"In this article, we analyze whether the Softwood Lumber Agreement between the United States and Canada imposed significant economic costs on industries that use softwood lumber in the United States. To ascertain this impact, we use an event study. Our event study analyzes variations in the...

This paper critically assesses the free trade agreement between Canada and the United States. Reviewing the theoretical literature on the gains from trade and the empirical literature on bilateral trade liberalization reveals that no presumption should exist that bilateral free trade would...