We describe the main economic arguments posed for and against the North American Free Trade Agreement (NAFTA) during the U.S. policy debate. To evaluate these arguments, we analyze recent trade data and survey post-NAFTA studies. We find that both the U.S. and Mexico benefit from NAFTA, with...

The Pacific Rim members of the Asia Pacific Economic Cooperation (APEC) group have different views about the role each should play in fostering further trade liberalization. But at the November 1994 APEC meetings in Bogor they committed themselves to forming an APEC free trade area. The authors...

The problem of recovering the entries of a large matrix of expenditure, trade, or income flows from limited-incomplete multisectoral economic data is considered. Making use of some consistency and adding up restrictions, the problem is cast as a pure inverse problem and specified within a...