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A Primer on the MFA Maze

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  • de Melo, Jaime
  • Faini, Riccardo

Abstract

The paper identifies the potential sources of allocative inefficiency generated by the Multi-Fiber Agreements (MFA) and examines the evidence for such inefficiencies. Five sources of inefficiency are identified relating to inefficient allocations across countries, across consumers, and among firms within constrained countries. Evidence is first provided from trends in import shares for aggregate categories of textiles and clothing before and during the MFA. Second, evidence is provided from a detailed examination of quota utilization rates and price differentials among EC importing countries.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 716.

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Date of creation: Sep 1992
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Handle: RePEc:cpr:ceprdp:716

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Related research

Keywords: Allocative Efficiency; Multi-Fiber Agreements; Quotas;

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References

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  1. Krishna, K. & Erzan, R. & Tan, L.H., 1991. "Rent Sharing In The Multi-Fibre Arrangement: Theory And Evidence From Us Apparel Imports From Hong Kong," Harvard Institute of Economic Research Working Papers 1549, Harvard - Institute of Economic Research.
  2. Bark, Taeho & de Melo, Jaime, 1988. "Export quota allocations, export earnings and market diversifications," Policy Research Working Paper Series 89, The World Bank.
  3. Trela, Irene & Whalley, John, 1990. "Global Effects of Developed Country Trade Restrictions on Textiles and Apparel," Economic Journal, Royal Economic Society, vol. 100(403), pages 1190-1205, December.
  4. Erzan, Refik & Goto, Junichi & Holmes, Paula, 1989. "Effects of the multifibre arrangement on developing countries'trade : an empirical investigation," Policy Research Working Paper Series 297, The World Bank.
  5. Faini, Riccardo & de Melo, Jaime & Takacs, Wendy, 1992. "The effects of EC-92 on the multi-fibre arrangement," European Economic Review, Elsevier, vol. 36(2-3), pages 527-538, April.
  6. Faini, Riccardo & Heimler, Alberto, 1991. "The Quality of Production of Textiles and Clothing and the Completion of the Internal Market," CEPR Discussion Papers 508, C.E.P.R. Discussion Papers.
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Citations

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Cited by:
  1. Spinanger, Dean, 1994. "Profiting from protection in an open economy: Hong Kong's supply response to EU's MFA restrictions," Kiel Working Papers 653, Kiel Institute for the World Economy.
  2. Cunha, Luis Campos e & Santos, Vasco, 1996. "Sleeping quotas, pre-emptive quota bidding and monopoly power," Journal of International Economics, Elsevier, vol. 40(1-2), pages 127-148, February.
  3. Shumei Gao & Jihe Song, 2004. "Quota Use under VERs: A theoretical framework and some evidence on MFA quota use," Working Papers E03, Department of Economics, School of Management and Languages, Heriot Watt University.
  4. Janda, Karel, 2009. "Signaling the Strength of a Market Entrant," MPRA Paper 17007, University Library of Munich, Germany.
  5. Krishna, Kala & Ling Hui Tan, 1992. "Rent-sharing in the multi-fibre arrangement : evidence from U.S. - Hong Kong trade in apparel," Policy Research Working Paper Series 1003, The World Bank.
  6. Ilse Scheerlinck & Luc Hens & Rosette S’Jegers, 1996. "Free trade or protection? belgian textile and clothing firms’ trade preferences," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 132(4), pages 723-739, December.

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