State-level Equity and the Demise of the Agreement on Textiles and Clothing

Soamiely Andriamananjara, Edward Balistreri and Martin T. Ross

No 331317, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: According to the Agreement on Textiles and Clothing (ATC), a part of the 1995 World Trade Organization (WTO) agreements, all quantitative restrictions on textile and apparel commodities are to be removed on January 1, 2005 completing their integration into the GATT regime. Using newly computed “export-tax equivalents” of those quotas, this paper examines the welfare impacts of the 2005 liberalization at the U.S. state level. The methodology utilizes a regional model of the U.S. economy built up from individually consistent IMPLAN social accounts for each state. The model incorporates forwardlooking dynamic responses and equilibrium unemployment. The results are useful in quantifying the geographic distribution of the benefits and costs of the ATC’s expiration on the U.S. economy.

Keywords: International Relations/Trade; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 15
Date: 2004
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Journal Article: State-level equity and the demise of the Agreement on Textiles and Clothing (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331317

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