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dc.contributor.authorBernhofen, Danielen
dc.contributor.authorUpward, Richarden
dc.contributor.authorWang, Zhengen
dc.date.accessioned2017-09-20T10:15:13Z
dc.date.available2017-09-20T10:15:13Z
dc.date.issued2017-10-27
dc.identifier.citationBernhofen, D, Upward, R. and Wang, Z. (2017) Quantity Restrictions and Price Adjustment of Chinese Textile Exports to the U.S. The World Economy, 41 (11), pp. 2983-3000en
dc.identifier.urihttp://hdl.handle.net/2086/14515
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.en
dc.description.abstractThe elimination of the Multifibre Arrangement (MFA) in 2005 provides an unusual opportunity to examine the effects of a trade policy shock on export prices and firm behaviour. It was massive in scale, discrete in timing and exogenous to firms and consumers in the textile industry. Since the MFA quota removal did not affect all textile products at the same time, we are able to use a difference-in-difference approach to estimate the causal effects of the MFA. Using transaction-level data from the Chinese Customs Trade Statistics over the period 2000-2006, we find that the MFA removal reduced average export prices by about 25%. This fall was mainly caused by a combination of the entry of new low-price exporters and new low-price products, rather than a fall in prices of existing firm-product combinations. We also find that price reductions are twice as large for heterogeneous than for homogeneous products.en
dc.language.isoenen
dc.publisherWileyen
dc.subjectMFAen
dc.subjectChinese exportsen
dc.subjectUSen
dc.subjecttextileen
dc.titleQuantity Restrictions and Price Adjustment of Chinese Textile Exports to the U.S.en
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1111/twec.12581
dc.peerreviewedYesen
dc.funderN/Aen
dc.projectidNAen
dc.cclicenceCC-BY-NCen
dc.date.acceptance2017-09-12en


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