IDEAS home Printed from https://ideas.repec.org/a/pal/buseco/v40y2005i3p41-51.html
   My bibliography  Save this article

The Benefits of Free Trade to U.S. Consumers

Author

Listed:
  • James Langenfeld

    (Law and Economics Consulting Group, Evanston, IL, 60201, USA.)

  • James Nieberding

    (Washington office, Law and Economics Consulting Group, Washington, DC, 20036, USA.)

Abstract

Much of the literature concerning trade liberalization focuses on estimating the effect of increased trade on aggregate economic indicators, such as the growth in GDP per capita. Although there is a general recognition that trade benefits consumers, there is little research that estimates the direct impact of increased trade on U.S. consumers. We take broad measures of the economic impact of trade liberalization from three authoritative studies and apply economic principles to estimate the impact of increased trade on the income of U.S. households. We find, for example, that U.S. households gained about $2,500 in 2002 from increased trade, or the equivalent of almost six percent of the median household income in that year. We believe these results should be given weight in the ongoing debate regarding the effect of globalization.Business Economics (2005) 40, 41–51; doi:10.2145/20050306

Suggested Citation

  • James Langenfeld & James Nieberding, 2005. "The Benefits of Free Trade to U.S. Consumers," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 40(3), pages 41-51, July.
    • Handle: RePEc:pal:buseco:v:40:y:2005:i:3:p:41-51
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/be/journal/v40/n3/pdf/be200522a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/be/journal/v40/n3/full/be200522a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:buseco:v:40:y:2005:i:3:p:41-51. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.