POLICY IMPLICATIONS OF TEXTILE TRADE MANAGEMENT AND THE U.S. COTTON INDUSTRY

This study investigates the effects on the U.S. cotton industry of textile trade liberalization using a multi-market equilibrium displacement model. The simulation results suggest that textile trade liberalization would induce small changes in the total demand for U.S. cotton but would affect considerable y U.S. cotton demand structure, making U. S, cotton growers more dependent on world markets. The welfare analyses reveal that textile trade liberalization would result in a small welfare loss for U, S. cotton producers. As expected, textile trade liberalization also would lead to considerable substitution of imports for domestic production and substantial declines in prices of all textile products.


Issue Date:
1993-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31634
Published in:
Agricultural and Resource Economics Review, Volume 22, Number 1
Page range:
37-47
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-24

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