Economics, Econometrics and Finance
8 years ago

NAFTA Boosts US-Mexico Trade, Reshapes Regional Economies

Applied Economics
The impact of tariff liberalization between the United States and Mexico: an empirical analysis
Roy Boyd, Kerry Krutilla, Joseph A. McKinney

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The article examines how reducing tariffs between the US and Mexico affects the economy. Using a model, the researchers predict that while the overall impact on the US economy is small, certain industries and regions may see significant changes. Despite this, the agreement is expected to boost economic welfare and growth.