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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Accounting for the new gains from trade liberalization
Organization Unit
Authors
  • Chang-Tai Hsieh
  • Nicholas Li
  • Ralph Ossa
  • Mu-Jeung Yang
Language
  • English
Institution University of Zurich
Series Name Working paper series / Department of Economics
Number 249
ISSN 1664-7041
Number of Pages 49
Date 2017
Abstract Text We measure the "new" gains from trade reaped by Canada as a result of the Canada-US Free Trade Agreement (CUSFTA). We think of the "new" gains from trade of a country as all welfare effects pertaining to changes in the set of firms serving that country as emphasized in the so-called "new" trade literature. To this end, we first develop an exact decomposition of the gains from trade which separates "traditional" and "new" gains. We then apply this decomposition using Canadian and US micro data and and that the "new" welfare effects of CUSFTA on Canada were negative.
Official URL http://www.econ.uzh.ch/static/wp/econwp249.pdf
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Keywords Gains from trade, trade liberalization, CUSFTA, Handelsabkommen, Liberalisierung, Wohlfahrtseffekt, USA, Kanada