This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new value-added trade data for 63 advanced and e
Abstract: In early January 2003, the United States and Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua launched official negotiations for the Centra
Deeper trade integration between Central America and the United States, as envisaged under the Central American Free Trade Agreement, is likely to lead to close