An Analysis of Import Expansion Policies
Voluntary import expansion is a policy under which one country (Japan) agrees to import a minimum quantity of a commodity from another country (the United States). It turns out that Japan is better off under an equivalent export subsidy; the United States is better off under a voluntary import expansion; and the welfare of a third country is higher under a policy which improves its terms of trade. The "optimum" voluntary import expansion for the United States results in a trade equilibrium point where the U.S. offer curve is of unitary elasticity. The authors also consider the case of a U.S. export which is a Giffen good in Japan. Copyright 1990 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 28 (1990)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: |
Fax: 01865 267 985
Web page: http://ei.oupjournals.org/
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:ecinqu:v:28:y:1990:i:1:p:99-108. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.