The Trade Restrictiveness of the Multi-Fibre Arrangement |
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| Authors: | Anderson James E; Neary J Peter |
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| Institution: | James E. Anderson is in the Department of Economics at Boston College, and J. Peter Neary is in the Department of Economics at University College Dublin, the London School of Economics, and the Centre for Economic Policy Research, London. The research for this study was supported by the Research Committee of the World Bank and was carried out while the second author was visiting the University of Ulster at Jordanstown. The authors are grateful for able assistance from Christopher Holmes and Ulrich Reincke; for helpful discussions with Refik Erzan, Kala Krishna, and Will Martin; and for the comments of three anonymous referees. |
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| Abstract: | This study uses the trade restrictiveness index (TRI) of Andersonand Neary (1990) to evaluate U.S. policy toward seven majorexporters of textiles and apparel under the Multi-Fibre Arrangement(MFA). The period covered is 1982–88. The MFA controlsthe shipment of most textile and apparel items to the UnitedStates through a system of bilaterally negotiated export quotasthat allow for annual growth. The arrangement itself was renegotiatedin 1986, with an expansion in the number of items covered andcountries included. In addition to these policy changes, changesin economic conditions during the data period altered the restrictivenessof the MFA. The TRI in principle permits all these influencesto be accounted for in a consistent manner. The TRI resultsare contrasted with the standard trade-weighted average tariffequivalent of the quotas. The correlation of the two measuresis not significantly different from zero. |
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