IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/283.html
   My bibliography  Save this paper

Voluntary Export Restraints: UK Restrictions on Imports of Leather Footwear from Eastern Europe

Author

Listed:
  • Brenton, Paul
  • Winters, L. Alan

Abstract

A prominent feature of international trading relations since 1970 has been the spread of quantitative restrictions on imports. This paper describes initial work to quantify and assess the economic effects of such nontariff barriers (NTBs), taking as a case study the United Kingdom footwear industry. By way of example it considers the demand side effects of the voluntary export restraint on UK leather footwear imports from Comecon countries. Previous studies of NTBs have assumed that prices rise so as to clear the market following the imposition of quantitative restrictions. This paper departs from this practice by allowing for nonprice rationing in response to NTBs. We apply the Rotterdam model to describe the geographical allocation of imports since it provides a theoretically consistent but general system of demand equations and admits the simultaneous estimation of regimes in which quantity is determined endogenously and in which it is constrained.

Suggested Citation

  • Brenton, Paul & Winters, L. Alan, 1988. "Voluntary Export Restraints: UK Restrictions on Imports of Leather Footwear from Eastern Europe," CEPR Discussion Papers 283, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:283
    as

    Download full text from publisher

    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=283
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:283. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.cepr.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.