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Trade liberalisation in T&C: an overview of the welfare effects

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  • Dimitrios Dadakas
  • Stelios Katranidis

Abstract

The objective of this paper is to examine the effects that trade liberalisation in Textiles and Clothing (T&C) had on the welfare of European producers of cotton-yarn. We employ multi-market theory and a single-market approach to examine the price-induced welfare effects in four major European T&C producing countries namely, Greece, Portugal, Spain and Turkey. Results show that the liberalisation of trade had a substantial negative impact on producers' welfare in all four countries. Welfare and sensitivity analysis suggests that, while cotton-yarn price-decreases and labour-cost increases are expected to further dampen producers' welfare, the adoption of new technologies can substantially assist the competitiveness of European products in the world markets.

Suggested Citation

  • Dimitrios Dadakas & Stelios Katranidis, 2010. "Trade liberalisation in T&C: an overview of the welfare effects," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 3(3), pages 247-266.
    • Handle: RePEc:ids:ijtrgm:v:3:y:2010:i:3:p:247-266
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    Cited by:

    1. Dimitrios Dadakas & Stelios D. Katranidis, 2011. "Perspectives for the textiles and clothing industry in Greece: Past experience, outlook and policy implications," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 61(1-2), pages 13-38, January -.

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