Macro, industry and state effects in the U.S. of removing major tariffs and quotas

Peter Dixon, Maureen Rimmer and Marinos E. Tsigas

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: We use a 500-industry CGE model of the U.S. to simulate the macro, industry and state effects of removing major U.S. tariffs and quotas. We find that this would generate a welfare gain of 0.07 per cent. For most industries, the output change would be negligible but for sugar, butter and several textile industries output contractions would be large. The state employment changes are all between -0.5 and 0.2 per cent. We explain the results by elementary mechanisms, in a way that does not require prior knowledge of the underlying CGE model.

JEL-codes: C68 F14 R13 (search for similar items in EconPapers)
Date: 2004-06
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Citations: View citations in EconPapers (5)

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