Economic integration in North America: Learning from the experience of the European Union for the NAFTA
In this document we analyze, based on previous work from various authors, the degree of economic synchronization between Central and Eastern European countries and the European Union prior to the 2004 adhesion treaties. Then, we formally determine the degree of economic synchronization in North Amer...
Gorde:
| Egile Nagusiak: | , |
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| Formatua: | Online |
| Hizkuntza: | spa |
| Argitaratua: |
Universidad Autónoma de Baja California
2009
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| Sarrera elektronikoa: | https://ref.uabc.mx/ojs/index.php/ref/article/view/154 |
| Etiketak: |
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| Gaia: | In this document we analyze, based on previous work from various authors, the degree of economic synchronization between Central and Eastern European countries and the European Union prior to the 2004 adhesion treaties. Then, we formally determine the degree of economic synchronization in North America for the nafta transitional period. In particular, we perform cointegration and common features tests for the gdps of Canada, Mexico and the US. We find that the economies of the region are highly integrated. Based on these results, and the facts identified for the European case, we discuss some possibilities for the evolution of nafta into a deeper form of economic integration. |
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