A Provincial View of Economic Integration
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper develops a method of testing levels of economic integration based upon consumption smoothing, and tests it using data on trade balances across Canadian provinces. The results indicate the provinces are highly integrated within Canada, but integration between Canada and the rest of the world is partial. Provincial trade balances respond only about half as much to events in the rest of the world as they do to events within Canada. In short, national borders appear to matter for intertemporal trade.
Series:
Working Paper No. 1997/041
Subject:
Consumption Economic integration Government consumption Income International trade National accounts Trade balance
Notes:
Also published in Staff Papers, Vol. 44, No. 4, December 1997.
English
Publication Date:
April 1, 1997
ISBN/ISSN:
9781451846065/1018-5941
Stock No:
WPIEA0411997
Pages:
29
Please address any questions about this title to publications@imf.org