Tuesday, March 27, 2007

[IWS] USITC: ECONOMIC EFFECTS of SIGNIFICANT U.S. IMPORT RESTRAINTS, Fifth Update 2007 [online 20 March 2007]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

U.S. International Trade Commission (USITC)
Investigation No. 332-325, Publication 3906
February 2007

The Economic Effects of Significant U.S. Import Restraints, Fifth Update 2007 [online 20 March 2007]
http://hotdocs.usitc.gov/docs/pubs/332/pub3906.pdf
[full-text, 236 pages]

Summary:
The U.S. International Trade Commission's latest update in this series of reports presents results on the economic effects on the U.S. economy of removing significant U.S. import restraints in manufacturing, agricultural products, and services. The report estimates changes in U.S. welfare, output, employment, and trade that could result from the elimination of U.S. tariff-rate quotas on agricultural products, quantitative restrictions applied to textiles and apparel, and duties for sectors with high tariffs. The study also examines the economic implications of restrictions affecting maritime trade and trucking, and it analyzes the implications of liberalization for U.S. workers. The base year for the study is 2005, the year for which the most recent data are available on the structure of the U.S. economy.

The report is the fifth update in a series of reports to the U.S. Trade Representative. The initial report was submitted in November 1993, the first update was submitted in December 1995, the second update in May 1999, the third update in June 2002,  and the fourth update in June 2004.

See Chapter 7

7 Labor Market Transitions .
. . . . . . . . . . . . . . . . . 113
Transition Experiences of Displaced Workers . . . . . . . . . 113
Estimated Effects of Simultaneous Liberalization of Import
Restraints on Displaced Workers . . . . . . . . . 114
Reason for and Location of Job Loss . . . . . . . . . . . 115
Personal and Employment Characteristics . . . . . . . . 117
Review of Literature . . . . . . . . . . . . . . . . . . . . . . 121
Skill Premium . . . . . . . . . . . . . . . . . . . . . . . 123
Other Studies . . . . . . . . . . . . . . . . . . . . . . . 126

and TABLES

7-1 Reason for displacement and location of import restraints displaced workers and all workers, 2001­5, percent a . . 116
7-2 Attributes of all displaced workers and import restraints displaced workers . . . . . . . . . . . . . . . . . . . . . 118
7-3 Job characteristics and unemployment experience . . . . 119
7-4 Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . 120
7-5 Current labor force status at survey time, percent . . . . 121
7-6 Sectors absorbing displaced workers, percent . . . . . . 122
______________________________
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****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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