The Uruguay Round (1987-95) signaled the end of the Multifiber Agreement for textiles and clothing. The quota regime, in place since 1974, was decided, according to the Agreement on Textiles and Clothing, to be gradually eliminated by the year 2005. As a result, prices of cotton-yarn in the world markets decreased, affecting producers in all cotton-yarn exporting countries, including Greece. At the same time, the labor cost in western industrialized countries remained high, or even increased, exerting further pressure on yarn producers. The present paper examines these changes for the cotton-yarn industry in Greece. We use a multi-market partial-equilibrium model which allows us to take into account simultaneous input and output price changes, relevant for the industry under study. Findings show that, after the implementation of the program for the gradual elimination of quotas, producers' welfare decreased whereas consumers noted substantial increases in welfare transfers. Copyright � 2010 Blackwell Publishing Ltd.
1) 10 meters was the mean inundation height of the tsunami near the shorelines. The maximum inundation height was 19.5 meters and maximum run-up height 39.7 meters. Maximum run-up heights above 10 meters were distributed along 425 km of coastline and greater than 20 meters along 290 km of coast (Mori et al., 2011). 2) Different types of "Surveillance measures" were adopted such as import bans, import bans in accordance with distribution restrictions in Japan, certificates of pre-export testing for radionuclides, certificates of production place and reinforced inspections. 3) These figures do not include damages created by exclusion zones for agricultural production or damages caused by international surveillance measures.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.