The Impact of 9/11 on Canada - U.S. Trade / Paul Storer, Steven Globerman.
Contributor(s): Storer, Paul [author.].Material type: BookPublisher: Toronto : University of Toronto Press, Copyright date: ©2008Description: 1 online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9781442688308.Subject(s): Border security -- Economic aspects -- Canada | Border security -- Economic aspects -- United States | September 11 Terrorist Attacks, 2001 -- Economic aspects -- Canada -- Statistics | September 11 Terrorist Attacks, 2001 -- Economic aspects -- United States -- Statistics | BUSINESS & ECONOMICS / International / GeneralDDC classification: 382.0971073/0021 Online resources: Click here to access online | Cover
Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Security Policy and the Canada-U.S. Border -- 3. Overview of Canada-U.S. Trade in Goods -- 4. The Impacts of Border Security - Review of the Literature -- 5. Study Methodology -- 6. The Aggregate Export and Import Equations -- 7. Estimating Export and Import Equations at the Port Level -- 8. Interpreting the Estimated Impacts on Overall Bilateral Trade -- 9. Interpreting the Estimated Impacts at Individual Ports -- 10. Potential Impacts on Capital Investment -- 11. Summary and Policy Conclusions -- Notes -- Maps -- Tables and Figures -- Appendices -- References -- Index
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The events of 9/11 and subsequent border entry security initiatives have led to increased costs and transportation delays that have the potential to impact Canada-U.S. trade. Researchers have identified increased border crossing times for importers and exporters transporting goods between the two countries, but there has been little effort made to identify the quantitative importance of these developments in terms of their effect on bilateral trade flows. In this study, Steven Globerman and Paul Storer fill this gap in the existing research through statistical analysis of trade flows since 9/11.Among the questions undertaken in this book are whether trade flows are lower in the post-9/11 period than they should be, and whether 'special' factors apart from 9/11 might have influenced flow in major bilateral sectors. Globerman and Storer show that U.S. exports to Canada decreased significantly in the aftermath of 9/11, though such exports recovered by 2004. In contrast, while U.S. imports from Canada also suffered a significant post-9/11 decrease, a shortfall between actual and expected imports from Canada persisted through 2005. In other words, by mid-2005, Canadian exports to the U.S. had not regained their 'normal level.' These and other conclusions are crucial to understanding the impact that increased border security has had on the economic relationship between Canada and the United States.
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Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)