Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis

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dc.creatorDiao, Xinshen
dc.creatorSomwaru, Agapi
dc.date2001
dc.date2024-10-24T12:43:04Z
dc.date2024-10-24T12:43:04Z
dc.date.accessioned2026-06-27T15:31:23Z
dc.descriptionThis study focuses on the possible impact of the MFA phase-out on the world economy. Starting from analyzing trends in world textile and apparel trade, the study found that the developing countries were a growing factor in world T&A trade in recent decades. Moreover, using trade data from 91 countries over 37 years, the study indicates a strong positive relationship between trade in textile and apparel and the standard of living. The study further focuses on the possible impacts of the MFA phase-out on the world T&A using an intertemporal, global general equilibrium model. The study found the the MFA phase-out would enlarge world trade of T&A and developing countries will further gain market share in world total exports. Even though the developing countries currently free from the MFA quota restraints may lose their market shares, as world T&A prices are lowered by improving the efficiency of world T&A trade post-MFA, consumers are better off by consuming cheap commodities.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/156040
dc.identifier.urihttp://hdl.handle.net/123456789/106826
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceDiao, Xinshen; Somwaru, Agapi. 2001. Impact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis. TMD Discussion Paper 79. https://hdl.handle.net/10568/156040
dc.subjectmarkets
dc.subjectindustry
dc.subjecteconomic aspects
dc.subjectliving standards
dc.subjecttrade policies
dc.subjectequilibrium theory
dc.subjectmodels
dc.titleImpact of the MFA phase-out on the world economy: an intertemporal global general equilibrium analysis
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)