Trade Liberalization in T&C: An Overview of the Welfare Effects

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Title

Trade Liberalization in T&C: An Overview of the Welfare Effects (EN)

Creator

Dadakas, D. (EN)

Contributor

Dadakas, D. (EN)

Description

This paper examines the effects of trade liberalization on cotton-yarn producer" s welfare in Greece, Portugal, Spain and Turkey. We perform a comparative analysis of the priceinduced welfare effects using multi-market theory, a single-market approach and bootstrapping techniques. Results show that after the 1995 implementation of the plan for the gradual elimination of quotas (Agreement on Textiles and Clothing, ATC, 1995-2005) producers in all four countries suffered substantial welfare losses. (EN)

Scientific field