Trade Liberalization in T&C: An Overview of the Welfare Effects
AbstractThis 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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Bibliographic InfoPaper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2009_15.
Date of creation: Nov 2009
Date of revision: Nov 2009
VMulti-Market; Single-Market Approach; Applied Welfare Analysis; Bootstrap; Textiles and Clothing; Trade Liberalization; MFA; ATC.;
Other versions of this item:
- Dimitrios Dadakas & Stelios Katranidis, 2010. "Trade liberalisation in T&C: an overview of the welfare effects," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 3(3), pages 247-266.
- 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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