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GTAP Resources: Resource Display

GTAP Resource #1352

"Welfare Costs of US Quotas in Textiles, Steel and Autos"
by Tarr, David G. and Jaime De Melo


Abstract
This paper quantifies the welfare effects and resource shifts that would occur if U.S. quantitative restrictions (QRs) in textiles, steel and autos were removed. Estimates are derived from a static ten-sector general equilibrium model of the U.S. economy. The welfare loss from the QRs is estimated at approximately U.S. 20 billion (1984 dollars). Due to the high rent transfer component of QRs (about 75%), the average across-the-board tariff equivalent of QRs (in terms of welfare costs) is estimated at about 20%, a rate which predates the early days of multilateral tariff reduction.

Available as the journal article at
http://www.jstor.org/journals/00346535.html


Resource Details (Export Citation) GTAP Keywords
Category: Other CGE Application
Status: Published
By/In: Review of Economics and Statistics, August 1990
Date: 1995
Version:
Created: Tarr, D. (8/8/2003)
Updated: Tarr, D. (8/28/2007)
Visits: 1,543
- North America


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