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The Economics of Regional Trading Arrangements$
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Richard Pomfret

Print publication date: 2001

Print ISBN-13: 9780199248872

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199248877.001.0001

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North America

North America

(p.286) 13 North America
The Economics of Regional Trading Arrangements

Richard Pomfret (Contributor Webpage)

Oxford University Press

Deals with empirical work on North American regional trading arrangements. Section 1 reports estimates of the impact of a free trade area between the USA and Canada. This literature was innovative in trying to account for scale economies and general equilibrium effects of an RTA. The remainder of the chapter deals with the effects of the North American Free Trade Agreement (NAFTA) on the three signatories (Sect. 2) and on non‐member countries (Sect. 3). Section 4 draws conclusions.

Keywords:   Canada, economies of scale, free trade area, general equilibrium, NAFTA, regional trading arrangement, USA

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