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  3. American Economic Review
  4. June 1999
  5. Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy

Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy

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Abstract

The authors evaluate the voluntary export restraint that was initially placed on exports of automobiles from Japan in 1981. They evaluate the impact this policy had on U.S. consumer welfare, firm profits, and foregone tariff revenue from its initiation through 1990.

Citation

Berry, Steven, James Levinsohn, and Ariel Pakes. 1999. "Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy." American Economic Review, 89 (3): 400-430. DOI: 10.1257/aer.89.3.400

JEL Classification

  • F13 Trade Policy; International Trade Organizations
  • L62 Automobiles; Other Transportation Equipment