IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/324.html
   My bibliography  Save this paper

The Effects of Voluntary Export Restraints on the Prices of UK Imports of Footwear

Author

Listed:
  • Winters, L. Alan

Abstract

Voluntary export restraints allow exporters to increase the prices they charge importers for supplying goods. This paper quantifies this effect for the UK restrictions on imports of footwear imposed in the later 1970's, by isolating changes in the relative prices of exports to the UK and to other markets. Where exporters appear to have little ability to switch supplies between markets the comparisons are made after allowing for movements in real exchange rates. Where, on the other hand, exporters can substitute easily between markets, the comparisons refer to nominal prices. VERs increased UK footwear import prices by 15%-25% for the major restricted suppliers and in 1980 cost the UK economy at least 25 million pounds.

Suggested Citation

  • Winters, L. Alan, 1989. "The Effects of Voluntary Export Restraints on the Prices of UK Imports of Footwear," CEPR Discussion Papers 324, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:324
    as

    Download full text from publisher

    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=324
    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:324. 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.