I’ve Been Everywhere (Except Mexico): Investor Responses to NAFTA’s Cross-Border Trucking Provisions

Files in This Item:
File Description SizeFormat 
WP15_01.pdf248.4 kBAdobe PDFDownload
Title: I’ve Been Everywhere (Except Mexico): Investor Responses to NAFTA’s Cross-Border Trucking Provisions
Authors: Davies, Ronald B.Liebman, Benjamin H.Tomlin, Kasaundra
Permanent link: http://hdl.handle.net/10197/6320
Date: Jan-2015
Online since: 2015-01-21T14:05:40Z
Abstract: We investigate the response of US trucking firms to the removal of barriers to cross-border trucking under NAFTA. This was done via a program implemented in 2007, cancelled in 2009, and reinstated in 2011. We find that, unsurprisingly, the program’s start resulted in lower stock returns, particularly for border firms. However, later policy changes indicate that investors, and particularly those in US multinationals, viewed the pilot as beneficial. We use a model of endogenous exporting to show that this can arise from incorrect expectations of import competition.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP15/01
Copyright (published version): 2015 the authors
Keywords: Non-tariff barriersServicesCommercial policyProtectionPromotionTrade negotiations
Other versions: http://www.ucd.ie/t4cms/WP15_01.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

Show full item record

Page view(s) 50

Last Week
Last month
checked on Oct 23, 2020


checked on Oct 23, 2020

Google ScholarTM


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.