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import functions or exportled growth. Focusing on the US relations with Euroland and Canada, cointegration analyses however …
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between Canada and U.S. are essentially zero. Both findings are at odds with the data. A specification that assumes correlated …
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times more than real GDP in the U.S. and Mexico, and by a factor of five in Canada. The decline in trade and output was … benchmark calibration can account for 72% of the fall in output in Canada, 19% of the fall in output in Mexico, and about two …
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