科研之友
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摘要
This paper investigates the international trade role in economic development and sustainability. Specifically, a trade agreement is one of the most popular ways for a country to participate in trade, therefore we aim to estimate the relationship between a free trade agreement (FTA) and economic development on a country level, using the North American Free Trade Agreement as an example. Sustainability on an industrial level is also discussed in parallel. To achieve this, a counterfactual analysis is used to generate the welfare with and without the trade agreement to draw inference on the sustainability analysis. We find that the FTA does facilitate a country's sustainability. However, it is less clear on an industrial level. This finding provides important evidence relating to a country's sustainable development and has broadened the study scope regarding the impact of participating in an FTA with regard to economic sustainability.
