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Comparing Some Benefits and Costs from Eliminating the U.S. Trade Deficit with Low Wage Countries

机译:通过低工资国家的消除美国贸易逆差比较一些好处和成本

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This paper presents estimates of the consumers' surplus that would be lost if manufactured goods currently being imported to the U.S. from low wage countries were instead produced domestically. The study focuses on reducing the imports of consumer goods from such countries by about $600 billion, enough to eliminate the trade deficit in consumer goods with China, Mexico, and other major low wage trading partners. Estimates of the increase in compensation to U.S. workers that would result from such a curtailment in trade are also presented. These estimates have been made using a computational model that, unlike other studies, does not require strong assumptions regarding consumer preferences and production functions. The model was calibrated with data from the U.S. Census Bureau, Bureau of Economic Analysis, and Conference Board. Another departure from previous studies is the size of the reduction in the trade deficit. The reduction considered here is considerably less and, therefore, more likely to result from policy changes, than the reductions others have analyzed. At most, these estimates lend weak support to the claim that the loss to consumers from the price increases precipitating from a meaningful, but far less-than-draconian, curtailment in trade would be greater than the compensation that workers stand to gain from it. In fact, it is more likely that there would be a net benefit to a large number of workers, contrary to what other studies have found.
机译:本文介绍了如果在目前正在进口到美国低工资国家的制成品,则会损失消费者盈余。该研究致力于将消费品的进口从这些国家减少约6000亿美元,足以消除消费品与中国,墨西哥和其他主要低工资贸易伙伴的贸易逆差。还提出了由此类缩减在贸易中缴纳的赔偿赔偿增加的估计。这些估计已经使用计算模型使,与其他研究不同,不需要关于消费者偏好和生产职能的强烈假设。该模型用来自美国普查局,经济局和会议委员会的美国人口普查局和会议委员会的数据校准。从以前研究的另一个偏离是贸易逆差减少的规模。这里考虑的减少相当较少,因此,更有可能导致政策变化,而不是其他分析的减少。最多,这些估计值介绍了对消费者损失从价格上涨的损失造成的损失,但远远超过龙兰的损失,交易的缩减会大于工人从中获得的赔偿。事实上,大量工人更有可能有净利润,违背了其他研究的发现。

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