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Regional Economic Integration: The Canada-U.S. Experience

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  • Steven Globerman

    (Western Washington University)

Abstract

This paper assesses the nature and degree of bilateral economic integration preceding and following the implementation of the Canada- U.S. Free Trade Agreement (CUSTA). Various price-based and quantity- based indicators of economic integration are assessed. Results vary depending upon the indicator; however, on balance, the results provide only modest evidence of incremental integration in the post-CUSTA period. The findings serve as a caution against managers and policymakers assuming that regional integration is an inevitable dynamic and basing strategies and policies around this assumption.

Suggested Citation

  • Steven Globerman, 2004. "Regional Economic Integration: The Canada-U.S. Experience," International Trade 0406003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpit:0406003
    Note: Type of Document - pdf; pages: 40
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    References listed on IDEAS

    as
    1. Devereux, Michael B. & Lane, Philip R., 2003. "Understanding bilateral exchange rate volatility," Journal of International Economics, Elsevier, vol. 60(1), pages 109-132, May.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic integration; free trade agreements; trade; foreign direct investment; price convergence.;
    All these keywords.

    JEL classification:

    • F - International Economics

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