Accounting for the new gains from trade liberalization

Chang-Tai Hsieh, Nicholas Li, Ralph Ossa and Mu-Jeung Yang

We measure the "new" gains from trade reaped by Canada as a result of the Canada-US Free Trade Agreement (CUSFTA). We think of the "new" gains from trade of a country as all welfare effects pertaining to changes in the set of firms serving that country as emphasized in the so-called "new" trade literature. To this end, we first develop an exact decomposition of the gains from trade which separates "traditional" and "new" gains. We then apply this decomposition using Canadian and US micro data and and that the "new" welfare effects of CUSFTA on Canada were negative.

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Year of publication:	March 2017
Authors:	Hsieh, Chang-tai ; Li, Nicholas ; Ossa, Ralph ; Yang, Mu-jeung
Publisher:	Zurich : University of Zurich, Department of Economics
Subject:	Gains from trade \| trade liberalization \| CUSFTA \| Handelsliberalisierung \| Trade liberalization \| Außenhandelsgewinn \| Wohlfahrtsanalyse \| Welfare analysis \| Handelsabkommen \| Trade agreement \| Kanada \| Canada \| Theorie \| Theory

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Extent:	1 Online-Ressource (circa 70 Seiten) Illustrationen
Series:	Working paper series / University of Zurich, Department of Economics. - Zurich : [Verlag nicht ermittelbar], ISSN 1664-705X, ZDB-ID 2625625-3. - Vol. no. 249
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	10.5167/uzh-136666 [DOI] hdl:10419/162449 [Handle]
Classification:	F10 - Trade. General ; F12 - Models of Trade with Imperfect Competition and Scale Economies ; F14 - Country and Industry Studies of Trade
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011640556