agreement (CAFTA), a treaty that would expand NAFTA-style trade barrier reductions to Central America. With deeper trade integration between Central America and the United States, it is expected that there will be closer links in business cycles between Central American countries and the United States. The paper finds a relatively low degree of business cycle synchronization within Central America as well as between Central America and the United States. The business cycle synchronization is expected to increase only modestly with further trade expansion, making the coordination of macroeconomic policies within CAFTA somewhat less of a priority.
Book Synopsis Continental Accord by : Fraser Institute (Vancouver, B.C.)
Download or read book Continental Accord written by Fraser Institute (Vancouver, B.C.) and published by . This book was released on 1991 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis North America in Question by : Jeffrey McKelvey Ayres
Download or read book North America in Question written by Jeffrey McKelvey Ayres and published by . This book was released on 2000 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Can North America survive as a region in light of the political turbulence provoked by the global economic crisis? Or have regional integration and collaboration reached a plateau beyond which disintegration is likely? In North America in Question, leading analysts from Canada, the United States, and Mexico provide theoretically innovative and rich empirical reflections on current challenges sweeping the continent and on the faltering political support for North American regionalism.
Book Synopsis Economic Integration, Business Cycles, and Productivity in North America by : Roberto Cardarelli
Download or read book Economic Integration, Business Cycles, and Productivity in North America written by Roberto Cardarelli and published by . This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Hysteresis and Business Cycles by : Ms.Valerie Cerra
Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Book Synopsis NAFTA Revisited by : Gary Clyde Hufbauer
Download or read book NAFTA Revisited written by Gary Clyde Hufbauer and published by Columbia University Press. This book was released on 2005-10-15 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: NAFTA entered into force in 1994 after a bitter Congressional debate. But NAFTA in operation has proved no less controversial than NAFTA before ratification, for both supporters and opponents of trade liberalization have cited experience with the agreement to justify their positions. To provide a factual basis for this ongoing debate, the authors evaluate NAFTA's performance over the first seven years, comparing actual experience with both the objectives of the agreement's supporters and the charges of its critics. They then examine future challenges and opportunities in the trade and investment relationships among the three partner countries and the broader implications for new trade initiatives throughout the hemisphere.
Author :Council on Foreign Relations Publisher :Council on Foreign Relations ISBN 13 :0876095996 Total Pages :138 pages Book Rating :4.8/5 (76 download)
Book Synopsis North America by : Council on Foreign Relations
Download or read book North America written by Council on Foreign Relations and published by Council on Foreign Relations. This book was released on 2014-10-01 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This CFR-sponsored Independent Task Force report, North America: Time for a New Focus, asserts that elevating and prioritizing the U.S.-Canada-Mexico relationship offers the best opportunity for strengthening the United States and its place in the world.
Book Synopsis How Has Nafta Affected the Mexican Economy? Review and Evidence by : Mr.Ayhan Kose
Download or read book How Has Nafta Affected the Mexican Economy? Review and Evidence written by Mr.Ayhan Kose and published by International Monetary Fund. This book was released on 2004-04-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business cycle dynamics, are documented with reference both to stylized facts and recent empirical research. The paper concludes by drawing lessons from Mexico's NAFTA experience for policymakers in developing countries. The foremost of these is that in an increasingly globalized trading system, bilateral and regional free trade arrangements should be used to accelerate, rather than postpone, needed structural reform.
Book Synopsis Development Macroeconomics by : Subrata Ghatak
Download or read book Development Macroeconomics written by Subrata Ghatak and published by Routledge. This book was released on 2009-03-09 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: The project brings together a number relevant papers on Macroeconomics of Economic Development from many eminent economists from USA,UK, India and China who are closely associated with the works of Late Professor Anita Ghatak
Book Synopsis Asian Economic Integration in an Era of Global Uncertainty by : Shiro Armstrong
Download or read book Asian Economic Integration in an Era of Global Uncertainty written by Shiro Armstrong and published by ANU Press. This book was released on 2018-01-08 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968. The 38th PAFTAD conference met at a key time to consider international economic integration. Earlier in the year, the people of the United Kingdom voted to leave the European Union and the United States elected Donald Trump as their next president on the back of an inward-looking ‘America First’ promise. Brexit and President Trump represent a growing, and worrying, trend towards protectionism in the North Atlantic countries that have led the process of globalisation since the end of the Second World War. The chapters in the volume describe the state of play in Asian economic integration but, more importantly, look forward to the region’s future, and the role it might play in defending the global system that has underwritten its historic rise. Asia has the potential to stand as a bulwark against the dual threats of North Atlantic protectionism and slowing trade growth, but collective leadership will be needed regionally and difficult domestic reforms will be required in each country.
Book Synopsis Regional integration and productivity : the experiences of Brazil and Mexico (Working Paper ITD = Documento de Trabajo ITD ; n. 14) by : Mauricio Mesquita Moreira
Download or read book Regional integration and productivity : the experiences of Brazil and Mexico (Working Paper ITD = Documento de Trabajo ITD ; n. 14) written by Mauricio Mesquita Moreira and published by BID-INTAL. This book was released on 2015 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the impact of integration on productivity? What are the main channels? Is there anything specific about productivity effects in regional agreements? This paper tries to answer these questions by looking at the experience of Brazil and Mexico. We estimate firm-level productivity and test its causal links with trade and FDI variables. The results suggest strong trade related gains, with import discipline emerging as the dominant effect. The results on learning-by-exporting were mixed, with gains restricted to Brazil's regional and worldwide exports. On FDI, foreign firms appear to have had a positive impact on their buyers and suppliers in Mexico, but in Brazil, the overall impact was statistically insignificant on productivity levels and negative on productivity growth.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1513516175 Total Pages :208 pages Book Rating :4.5/5 (135 download)
Book Synopsis World Economic Outlook, October 2019 by : International Monetary Fund. Research Dept.
Download or read book World Economic Outlook, October 2019 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2019-10-15 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
Book Synopsis Regionalization vs. Globalization by : Mr.Hideaki Hirata
Download or read book Regionalization vs. Globalization written by Mr.Hideaki Hirata and published by INTERNATIONAL MONETARY FUND. This book was released on 2013-01-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the global, regional, and country-specific factors in explaining business cycles in a large sample of countries and regions over the period 1960–2010. We find that, since the mid-1980s, the importance of regional factors has increased markedly in explaining business cycles especially in regions that experienced a sharp growth in intra-regional trade and financial flows. By contrast, the relative importance of the global factor has declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business cycles.
