Import quotas or VERs to protect domestic industry? A three country general equilibrium model

Given the growing practical importance of Voluntary Exports Restrictions (VERs), this paper follows recent work by using a perfectly competitive three country model but introduces a market structure where all three countries produce non-homogeneous versions of one good, which is then the target for...

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Bibliographic Details
Published inJapan and the world economy Vol. 6; no. 3; pp. 285 - 307
Main Authors Dickinson, David G., Murshed, S.Mansoob
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.10.1994
Elsevier
North-Holland
SeriesJapan and the World Economy
Subjects
Equilibrium models
Industry
Non-homogeneous goods
Protectionism
Quotas
Tariffs
Trade policy
VERs
VERs
F13
Trade policy
Quotas
Non-homogeneous goods
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Summary:Given the growing practical importance of Voluntary Exports Restrictions (VERs), this paper follows recent work by using a perfectly competitive three country model but introduces a market structure where all three countries produce non-homogeneous versions of one good, which is then the target for trade-restricting policy. This innovation leads to new results on the relative effects of VERs and quotas which are designed to increase domestic production of the import-competing good.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0922-1425
1879-2006
DOI:10.1016/0922-1425(94)90016-7