comparative advantage

Trade, Economic and Welfare Impacts of the CARICOM–Canada Free Trade Agreement

Issue:

This paper estimates the trade, revenue and welfare effects of the proposed Caribbean Community (CARICOM)–Canada free trade agreement (FTA) on CARICOM countries, using a partial equilibrium model. The welfare analysis also takes into account the Economic Partnership Agreement, signed in 2008 by the CARIFORUM countries (CARICOM and the Dominican Republic) and the European Union. The revealed comparative advantage index, trade complementarity index, and transition probability matrices are used to examine the dynamics of comparative advantage for CARICOM country exports to Canada.

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Journal Authors:

Jeetendra Khadan and Roger Hosein

Journal Sections:

Main Articles

Keywords:

CARICOM-Canada FTA

partial equilibrium model

welfare effects

comparative advantage

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Measuring the Evolution of Revealed Comparative Advantage in a Small Hydrocarbon-based Economy Using the Harmonic Mass Index

Issue:

Vol 66:1&2

Over the past 10 years Trinidad and Tobago has seen a shift in its trade structure due to increased energy exports and foreign investment in the energy sector. This article examines how changes in the trade structure of Trinidad and Tobago’s economy have impacted upon its revealed comparative advantage. This will be done by comparing the distributions of Trinidad and Tobago’s revealed comparative advantage structure.

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Price: USD $10.00

Journal Authors:

Journal Sections:

Keywords:

comparative advantage

Balassa Index

Galtonian Regression