TY - JOUR
T1 - Measuring quality change in quota-constrained import markets
T2 - The Case of U.S. Footwear
AU - Aw, Bee Yan
AU - Roberts, Mark J.
N1 - Funding Information:
*We are grateful to Robert Baldwin, Eric Bond, Frank Gallop, and two anonymous referees for helpful comments and Motahar Al-Saeede and Tii Dunne for research assistance. Financial support from a Pennsylvania State University Research Initiation Grant is gratefully acknowledged. ‘The theoretical impact of quotas on import quality has also been examined by Rodriguez (1979) and Santoni and VanCott (1980).
PY - 1986/8
Y1 - 1986/8
N2 - Theoretical models predict that quantitative import restrictions, such as orderly marketing agreements (OMAs), lead to substitution into higher quality products within the quotaconstrained import category. The country specific nature of OMAs results in further substitution among supplying countries. Using index number techniques, this paper measures the impact of product and country substitution on the price of U.S. footwear imports in the period surrounding the 1977-1981 footwear OMA with Korea and Taiwan. Upgrading of the import bundle was observed in most quota categories throughout the OMA period and accounted for 12 percent of the observed rise in the average price of footwear imports.
AB - Theoretical models predict that quantitative import restrictions, such as orderly marketing agreements (OMAs), lead to substitution into higher quality products within the quotaconstrained import category. The country specific nature of OMAs results in further substitution among supplying countries. Using index number techniques, this paper measures the impact of product and country substitution on the price of U.S. footwear imports in the period surrounding the 1977-1981 footwear OMA with Korea and Taiwan. Upgrading of the import bundle was observed in most quota categories throughout the OMA period and accounted for 12 percent of the observed rise in the average price of footwear imports.
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U2 - 10.1016/0022-1996(86)90004-8
DO - 10.1016/0022-1996(86)90004-8
M3 - Article
AN - SCOPUS:38249038606
SN - 0022-1996
VL - 21
SP - 45
EP - 60
JO - Journal of International Economics
JF - Journal of International Economics
IS - 1-2
ER -