|•||Trade creation based on total imports.|
|•||A value, calculated in a similar manner as the traditional trade creation, that indicates the increased propensity to import relative to the base year.|
|•||Output effect for each CACM trading partner attributable to trade creation.|
|•||Trade diversion based on imports from the rest of the world, with separate columns for the ROW without Honduras (CACM-5) and ROW including Honduras (CACM-4). The latter was used by Cline and Delgado to study terminal years after the departure of Honduras.|
|•||Output effect for each CACM trading partner attributable to trade diversion.|
|•||Net trade creation for CACM 5 and for CACM 4 calculated as the difference TC minus TD. The values in this table are the result of calculations that include the negative values that suggest trade suppression and trade augmentation.|
|•||The net output effects from both trade creation and trade diversion calculated as the sum of the values indicated in Tables A and B. As with the net trade creation estimate, these calculations include the negative values.|
|•||The relative share of the imports that the CACM trading partners provide in each year.|
|•||The actual statistics for the members used in the analysis, including intraregional and total imports, total exports, GDP, and calculated total consumption.|
Balassa Bela. ( 1965). Economic Development and Integration. Mexico City: Centro de Estudios Monetarios Latinoamericanos.
Brada Josef C. and Jose A. Mendez. ( 1988). "An Estimate of theDynamic Effects of Economies Integration." Review of Economics and Statistics, (February): 163-68.
Bulmer-Thomas Victor. ( 1988). Studies in the Economics of Central America. London: Macmillan.
Cline William R. and Enrique Delgado. ( 1978). (Eds.). Economic Integration in Central America. New York: Brookings Institution.
Corden W. M. ( 1976). "Custom Union Theory and the Nonuniformity of Tariffs." Journal of International Economics,( June): 99-106.