Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis
This study focuses on the possible impact of the MFA phase-out on the world economy. Starting from analyzing trends in world textile and apparel trade, the study found that the developing countries were a growing factor in world T&A trade in recent decades. Moreover, using trade data from 91 countri...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2001
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/156040 |
| _version_ | 1855534238315577344 |
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| author | Diao, Xinshen Somwaru, Agapi |
| author_browse | Diao, Xinshen Somwaru, Agapi |
| author_facet | Diao, Xinshen Somwaru, Agapi |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study focuses on the possible impact of the MFA phase-out on the world economy. Starting from analyzing trends in world textile and apparel trade, the study found that the developing countries were a growing factor in world T&A trade in recent decades. Moreover, using trade data from 91 countries over 37 years, the study indicates a strong positive relationship between trade in textile and apparel and the standard of living. The study further focuses on the possible impacts of the MFA phase-out on the world T&A using an intertemporal, global general equilibrium model. The study found the the MFA phase-out would enlarge world trade of T&A and developing countries will further gain market share in world total exports. Even though the developing countries currently free from the MFA quota restraints may lose their market shares, as world T&A prices are lowered by improving the efficiency of world T&A trade post-MFA, consumers are better off by consuming cheap commodities. |
| format | Artículo preliminar |
| id | CGSpace156040 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2001 |
| publishDateRange | 2001 |
| publishDateSort | 2001 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1560402025-11-06T07:09:08Z Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis Diao, Xinshen Somwaru, Agapi markets industry economic aspects living standards trade policies equilibrium theory models This study focuses on the possible impact of the MFA phase-out on the world economy. Starting from analyzing trends in world textile and apparel trade, the study found that the developing countries were a growing factor in world T&A trade in recent decades. Moreover, using trade data from 91 countries over 37 years, the study indicates a strong positive relationship between trade in textile and apparel and the standard of living. The study further focuses on the possible impacts of the MFA phase-out on the world T&A using an intertemporal, global general equilibrium model. The study found the the MFA phase-out would enlarge world trade of T&A and developing countries will further gain market share in world total exports. Even though the developing countries currently free from the MFA quota restraints may lose their market shares, as world T&A prices are lowered by improving the efficiency of world T&A trade post-MFA, consumers are better off by consuming cheap commodities. 2001 2024-10-24T12:43:04Z 2024-10-24T12:43:04Z Working Paper https://hdl.handle.net/10568/156040 en Open Access application/pdf International Food Policy Research Institute Diao, Xinshen; Somwaru, Agapi. 2001. Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis. TMD Discussion Paper 79. https://hdl.handle.net/10568/156040 |
| spellingShingle | markets industry economic aspects living standards trade policies equilibrium theory models Diao, Xinshen Somwaru, Agapi Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis |
| title | Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis |
| title_full | Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis |
| title_fullStr | Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis |
| title_full_unstemmed | Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis |
| title_short | Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis |
| title_sort | impact of the mfa phase out on the world economy an intertemporal global general equilibrium analysis |
| topic | markets industry economic aspects living standards trade policies equilibrium theory models |
| url | https://hdl.handle.net/10568/156040 |
| work_keys_str_mv | AT diaoxinshen impactofthemfaphaseoutontheworldeconomyanintertemporalglobalgeneralequilibriumanalysis AT somwaruagapi impactofthemfaphaseoutontheworldeconomyanintertemporalglobalgeneralequilibriumanalysis |