Toward a North American Security Perimeter? Assessing the trade,FDI, and welfare impacts of liberalizing 9/11 security measures |
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Authors: | Patrick Georges Marcel Mérette |
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Institution: | 1. Graduate School of Public and International Affairs, University of Ottawa, Ottawa, ON, Canada;2. Department of Economics, University of Ottawa, Ottawa, ON, Canada |
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Abstract: | This paper examines the trade, FDI, and welfare impacts of (liberalizing) 9/11 security measures at the Canada–US border. First, the study provides econometric estimates of the impact of post 9/11 security measures on bilateral (US–Canada) trade flows. Second, we compute sectoral tariff rates “equivalent” to the 9/11 security measures using these econometric estimates together with a three-region nine-sector general equilibrium model. Finally, we assess for both the Canadian and the US economies: 1) the (general equilibrium) impacts on trade, FDI, and welfare, of (liberalising) the 9/11 US security measures and 2) the economic impacts of a change of security paradigm toward a North American Security Perimeter within a Customs Union that would liberalize the Canadian and US 9/11 security measures at the Canada–US border and shift them at the external security perimeter. |
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