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Welfare Costs of US Quotas in Textiles, Steel and Autos

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Author Info
de Melo, Jaime
Tarr, David

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Abstract

This paper quantifies welfare costs and resource shifts that would occur if US quantitative restrictions in textiles, steel and autos were removed. Estimates are derived from a static ten-sector general the equilibrium model of the US economy. The welfare loss from the quantitative restrictions is estimated at approximately 1984 US$20 to their high rent transfer component (about 75%), these restrictions are equivalent (in welfare terms) to an average across the board tariff of 20% such rates were common in the early days of multilateral tariff reduction.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 401.

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Date of creation: Apr 1990
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Handle: RePEc:cpr:ceprdp:401

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Related research
Keywords: General Equilibrium; Quantitative Restraints; Voluntary Export Restraints; Welfare Costs;

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References listed on IDEAS
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.:
  1. Baldwin, Robert E. & Mutti, John H. & Richardson, J. David, 1980. "Welfare effects on the United States of a significant multilateral tariff reduction," Journal of International Economics, Elsevier, vol. 10(3), pages 405-423, August. [Downloadable!] (restricted)
  2. Harris, Richard, 1984. "Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition," American Economic Review, American Economic Association, vol. 74(5), pages 1016-32, December. [Downloadable!] (restricted)
  3. John Whalley, 1984. "Trade Liberalization among Major World Trading Areas," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262231204, December.
  4. Jones, Ronald W & Berglas, Eitan, 1977. "Import Demand and Export Supply: An Aggregation Theorem," American Economic Review, American Economic Association, vol. 67(2), pages 183-87, March. [Downloadable!] (restricted)
  5. Anderson, James E, 1985. "The Relative Inefficiency of Quotas: The Cheese Case," American Economic Review, American Economic Association, vol. 75(1), pages 178-90, March. [Downloadable!] (restricted)
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(explanations, 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.)

  1. de Melo, Jaime & Tarr, David, 1990. "Do wage distortions justify protection in the U.S. auto and steel industries?," Policy Research Working Paper Series 517, The World Bank. [Downloadable!]
  2. Rutherford, Thomas F. & Tarr, David G., 1998. "Trade liberalization and endogenous growth in a small open economy : a quantitative assessment," Policy Research Working Paper Series 1970, The World Bank. [Downloadable!]
  3. Robert W. McGee, 1998. "Some Ethical Issues for Accountants in Antidumping Trade Cases: An Examination of Recent Case Studies with Emphasis on Latin America," International Trade 9805005, EconWPA. [Downloadable!]
    Other versions:
  4. Matusz, Steven J. & Tarr, David, 1999. "Adjusting to trade policy reform," Policy Research Working Paper Series 2142, The World Bank. [Downloadable!]
  5. Peter Walkenhorst, 2004. "Liberalising Trade in Textiles and Clothing: A Survey of Quantitative Studies," International Trade 0401007, EconWPA. [Downloadable!]
  6. Jensen, Jesper & Tarr, David, 2002. "Trade, foreign exchange, and energy policies in the Islamic Republic of Iran : reform agenda, economic implications, and impact on the poor," Policy Research Working Paper Series 2768, The World Bank. [Downloadable!]
  7. Kala Krishna & Kathleen Hogan & Phillip Swagel, 1989. "The Non-Optimality of Optimal Trade Policy: The U.S. Automobile Indust ry Revisited, 1979-1985," NBER Working Papers 3118, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Cabalu, Helen, 1995. "Modeling the Effects of the MFA Liberalization on Philippine Clothing Trade," Philippine Journal of Development, Philippine Institute for Development Studies, vol. 0(1), pages 151-197. [Downloadable!]
  9. de Melo, Jaime & Stanton, Julie & Tarr, David, 1989. "Revenue raising taxes : general equilibrium evaluation of alternative taxation in U.S. petroleum industries," Policy Research Working Paper Series 145, The World Bank. [Downloadable!]
    Other versions:
  10. Morkre, Morris & Tarr, David G., 1993. "Reforming Hungarian agricultural trade policy : a quantitative evaluation," Policy Research Working Paper Series 1185, The World Bank. [Downloadable!]
    Other versions:
  11. Peter B. Dixon, 2006. "Evidence-based Trade Policy Decision Making in Australia and the Development of Computable General Equilibrium Modelling," Centre of Policy Studies/IMPACT Centre Working Papers g-163, Monash University, Centre of Policy Studies/IMPACT Centre. [Downloadable!]
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