Davies, Ronald B; Liebman, Benjamin H; Tomlin, Kasaundra - School of Economics, University College Dublin - 2015
We investigate the response of US trucking firms to the removal of barriers to crossborder trucking under NAFTA. This was done via a program implemented in 2007, cancelled in 2009, and reinstated in 2011. We find that, unsurprisingly, the program’s start resulted in lower stock returns,...