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GTAP Resource #1527

"State-level Equity and the Demise of the Agreement on Textiles and Clothing"
by Balistreri, Edward J., Soamiely Andriamananjara and Martin Ross

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 bottom-up regional model of the U.S. economy based on IMPLAN social accounts. The model incorporates forward-looking 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.

Resource Details (Export Citation) GTAP Keywords
Category: 2004 Conference Paper
Status: Published
By/In: Presented at the 7th Annual Conference on Global Economic Analysis (2004), Washington DC, USA. Final version published in _The North American Journal of Economics and Finance_ 17(1) 17-33
Date: 2006
Created: Balistreri, E. (5/4/2004)
Updated: Balistreri, E. (8/27/2007)
Visits: 2,328
No keywords have been specified.

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