IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v46y1970i1p96-106.html
   My bibliography  Save this article

Cost of Protection of the U. S. Wool Sector

Author

Listed:
  • EDITH CRAMMATTE
  • RACHEL DARDIS

Abstract

The present system of protection of the U. S. wool sector affords an opportunity for examining the interdependence of intermediate and final goods sectors when both are protected. It also illustrates the cumulative nature of protective devices. In this study an intermediate good model is employed to investigate the cost to the United States of maintaining the present method of protection for raw wool and wool products1. The concept of a net tariff is utilized to represent the actual protection afforded to a final good when its inputs are also protected. This net tariff is related to the effective protective rate which has been frequently mentioned in the literature. It is, however, more useful when the question of cost allocation between sectors is under consideration. The intermediate good model also permits an estimation of the gain from the removal of protection in either the raw wool or wool products sector as well as an estimation of the gain from adopting alternative methods of protection such as deficiency payments.

Suggested Citation

  • Edith Crammatte & Rachel Dardis, 1970. "Cost of Protection of the U. S. Wool Sector," The Economic Record, The Economic Society of Australia, vol. 46(1), pages 96-106, March.
    • Handle: RePEc:bla:ecorec:v:46:y:1970:i:1:p:96-106
    DOI: 10.1111/j.1475-4932.1970.tb02467.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1970.tb02467.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1970.tb02467.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Harry G. Johnson, 1960. "The Cost of Protection and the Scientific Tariff," Journal of Political Economy, University of Chicago Press, vol. 68(4), pages 327-327.
    2. W. M. Corden, 1957. "The Calculation Op The Cost Op Protection," The Economic Record, The Economic Society of Australia, vol. 33(64), pages 29-51, April.
    3. Rachel Dardis & Janet Dennisson, 1969. "The Welfare Cost of Alternative Methods of Protecting Raw Wool in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(2), pages 303-319.
    4. W. M. Corden, 1966. "The Structure of a Tariff System and the Effective Protective Rate," Journal of Political Economy, University of Chicago Press, vol. 74(3), pages 221-221.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard Pomfret, 1978. "The economic consequences for Israel of free trade in manufactured goods with the EEC," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 114(3), pages 526-539, September.
    2. Kym Anderson, 2003. "Measuring Effects of Trade Policy Distortions: How Far Have We Come?," The World Economy, Wiley Blackwell, vol. 26(4), pages 413-440, April.
    3. Blanc, Elodie & Monier, Erwan & Fant, Charles & Reilly, John, 2014. "Climate Change, Water Resources and Irrigated Crop Yields: A Modeling Framework for Integrated Assessment of the US," Conference papers 332547, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Arvind Panagariya, 2003. "Alternative Approaches to Measuring the Cost of Protection," International Trade 0308002, University Library of Munich, Germany.
    5. Peter Dixon & Michael Jerie & Maureen Rimmer, 2016. "Modern Trade Theory for CGE Modelling: The Armington, Krugman and Melitz Models," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 1(1), pages 1-110, June.
    6. Kym Anderson, 2016. "Agricultural Trade, Policy Reforms, and Global Food Security," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-1-137-46925-0, October.
    7. Michael Mussa, 1983. "Optimal Economic Integration," NBER Chapters, in: Financial Policies and the World Capital Market: The Problem of Latin American Countries, pages 41-58, National Bureau of Economic Research, Inc.
    8. Sunanda Sen, 2005. "Forum 2005," Development and Change, International Institute of Social Studies, vol. 36(6), pages 1011-1029, November.
    9. Eva Fernandez, 2011. "The cost of protection to grain farmers during the interwar years," Working Papers 11036, Economic History Society.
    10. Fernandez, Ignacio del Rosal, 2000. "How costly is the maintenance of the coal-mining jobs in Europe? The Spanish case 1989-1995," Energy Policy, Elsevier, vol. 28(8), pages 537-547, July.
    11. Zamani, Omid & Chibanda, Craig & Pelikan, Janine, 2021. "Investigating Alternative Poultry Trade Policies in the Context of African Countries: Evidence from Ghana," 2021 Conference, August 17-31, 2021, Virtual 315173, International Association of Agricultural Economists.
    12. Ben Shepherd, 2021. "Effective Rates of Protection in a World With Non-Tariff Measures and Supply Chains: Evidence from ASEAN," Working Papers DP-2021-27, Economic Research Institute for ASEAN and East Asia (ERIA).
    13. Haynes, J.E., 1985. "Rural Assistance Levels: The Influence Of Policies And World Price Changes," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(1), pages 1-17, April.
    14. Lord, Montague, 2000. "Viet Nam: Small Scale Technical assistance for Capacity Building of Ministry of Finance to Support Tariff, Industry and Subsidy Analysis for the WTO Accession," MPRA Paper 41158, University Library of Munich, Germany.
    15. John Tressler, 1978. "Political Goods and Trade Theory," The American Economist, Sage Publications, vol. 22(1), pages 51-59, March.
    16. Shyam Kamath, 1988. "Partially suppressed markets: Controls, rent seeking and the cost of protection in the indian sugar industry," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 124(1), pages 140-160, March.
    17. Haiou Mao & Holger Görg, 2020. "Friends like this: The impact of the US–China trade war on global value chains," The World Economy, Wiley Blackwell, vol. 43(7), pages 1776-1791, July.
    18. Lin, Boqiang & Li, Zhensheng, 2020. "Analysis of the natural gas demand and subsidy in China: A multi-sectoral perspective," Energy, Elsevier, vol. 202(C).
    19. Costinot, Arnaud & Rodríguez-Clare, Andrés, 2014. "Trade Theory with Numbers: Quantifying the Consequences of Globalization," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 197-261, Elsevier.
    20. Fernandes, Ana M., 2007. "Trade policy, trade volumes and plant-level productivity in Colombian manufacturing industries," Journal of International Economics, Elsevier, vol. 71(1), pages 52-71, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:46:y:1970:i:1:p:96-106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.