NAFTA Elimination of Tariffs Boosts Canadian Economy and Trade Volume
The article examines how NAFTA affects Canada's economy using a model called the general equilibrium trade (GET) model. This model looks at how tariff reductions in NAFTA impact resource allocation, trade patterns, and real income in different sectors of the economy. The goal is to understand how NAFTA influences Canada's Gross Domestic Product, Total Factor Productivity, trade volume, and real income levels.