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Macro, industry and state effects in the U.S. of removing major tariffs and quotas

Dixon, Peter, Rimmer, Maureen T and Tsigas, Marinos E (2005) Macro, industry and state effects in the U.S. of removing major tariffs and quotas. Working Paper. Centre of Policy Studies (CoPS).

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Abstract

We use a 500-industry CGE model of the U.S. to simulate the macro, industry and state effects of removing major U.S. tariffs and quotas. We find that this would generate a welfare gain of 0.07 per cent. For most industries, the output change would be negligible but for sugar, butter and several textile industries output contractions would be large. The state employment changes are all between -0.5 and 0.2 per cent. We explain the results by elementary mechanisms, in a way that does not require prior knowledge of the underlying CGE model.

Item Type: Monograph (Working Paper)
ISBN: 0732615518
Additional Information:

CoPS/IMPACT Working Paper Number G-146

Uncontrolled Keywords: C68; R13; F14; U.S tariffs and quotas; CGE modeling; state modeling; explanation of CGE results
Subjects: FOR Classification > 1402 Applied Economics
Faculty/School/Research Centre/Department > Centre of Policy Studies (CoPS)
Depositing User: Symplectic Elements
Date Deposited: 01 Sep 2015 02:19
Last Modified: 19 Jul 2019 05:42
URI: http://vuir.vu.edu.au/id/eprint/29395
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