Gaston, Noel; Trefler, Daniel - In: Canadian Journal of Economics 30 (1997) 1, pp. 18-41
The Canada-U.S. Free Trade Agreement (FTA) was expected to reallocate workers from high-cost firms to low-cost firms, thus promoting specialization and trade creation. Instead, employment contracted across all industries during 1989-93 and real exports and imports contracted over most of the...