Determinants of U.S. Textile and Apparel Trade
AbstractA gravity model using panel data is applied to determine factors affecting textiles and apparel trade flows into the United States. The study confirms that a nation's aggregate output and per unit productivity serve as important determinants of textiles and apparel trade into the U.S., and the exporting country's depreciating exchange rate as well as its lower prices relative to U.S. prices for textiles and apparel play an important role in determining textiles and apparel trade flows to the U.S. market. Since the WTO's multilateral trade restraining policies of the multi-fibre arrangement (MFA) is found to have slowed down imports, its abrogation in 2005 should lead to greater textiles and apparel imports to the U.S.
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Bibliographic InfoArticle provided by International Food and Agribusiness Management Association (IAMA) in its journal International Food and Agribusiness Management Review.
Volume (Year): 10 (2007)
Issue (Month): 02 ()
brand equity; brand valuation; real options; food firms; growth option value; Agribusiness; International Relations/Trade;
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