Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy

1999324 citationsJournal Article

Authors

James Levinsohn · University of Michigan–Ann Arbor

Abstract

We evaluate the voluntary export restraint (VER) that was initially placed on exports of automobiles from Japan in 1981. We evaluate the impact this policy had on U.S. consumer welfare, firm profits, and forgone tariff revenue from its initiation through 1990. (JEL F13)

Topics & Keywords

Global trade and economics Merger and Competition Analysis Global trade, sustainability, and social impact

UN Sustainable Development Goals

Partnerships for the goals

Publication Details

Published in: American Economic Review

Volume 89, Issue 3, pp. 400-431

DOI: 10.1257/aer.89.3.400

Field-Weighted Citation Impact: 7.53