A dynamic dual model of the North American free trade agreement /
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| Format: | Book |
| Language: | Spanish |
| Published: |
México, D. F. :
Centro de Estudios Económicos. El Colegio de México,
1991.
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| Series: | Documentos de trabajo
III - 91 |
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| Item Description: | Resumen: This paper develops a multi-period, general equilibrium model of the impact of the North American Free Trade Agreement (NAFTA) on Mexico. The model has 9 consumption goods sectors and 3 capital goods sectors. At current real interes rates of 10 , the long-run effect of NAFTA is a 3.4 increase in Mexican net domestic product at world prices. These benefits are substantially higher if NAFTAreduces real interest rates: if the real rate falls to 9 , then net domestic product increases by 9.2 in the long run. -- The results in this papers are preliminary and should not be cited -- |
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| Physical Description: | 14 p. ; 28 cm. |