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Evidence on Inefficiencies from the MFA in the EC
Ten Most Important MFA CategoriesEC
1990 FIBERS YARNS allocation among consumers anoraks average utilization rates binding quotas bindingness China coefficients of variation comparative advantage constrained exporting countries constrained to unconstrained consumers in constrained cost of production Cote d'lvoire country l's developing countries developing countries exports difference DK F domestic suppliers EC countries EC import markets EC importing countries efficient export quota Export Restraints Faini fully utilized quotas Hamilton Hong Kong inefficient allocation Italy Korea LDC SHARE M&B shirts marginal cost market shares Melo and Takacs MFA quota mirror image negotiated OECD percent Policy Research price differentials product categories production from constrained projecting the mirror quota allocations quota utilization rates reallocations from constrained reallocations of production SHARE OF IMPORTS shift shipments sources of inefficiency suggest supply curve textile and apparel textiles and clothing trade in textiles Trade Policy trends unconstrained importing countries unit values United Kingdom Voluntary Export Restraints W/C/MMF World Bank yarns and fabrics