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| Author: | Zhou, D. Vertinsky, I. |
| Title: | Can protectionist trade measures make a country better off? A study of VERs and minimum quality standards |
| Journal: | Journal of Business Research
2002 : MAR, VOL. 55:3, p. 227-236 |
| Index terms: | TRADE BARRIERS QUALITY TRADE |
| Language: | eng |
| Abstract: | Intensified international competition induces many firms to seek government protection. The interests of firms, however, may not be in line with the interests of their country as a whole. Pressures to employ protectionist measures may result in net welfare losses. Some policies intended to protect domestic firms, however, may offer little protection but result in welfare increases. In this paper, the authors explore the welfare impacts and protection levels provided by the imposition of quantitative restrictions and minimum quality standards (MQSs). The authors show that, unlike quantity restrictions, MQSs can improve a country's welfare. Furthermore, they can increase the world's welfare and thus cannot be regarded as non-tariff trade barriers (NTBs). |
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