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| McDaniel, Christine A.; Balistreri, Edward J.. |
| Applied partial and general equilibrium models used to examine trade policy are almost universally sensitive to trade elasticities. Indeed, the Armington elasticity, the degree of substitution between domestic and imported goods, is a key behavioral parameter that drives the quantitative, and sometimes the qualitative, results that policymakers use. While standard transparent approaches to econometric estimation of these elasticities have been offered for the last 30 years, the estimates are viewed as too small by many trade economists. A few robust findings emerge from the econometric literature: (1) more disaggregate analyses find higher elasticities, (2) long-run estimates are higher than short-run estimates, and (3) time series analyses generally find... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/15856 |
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| Hillberry, Russell H.; McDaniel, Christine A.. |
| Total U.S. trade with NAFTA partners has increased 78 percent in real terms since 1993U.S.-Mexico trade alone is up 141 percentcompared to a 43 percent increase in U.S. trade with the rest of the world. In this article we compare the nature of U.S. trade growth with Canada and Mexico to growth in U.S. trade with non-NAFTA partners. We apply a simple decomposition of trade growth offered by Hummels and Klenow (2002) that provides insights into whether the United States is trading more of the same goods with NAFTA partners since 1993, or trading new products. The results provide evidence of both. A sizeable component of U.S. trade growth since 1993 can be explained by increases in the variety of products the U.S. imports from Mexico. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/15866 |
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| Agama, Laurie-Ann; McDaniel, Christine A.. |
| This paper focuses on the U.S. tariff preference afforded to Mexico vis-à-vis non-NAFTA trading partners, and allows us to evaluate the impact of NAFTA in a manner consistent with the idea behind a preferential trading agreement. The estimation technique exploits the time-varying dimension of the tariff preference, over 1983 to 2001. We find that a higher tariff preference corresponds to increased U.S. import demand for goods, and that import demand was more responsive to changes in the tariff preference once NAFTA was in place than it was on average. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/15873 |
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