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Defining North American Economic Integration

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  • Robertson, Raymond
Abstract
Understanding the idea of economic integration may be straightforward, but measuring it is not. The academic literature has identified a wide range of measures that capture various aspects of integration. Of these, the four most frequently used measures are product-level prices, factor markets, trade volumes, and product availability. All four are valuable measures that effectively capture different aspects of economic integration. The differences between the measures suggest that some might be more useful in certain contexts than in others. A comparison between the different measures suggests that the last two might generate the most meaningful insights into North American economic integration because conditions in Mexico, a developing country, are quite different than in Canada and the United States. To motivate the different measures of economic integration, the next section of the paper briefly discusses why economic integration is important. As defined above, economic integration is clearly important for growth, which ultimately determines each country's standard of living. Integration also drives change, which often is difficult and is therefore resisted. These changes directly affect producers and consumers, and therefore it is important to be able to identify the results of measures designed to foster economic integration, like trade agreements. The sections that follow therefore discuss each different measure of integration and what they tell us about integration in North America.

Suggested Citation

  • Robertson, Raymond, 2004. "Defining North American Economic Integration," North American Agrifood Integration: Situation and Perspectives, May 2004, Cancun, Mexico 16732, Farm Foundation.
    • Handle: RePEc:ags:ffnaai:16732
    DOI: 10.22004/ag.econ.16732
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    1. Unknown, 2005. "North American Agrifood Market Integration: Situation and Perspectives," 2004 NAAMIC Workshop I: North American Agrifood Market Integration: Current Situation and Perspectives 252450, North American Agrifood Market Integration Consortium (NAAMIC).
    2. Susanto, Dwi & Rosson, C. Parr, III & Adcock, Flynn J., 2007. "Market Integration in the North American Onion Markets: An Empirical Analysis Using Panel Data," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34897, Southern Agricultural Economics Association.
    3. Doan, Darcie & Goldstein, Andrew & Zahniser, Steven & Vollrath, Tom & Bolling, Chris, 2005. "North American Integration in Agriculture: A Survey," 2004 NAAMIC Workshop I: North American Agrifood Market Integration: Current Situation and Perspectives 163851, North American Agrifood Market Integration Consortium (NAAMIC).
    4. Caswell, Julie A. & Sparling, David, 2004. "Risk Management In The Integrated Nafta Market: Lessons From The Case Of Bse," North American Agrifood Integration: Situation and Perspectives, May 2004, Cancun, Mexico 16729, Farm Foundation.
    5. Chaddad, Fabio Ribas & Aguillar, Patricia & Jank, Marcos Sawaya, 2005. "Agrifood Market Integration: Perspectives from Developing Countries," North American Agrifood Market Integration Workshop II: Agrifood Regulatory and Policy Integration under Stress, May 2005, San Antonio, Texas 17996, Farm Foundation.
    6. Anonymous & Meilke, Karl D. & Knutson, Ronald D. & Ochoa, Rene F. & Rude, James & Yunez-Naude, Antonio, 2004. "North American Agrifood Market Integration: Situation and Perspectives," 2004 NAAMIC Workshop I: North American Agrifood Market Integration: Current Situtation and Perspectives 163855, North American Agrifood Market Integration Consortium (NAAMIC).

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