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Policy Implications of Textile Trade Management and The U.S. Cotton Industry

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  • Shui, Shangnan
  • Wohlgenant, M.
  • Beghin, John C.

Abstract

This study investigates the effects on the U.S. cotton industry of textile trade liberalization using a multi-market equilibrium displacement model. The simulation results suggest that textile trade liberalization would induce small changes in the total demand for U.S. cotton but would affect considerable y U.S. cotton demand structure, making U. S, cotton growers more dependent on world markets. The welfare analyses reveal that textile trade liberalization would result in a small welfare loss for U, S. cotton producers. As expected, textile trade liberalization also would lead to considerable substitution of imports for domestic production and substantial declines in prices of all textile products.

Suggested Citation

  • Shui, Shangnan & Wohlgenant, M. & Beghin, John C., 1993. "Policy Implications of Textile Trade Management and The U.S. Cotton Industry," Staff General Research Papers Archive 1600, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:1600
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    1. Shangnan Shui & John C. Beghin & Michael Wohlgenant, 1993. "The Impact of Technical Change, Scale Effects, and Forward Ordering on U.S. Fiber Demands," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 632-641.
    2. Anderson, James E & Neary, J Peter, 1992. "Trade Reform with Quotas, Partial Rent Retention, and Tariffs," Econometrica, Econometric Society, vol. 60(1), pages 57-76, January.
    3. Duffy, Patricia A. & Richardson, James W. & Wohlgenant, Michael K., 1987. "Regional Cotton Acreage Response," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(1), pages 1-11, July.
    4. Julian M. Alston & Colin A. Carter & Richard Green & Daniel Pick, 1990. "Whither Armington Trade Models?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 455-467.
    5. Shui, Shangnan & Beghin, John C. & Wohlgenant, Michael, 1992. "Textile Trade Liberalization and its Welfare Implications for US Cotton Producers," 1992 Occasional Paper Series No. 6 197875, International Association of Agricultural Economists.
    6. Bigman, David, 1978. "Derived Demand and Distributive Shares in a Multifactor Multisector Model," American Economic Review, American Economic Association, vol. 68(5), pages 923-928, December.
    7. 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.
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