Economic integration in North America: Learning from the experience of the European Union for the NAFTA

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...

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Bibliographic Details
Main Authors: Ramírez Acosta, Ramón de Jesús, Castillo Ponce, Ramón A.
Format: info:eu-repo/semantics/article
Language:spa
Published: Universidad Autónoma de Baja California 2009
Subjects:
Economic synchronization
advanced economic integration
cointegration
common cycles.
Social sciences
Statistics
Economics
capitalism
Demographics Economic Cycles
Economic fluctuations
Political Science
International relations
International organizations and associations
Sincronización económica
integración económica avanzada
cointegración
ciclo común.
Ciencias sociales
Estadística
Economía
Capitalismo
Demografía Ciclos económicos
Fluctuaciones económicas
Ciencias políticas
Relaciones internacionales
Organizaciones y asociaciones internacionales
Online Access:https://ref.uabc.mx/ojs/index.php/ref/article/view/154
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Summary: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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