NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Estimates of the Trade and Welfare Effects of NAFTA

Lorenzo Caliendo, Fernando Parro

NBER Working Paper No. 18508
Issued in November 2012

---- Acknowledgements -----

We are particularly grateful to Robert Lucas, Samuel Kortum, Nancy Stokey for their continuous encouragement, support and advice. We also thank for helpful comments Fernando Alvarez, Costas Arkolakis, Kyle Bagwell, Francesco Caselli, Thomas Chaney, Dave Donaldson, Jonathan Eaton, Rob Feenstra, Cecilia Fieler, Gordon Hanson, Timothy Kehoe, Kalina Manova, Brent Neiman, Ralph Ossa, Stephen Redding, John Romalis, Peter Schott, Robert Shimer, Bob Staiger, Daniel Sturm, Chang Tai Hsieh and Silvana Tenreyro, four anonymous referees and many seminar participants for useful conversations and comments. We thank Zina Saijid for excellent research assistance. Correspondence: Caliendo, lorenzo.caliendo@yale.edu, Parro, fernando.j.parro@frb.gov. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Board of Governors. The views expressed herein are those of the authors and not necessarily those of the Board of Governors of the Federal Reserve System, the Federal Reserve System, or the National Bureau of Economic Research.

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