Macro, industry and state effects in the U.S. of removing major tariffs and quotas
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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).
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.
| Additional Information | CoPS/IMPACT Working Paper Number G-146 |
| Item type | Monograph (Working Paper) |
| URI | https://vuir.vu.edu.au/id/eprint/29395 |
| Official URL | http://www.copsmodels.com/elecpapr/g-146.htm |
| ISBN | 0732615518 |
| Subjects | Historical > FOR Classification > 1402 Applied Economics Current > Division/Research > Centre of Policy Studies (CoPS) |
| Keywords | C68; R13; F14; U.S tariffs and quotas; CGE modeling; state modeling; explanation of CGE results |
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