State-Level Equity and the Demise of the Agreement on Textiles and Clothing

19 Pages Posted: 28 Jun 2004

See all articles by Soamiely Andriamananjara

Soamiely Andriamananjara

World Bank - World Bank Institute (WBI)

Edward J. Balistreri

Iowa State University

Martin T. Ross

University of Colorado

Abstract

According to the Agreement on Textiles and Clothing (ATC), all quantitative restrictions on textile and apparel commodities are to be removed on January 1, 2005. This paper examines the economic impacts of the 2005 liberalization at the U.S. state level. The methodology utilizes a regional model of the U.S. economy built up from individually consistent IMPLAN social accounts for each state. The model incorporates forward-looking dynamic responses and equilibrium unemployment. The results are useful in quantifying the geographic distribution of the benefits and costs of the ATC's expiration on the U.S. economy.

Keywords: ATC, MFA, textiles, clothing, quotas, simulations

JEL Classification: F13, F17, R13

Suggested Citation

Andriamananjara, Soamiely and Balistreri, Edward J. and Ross, Martin T., State-Level Equity and the Demise of the Agreement on Textiles and Clothing. Available at SSRN: https://ssrn.com/abstract=558662 or http://dx.doi.org/10.2139/ssrn.558662

Soamiely Andriamananjara

World Bank - World Bank Institute (WBI) ( email )

1818 H Street, N.W.
Washington, DC 20433
United States
202 458 0284 (Phone)

Edward J. Balistreri (Contact Author)

Iowa State University ( email )

260 Heady Hall
Ames, IA 50011
United States
3032531674 (Phone)

Martin T. Ross

University of Colorado ( email )

1070 Edinboro Drive
Boulder, CO 80309
United States

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