Policy Implications Of Textile Trade Management And The U.S. Cotton Industry
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.
Volume (Year): 22 (1993)
Issue (Month): 1 (April)
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- Shui, Shangnan & Beghin, John C. & Wohlgenant, M., 1992.
"Textile Trade Liberalization and Its Welfare Implications for U.S. Cotton Producers,"
Staff General Research Papers
1611, Iowa State University, Department of Economics.
- Shui, Shangnan & Beghin, John & Wohlgenant, Michael, 1992. "Textile Trade Liberalization and its Welfare Implications for US Cotton Producers," Occasional Paper Series No. 6 197875, International Association of Agricultural Economists.
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- 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.
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