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Title: |
The Price, Quantity and Welfare Effects of
U.S. Trade Protection: The Case of Footwear |
| Author: |
Lee, Eric
Youngkoo; Szenberg, Michael |
| Author
Affiliation: |
Fairleigh
Dickinson U; Pace U |
| Source: |
International Economic Journal, Winter 1988, v. 2, no. 4, pp. 95-110 |
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Publication Date: |
Winter 1988 |
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Abstract: |
This paper argues that shielding the
domestic footwear producers and workers from import competition by trade
restrictions is inappropriate for dealing with the problems of the
industry because trade barriers, especially quantitative restraints, are
so costly that dismantling them and coupling their removal with income
grants and manpower policies would raise incomes of all groups by
improving economic efficiency. Estimates are made of the quantitative
and price impact of import restrictions as well as the costs to society
and consumers in particular of "saving jobs" in the U.S. footwear
industry during the 1977-81 OMA period. |
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