Introduction
In recent years, researchers have given considerable attention to investigate the nature of North-American integration – the process that covers the North-American continent through which countries cooperate with each other (Cardarelli & Kose, 2004). The public discussion of the role of NAFTA Agreement is heated and ongoing because of the Canada`s importance as U.S. trading partners. Many research produce evidence that NAFTA has a positive effect on the Canada`s economy while others show that this integration results in disappointing employment trends and a decline in Canadian wages (Trefler, 2004; Jackson, 1999). The significance of this integration association lies in fact that it is an area of economic activities, which is largely determined by …show more content…
For the purposes of this paper, the author identifies the main development trends on the economy of Canada within this integration association. Hence, the following hypotheses emerge: (1) the economic and trade cooperation within NAFTA will have a considerable and mostly positive effect on the Canadian economy; (2) the participation of Canada in this regional integration association is the most expedient and has good prospects for further development. With this aim in mind, the author will construct and analyze the econometric model reflecting the importance of the North American regional association for Canada`s GDP and the statistics of trade turnover and foreign direct investment of NAFTA. In this way, the present study may contribute to academic knowledge in the fields of trade and economic policies and international relations. What is more, the use of quantitative methods and mathematical approach will show the results and findings that may be appropriate for scientific article, which could be published in an academic journal such as “Vestnik mejdunarodnikh organizatsiy” or “Torgovaya
In recent years, researchers have given considerable attention to investigate the nature of North-American integration – the process that covers the North-American continent through which countries cooperate with each other (Cardarelli & Kose, 2004). The public discussion of the role of NAFTA Agreement is heated and ongoing because of the Canada`s importance as U.S. trading partners. Many research produce evidence that NAFTA has a positive effect on the Canada`s economy while others show that this integration results in disappointing employment trends and a decline in Canadian wages (Trefler, 2004; Jackson, 1999). The significance of this integration association lies in fact that it is an area of economic activities, which is largely determined by …show more content…
For the purposes of this paper, the author identifies the main development trends on the economy of Canada within this integration association. Hence, the following hypotheses emerge: (1) the economic and trade cooperation within NAFTA will have a considerable and mostly positive effect on the Canadian economy; (2) the participation of Canada in this regional integration association is the most expedient and has good prospects for further development. With this aim in mind, the author will construct and analyze the econometric model reflecting the importance of the North American regional association for Canada`s GDP and the statistics of trade turnover and foreign direct investment of NAFTA. In this way, the present study may contribute to academic knowledge in the fields of trade and economic policies and international relations. What is more, the use of quantitative methods and mathematical approach will show the results and findings that may be appropriate for scientific article, which could be published in an academic journal such as “Vestnik mejdunarodnikh organizatsiy” or “Torgovaya