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Title: |
The New Protectionism: The Welfare Effects of
Simultaneous Quantitative Restrictions on an Exporting Country |
| Author: |
Jeon, Bang Nam |
| Author
Affiliation: |
Drexel U |
| Source: |
International Economic Journal, Summer 1990, v. 4, no. 2, pp. 35-57 |
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Publication Date: |
Summer 1990 |
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Abstract: |
This paper develops a theoretical
framework based on the Marshallian partial equilibrium approach to
measure the welfare effects of quantitative restrictions on exporting
countries when their exports are quantitatively restricted by several
importing countries simultaneously. The practical methodology developed
here is applied to measure the costs of two major protectionist measures
imported by industrial country on imports of nonrubber footwear. The
OMAs are found not to be detrimental to Korea in the aggregate, mainly
because of quota rents to Korean producers being derived for higher
prices in the restricted markets. Countervailing futures significantly
harmed the Brazilian economy. |
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