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Full-Text Articles in Social and Behavioral Sciences
The Gettysburg Economic Review, Volume 2, Spring 2008
The Gettysburg Economic Review, Volume 2, Spring 2008
Gettysburg Economic Review
No abstract provided.
Industry Structure Similarities, Trade Agreements, And Business Cycle Synchronization, Samuel D. Marll
Industry Structure Similarities, Trade Agreements, And Business Cycle Synchronization, Samuel D. Marll
Gettysburg Economic Review
This paper analyzes the effects of industry structure similarities, free trade agreements, and geographic borders on regional business cycle correlation, using fifty US states, 10 Canadian provinces, and 1 Canadian territory as a case study. Using two cross-sectional OLS regressions and one panel data OLS regression, this study finds that pair-wise gross territorial product growth correlation decreased significantly after NAFTA ratification for state-state, province-province, and state-province territorial pairs, contrary to previous literature’s results. NAFTA effectively decoupled intra-national business cycles in the US and Canada while also desynchronizing cross-border pair-wise GSP growth correlation, but cross-border pair-wise GSP growth correlation was much …