| Distortions of Sino-US and Sino-EU Safeguard Agreements： Effects on World Textile Markets |
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| 摘 要： |
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| 关 键 词： | 普遍平衡 部分平衡 安全设置 纺织品 |
Distortions of Sino-US and Sino-EU Safeguard Agreements: Effects on World Textile Markets |
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| Suwen Pan Mark Welch Samarendu Mohanty Xiurong He. Distortions of Sino-US and Sino-EU Safeguard Agreements: Effects on World Textile Markets[J]. China & World Economy, 2007, 15(4): 78-88. DOI: 10.1111/j.1749-124X.2007.00077.x |
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| Authors: | Suwen Pan Mark Welch Samarendu Mohanty Xiurong He |
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| Affiliation: | Research Scientist, Department of Agricultural and Applied Economics, Texas Tech University, Texas, USA. Email:;;Assistant Professor, Department of Agricultural Economics, Texas A&M University, Texas, USA. Email:;;Associate Professor, Department of Agricultural and Applied Economics, Texas Tech University, Texas, USA. Email:;;Professor, College of Economics and Management, China Agricultural University, Beijing, China. Email: . |
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| Abstract: | The effects of Sino‐US and Sino‐EU safeguard agreements on US, Chinese and world cotton and textile sectors are investigated using a partial equilibrium model. The effects are compared to a free trade scenario under the provisions of the Agreement on Textiles and Clothing. The two safeguard agreements capping Chinese textile exports would decrease China's textile and apparel exports, production, and domestic consumption by an average 1.57, 0.63 and 0.32 percent, respectively. The safeguard agreements cause an increase in the US cotton textile price index and a slight decrease in US net textile imports and textile consumption. The agreements cause a decrease in the world cotton price and the quantity of cotton traded, but these trends reverse at safeguard expiration. The results generally support the view that the safeguard agreements forestall the effects of free trade in textiles and apparel rather than creating long lasting shifts in the textile trade. |
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| Keywords: | general equilibrium partial equilibrium safeguard restraints textile |
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