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Trade Liberalization in T&C: An Overview of the Welfare Effects

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Author Info
Dimitrios Dadakas () (Department of Economics, University of Macedonia)
Stelios D Katranidis () (Department of Economics, University of Macedonia)

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Abstract

This paper examines the effects of trade liberalization on cotton-yarn producer’s welfare in Greece, Portugal, Spain and Turkey. We perform a comparative analysis of the price-induced welfare effects using multi-market theory, a single-market approach and bootstrapping techniques. Results show that after the 1995 implementation of the plan for the gradual elimination of quotas (Agreement on Textiles and Clothing, ATC, 1995-2005) producers in all four countries suffered substantial welfare losses.

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Publisher Info
Paper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2009_15.

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Date of creation: Nov 2009
Date of revision: Nov 2009
Handle: RePEc:mcd:mcddps:2009_15

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Web page: http://econlab.uom.gr/econdep/
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Related research
Keywords: VMulti-Market; Single-Market Approach; Applied Welfare Analysis; Bootstrap; Textiles and Clothing; Trade Liberalization; MFA; ATC.;

Find related papers by JEL classification:
C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
D60 - Microeconomics - - Welfare Economics - - - General
F10 - International Economics - - Trade - - - General

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  1. 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, vol. 25(3), pages 237-256, April. [Downloadable!] (restricted)
  2. Dimitrios Dadakas & Stelios Katranidis, 2008. "Single Versus Multi-market Approach: An Application to the Greek Cotton Market," Atlantic Economic Journal, International Atlantic Economic Society, vol. 36(4), pages 469-481, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-2.

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