Measuring quality change in quota-constrained import markets: The Case of U.S. Footwear

Bee Yan Aw; Mark J. Roberts

doi:10.1016/0022-1996(86)90004-8

Measuring quality change in quota-constrained import markets: The Case of U.S. Footwear

Bee Yan Aw, Mark J. Roberts

Research output: Contribution to journal › Article › peer-review

67 Scopus citations

Abstract

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.

Original language	English (US)
Pages (from-to)	45-60
Number of pages	16
Journal	Journal of International Economics
Volume	21
Issue number	1-2
DOIs	https://doi.org/10.1016/0022-1996(86)90004-8
State	Published - Aug 1986

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1016/0022-1996(86)90004-8

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title = "Measuring quality change in quota-constrained import markets: The Case of U.S. Footwear",

abstract = "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.",

author = "Aw, {Bee Yan} and Roberts, {Mark J.}",

note = "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. {\textquoteleft}The theoretical impact of quotas on import quality has also been examined by Rodriguez (1979) and Santoni and VanCott (1980).",

year = "1986",

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doi = "10.1016/0022-1996(86)90004-8",

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PY - 1986/8

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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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Measuring quality change in quota-constrained import markets: The Case of U.S. Footwear

Abstract

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