The paper begins with a brief overview of the developments leading up to the MFA and the role played by the European Economic Community (EEC), the largest market in the world for textiles and clothing. Next, the EEC is used as a reference point for an overview of protectionistic measures taken...

The paper presents estimates of a dynamic demand system of the AIDS type for financial assets. The results suggest that dynamic behavior plays a major role in determining asset demand. Estimates on the basis of the equivalent static equilibrium models prove to be clearly inferior statistically....

Since 1974, the year of the first Multi-fiber Agreement (MFA), a considerable number of studies has analyzed the economic impact of quotas such as those of the MFA on industrialized countries. Examples are the studies by Hamilton (1980), Morkre and Tarr (1980), Wolf et al. (1984), and GATT...

Throughout mainstream economic development literature and, in particular, the analysis of international trade performance, references to the importance of allowing factor prices in a given land to reflect the relative scarcity of its factors of production abound. The consequences for developing...

This study represents an attempt to determine to what degree well-meant labor market policies negatively influence employment and hence unemployment levels. To do this a survey - referred to hereafter as the Labor Code Survey (LCS) - of firms in Panama was carried out. This survey is unique not...

Examining labour market developments in Brazil, the fastest growing economy in Latin America over the twenty years through 1985, means dealing with the impact and interactions of policies in a multifacetted country the size of a continent, harboring very large differences in population densities...