Welfare costs of U.S. quotas on textiles, steel, and autos

Jaime de Melo and David Tarr

No 83, Policy Research Working Paper Series from The World Bank

Abstract: This paper deals with the problems of partial equlibrium analysis by presenting estimates from a static ten sector computable general equilibrium (CGE) model of the U.S. economy calibrated to the year 1984. Following the introduction, the paper is organized as follows. Section 2 outlines the model. Section 3 details the sources of estimates of premia on preexisting QRs (quota rents) in 1984 and the sources for the parameters describing demand and supply elasticities. Welfare and employment estimates of QR removal are presented by industry and in the aggregate in Section 4. Conclusions follow in Section 5.

Keywords: Economic Theory&Research; Environmental Economics&Policies; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Trade Policy; Access to Markets (search for similar items in EconPapers)
Date: 1988-09-30
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Related works:
Chapter: WELFARE COSTS OF U.S. QUOTAS IN TEXTILES, STEEL AND AUTOS (2015)
Chapter: WELFARE COSTS OF U.S. QUOTAS IN TEXTILES, STEEL AND AUTOS (2014)
Journal Article: Welfare Costs of U.S. Quotas in Textiles, Steel and Autos (1990)
Working Paper: Welfare Costs of US Quotas in Textiles, Steel and Autos (1990)
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