Trade Liberalization in T&C: An Overview of the Welfare Effects

Dimitrios Dadakas and Stelios Katranidis

Discussion Paper Series from Department of Economics, University of Macedonia

Abstract: This paper examines the effects of trade liberalization on cotton-yarn producer’s welfare in Greece, Portugal, Spain and Turkey. We perform a comparative analysis of the price-induced welfare effects using multi-market theory, a single-market approach and bootstrapping techniques. Results show that after the 1995 implementation of the plan for the gradual elimination of quotas (Agreement on Textiles and Clothing, ATC, 1995-2005) producers in all four countries suffered substantial welfare losses.

Keywords: VMulti-Market; Single-Market Approach; Applied Welfare Analysis; Bootstrap; Textiles and Clothing; Trade Liberalization; MFA; ATC. (search for similar items in EconPapers)
JEL-codes: C39 D60 F10 (search for similar items in EconPapers)
Date: 2009-11, Revised 2009-11
New Economics Papers: this item is included in nep-ara and nep-int
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