Trade liberalisation in T&C: an overview of the welfare effects
AbstractThe objective of this paper is to examine the effects that trade liberalisation in Textiles and Clothing (T&C) had on the welfare of European producers of cotton-yarn. We employ multi-market theory and a single-market approach to examine the price-induced welfare effects in four major European T&C producing countries namely, Greece, Portugal, Spain and Turkey. Results show that the liberalisation of trade had a substantial negative impact on producers' welfare in all four countries. Welfare and sensitivity analysis suggests that, while cotton-yarn price-decreases and labour-cost increases are expected to further dampen producers' welfare, the adoption of new technologies can substantially assist the competitiveness of European products in the world markets.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Trade and Global Markets.
Volume (Year): 3 (2010)
Issue (Month): 3 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID=130
multi-market; single-market approach; applied welfare analysis; bootstrap; T&C; textiles and clothing; trade liberalisation; MFA; multi-fibre agreement; ATC; cotton yarn; garment industry; apparel industry; Greece; Portugal; Spain; Turkey.;
Other versions of this item:
- Dimitrios Dadakas & Stelios D Katranidis, 2009. "Trade Liberalization in T&C: An Overview of the Welfare Effects," Discussion Paper Series, Department of Economics, University of Macedonia 2009_15, Department of Economics, University of Macedonia, revised Nov 2009.
- C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
- D60 - Microeconomics - - Welfare Economics - - - General
- F10 - International Economics - - Trade - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jeong, Kyeong-Soo & Garcia, Philip & Bullock, David S., 2003. "A statistical method of multi-market welfare analysis applied to Japanese beef policy liberalization," Journal of Policy Modeling, Elsevier, Elsevier, vol. 25(3), pages 237-256, April.
- Dimitrios Dadakas & Stelios Katranidis, 2008. "Single Versus Multi-market Approach: An Application to the Greek Cotton Market," Atlantic Economic Journal, International Atlantic Economic Society, International Atlantic Economic Society, vol. 36(4), pages 469-481, December.
- Dimitrios Dadakas & Stelios D. Katranidis, 2010.
"The Effects of Trade Liberalization in Textiles and Clothing on the Greek Market for Cotton Yarn: A Multi-Market Analysis,"
Review of International Economics, Wiley Blackwell,
Wiley Blackwell, vol. 18(1), pages 138-152, 02.
- Dimitrios, Dadakas & Stelios, Katranidis D., 2006. "The Effects of Trade Liberalization in Textiles and Clothing on the Greek Market for Cotton Yarn: A Multi-Market Analysis," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia, International Association of Agricultural Economists 25779, International Association of Agricultural Economists.
- Stelios D. Katranidis & Elisavet I. Nitsi & David S. Bullock, 2005. "The effects of EU corn, cotton, and sugar beet policies on Greek producers: a multimarket analysis," Agricultural Economics, International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 33(s3), pages 423-430, November.
- Dimitrios Dadakas & Stelios D. Katranidis, 2011. "Perspectives for the textiles and clothing industry in Greece: Past experience, outlook and policy implications," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 61(1-2), pages 13-38, January -.
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